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BANDO McGLOCKLIN REPORTS THIRD-QUARTER RESULTS

 BANDO McGLOCKLIN REPORTS THIRD-QUARTER RESULTS /NOTE TO EDITORS: The following is a retransmission of Bando McGlocklin


Results, with information including tabular data that was missing from
 the original release/
 BROOKFIELD, Wis., April 29 /PRNewswire/ -- Bando McGlocklin Capital Corporation (NASDAQ-NMS: BMCC) today reported continued growth in loans and net operating income during the third quarter ended March 31, 1992.
 Total loans for business development rose to $83,602,858, a 7.1-percent increase over the $78,082,798 from the same period a year earlier.
 Total operating income for the third quarter was $1,959,418, a decline of 17.5 percent from the comparable period a year ago when total operating income reached $2,376,165. Net operating income climbed 26.3 percent to $605,398, compared to $479,418 during the same quarter of fiscal 1991.
 "The continued decline in total operating income is directly attributable to the decline in interest rates; however, net operating income continues to benefit from an increase in the spread between total operating income and our cost of funds," according to Chairman and Chief Executive Officer George R. Schonath.
 Net income per share for the quarter rose to 22.1 cents based on 2,744,253 weighted average shares outstanding, compared to 17.8 cents on 2,694,253 weighted shares outstanding during the same quarter in 1991, an increase of 24.2 percent.
 For the nine months ended March 31, 1992, total operating income declined to $6,530,602, a 12.5-percent decrease from a year earlier of $7,461,530. Net operating income for the first nine months of the fiscal year soared 36.8 percent to $1,880,721, compared to $1,375,227 during the same period a year ago.
 Net operating income per share rose 19.6 percent to 69.1 cents per share, compared with just 57.8 cents per share during the same period a year earlier.
 The board of directors declared a regular quarterly cash dividend equal to 22 cents per share payable on May 15, 1992, to shareholders of record on May 5, 1992. The board also approved the appointment of Gerald M. Thorne as a director.
 BANDO McGLOCKLIN CORPORATION
 CONDENSED COMPARATIVE FINANCIAL DATA
 As of March 31, 1992 1991
 Total loans $83,602,858 $78,082,798
 Total assets 88,045,465 87,746,883
 Three months ending March 31,
 Total operating income 1,959,418 2,376,165
 Interest expense 1,109,483 1,583,382
 Other operating expenses 244,537 313,365
 Total operating expenses 1,354,020 1,896,747
 Net operating income 605,398 479,418
 Net operating income per share .221 .178
 Weighted shares outstanding 2,744,253 2,694,253
 Total return on investment for the 12-month period ended March 31, 1992, was 42.09 percent. Since September 1980 through March 31, 1992, the total annual compounded rate of return on investment was 26.51 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- 4/29/92
 /CONTACT: Cynthia Garland of Garland Public Relations, 617-522-7708, or 414-964-0126, for Bando McGlocklin Capital Corporation/
 (BMCC) CO: Bando McGlocklin Capital Corporation ST: Wisconsin IN: FIN SU: ERN


KK -- DE007A -- 4283 04/29/92 10:39 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
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