Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
Earnings Analysis: 
Associated Banc Net Income Falls 10%
Author: 123jump.com Staff
123jump.com
Last Update: 3:16 PM EDT April 19 2007



Email article | Print article

Associated Banc first-quarter net income fell 10% as net interest income fell. Matthews International second-quarter net income rose 10%, helped by improved results in the company''s bronze and cremation divisions. MoneyGram International first-quarter net income fell 4% as expenses increased. Pool Corp. first-quarter profit tumbled as costs grew. Texas Capital Bancshares first-quarter net earnings increased on higher net interest income.

 
Associated Banc-Corp. (ASBC: chart), banking service operator, said that its earnings fell to $73.4 million, or 57 cents per share, from $81.7 million, or 60 cents per share, during the same period a year ago. Net interest income, or income from loans and deposits, fell 5% to $159 million from $166.9 million last year. Noninterest income, or income from fees and charges, grew 17 percent to $82.7 million from $70.8 million.

Matthews International Corp. (MATW: chart), maker of memorials, said that its net income for the quarter rose to $18.5 million, or 58 cents per share, compared with $16.9 million, or 52 cents per share, during the same period last year. Revenue grew 12% to $203 million, versus $181.1 million last year.

MoneyGram International Inc. (MGI: chart), money order and transfer company, said that its quarterly earnings totaled $29.8 million, or 35 cents per share, compared with $30.9 million, or 36 cents per share, in the same period a year ago. The latest quarter included 3 cents per share in cash flow recoveries on previously impaired investments and income from limited partnership interests. Revenue grew 18% to $310.1 million against $263.7 million in the same period a year earlier.

Pool Corp. (POOL: chart), wholesale distributor of swimming pool supplies, said that it earned $1.4 million, or 3 cents per share, down from $6.4 million, or 12 cents per share, during the same period a year ago. Revenue grew 7% to $373.7 million versus $348.6 million in the same period a year earlier.

Texas Capital Bancshares Inc. (TCBI: chart), holding company operator, said that its first-quarter net earnings increased to $7.62 million, or 29 cents per share, compared with $6.6 million, or 26 cents per share, in the year-ago period. Net interest income was $31.7 million for the first quarter of 2007, up from $26.9 in the comparable period last year.
  1 More: Earnings Archive

 



 
© 1999-2008 123jump.com. All rights reserved