The PrivateBank

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
HQ
Chicago, US
Founded
1991
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
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The PrivateBank Financials and Metrics

Summary Metrics

Founding Date

1991
The PrivateBank is a subsidiary of Canadian Imperial Bank of Commerce (CIBC)

The PrivateBank Financials

The PrivateBank's revenue was reported to be $665 m in FY, 2016
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

492.2 m524.4 m582.2 m665 m

Revenue growth, %

7%11%14%

Cost of goods sold

67.8 m82.6 m

Gross profit

514.4 m582.4 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

174.5 m178.9 m191.7 m199.3 m204.5 m224.2 m

Cost of goods sold

16.9 m16.9 m18.6 m20.1 m21.4 m25.8 m

Gross profit

157.7 m162 m173.1 m179.1 m183.1 m198.3 m

Gross profit Margin, %

90%91%90%90%90%88%
USDFY, 2015FY, 2016

Cash

145.1 m161.2 m

Accounts Receivable

45.5 m58 m

Goodwill

94 m94 m

Total Assets

17.3 b20.1 b
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

186 m145.5 m133 m155.3 m166.6 m166 m

Goodwill

94 m94 m94 m94 m94 m94 m

Total Assets

16.2 b16.9 b17.7 b18.2 b19.1 b20.4 b

Accounts Payable

13.4 b13.9 b14.5 b14.6 b15.5 b16.7 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

122.9 m153.1 m185.3 m208.4 m

Accounts Receivable

37 m40.5 m

Accounts Payable

6.3 m6.9 m

Cash From Operating Activities

(501.4 m)(15.5 m)262.3 m343.4 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

40.8 m40.5 m41.5 m46.4 m45.3 m49.6 m50.4 m48.9 m58 m

Accounts Receivable

35.8 m39.3 m36.6 m39.7 m41.2 m

Accounts Payable

6 m6.3 m6.3 m7 m7 m

Cash From Operating Activities

112.6 m146.5 m
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The PrivateBank Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Total Loans Issued

$11.89 b$13.27 b$13.29 b$13.87 b$14.47 b$15.06 b$15.4 b

Non-performing Loans

$67.54 m$87.37 m$65.42 m$59.07 m$53.75 m$87.37 m$65.42 m$59.07 m$83.69 m$85.04 m

Bank Branches

343536

Assets Under Management

$6.65 b$7.33 b$7.46 b$7.16 b$7.29 b$9.62 b$10.69 b$10.05 b$9.67 b$9.79 b
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The PrivateBank Revenue Breakdown

The PrivateBank's Web-traffic and Trends

The PrivateBank Online and Social Media Presence

The PrivateBank Company Life and Culture

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