PrivateBancorp, Inc. (PVTB: Quote) 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.
Click here to receive FREE breaking news email alerts for PrivateBancorp Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org