Chicago, IL (PRWEB) February 04, 2014
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), a diversified financial services holding company, today released its financial results for the year ending December 31, 2013.
For the quarter ended December 31, 2013, total revenues were $26,674,000 compared to $31,633,000 in the fourth quarter of 2012. Net income for the fourth quarter of 2013 was $1,445,000 or $1.23 per basic and $1.21 per diluted share compared to a net income of $1,704,000 or $1.45 per basic and $1.44 per diluted share in the fourth quarter of 2012.
For the full year ended December 31, 2013, total revenues were $74,531,000 compared to $92,483,000 for the same period in 2012. Net income for the year was $1,817,000 or $1.54 per basic and $1.51 per diluted share in 2013 compared to net income of $3,595,000 or $3.02 per basic and $3.00 per diluted share for the same period in 2012.
Ziegler’s Chief Executive Officer, Thomas R. Paprocki, commented, “We finished 2013 on a high note. New bond issuance accelerated as municipal bond market volatility and bond fund outflows stabilized. Our advisory teams closed key M&A transactions and Wealth Management continued having a very productive year. Ziegler stayed focused and delivered a strong quarter, putting a positive cap on a year full of crosscurrents and challenges.”
Book value reached $28.50 per share, which was an increase from $27.03 per share on December 31, 2012. Tangible book value reached $27.01 per share, which was an increase from $25.70 per share on December 31, 2012. ROE was 5.70% for 2013.
For access to Ziegler’s press releases and financial statements as they are released, please visit http://www.Ziegler.com.
Since 1902, Ziegler has grown to become a full-service, specialty investment bank and broker-dealer. Ziegler provides its clients with capital raising, strategic advisory services, equity and fixed income sales & trading, wealth management, and research. Specializing in the healthcare, senior living, education, and religion sectors, Ziegler is committed to advancing the health, wealth and well-being of our clients.