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ZIEGLER ANNOUNCES 1993 RESULTS

 WEST BEND, Wis., Jan. 14 /PRNewswire/ -- The Ziegler Companies, Inc. (AMEX: ZCO), a financial services holding company, today released its preliminary unaudited financial figures for the fourth quarter and full year ended December 31, 1993.
 For the three months ended December 31, 1993, total revenues were $14,451,000 and net income was $1,678,000 or 70 cents per share compared with revenues of $13,209,000 and net income of $1,773,000 or 73 cents per share for the fourth quarter of 1992.
 For the fiscal year ended December 31, 1993, total revenues were $50,861,000 compared with $48,306,000 for 1992. Net income for 1993 was $4,531,000 or $1.90 per share compared with net income of $5,087,000 or $2.01 per share in 1992.
 Book value per share at December 31, 1993 was $20.96.
 THE ZIEGLER COMPANIES, INC.
 CONSOLIDATED STATEMENTS OF EARNINGS
 Three Months Ended
 December 31,
 1993 1992
 Revenues Before Interest
 and Dividends $13,842,000 $12,610,000
 Interest and Dividends 609,000 599,000
 Total Revenues 14,451,000 13,209,000
 Operating Expenses 10,589,000 9,168,000
 Interest Expense 1,144,000 1,143,000
 Income Before Income Taxes 2,718,000 2,898,000
 Net Income 1,678,000 1,773,000
 Earnings per Share of Common Stock $.70 $.73
 Average Number of Common Shares
 Outstanding 2,383,746 2,371,388
 Number of Common Stockholders 617 579
 Twelve Months Ended
 December 31,
 1993 1992
 Revenues Before Interest
 and Dividends $48,632,000 $46,091,000
 Interest and Dividends 2,229,000 2,215,000
 Total Revenues 50,861,000 48,306,000
 Operating Expenses 39,017,000 35,545,000
 Interest Expense 4,420,000 4,521,000
 Income Before Income Taxes 7,424,000 8,240,000
 Net Income 4,531,000 5,087,000
 Earnings per Share of Common Stock $1.90 $2.01
 Average Number of Common Shares
 Outstanding 2,382,957 2,535,418
 Number of Common Stockholders 617 579
 -0- 1/14/94
 /CONTACT: Peter D. Ziegler, president and CEO, of The Ziegler Companies, 414-334-5521/
 (ZCO)


CO: The Ziegler Companies ST: Wisconsin IN: FIN SU: ERN

BM-KL -- CL012 -- 2148 01/14/94 16:09 EST
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Publication:PR Newswire
Date:Jan 14, 1994
Words:380
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