Banking & Finance

Milwaukee-based private mortgage insurer MGIC Investment Corp. today reported first quarter net income of $59.9 million, or 15 cents per share, up significantly from a first quarter net loss of $72.9 million, or 31 cents per share, in 2013.

Milwaukee-based Harley-Davidson, Inc. today reported first quarter net income of $265.9 million, or $1.21 per share, up from $224.1 million, or 99 cents per share, in the first quarter of 2013.

Milwaukee-based A.O. Smith Corp. today reported first quarter net earnings of $46.7 million, or 51 cents per share, up from $39 million, or 42 cents per share, in the first quarter of 2013.

Glendale-based Johnson Controls Inc. has agreed to acquire air distribution and ventilation product manufacturer Air Distribution Technologies Inc. for about $1.6 billion.

Earnings released last week for banks with a presence in the Milwaukee market have been generally positive.

Brown Deer-based Bank Mutual Corp. reported first quarter net income of $2.8 million, or 6 cents per share, up 11.7 percent from $2.5 million, or 5 cents per share, in the first quarter of 2013.

MGS Mfg. Group Inc., headquartered in Germantown, announced it has purchased Hospira's injection molding plant in Buffalo, N.Y.

Waukesha State Bank is working on plans to build a bank branch in Hartland at the current site of the Hartbrook Lanes bowling alley at 550 Hartbrook Drive.

Green Bay-based Associated Banc-Corp reported first quarter net income of $45.1 million, or 27 cents per share, down from $47.3 million, or 28 cents per share, in the first quarter of 2013.

West Bend-based Westbury Bank will spend about $1.5 million to renovate its branch at North Avenue and Calhoun Road in Brookfield.