The PrivateBank

Financial Services asset management banks investment management lending mortgages

The PrivateBank delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs, and families in all of the markets and communities it serves. The Company provides middle market commercial banking, personal and small business banking, private banking and investment management services.

The PrivateBank was acquired by Canadian Imperial Bank of Commerce on June 23, 2017

Type

Subsidiary

Parent Company

Canadian Imperial Bank of Commerce

Chicago, US

Founded

1991

Website

theprivatebank.com

The PrivateBank was founded in 1991 and is headquartered in Chicago, US

The PrivateBank Office Locations

The PrivateBank has an office in Chicago

Chicago, US (HQ)

120 S La Salle St

The PrivateBank Data and Metrics

The PrivateBank Summary

Founding Date	1991

The PrivateBank is a subsidiary of Canadian Imperial Bank of Commerce

The PrivateBank Financial Metrics

The PrivateBank's revenue was reported to be $224.2 m in Q1, 2017

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	492.2 m	524.4 m	582.2 m	665 m
Revenue growth, %		7%	11%	14%
Cost of goods sold			67.8 m	82.6 m
Gross profit			514.4 m	582.4 m
Gross profit Margin, %			88%	88%
Sales and marketing expense				17.5 m
Operating expense total			333.2 m	372.5 m
EBIT	199.9 m	248.2 m	296.4 m	582.4 m
EBIT margin, %	41%	47%	51%	88%
Pre tax profit			296.4 m	324 m
Income tax expense			111.1 m	115.6 m
Net Income	122.9 m	153.1 m	185.3 m	208.4 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue				174.5 m	178.9 m	191.7 m	199.3 m	204.5 m	224.2 m
Cost of goods sold				16.9 m	16.9 m	18.6 m	20.1 m	21.4 m	25.8 m
Gross profit				157.7 m	162 m	173.1 m	179.1 m	183.1 m	198.3 m
Gross profit Margin, %				90%	91%	90%	90%	90%	88%
Sales and marketing expense				4.7 m	3.7 m	4.4 m	3.9 m	4.6 m	4.8 m
Operating expense total				4.7 m	3.7 m	4.4 m	3.9 m	4.6 m	4.8 m
EBIT				124.6 m	131.2 m	139.5 m	142 m	145.5 m	161 m
EBIT margin, %				71%	73%	73%	71%	71%	72%
Pre tax profit				73.7 m	72.6 m	76.2 m	79.4 m	75.5 m	79.5 m
Income tax expense	(4.4 m)	2.8 m	(3.1 m)	27.2 m	27.4 m	26.7 m	29 m	26.6 m	21.5 m
Net Income	40.8 m	40.5 m	41.5 m	46.4 m	45.3 m	49.6 m	50.4 m	48.9 m	58 m

Balance Sheet

Annual

USD	FY, 2015	FY, 2016
Cash	145.1 m	161.2 m
Accounts Receivable	45.5 m	58 m
Goodwill	94 m	94 m
Total Assets	17.3 b	20.1 b
Accounts Payable	7.1 m	16.1 b
Total Debt	1.1 b	1.9 b
Total Liabilities		18.1 b
Common Stock		79.3 m
Additional Paid-in Capital	1.1 b	1.1 b
Retained Earnings	531.7 m	736.8 m
Total Equity	1.7 b	1.9 b
Debt to Equity Ratio	0.6 x	1 x
Debt to Assets Ratio	0.1 x	0.1 x
Financial Leverage	10.2 x	10.4 x

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	186 m	145.5 m	133 m	155.3 m	166.6 m	166 m
Goodwill	94 m	94 m	94 m	94 m	94 m	94 m
Total Assets	16.2 b	16.9 b	17.7 b	18.2 b	19.1 b	20.4 b
Accounts Payable	13.4 b	13.9 b	14.5 b	14.6 b	15.5 b	16.7 b
Common Stock	78 m	78.2 m	78.9 m	78.9 m	79.1 m	79.8 m
Additional Paid-in Capital	1.1 b	1.1 b	1.1 b	1.1 b	1.1 b	1.1 b
Retained Earnings	435.9 m	480.3 m	580.4 m	630 m	678.1 m	793.9 m
Total Equity	1.6 b	1.6 b	1.8 b	1.8 b	1.9 b	2 b
Financial Leverage	10.2 x	10.3 x	10 x	9.9 x	10.1 x	10.2 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	122.9 m	153.1 m	185.3 m	208.4 m
Accounts Receivable	37 m	40.5 m
Accounts Payable	6.3 m	6.9 m
Cash From Operating Activities	(501.4 m)	(15.5 m)	262.3 m	343.4 m
Cash From Investing Activities			(1.7 b)	(2.5 b)
Dividends Paid			(3.2 m)	(3.2 m)
Cash From Financing Activities			1.4 b	2.5 b
Interest Paid			67.7 m	80.6 m
Income Taxes Paid			107.5 m	120.3 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	40.8 m	40.5 m	41.5 m	46.4 m	45.3 m	49.6 m	50.4 m	48.9 m	58 m
Accounts Receivable	36.6 m	39.7 m	41.2 m
Accounts Payable	6.3 m	7 m	7 m
Cash From Operating Activities						112.6 m			146.5 m
Cash From Investing Activities						(370.8 m)			(686.7 m)
Dividends Paid						(809 k)			(823 k)
Cash From Financing Activities						345 m			293.4 m
Interest Paid						19 m			25.3 m
Income Taxes Paid						3.3 m			619 k

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The PrivateBank

The PrivateBank Office Locations

The PrivateBank Data and Metrics

The PrivateBank Summary

Founding Date

The PrivateBank Financial Metrics

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

Sales and marketing expense

Operating expense total

EBIT

EBIT margin, %

Pre tax profit

Income tax expense

Net Income

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

Sales and marketing expense

Operating expense total

EBIT

EBIT margin, %

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Accounts Receivable

Goodwill

Total Assets

Accounts Payable

Total Debt

Total Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Debt to Equity Ratio

Debt to Assets Ratio

Financial Leverage

Cash

Goodwill

Total Assets

Accounts Payable

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Accounts Receivable

Accounts Payable

Cash From Operating Activities

Cash From Investing Activities

Dividends Paid

Cash From Financing Activities

Interest Paid

Income Taxes Paid

Net Income

Accounts Receivable

Accounts Payable

Cash From Operating Activities

Cash From Investing Activities

Dividends Paid

Cash From Financing Activities

Interest Paid

Income Taxes Paid

Competitors

The PrivateBank Online and Social Media Presence

The PrivateBank Company Life and Culture

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