On July 23, PrivateBancorp
- Total revenue and net interest income both increased for the quarter. However, net interest margin decreased by 36 basis points.
- The efficiency ratio increased to 58.10%, mainly because of a rise in the company's operating expenses coupled with the modest increase in net interest income.
- Non-interest expenses increased 23%, mainly because of a surge in expenses connected with increased salary expenses, new hires, and higher occupancy costs.
- The company declared a dividend of $0.075 per share, an increase of 25% over the dividend paid in the previous year's quarter.
- PrivateBancorp carries a one-star (out of a potential five) Motley Fool CAPS rating. Competitors Northern Trust
(NASDAQ:NTRS) and Wintrust Financial(NASDAQ:WTFC) carry a two- and a one-star rating, respectively.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Total Revenue |
$36,112 |
$34,110 |
5.9% |
Net Interest Income |
$32,111 |
$29,862 |
7.5% |
Net Profit |
$ 8,751 |
$10,013 |
(12.6%) |
EPS |
$0.40 |
$ 0.47 |
(14.9%) |
Get back to basics with a look at the income statement.
Ratio Checkup
Q2 2007 |
Q2 2006 |
Change* |
|
---|---|---|---|
Net Interest Margin |
3.19% |
3.55% |
(0.36%) |
Efficiency Ratio |
58.10% |
50.30% |
7.80% |
Nonperforming Assets / Assets |
0.70% |
0.09% |
0.61% |
Return on Average Assets |
0.80% |
1.10% |
(0.30%) |
Return on Average Equity |
11.66% |
16.65% |
(4.99%) |
Find out more about bank performance ratios.
Balance Sheet Highlights
Assets |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Investments |
$515,526 |
$501,297 |
2.8% |
Loans |
$3,726,244 |
$2,962,469 |
25.8% |
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Deposits |
$3,638,545 |
$3,125,774 |
16.4% |
Total Liabilities |
$4,179,901 |
$3,401,467 |
22.9% |
Learn about bank assets and bank liabilities.
Related Foolishness:
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