ZIEGLER ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
Oct 25, 2011
OTC Disclosure News Service
Chicago, IL –
Chicago, Illinois – October 25, 2011 – The Ziegler Companies, Inc. a diversified financial services holding company, today released its financial results for the third quarter ending September 30, 2011.
In the three months ended September 30, 2011, total revenues for the quarter were $15,571,000 compared to $17,772,000 in the third quarter of 2010. Net income for the third quarter of 2011 was $153,000 or 13 cents per basic and diluted share compared to $189,000 or 15 cents per basic and diluted share in the third quarter of 2010.
For the nine months ended September 30, 2011, total revenues were $43,665,000 compared to $57,215,000 for the same period in 2010. Net income for the nine-month period was $576,000 or $.48 per basic and diluted share in 2011 compared to net income of $1,059,000 or $.83 per basic and diluted share for the same period in 2010. Tangible book value as of September 30, 2011 was $22.52, an increase from $21.84 at December 31, 2010.
Ziegler reset its strategic plan effective January 1, 2011. Thomas R. Paprocki, Ziegler’s chief executive, had this to say about the company’s third quarter results and its strategy, “We streamlined our business and are bringing together all elements of our strategy. Our third quarter results reflect a challenging economy and turbulent markets, offset by well-managed business operations. With our talented associates serving a broad client base, we’ll get the job done as we all adapt to new realities.”
For access to Ziegler’s press releases and financial statements as they are released, please visit 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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