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
Parent Company
Canadian Imperial Bank of Commerce
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

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
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

Gross profit Margin, %

88%88%

Sales and marketing expense

17.5 m

Operating expense total

333.2 m372.5 m

EBIT

199.9 m248.2 m296.4 m582.4 m

EBIT margin, %

41%47%51%88%

Pre tax profit

296.4 m324 m

Income tax expense

111.1 m115.6 m

Net Income

122.9 m153.1 m185.3 m208.4 m
USDQ2, 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%

Sales and marketing expense

4.7 m3.7 m4.4 m3.9 m4.6 m4.8 m

Operating expense total

4.7 m3.7 m4.4 m3.9 m4.6 m4.8 m

EBIT

124.6 m131.2 m139.5 m142 m145.5 m161 m

EBIT margin, %

71%73%73%71%71%72%

Pre tax profit

73.7 m72.6 m76.2 m79.4 m75.5 m79.5 m

Income tax expense

(4.4 m)2.8 m(3.1 m)27.2 m27.4 m26.7 m29 m26.6 m21.5 m

Net Income

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

Accounts Payable

7.1 m16.1 b

Total Debt

1.1 b1.9 b

Total Liabilities

18.1 b

Common Stock

79.3 m

Additional Paid-in Capital

1.1 b1.1 b

Retained Earnings

531.7 m736.8 m

Total Equity

1.7 b1.9 b

Debt to Equity Ratio

0.6 x1 x

Debt to Assets Ratio

0.1 x0.1 x

Financial Leverage

10.2 x10.4 x
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

Common Stock

78 m78.2 m78.9 m78.9 m79.1 m79.8 m

Additional Paid-in Capital

1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b

Retained Earnings

435.9 m480.3 m580.4 m630 m678.1 m793.9 m

Total Equity

1.6 b1.6 b1.8 b1.8 b1.9 b2 b

Financial Leverage

10.2 x10.3 x10 x9.9 x10.1 x10.2 x
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

Cash From Investing Activities

(1.7 b)(2.5 b)

Dividends Paid

(3.2 m)(3.2 m)

Cash From Financing Activities

1.4 b2.5 b

Interest Paid

67.7 m80.6 m

Income Taxes Paid

107.5 m120.3 m
USDQ2, 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

36.6 m39.7 m41.2 m

Accounts Payable

6.3 m7 m7 m

Cash From Operating Activities

112.6 m146.5 m

Cash From Investing Activities

(370.8 m)(686.7 m)

Dividends Paid

(809 k)(823 k)

Cash From Financing Activities

345 m293.4 m

Interest Paid

19 m25.3 m

Income Taxes Paid

3.3 m619 k

The PrivateBank Online and Social Media Presence

The PrivateBank Company Life and Culture

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