Following a modestly profitable quarter, our year-to-date results have been affected by unstable market conditions and the FED’s taper announcement.
Chicago, IL (PRWEB) November 05, 2013
The Ziegler Companies, Inc. a diversified financial services holding company released its financial results for the third quarter ending September 30, 2013.
In the three months ended September 30, 2013, total revenues for the quarter were $16,023,000 compared to $23,754,000 in the third quarter of 2012. Net income for the third quarter of 2013 was $197,000 or 17 cents per basic and 16 cents per diluted share compared to $1,121,000 or 93 cents per basic and diluted share in the third quarter of 2012.
For the nine months ended September 30, 2013, total revenues were $47,857,000 compared to $60,850,000 for the same period in 2012. Net income for the nine-month period was $372,000 or $.31 per basic and diluted share in 2013 compared to net income of $1,891,000 or $1.58 per basic and diluted share for the same period in 2012. Tangible book value as of September 30, 2013 was $25.82, an increase from $25.70 at December 31, 2012. Full book value went from $27.03 to $27.29 in the same period.
Ziegler’s Chief Executive Officer, Thomas R. Paprocki, stated, “Following a modestly profitable quarter, our year-to-date results have been affected by unstable market conditions and the FED’s taper announcement.” Paprocki continued, “While our wealth management and capital markets businesses are performing well, our investment banking professionals are waiting for the right opportunity to bring our clients’ transactions to market. In this complex environment, we are navigating with our clients’ best interests in mind.”
For access to Ziegler’s press releases and financial statements as they are released, please visit http://www.Ziegler.com.