“Bringing expert advice and superior execution on behalf of our clients is a Ziegler trademark and it continues to serve us well.” Tom Paprocki, CEO Ziegler
Chicago, IL (PRWEB) July 31, 2012
The Ziegler Companies, Inc., a diversified financial services holding company, today released its financial results for the second quarter ending June 30, 2012.
In the three months ended June 30, 2012, total revenues for the quarter were $18,641,000 compared to $16,602,000 in the second quarter of 2011. Net income for the second quarter of 2012 was $485,000 or 40 cents per basic and diluted share compared to a net income of $1,553,000 or 1.28 per basic and diluted share in the second quarter of 2011.
For the six months ended June 30, 2012, total revenues were $37,096,000 compared to $28,094,000 for the same period in 2011. Net income for the six-month period was $770,000 or 65 cents per basic and diluted share in 2012 compared to a net income of $423,000 or 35 cents per basic and diluted share for the same period in 2011. Tangible book value as of June 30, 2012 was $23.04, an increase from $22.99 at December 31, 2011. Full book value went from $23.85 to $24.48 in the same period.
“The persisting low levels of interest rates led to quite a large refinancing wave that was key to our first-half results. Revenues and net income both up… that’s a good feeling. But, we remain acutely aware of the uncertainty in the air, especially for the financial services sector,” commented Ziegler’s CEO, Tom Paprocki. “Bringing expert advice and superior execution on behalf of our clients is a Ziegler trademark and it continues to serve us well.”
For access to Ziegler’s press releases and financial statements as they are released, please visit http://www.Ziegler.com.
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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