logo
Share SHARE
FONT-SIZE Plus   Neg

PrivateBancorp Q1 Net Income Rises - Quick Facts

PrivateBancorp, Inc. (PVTB) Tuesday released financial results for the first quarter of 2012, reporting net income available to common shareholders of $10.80 million or $0.15 per share, higher than net income of $7.5 million or $0.10 per share reported for the corresponding quarter last year.

Net Revenue for the first quarter increased to $32.60 million from $127.0 million in the same quarter a year earlier. Non-interest income for the quarter increased to $27.50 million from $23.63 million reported for the year-ago quarter.

Analysts polled by Thomson Reuters expected the company to earn $0.12 per share on revenues of $126.18 million for the quarter. Analysts' estimates typically exclude special items.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Health IQ Insurance Services, a startup focused on providing life insurance for health-conscious individuals, said it has secured $34.6 million in Series C funding, led by Andreessen Horowitz. To date, the company has raised a total of $81 million in funding mostly from its existing investors. General Motors Co. is recalling nearly 49,000 trucks worldwide to fix a fuel tank issue that can increase the risk of a fire. The recall covers Chevrolet Silverado 3500 and GMC Sierra 3500 trucks from the 2011 through 2015 model years, all equipped with dual fuel tanks. Meredith Corp. is reportedly in talks for the acquisition of Time Inc, with a staunch support from billionaire brothers Charles and David Koch. Des Moines-based Meredith is the publisher of Family Circle and Better Homes and Gardens and aims to acquire the publisher of Time, People and Fortune Magazines.
comments powered by Disqus
Follow RTT