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Exhibit 12

PrivateBancorp, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

 

	Year Ended December 31,
	2015				2014				2013				2012				2011
Earnings:
Income before income taxes	$	296,400			$	248,207			$	199,943			$	132,417			$	70,200
Fixed charges, excluding interest on deposits	20,691				27,699				30,462				24,289				23,947
Earnings before fixed charges, excluding interest on deposits	317,091				275,906				230,405				156,706				94,147
Interest on deposits	47,106				41,951				40,713				42,814				50,072
Earnings before fixed charges, including interest on deposits	$	364,197			$	317,857			$	271,118			$	199,520			$	144,219
Fixed Charges:
Interest expense, excluding interest on deposits	$	20,691			$	27,699			$	30,462			$	24,289			$	23,947
Interest on deposits	47,106				41,951				40,713				42,814				50,072
Total fixed charges, including interest on deposits	$	67,797			$	69,650			$	71,175			$	67,103			$	74,019
Fixed Charges and Preferred Stock Dividends:
Interest expense, excluding interest on deposits	$	20,691			$	27,699			$	30,462			$	24,289			$	23,947
Preferred stock dividends	—				—				—				13,368				13,690
Total fixed charges and preferred stock dividends, excluding interest on deposits	20,691				27,699				30,462				37,657				37,637
Interest on deposits	47,106				41,951				40,713				42,814				50,072
Total fixed charges and preferred stock dividends, including interest on deposits	$	67,797			$	69,650			$	71,175			$	80,471			$	87,709
Ratio of Earnings to Fixed Charges:
Excluding interest on deposits	15.33			x	9.96			x	7.56			x	6.45			x	3.93			x
Including interest on deposits	5.37			x	4.56			x	3.81			x	2.97			x	1.95			x
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends:
Excluding interest on deposits	15.33			x	9.96			x	7.56			x	4.16			x	2.50			x
Including interest on deposits	5.37			x	4.56			x	3.81			x	2.48			x	1.64			x