PrivateBancorp Inc. Q1 Earnings Advance 17%

(RTTNews) - PrivateBancorp Inc. (PVTB) released a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line climbed to $57.95 million, or $0.70 per share. This was up from $49.55 million, or $0.62 per share, in last year's first quarter.

Analysts had expected the company to earn $0.6 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.5% to $199.55 million. This was up from $174.33 million last year.

PrivateBancorp Inc. earnings at a glance:

-Earnings (Q1): $57.95 Mln. vs. $49.55 Mln. last year. -Earnings Growth (Y-o-Y): 17.0% -EPS (Q1): $0.70 vs. $0.62 last year. -EPS Growth (Y-o-Y): 12.9% -Analysts Estimate: $0.6 -Revenue (Q1): $199.55 Mln vs. $174.33 Mln last year. -Revenue Change (Y-o-Y): 14.5%