The Ziegler Companies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
November 05, 2013
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The Ziegler Companies, Inc. reported earnings results for the third quarter and nine months ended 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 $0.31 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.
The Ziegler Companies, Inc. (Ziegler) is an investment banking company that provides credit structures and advisory services. The Company serves institutional and individual investors, and small businesses through its wealth management and capital markets distribution channels. Its products and services include Investment Banking, Corporate Finance, MERGERS & ACQUISITIONS, FHA/HUD, Capital Markets, Wealth Management, General Municipal & Structured Finance, and Research. The Company caters to specialty sectors of healthcare, senior living, religion, and education, as well as general municipal and structured finance. The Company's Corporate Finance is focused on delivering advisory and financing solutions for companies and organizations across the healthcare industry. The Company's MERGERS & ACQUISITIONS include Sell-side Advisory and Buy-side Advisory. The Company focuses on general municipal and structured finance.