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BANDO McGLOCKLIN REPORTS SECOND-QUARTER RESULTS

 BANDO McGLOCKLIN REPORTS SECOND-QUARTER RESULTS
 BROOKFIELD, Wis., Feb. 3 /PRNewswire/ -- Bando McGlocklin Capital


Corporation (NASDAQ: BMCC) today reported continued growth in loans and net operating income during the second quarter ended Dec. 31, 1991.
 Total loans for business development rose to $83,403,897, up 9.4 percent from $76,262,826 from the same period a year earlier.
 Total operating income for the second quarter was $2,195,807, a decline of 14.6 percent from the comparable period a year ago when total operating income reached $2,570,521. The decline in total operating income was primarily a result of the decline in interest rates. Net operating income rose 23.5 percent to $600,708, compared to $486,568 during the second quarter of fiscal 1991.
 Net income per share for the second quarter rose to 22 cents, based on 2,727,405 weighted average shares outstanding, compared to 20 cents on 2,432,840 weighted average shares outstanding during the same quarter in 1990, an increase of 10 percent.
 For the six months ended Dec. 31, 1991, total operating income declined to $4,571,184, a 10.1-percent decrease from a year earlier of $5,085,365. Net operating income for the first half of the fiscal year soared to $1,275,323, compared to $895,809 during the same period a year ago, a 42.4-percent increase.
 Net operating income per share rose 17.5 percent to 47 cents per share, compared with just 40 cents per share during the same period a year ago.
 During the second quarter, the company's Indianapolis office was temporarily closed. All loan accounts will be managed by the Brookfield office.
 On Dec. 23, 1991, it was announced that the board of directors declared a regular quarterly cash dividend equal to 22 cents per share, payable on Jan. 31, 1992, to shareholders of record on Dec. 31, 1991.
 BANDO MCGLOCKLIN CAPITAL CORPORATION
 CONDENSED COMPARATIVE FINANCIAL DATA
 As of Dec. 31 1991 1990
 Total loans $83,403,897 $76,262,826
 Total assets 91,348,620 86,078,184
 Three months ended Dec. 31
 Total operating income 2,195,807 2,570,521
 Interest expense 1,302,982 1,753,778
 Other operating expenses 292,116
 Net operating income per share .22 .20
 Weighted shares outstanding 2,727,405 2,432,840
 In announcing the second-quarter results, Chairman and Chief Executive Officer George R. Schonath said: "I expect to increase current levels of profitability in the next six months despite the extended recession and lower interest rates."
 Total return on investment for 1991 was 37.77 percent. Since September 1980 through Dec. 31, 1991, the total annual compounded rate of return on investment was 26.32 percent, assuming participation in the firm's dividend reinvestment plan.
 Founded in 1980, Bando McGlocklin Capital Corporation provides long- term secured loans to finance the growth and development of small businesses, and is a Federal Licensee under the Small Business Investment Act of 1958.
 -0- 2/3/92
 /CONTACT: Cynthia Garland of Garland Public Relations, 617-522-7708 or 414-964-0126, for Bando McGlocklin/
 (BMCC) CO: Bando McGlocklin Capital Corporation ST: Wisconsin IN: FIN SU: ERN


ML -- DE003 -- 6038 02/03/92 09:35 EST
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Publication:PR Newswire
Date:Feb 3, 1992
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