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ZIEGLER ANNOUNCES SECOND QUARTER RESULTS

 WEST BEND, Wis., July 16 /PRNewswire/ -- The Ziegler Companies, Inc. (AMEX: ZCO), a financial services holding company, today released its unaudited financial results for the second quarter ended June 30, 1993.
 Total revenues for the three months ended June 30, 1993, were $13,297,000 compared to $12,433,000 in the second quarter of 1992. Net income for the quarter was $1,167,000 compared to $1,313,000 in the second quarter of 1992. Earnings per share were flat at 49 cents in both the second quarters of 1992 and 1993, based on fewer average shares outstanding
 For the six months ended June 30, 1993, total revenue and net income were $24,563,000 and $1,849,000, respectively, compared to $23,278,000 and $1,993,000 in 1992. Earnings per share in the first six months of 1993 were 78 cents versus 75 cents in the same period a year ago.
 Peter D. Ziegler, president and chief executive officer, said, "Results at B.C. Ziegler and Company were much improved over the first quarter of this year. Underwriting volume in our corporate finance division was strong in the quarter and included the underwriting of our largest single church issue ever. Underwriting results in the public finance sector of Ziegler Securities Division trailed those of 1992. B.C. Ziegler and Company retail sales were extremely strong in the second quarter, because they benefited from the availability of underwritten product and reinvestment proceeds of called bonds. Retail volume appears to have slowed as we enter the third quarter."
 Ziegler said Ziegler Thrift Trading, Inc. had another fine quarter with earnings in the quarter up over last year. Ziegler Leasing Corporation's net income improved over the second quarter of 1992; however, the acquisition of new leases is down as intense competition makes it difficult to achieve an acceptable return on capital.
 Assets under the management of Ziegler Asset Management, Inc. increased another $50,000,000 in the quarter, to $350,000,000. This produced continued growth in earnings in this subsidiary. Ziegler Asset Management, Inc. continues to add portfolio management and marketing staff to support the anticipated growth in this subsidiary. Waste Research and Reclamation Co., Inc. income was ahead of last year.
 Book value per share at June 30, 1993, was $20.64.
 The Ziegler Companies, Inc. is a financial services holding company headquartered in West Bend, Wis. It owns eight subsidiary companies: B.C. Ziegler and Company; Ziegler Leasing Corporation; Ziegler Thrift Trading, Inc.; Ziegler Asset Management, Inc.; Ziegler Collateralized Securities, Inc.; Ziegler Financing Corporation; First Church Financing Corporation; and Waste Research and Reclamation Company, Inc. Ziegler stock is traded on the American Stock Exchange under the symbol ZCO.
 CONSOLIDATED STATEMENTS OF EARNINGS
 Three Months Ended June 30,
 1993 1992
 Revenues Before Interest
 and Dividends $12,789,000 $11,921,000
 Interest and Dividends 508,000 512,000
 Total Revenues 13,297,000 12,433,000
 Operating Expenses 10,268,000 9,217,000
 Interest Expense 1,099,000 1,082,000
 Income Before Taxes 1,930,000 2,134,000
 Net Income 1,167,000 1,313,000
 Earnings per Share of Common Stock .49 .49
 Average Number of Common
 Shares Outstanding 2,383,681 2,657,732
 Number of Common Stockholders 613 580
 Six Months Ended June 30,
 1993 1992
 Revenues Before Interest
 and Dividends $23,552,000 $22,261,000
 Interest and Dividends 1,011,000 1,017,000
 Total Revenues 24,563,000 23,278,000
 Operating Expenses 19,365,000 17,871,000
 Interest Expense 2,121,000 2,184,000
 Income Before Taxes 3,077,000 3,223,000
 Net Income 1,849,000 1,993,000
 Earnings per Share of Common Stock .78 .75
 Average Number of Common
 Shares Outstanding 2,381,858 2,655,609
 Number of Common Stockholders 613 580
 -0- 7/16/93
 /CONTACT: Peter D. Ziegler, president and CEO, The Ziegler Companies, Inc., 414-334-5521/
 (ZCO)


CO: The Ziegler Companies, Inc. ST: Wisconsin IN: FIN SU: ERN

KL -- CL007 -- 2607 07/16/93 16:03 EDT
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Publication:PR Newswire
Date:Jul 16, 1993
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