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One in Five Wis. Banks Ends Year With Loss
Posted on February 25th, 2011 No commentsFifty-six Wisconsin banks — or one of every five — ended 2010 with a loss, according to new FDIC figures. In 2009, 73 banks, or 26 percent, reported a net loss for the year. M&I Marshall & Ilsley Bank had the biggest net loss, at $503.3 million, in 2010, followed by Johnson Bank, Racine, $135.3 million, and Bank Mutual, Brown Deer, $72.2 million, the Wisconsin State Journal reported. -
Tri City National Earnings Down
Posted on February 22nd, 2011 No commentsThe parent company of Tri City National Bank reported a drop of nearly 89 percent in earnings for the fourth quarter, but the comparison with the year-ago quarter was greatly skewed by a gain related to the bank’s acquisition of a failed bank in Racine, according to the Milwaukee Journal Sentinel. -
WaterStone Bank Posts Small Profit
Posted on May 7th, 2010 No commentsAfter posting losses for 2008 and 2009, the parent company of WaterStone Bank of Wauwatosa, Wis., has started 2010 with first-quarter net income of $176,000, or 1 cent a share, compared with a loss of $3.6 million, or 12 cents, in the first quarter of 2009, according to the Milwaukee Journal Sentinel.
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Blackhawk Reports Slight Decline in Profits
Posted on April 22nd, 2010 No commentsBeloit, Wis.-based Blackhawk Bancorp Inc. reported a slight decline in its first-quarter profit as mortgage-banking business decreased and more money was allocated to the loan-loss reserve to cover potential bad debt. The company had net income of $653,000 in the quarter, or 23 cents a share, down from $662,000, or 29 cents, a year earlier, the Milwaukee Journal Sentinel reported.
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Baylake Reports $818,000 Net Income
Posted on April 21st, 2010 No commentsSturgeon Bay, Wis.-based Baylake Corp. had net income of $818,000, or 10 cents per share, in the first quarter, compared with net income of nearly $2.3 million, or 29 cents, in last year’s first quarter, when Baylake benefited from $2.8 million in realized gains on the sale of securities. Read the Milwaukee Journal Sentinel story.
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JP Morgan Chase Reports Earnings Jump
Posted on April 14th, 2010 No commentsGains in its investment banking operations helped JPMorgan Chase & Co., the bank with the third-largest deposit market share in the Milwaukee area, to a double-digit earnings jump for its first quarter, beating expectations, according to the Business Journal of Milwaukee.
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Waterstone Holding Co. Reports Higher Net Loss
Posted on March 17th, 2010 No commentsThe holding company of Waterstone Bank in Wauwatosa said its net loss was $1.3 million larger than previously reported after restating year-end 2009 financial results to account for Federal Deposit Insurance Corp. premiums, according to the Business Journal.
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M&I Anticipates Extent of Q3 Loss
Posted on October 6th, 2009 No commentsMarshall & Ilsley Corp. said it expects to post a loss of 68 cents to 70 cents per share in the third-quarter as it boosts reserves to cover shaky loans, the Milwaukee Journal Sentinel reported.
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Amcore: Second Quarter Loss Not as Bad
Posted on July 28th, 2009 No commentsRockford-based Amcore Financial Inc. lost money again, but the second quarter loss of $10.7 million, or 47 cents a share, was less than last year. The loss was two-thirds less than the previous quarter and about 50 percent less than a year ago, according to the Milwaukee Journal Sentinel.
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Anchor Reports Quarterly Loss
Posted on July 28th, 2009 No commentsFor its first fiscal quarter, Anchor BanCorp Wisconsin Inc. reported a loss of $11.8 million, or 56 cents a share, compared with year-earlier net income of $5.5 million, or 26 cents a share. The loss was an improvement from the fourth quarter of last year and reflected lower charge-offs and decreased loan-loss provisions. Read the Milwaukee Journal Sentinel article.