PrivateBancorp Inc. Reports 19% Increase In Q1 Earnings

(RTTNews) - PrivateBancorp Inc. (PVTB) revealed earnings for its first quarter that climbed from last year.

The company said its bottom line rose to $49.55 million, or $0.62 per share. This was higher than $41.48 million, or $0.52 per share, in last year's first quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.4% to $174.33 million. This was up from $156.45 million last year.

PrivateBancorp Inc. earnings at a glance:

-Earnings (Q1): $49.55 Mln. vs. $41.48 Mln. last year. -Earnings Growth (Y-o-Y): 19.5% -EPS (Q1): $0.62 vs. $0.52 last year. -EPS Growth (Y-o-Y): 19.2% -Analysts Estimate: $0.57 -Revenue (Q1): $174.33 Mln vs. $156.45 Mln last year. -Revenue Change (Y-o-Y): 11.4%