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PRIVATEBANCORP, INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2017 10-Q, filed May 10, 2017. Its latest SEC filing is a 15-12B from Jul 3, 2017.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Provides commercial and personal banking and wealth-management services to middle-market companies, business owners and executives, and families.

How Did They Make Money?

Earns interest on loans and investments, pays interest on deposits and borrowings, and keeps the difference; it also earns fees from asset management, mortgage banking, capital markets, syndications, treasury management and other services.

FY2016 revenue

Who Were Their Customers?

Commercial clients work with relationship managers for lending and cash-management services; individuals and families use personal banking and wealth services.

Did Revenues Turn Into Profits?

Yes. It kept 31 cents of every revenue dollar as net income in FY2016 and turned 50 cents into free cash flow.

Net income, FY2016
31% of revenue
▲ +12% vs FY2015 ($185.3M, 32%)
Free cash flow, FY2016
50% of revenue
▲ +31% vs FY2015 ($250.6M, 43%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q1 FY2017, the three months to Mar 31, 2017
Revenue
▲ +18%
vs $158.1M in Q1 FY2016
Net income
▲ +17%
vs $49.6M in Q1 FY2016
  • Jun 23, 2017 CIBC completed its acquisition of PrivateBancorp Holdco, as successor, became a wholly owned subsidiary of CIBC.

Grew. Revenue grew 37% in 4 years, from $487M in FY2012 to $665M in FY2016, about 8% a year.

Who Did They Compete With?

Competes with JPMorgan Chase Bank, BMO Harris Bank, and Bank of America

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