PrivateBancorp Inc. Reports 8% Increase In Q2 Bottom Line

(RTTNews) - PrivateBancorp Inc. (PVTB) revealed earnings for its second quarter that advanced compared to the same period last year.

The company said its bottom line totaled $50.36 million, or $0.62 per share. This was higher than $46.42 million, or $0.58 per share, in last year's second quarter.

Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 13.6% to $180.34 million. This was up from $158.72 million last year.

PrivateBancorp Inc. earnings at a glance:

-Earnings (Q2): $50.36 Mln. vs. $46.42 Mln. last year. -Earnings Growth (Y-o-Y): 8.5% -EPS (Q2): $0.62 vs. $0.58 last year. -EPS Growth (Y-o-Y): 6.9% -Analysts Estimate: $0.63 -Revenue (Q2): $180.34 Mln vs. $158.72 Mln last year. -Revenue Change (Y-o-Y): 13.6%