Ziegler Announces Fourth Quarter Financial Results
February 07 2012 - 4:00PM
Marketwired
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), a diversified
financial services holding company, today released its financial
results for the year ending December 31, 2011.
For the quarter ended December 31, 2011, total revenues were
$23,914,000 compared to $20,339,000 in the fourth quarter of 2010.
Net income for the fourth quarter of 2011 was $941,000 or $.80 per
basic and diluted share compared to a net loss of $134,000 or $.11
cents per basic and diluted share in the fourth quarter of
2010.
For the full year ended December 31, 2011, total revenues were
$67,579,000 compared to $77,554,000 for the same period in 2010.
Net income for the year was $1,517,000 or $1.27 per basic and
diluted share in 2011 compared to net income of $925,000 or $.73
cents per basic and diluted share for the same period in 2010.
Year-over-year, book value increased by $1.56 per share, a 7%
increase, as a result of earnings and a decrease in outstanding
shares. Tangible book value reached $22.99 per share, which was an
increase from $21.51 per share on December 31, 2010.
Ziegler's Chief Executive Officer, Thomas R. Paprocki,
commented, "We are one year in to our three-year strategic plan.
Quantitatively, I am pleased with our reported increase in profits
and tangible book value. Qualitatively, all business units are
contributing and our firm is operating efficiently. We will
continue to 'stay the course' of our plan -- focused and energized
and looking forward to 2012."
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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