Banking & Finance

Glendale-based Johnson Controls Inc. reported fiscal third quarter net income of $196 million, or 26 cents per share, down significantly from $572 million, or 80 cents per share, in the third quarter of 2013.

Green Bay-based Associated Banc-Corp reported second quarter net income of $46.4 million, or 28 cents per share, down from $47.9 million, or 28 cents per share, in the second quarter of 2013.

Glendale-based Johnson Controls Inc. today reported fiscal third quarter net income of $196 million, or 26 cents per share, down significantly from $572 million, or 80 cents per share, in the third quarter of 2013.

UMB Fund Services announced that chief executive officer John Zader has retired. Tony Fischer has been promoted to president and Maureen Quill has been promoted to chief operating officer to fill the role.

The number of nonprofit organizations in the Greater Milwaukee area has grown over the past two decades, but each now has a smaller piece of the revenue pie, according to a new report from the Milwaukee-based Public Policy Forum.

Brown Deer-based Bank Mutual Corp. reported second quarter net income of $3.6 million, or 8 cents per share, up 35 percent from $2.6 million, or 6 cents per share, in the second quarter of 2013.

Kenosha-based Snap-on Inc. today reported second quarter net earnings of $108.8 million, or $1.80 per share, up from $90.7 million, or $1.50 per share, in the second quarter of 2013.

Three regional banks with a strong presence in the Milwaukee market today reported mixed results in their second quarter earnings reports.

Milwaukee-based MGIC Investment Corp. today reported second quarter net income of $45.5 million, or 12 cents per share, up from $12.4 million, or 4 cents per share, in the second quarter of 2013.

Midland Video Productions, a Milwaukee-based marketing and business video production company, announced the sale of the company after 34 years of ownership by George Liberatore and Neil Jaehnert.