|
SECURITY: MI (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Marshall & Ilsley
Corporation is a diversified financial services corporation headquartered
in Milwaukee, Wis., with $33.2 billion in assets. Founded in 1847, M&I
Marshall & Ilsley Bank has the largest banking presence in Wisconsin
with 208 offices throughout the state. In addition, M&I has 25 locations
throughout Arizona; 10 offices in metropolitan Minneapolis/St. Paul, Minn.;
and, locations in Duluth Minn.; Las Vegas, Nev.; and Naples, Fla. M&I's
Southwest Bank affiliate has six offices in the St. Louis area, and one
office in Belleville, Ill. Metavante Corporation, Marshall & Ilsley
Corporation's wholly owned technology subsidiary, is a leading financial
services enabler - providing virtually all of the technology an organization
needs to offer financial services. M&I also provides trust and investment
management, equipment leasing, mortgage banking, asset-based lending, financial
planning, investments and insurance services from offices throughout the
country and on the Internet ( www.mibank.com or www.micorp.com ). M&I's
customer-based approach, internal growth and strategic acquisitions have
made M&I a nationally recognized leader in the financial services industry.
https://www.mibank.com
Marshall
& Ilsley Corporation to Release Fourth Quarter and Year-End Results
on Thursday, January 20
MILWAUKEE,
Jan. 14, 2011 /PRNewswire via COMTEX/ --
Marshall
& Ilsley Corporation (NYSE: MI) (M&I) will release its 2010 fourth
quarter and year-end results on Thursday, January 20, 2011 at 8:00 a.m.
(Central Standard Time).
The
fourth quarter and year-end results press release and the supplemental
financial information can be found at www.micorp.com, Investor Relations,
after 8:00 a.m. on January 20. No conference call will be held.
Marshall
& Ilsley Corporation Announces Dividend on Senior Preferred Stock,
Series B
MILWAUKEE,
June 17, 2010 /PRNewswire via COMTEX/ --Marshall & Ilsley Corporation
(NYSE: MI) (M&I) today announced its Board of Directors has declared
a regular quarterly cash dividend of $21,437,500 in the aggregate on its
Senior Preferred Stock, Series B. The Senior Preferred Stock, Series B
was purchased from M&I by the U.S. Treasury as part of the U.S. Treasury's
Capital Purchase Program and is payable on August 16, 2010, to the shareholder
of record at the close of business on July 30, 2010.
Marshall
& Ilsley Corporation Announces Events Impacting Third Quarter:
MILWAUKEE,
Oct. 6 /PRNewswire-FirstCall/ --
Improving
trends in credit quality:
Nonperforming
loans expected to decrease by approximately $170 million from June 30,
2009 to slightly less than 4.9 percent of total loans at September 30,
2009 - first decline in four years.
Early
stage delinquencies expected to decline $220 million, or 20 percent, from
June 30, 2009 - at lowest level since March 31, 2008.
Allowance
for loan and lease losses expected to increase to slightly over 3 percent
of total loans at September 30, 2009.
2009
third quarter provision of approximately $390 to $400 million consistent
with prior expectations (before special provision for certain bank holding
company loans).
M&I
takes aggressive action on bank holding company loan portfolio:
2009
third quarter special provision of approximately $185 million for bank
holding company loans.
2009
third quarter provision for loan and lease losses expected to be in the
range of $575 to $585 million and total net charge-offs expected to be
in the range of $530 million to $540 million.
Loss
per share for the 2009 third quarter expected to be in the range of $0.68
to $0.70.
Marshall
& Ilsley Corporation (NYSE: MI) (M&I) today announced several improving
credit quality trends for the third quarter of 2009. Nonperforming loans
at September 30, 2009 are expected to decrease by approximately $170 million
from June 30, 2009. This is the first linked-quarter decline in nonperforming
loans in four years. It is expected that the ratio of nonperforming loans
to total loans will decline to approximately 4.9 percent at September 30,
2009. In addition, early stage loan delinquencies (those loans delinquent
30-89 days) decreased by approximately $220 million or, 20 percent, from
June 30, 2009 to September 30, 2009.
Marshall
& Ilsley Corporation Announces Third Quarter 2008 Dividend
MILWAUKEE,
Aug 21, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Marshall
& Ilsley Corporation (NYSE: MI) (M&I) today announced its Board
of Directors has declared a regular quarterly cash dividend of $0.32 per
share on its common stock. The dividend is payable on September 12, 2008,
to shareholders of record at the close of business on September 2, 2008.
Marshall
& Ilsley Corporation Reports Net Loss of $1.52 per Diluted Share for
2008 Second Quarter
Net
interest income increased 12 percent compared to the second quarter of
2007.
Wealth
Management total revenue rose 14 percent over the same period last year.
Provision
for loan and lease losses of $886 million driven by continued deterioration
in the housing market.
Allowance
to loan ratio boosted to 2.05 percent.
Capital
strength provides significant cushion in uncertain environment.
MILWAUKEE,
July 16, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Marshall
& Ilsley Corporation (NYSE: MI) (M&I) today reported a 2008 second
quarter net loss of $393.8 million, or $1.52 per share, as compared to
income from continuing operations of $178.9 million, or $0.68 per share,
in the second quarter of 2007.
During
the second quarter of 2008, the Corporation experienced continued stress
on its construction and development portfolio due to the ongoing deterioration
in the housing market. The following actions were taken:
A
provision for loan and lease losses of $886 million was taken, representing
$485 million in excess of charge-offs of $401 million.
Approximately
$20 million was added to the reserve for unfunded commitments.
Allowance
to loan ratio was boosted to 2.05 percent -- up 105 basis points versus
the second quarter of 2007.
2008
Second Quarter Key Performance Highlights
On
an acquisition-adjusted basis, average loans and leases increased 11 percent
over the second quarter of 2007.
Net
interest margin rose 5 basis points on a linked quarter basis and was down
1 basis point from the second quarter of 2007.
Net
interest income increased 12 percent compared to the same period last year.
Wealth
Management total revenue increased 14 percent over the second quarter of
2007.
Adjusted
efficiency ratio was 51.3 percent, up 0.4 percentage points from the adjusted
efficiency ratio for the same period last year.
Tangible
common equity ratio was 7.0 percent at June 30, 2008 -- up 1.2 percentage
points from June 30, 2007.
Loan
and Core Deposit Growth
On
an acquisition-adjusted basis, M&I's average loans and leases totaled
$49.9 billion for the second quarter of 2008, reflecting an increase of
$4.9 billion or 11 percent compared to the second quarter of 2007. The
Corporation's average bank-issued deposits totaled $29.5 billion on an
acquisition-adjusted basis for the second quarter of 2008, essentially
unchanged versus the second quarter of 2007.
|