Ziegler Announces Third Quarter Financial Results
October 25 2011 - 4:00PM
Marketwired
The Ziegler Companies, Inc. a diversified financial services
holding company, today released its financial results for the third
quarter ending September 30, 2011.
In the three months ended September 30, 2011, total revenues for
the quarter were $15,571,000 compared to $17,772,000 in the third
quarter of 2010. Net income for the third quarter of 2011 was
$153,000 or 13 cents per basic and diluted share compared to
$189,000 or 15 cents per basic and diluted share in the third
quarter of 2010.
For the nine months ended September 30, 2011, total revenues
were $43,665,000 compared to $57,215,000 for the same period in
2010. Net income for the nine-month period was $576,000 or $.48 per
basic and diluted share in 2011 compared to net income of
$1,059,000 or $.83 per basic and diluted share for the same period
in 2010. Tangible book value as of September 30, 2011 was $22.52,
an increase from $21.84 at December 31, 2010.
Ziegler reset its strategic plan effective January 1, 2011.
Thomas R. Paprocki, Ziegler's chief executive, had this to say
about the company's third quarter results and its strategy, "We
streamlined our business and are bringing together all elements of
our strategy. Our third quarter results reflect a challenging
economy and turbulent markets, offset by well-managed business
operations. With our talented associates serving a broad client
base, we'll get the job done as we all adapt to new realities."
For access to Ziegler's press releases and financial statements
as they are released, please visit www.Ziegler.com.
About Ziegler:
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) together with its
affiliates (Ziegler) is a specialty investment bank with unique
expertise in complex credit structures and advisory services.
Headquartered in Chicago with regional and branch offices
throughout the U.S., Ziegler creates tailored financial solutions
for our clientele. Ziegler is ranked nationally as one of the
leading investment banking firms in our specialty sectors of
healthcare, senior living, religion, and education finance as well
as corporate finance and FHA/HUD. Ziegler serves institutional and
individual investors through our capital markets and full-service
wealth management professionals.
Certain comments in this news release represent forward-looking
statements made pursuant to the provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements are subject to a number of risks and uncertainties, in
particular, the overall financial health of the securities
industry, the strength of the healthcare sector of the U.S. economy
and the municipal securities marketplace, the ability of the
Company to underwrite and distribute securities, the market value
of mutual fund portfolios and separate account portfolios advised
by the Company, the volume of sales by its retail brokers, the
outcome of pending litigation, and the ability to attract and
retain qualified employees.
Gary Engle 312 596 1622 Email Contact
Ziegler Companies (CE) (USOTC:ZGCO)
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