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.
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