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Privatebancorp, Inc (PVTB) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

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:
Jeanette O'Loughlin
312-564-6076
joloughlin@theprivatebank.com

PrivateBancorp Reports Fourth Quarter and Full Year 2015 Earnings
Earnings per share up 38 percent for the quarter from prior year quarter
and up 20 percent for the year from full year 2014

CHICAGO, January 21, 2016 - PrivateBancorp, Inc. (NASDAQ: PVTB) today reported net income of $52.1 million, or $0.65 per diluted share, for the fourth quarter 2015, compared to $37.2 million, or $0.47 per diluted share, for the fourth quarter 2014, and $45.3 million, or $0.57 per diluted share, for the third quarter 2015. For the year ended December 31, 2015, the Company had net income of $185.3 million, or $2.32 per diluted share, compared to $153.1 million, or $1.94 per diluted share, for the year ended December 31, 2014.

“Our 2015 results reflect the benefit of our focus on consistent execution and building long-term profitable client relationships,” said Larry D. Richman, President and Chief Executive Officer, PrivateBancorp, Inc. “We grew loans, deposits and fee income as we built new client relationships and expanded services to existing clients. In fact, in the fourth quarter we generated almost $500 million in new loans to new clients and increased noninterest bearing deposits by more than $285 million. Our ability to generate earning assets and grow revenue throughout the year, and to manage expenses, led to a 20 percent increase in operating profit. Net income was up 21 percent compared to a year ago, our seventh consecutive year of improving our bottom line results and strengthening our balance sheet.

“As we look into 2016, we believe we are well positioned to continue to add new client relationships and serve existing clients as they carry out their business objectives. We are confident in the business we have built and proud of the value we deliver to our clients, our communities and our shareholders.”

Fourth Quarter 2015 Highlights

Total loans grew to $13.3 billion, up $1.4 billion from a year ago and $187.2 million from September 30, 2015.

Total deposits were $14.3 billion, increasing $1.3 billion from a year ago and $447.9 million from September 30, 2015. Noninterest-bearing demand deposits grew $839.0 million from a year ago and $286.9 million from September 30, 2015, representing 30 percent of total deposits at December 31, 2015, compared to 27 percent a year ago.

Net revenue of $170.4 million for the fourth quarter 2015 benefited from growth in average loans, increasing 15 percent from the fourth quarter 2014 and 4 percent from the third quarter 2015. Average loans grew $1.4 billion, or 13 percent, from the fourth quarter 2014 and $397.2 million, or 3 percent, from the third quarter 2015.

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The following information was filed by Privatebancorp, Inc (PVTB) on Thursday, January 21, 2016 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 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 (reserve For Unfunded Commitments) (detail)
Allowance For Loan Losses And Reserve For Unfunded Commitments (tables)
Balance Sheet Offsetting Balance Sheet Offsetting
Balance Sheet Offsetting Balance Sheet Offsetting (narrative) (details)
Balance Sheet Offsetting Balance Sheet Offsetting (offsetting Of Financial Assets And Liabilities) (details)
Balance Sheet Offsetting Balance Sheet Offsetting (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)
Deposits
Deposits (maturities Of Time Deposits Of $100,000 Or More) (detail)
Deposits (summary Of Deposits) (detail)
Deposits (tables)
Deposits Deposits (scheduled Maturities Of Time Deposits) (details)
Derivative Instruments
Derivative Instruments (change In Accumulated Other Comprehensive Income Related To Interest Rate Swaps Designated As Cash Flow Hedge) (details)
Derivative Instruments (gain (loss) Recognized On Derivative Instruments Not Designated In Hedging Relationship) (details)
Derivative Instruments (narrative) (details)
Derivative Instruments (notional Amounts And Fair Value Of Derivative Instruments) (details)
Derivative Instruments (risk Participation Agreements) (details)
Derivative Instruments (tables)
Derivative Instruments Derivative Instruments (derivatives Subject To Credit Risk Contingency Features) (details)
Earnings Per Common Share
Earnings Per Common Share (basic And Diluted Earnings Per Common Share) (detail)
Earnings Per Common Share (tables)
Equity
Equity (change In Accumulated Other Comprehensive Income (aoci) By Component) (detail)
Equity (narrative) (detail)
Equity (tables)
Estimated Fair Value Of Financial Instruments
Estimated Fair Value Of Financial Instruments (difference Between Aggregate Fair Value And Aggregate Remaining Principle Balance For Mortgage Loans Held-for-sale Elected To Be Carried At Fair Value) (detail)
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 (tables)
Goodwill And Other Intangible Assets
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 Troubled Debt Restructuring During The Period) (detail)
Loans (average Recorded Investment And Interest Income Recognized On Impaired Loans) (detail)
Loans (carrying Value Of Loans Pledged) (detail)
Loans (credit Quality Indicators) (detail)
Loans (impaired Loans) (detail)
Loans (loan Portfolio Aging) (detail)
Loans (loan Portfolio) (detail)
Loans (narrative) (detail)
Loans (tables)
Loans (troubled Debt Restructured Loans Outstanding) (detail)
Loans Loans (covered Assets) (details)
Loans Loans (loans Held-for-sale) (details)
Loans Loans (oreo Composition) (details)
Long-term Debt
Long-term Debt (long-term Debt) (detail)
Long-term Debt (narrative) (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 (future Minimum Rental Payments Under Operating Leases) (detail)
Premises, Furniture, And Equipment (premises, Furniture, And Equipment) (detail)
Premises, Furniture, And Equipment (tables)
Premises, Furniture, And Equipment Premises, Furniture, And Equipment (rental Expense And Rental Income) (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)
Securities Securities (narrative) (detail) (details)
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 (other Stock Option Information) (detail)
Share-based Compensation And Other Benefits (restricted Stock And Unit Award Transactions) (detail)
Share-based Compensation And Other Benefits (stock Option Activity) (detail)
Share-based Compensation And Other Benefits (stock Option Valuation Assumptions) (detail)
Share-based Compensation And Other Benefits (summary Of Stock Options Outstanding And Exercisable) (detail)
Share-based Compensation And Other Benefits (tables)
Share-based Compensation And Other Benefits Share-based Compensation And Other Benefits (performance Share Units Activity) (detail)
Short-term Borrowings
Short-term Borrowings (summary Of Short-term Borrowings) (detail)
Short-term Borrowings (tables)
Subsequent Events Subsequent Events (details)
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: 0000889936-16-000135
Submitted to the SEC: Thu Feb 25 2016 5:35:55 PM EST
Accepted by the SEC: Fri Feb 26 2016
Period: Thursday, December 31, 2015
Industry: State Commercial Banks

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