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Privatebancorp, Inc (PVTB) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Privatebancorp, Inc

CIK: 889936 Ticker: PVTB

Exhibit 99.1

 

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Media Contact:

Amy Yuhn

312-564-1378

ayuhn@theprivatebank.com

Investor Relations Contact:

Sarah Lewensohn

312-564-3894

slewensohn@theprivatebank.com

For Immediate Release

PrivateBancorp Reports Fourth Quarter and Full Year 2012 Results

 

   

Fourth quarter earnings per share of $0.26

 

   

Loan growth of 5 percent during the quarter

 

   

Full year 2012 diluted earnings per share of $0.88, compared to $0.43 per share in 2011

CHICAGO, January 22, 2013 – PrivateBancorp, Inc. (NASDAQ: PVTB) today reported net income available to common shareholders of $20.0 million, or $0.26 per diluted share, for the fourth quarter 2012, compared to $7.6 million, or $0.11 per diluted share, for the fourth quarter 2011. For the 12 months ended December 31, 2012, the Company had net income available to common shareholders of $64.5 million, or $0.88 per diluted share, compared to $30.7 million, or $0.43 per diluted share, for the prior year.

“Our 2012 performance demonstrates our commitment to improved earnings and a stronger balance sheet as we more than doubled net income, grew our business and strengthened asset quality,” said Larry D. Richman, President and Chief Executive Officer, PrivateBancorp, Inc.

“We continued our earnings momentum in the fourth quarter and leveraged our client relationship development capabilities to generate solid loan and deposit growth, including significant year-end activity, and increased fee income,” Richman continued. “Non-performing assets declined again this quarter as disposition activity continued. Despite continued pressure on net interest margin from the competitive environment, we succeeded in growing both net revenue and net income.

“As we move into 2013, our clients are telling us they are generally feeling better about their business performance even though their economic outlook is impacted by the continued uncertainty over fiscal policy,” Richman concluded. “We will remain focused on developing profitable new relationships, to do more for our existing clients and to manage expenses in order to continue to drive improved profitability and shareholder return.”


