Ziegler Announces Third Quarter Financial Results
November 06 2012 - 4:14PM
OTC Markets
CHICAGO, ILLINOIS – November 6, 2012
–
The Ziegler Companies, Inc. a diversified financial services
holding company released its financial results for the third
quarter ending September 30, 2012.
In the three months ended September 30, 2012, total revenues for
the quarter were $23,754,000 compared to $15,571,000 in the third
quarter of 2011. Net
income for the third quarter of 2012 was $1,121,000 or 93 cents per
basic and diluted share compared to $153,000 or 13 cents per basic
and diluted share in the third quarter of 2011.
For the nine months ended September 30, 2012, total revenues were
$60,850,000 compared to $43,665,000 for the same period in 2011.
Net income for the
nine-month period was $1,891,000 or $1.58 per basic and diluted
share in 2012 compared to net income of $576,000 or $.48 per basic
and diluted share for the same period in 2011. Tangible book value as of
September 30, 2012 was $24.08, an increase from $22.99 at December
31, 2011. Full book
value went from $23.85 to $25.48 in the same period.
Ziegler’s Chief Executive Officer, Thomas R. Paprocki, commented,
“All of our businesses, including investment banking, capital
markets, and wealth management, have contributed to a successful
quarter and a successful year thus far for Ziegler. Led by our debt
underwriting and placement activities, borrowers are enjoying
all-time low interest rates while investors continue the search for
yield. Meanwhile, Ziegler associates continue to execute against
our focused yet opportunistic strategic plan.”
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.
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