Marshall & Ilsley Brace for Split: Fool by Numbers

On Tuesday, Milwaukee-based bank Marshall & Ilsley (NYSE: MI) released first-quarter earnings for the period ended March 31.

• Total reported revenue grew 11.7% to $887.4 million.
• The net interest margin fell slightly to 3.23%, as did most other key banking metrics.
• Total reported diluted earnings grew 6.4%, excluding recent charges related to the upcoming separation of data-service segment Metavante and charges in last year's quarter.
• M&I carries a two-star rating in Motley Fool CAPS, while regional rivals National City (NYSE: NCC) and Fifth Third (Nasdaq: FITB) carry lower one-star ratings.

(Figures in millions, except per-share data)

Income Statement Highlights

	Q1 2007	Q1 2006	Change
Total Revenue	$887.4	$794.2	11.7%
Net Interest Income	$397.4	$333.0	19.3%
Net Profit	$216.8	$173.1	25.2%
EPS	$0.83	$0.72	15.3%
Adjusted EPS	$0.83	$0.78	6.4%

Get back to basics with a look at the income statement.

Ratio Checkup

	Q1 2007	Q1 2006	Change*
Net Interest Margin	3.23%	3.26%	(0.03)
Efficiency Ratio	61.00%	62.80%	(1.80)
Nonperforming Assets / Assets	0.62%	0.31%	0.31
Return on Average Assets	1.56%	1.62%	(0.06)
Return on Average Equity	14.13%	15.67%	(1.54)

*Expressed in percentage points.

Find out more about bank ratios.

Balance Sheet Highlights

Assets	Q1 2007	Q1 2006	Change
Investments	$7,829	$6,826	14.7%
Loans	$42,255	$35,236	19.9%

Liabilities	Q1 2007	Q1 2006	Change
Deposits	$32,635	$28,099	16.1%
Total Liabilities	$6,354	$4,863	30.7%

Learn about bank assets and bank liabilities.

Related Foolishness:

• Is It Time to Buy Subprime?
• Calculating Return on Assets
• A Closer Look at Bank Stocks
• Unique Data Point at Marshall & Ilsley

National City is an Income Investor recommendations. Learn more about dividend investing with a free trial to James Early's market-beating newsletter service.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. The Fool has an ironclad disclosure policy. Feel free to email him with feedback or to discuss any companies mentioned further.