The following information was filed by Privatebancorp, Inc (PVTB) on Tuesday, January 22, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Financial Condition
Consolidated Statements Of Financial Condition (parenthetical)
Consolidated Statements Of Income
Allowance For Loan Losses And Reserve For Unfunded Commitments
Allowance For Loan Losses And Reserve For Unfunded Commitments (allowance For Loan Losses And Recorded Investment In Loans) (detail)
Allowance For Loan Losses And Reserve For Unfunded Commitments (allowance For Loan Losses) (detail)
Allowance For Loan Losses And Reserve For Unfunded Commitments (reserve For Unfunded Commitments) (detail)
Allowance For Loan Losses And Reserve For Unfunded Commitments (tables)
Commitments, Guarantees, And Contingent Liabilities
Commitments, Guarantees, And Contingent Liabilities (contractual Or Notional Amounts Of Financial Instruments) (detail)
Commitments, Guarantees, And Contingent Liabilities (narrative) (detail)
Commitments, Guarantees, And Contingent Liabilities (tables)
Condensed Parent Company Financial Statements
Condensed Parent Company Financial Statements (statements Of Cash Flows) (detail)
Condensed Parent Company Financial Statements (statements Of Financial Condition) (detail)
Condensed Parent Company Financial Statements (statements Of Income) (detail)
Condensed Parent Company Financial Statements (tables)
Covered Assets
Covered Assets (allowance For Covered Loan Losses) (detail)
Covered Assets (covered Assets) (detail)
Covered Assets (schedule Of Change In Purchased Impaired Loans Accretable Yield And Carrying Amount) (detail)
Covered Assets (tables)
Deposits
Deposits (maturities Of Time Deposits Of $100,000 Or More) (detail)
Deposits (summary Of Deposits) (detail)
Deposits (tables)
Derivative Instruments
Derivative Instruments (change In Accumulated Other Comprehensive Income Related To Interest Rate Swaps Designated As Cash Flow Hedge) (detail)
Derivative Instruments (composition Of Derivative Instruments And Fair Value) (detail)
Derivative Instruments (derivatives Subject To Credit Risk Contingency Features) (detail)
Derivative Instruments (gain (loss) Recognized On Derivative Instruments Not Designated In Hedging Relationship) (detail)
Derivative Instruments (narrative) (detail)
Derivative Instruments (risk Participation Agreements) (detail)
Derivative Instruments (tables)
Earnings Per Common Share
Earnings Per Common Share (basic And Diluted Earnings Per Common Share) (detail)
Earnings Per Common Share (tables)
Estimated Fair Value Of Financial Instruments
Estimated Fair Value Of Financial Instruments (fair Value Measurements On A Nonrecurring Basis) (detail)
Estimated Fair Value Of Financial Instruments (fair Value Measurements On A Recurring Basis) (detail)
Estimated Fair Value Of Financial Instruments (financial Instruments) (detail)
Estimated Fair Value Of Financial Instruments (narrative) (detail)
Estimated Fair Value Of Financial Instruments (quantitative Information Regarding Level 3 Fair Value Measurements) (detail)
Estimated Fair Value Of Financial Instruments (reconciliation Of Beginning And Ending Fair Value For Those Fair Value Measurements Using Significant Unobservable Inputs) (level 3) (detail)
Estimated Fair Value Of Financial Instruments (summary Of The Difference Between The Aggregate Fair Value And Remaining Principle Balance In Mortgage Loans Held For Sale) (detail)
Estimated Fair Value Of Financial Instruments (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (additional Information - Other Intangible Assets) (detail)
Goodwill And Other Intangible Assets (changes In The Carrying Amount Of Goodwill By Operating Segment) (detail)
Goodwill And Other Intangible Assets (narrative) (detail)
Goodwill And Other Intangible Assets (other Intangible Assets) (detail)
Goodwill And Other Intangible Assets (scheduled Amortization Of Other Intangible Assets) (detail)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (components Of Income Taxes) (detail)
Income Taxes (deferred Tax Assets And Liabilities) (detail)
Income Taxes (narrative) (detail)
Income Taxes (reconciliation Of Income Tax Provision To Statutory Federal Rate) (detail)
Income Taxes (roll Forward Of Unrecognized Tax Benefits) (detail)
Income Taxes (tables)
Junior Subordinated Deferrable Interest Debentures Held By Trusts That Issued Guaranteed Capital Debt Securities
Junior Subordinated Deferrable Interest Debentures Held By Trusts That Issued Guaranteed Capital Debt Securities (common Securities, Preferred Securities, And Related Debentures) (detail)
Junior Subordinated Deferrable Interest Debentures Held By Trusts That Issued Guaranteed Capital Debt Securities (narrative) (detail)
Junior Subordinated Deferrable Interest Debentures Held By Trusts That Issued Guaranteed Capital Debt Securities (tables)
Loans
Loans (additions To Tdr During The Period) (detail)
Loans (average Recorded Investment And Interest Income Recognized On Impaired Loans) (detail)
Loans (narrative) (detail)
Loans (schedule Of Carrying Value Of Loans Pledged) (detail)
Loans (schedule Of Credit Quality Indicators Excluding Covered Assets) (detail)
Loans (schedule Of Impaired Loans Excluding Covered Assets) (detail)
Loans (schedule Of Loan Portfolio Aging Excluding Covered Assets) (detail)
Loans (schedule Of Loan Portfolio Excluding Covered Assets) (detail)
Loans (tables)
Loans (troubled Debt Restructured Loans Outstanding) (detail)
Loans (troubled Debt Restructuring That Became Nonperforming Within 12 Months Of Restructuring) (detail)
Long-term Debt
Long-term Debt (narrative) (detail)
Long-term Debt (schedule Of Long-term Debt) (detail)
Long-term Debt (scheduled Maturities Of Long-term Debt) (detail)
Long-term Debt (tables)
Operating Segments
Operating Segments (operating Segments Performance) (detail)
Operating Segments (tables)
Premises, Furniture, And Equipment
Premises, Furniture, And Equipment (schedule Of Future Minimum Rental Payments Under Operating Leases) (detail)
Premises, Furniture, And Equipment (schedule Of Premises, Furniture, And Equipment) (detail)
Premises, Furniture, And Equipment (tables)
Premises, Furniture, And Equipment Premises, Furniture, And Equipment (rental Income And Expense) (details)
Quarterly Earnings Performance
Quarterly Earnings Performance (quarterly Earnings Performance) (detail)
Quarterly Earnings Performance (tables)
Recent Accounting Pronouncements
Regulatory And Capital Matters
Regulatory And Capital Matters (capital Measurements) (detail)
Regulatory And Capital Matters (narrative) (detail)
Regulatory And Capital Matters (tables)
Securities
Securities (remaining Contractual Maturity Of Securities) (detail)
Securities (securities Gains (losses) (detail)
Securities (securities In Unrealized Loss Position) (detail)
Securities (securities Portfolio) (detail)
Securities (tables)
Share-based Compensation And Other Benefits
Share-based Compensation And Other Benefits (effect Of Recognizing Share-based Compensation Expense) (detail)
Share-based Compensation And Other Benefits (ksop Plan Information) (detail)
Share-based Compensation And Other Benefits (narrative) (detail)
Share-based Compensation And Other Benefits (other Restricted Stock And Unit Award Information) (detail)
Share-based Compensation And Other Benefits (restricted Stock And Unit Award Transactions) (detail)
Share-based Compensation And Other Benefits (schedule Of Other Stock Option Information) (detail)
Share-based Compensation And Other Benefits (schedule Of Salary Stock Issued) (detail)
Share-based Compensation And Other Benefits (schedule Of Stock Option Transactions) (detail)
Share-based Compensation And Other Benefits (schedule Of Stock Option Valuation Assumptions) (detail)
Share-based Compensation And Other Benefits (summary Of Stock Options Outstanding) (detail)
Share-based Compensation And Other Benefits (tables)
Short-term Borrowings
Short-term Borrowings (summary Of Short-term Borrowings) (detail)
Short-term Borrowings (tables)
Stockholders' Equity
Stockholders' Equity (schedule Of Components Of Accumulated Other Comprehensive Income) (detail)
Stockholders' Equity (summary Of Common Stock Offerings) (narrative) (detail)
Stockholders' Equity (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (detail)
Summary Of Significant Accounting Policies (policies)
Variable Interest Entities
Variable Interest Entities (narrative) (detail)
Variable Interest Entities (schedule Of Non Consolidated Variable Interest Entities) (detail)
Variable Interest Entities (tables)
Ticker: PVTB
CIK: 889936
Form Type: 10-K Annual Report
Accession Number: 0000889936-13-000012
Submitted to the SEC: Fri Feb 22 2013 12:35:46 PM EST
Accepted by the SEC: Fri Feb 22 2013
Period: Monday, December 31, 2012
Industry: State Commercial Banks

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