On Tuesday, Milwaukee-based bank Marshall & Ilsley
- 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) |
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.
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- Unique Data Point at Marshall & Ilsley
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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.
