What is PrivateBancorp Net Charge Offs to Average Loans %?
Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.
PrivateBancorp's Net Charge Offs to Average Loans % for the quarter that ended in Mar. 2017 was -0.01%
, which is lower than
0.02% for the pervious quarter ended in Dec. 2016.
PrivateBancorp's Net Charge Offs to Average Loans % for the annual that ended in Dec. 2016 was 0.02%
, which is higher than
0.00% for the pervious year ended in . 20.
The historical rank and industry rank for PrivateBancorp's Net Charge Offs to Average Loans % or its related term are showing as below:
PVTB's Net Charge Offs to Average Loans % is not ranked *
in the Banks industry.
Industry Median: * Ranked among companies with meaningful Net Charge Offs to Average Loans % only.
PrivateBancorp Net Charge Offs to Average Loans % Historical Data
The historical data trend for PrivateBancorp's Net Charge Offs to Average Loans % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
PrivateBancorp Net Charge Offs to Average Loans % Chart
PrivateBancorp (NAS:PVTB) Net Charge Offs to Average Loans % Calculation
Net Charge Offs to Average Loans % is calculated as
Net Charge Offs to Average Loans %
=
Net Charge-offs
/
Average Total Loans
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PrivateBancorp (NAS:PVTB) Net Charge Offs to Average Loans % Explanation
A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.
Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.
PrivateBancorp Net Charge Offs to Average Loans % Related Terms
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PrivateBancorp (PrivateBancorp) Business Description
PrivateBancorp provides financial services to wealthy individuals and their families. It operates seven offices in the Chicago area, and one in St. Louis, Missouri. Services include checking, savings, and money market accounts, as well as residential and commercial loans. PrivateBancorp also provides estate planning and trust administration, brokerage accounts, and retirement planning. The company offers investment counsel through its Lodestar subsidiary, in which it has an 80% stake.
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