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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
October 28
PrivateBancorp Inc. in Chicago returned to the black in the third quarter.
The $12.5 billion-asset company reported Tuesday that it earned $4.5 million, compared with a loss of $818,000 in the second quarter and a loss of $31.2 million a year earlier. On a per-share basis, PrivateBancorp earned 6 cents, beating analysts' consensus estimate for a loss of 3 cents a share.
The results were affected by a securities gain of $3 million. Yet PrivateBancorp benefited from a loan-loss provision of $41.4 million, down 54% from a year earlier.
Despite the reduction in credit costs, PrivateBancorp's nonperforming assets continued to swell, totaling $462 million, up 16% from a year earlier and 5% from the second quarter. PrivateBancorp also reported a lower interest expense of $25.6 million, down 31% from a year earlier.
