SOURCE: Ziegler


February 01, 2011 16:18 ET

Ziegler Announces Fourth Quarter Financial Results

CHICAGO, IL--(Marketwire - February 1, 2011) - The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), a diversified financial services holding company, today released its financial results for the year ending December 31, 2010.

"Doubling our prior year's net income and the resulting increase in book value are financial successes I am proud of... nicely done, team Ziegler," commented, Thomas R. Paprocki, CEO of The Ziegler Companies, Inc. "Slow economic growth and a cautious risk appetite by borrowers and investors alike offer both opportunities and challenges for our specialty investment bank; I believe we capitalized on both."

For the quarter ended December 31, 2010, total revenues were $22,460,000 compared to $33,195,000 in the fourth quarter of 2009. Net income for the fourth quarter of 2010 was $386,000 or $.31 per basic and diluted share compared to a net income of $2,317,000 or $1.80 per basic and diluted share in the fourth quarter of 2009.

For the full year ended December 31, 2010, total revenues were $78,306,000 compared to $88,748,000 for the same period in 2009. Net income for the year was $1,735,000 or $1.37 per basic and diluted share in 2010 compared to net income of $779,000 or 60 cents per basic and diluted share for the same period in 2009. Year over year, book value increased by $1.22 per share as a result of earnings offset by fair value adjustments to proprietary investment positions that were charged directly to owners' equity in accordance with generally accepted accounting principles. Tangible book value reached $22.17 per share, which was up from $18.95 per share on December 31, 2009.

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About Ziegler:
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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