PrivateBancorp Q4 Profit Rises - Quick Facts

(RTTNews) - PrivateBancorp, Inc. (PVTB) reported higher net income of $37.2 million, or $0.47 per share, for the fourth quarter 2014, compared with $33.7 million, or $0.43 per share, last year. Analysts polled by Thomson-Reuters, on an average, estimated earnings of $0.50 for the quarter. Analysts' estimates typically exclude one-time items.

Fourth-quarter net revenue totaled $148.2 million, up 9 percent from $136.04 million in the fourth quarter 2013, reflecting continued growth in earning assets offset by the net impact of the trust preferred securities redemption. Year-over-year, quarterly total interest income grew to $135.98 million from $125.62 million.

Analysts estimated revenue of $148.20 million for the quarter.