Our second quarter earnings performance was strong, with our capital markets division leading the charge. Even with equity prices at all-time highs and interest rates poised to rise, our wealth management division stayed the course...
Chicago, IL (PRWEB) July 29, 2014
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), a diversified financial services holding company, today released its financial results for the second quarter ending June 30, 2014.
In the three months ending June 30, 2014, total revenues for the quarter were $17,898,000 compared to $18,664,000 in the second quarter of 2013. Net income for the second quarter of 2014 was $292,000 or $0.25 per basic and diluted share compared to a net income of $1,297,000 or $1.08 per basic and $1.07 per diluted share in the second quarter of 2013.
For the six months ending June 30, 2014, total revenues were $36,510,000 compared to $31,834,000 for the same period in 2013. Net income for the six-month period was $651,000 or $0.56 per basic and $0.55 per diluted share in 2014 compared to a net income of $175,000 or $0.15 per basic and diluted share for the same period in 2013. Book value as of June 30, 2014 was $28.80 per share, compared to $28.50 per share as of December 31, 2013. Tangible book value as of June 30, 2014 was $27.43 per share, compared to $27.01 per share at December 31, 2013.
Ziegler’s Chief Executive Officer, Thomas R. Paprocki, commented “Our second quarter earnings performance was strong, with our capital markets division leading the charge. Even with equity prices at all-time highs and interest rates poised to rise, our wealth management division stayed the course and had a strong second quarter as well.” Paprocki continued, “Investment banking and corporate finance have robust pipelines that are set to close at year-end, thus giving Ziegler a great outlook for 2014.”
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. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion, and education, as well as general municipal and structured finance. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, corporate finance, FHA/HUD, strategic advisory services and research. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.
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