SOURCE: Ziegler


July 26, 2011 16:00 ET

Ziegler Announces Second Quarter Financial Results

CHICAGO, IL--(Marketwire - Jul 26, 2011) - The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), a diversified financial services holding company, today released its financial results for the second quarter ending June 30, 2011.

"It's exciting to see our strategic plan come to life," commented Chief Executive Thomas R. Paprocki. "Last fall, we said we would deliver on three business development initiatives: (1) focus on our core underwriting strengths in the senior living, healthcare, religion, and education sectors, (2) grow our charter school finance, FHA/HUD, and corporate finance practices, and (3) expand institutional sales and trading and our private wealth management businesses. All of our strategic plan key initiatives played a role in the delivery of a solid second quarter."

In the three months ended June 30, 2011, total revenues for the quarter were $16,602,000 compared to $17,892,000 in the second quarter of 2010. Revenue results from prior year included Ziegler Capital Management, LLC, an entity previously consolidated on our books. In mid-year 2010, Ziegler sold a majority interest in this entity and now shares a pro rata portion of bottom-line profits. Net income for the second quarter of 2011 was $1,553,000 or 1.28 cents per basic and diluted share compared to a net income of $216,000 or 17 cents per basic and diluted share in the second quarter of 2010.

For the six months ended June 30, 2011, total revenues were $28,094,000 compared to $39,443,000 for the same period in 2010. Net income for the six-month period was $423,000 or 35 cents per basic and diluted share in 2011 compared to a net income of $870,000 or 68 cents per basic and diluted share for the same period in 2010. Tangible book value as of June 30, 2011 was $22.32, an increase from $21.84 at December 31, 2010.

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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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