Banking & Finance

Associated Banc-Corp reported first quarter net income of $46 million, or 27 cents per share, up from $41 million, or 24 cents per share, in the same quarter a year ago.

Briggs & Stratton Corp. today reported fiscal third quarter net income of $38.5 million, or 78 cents per share, down from $39.9 million, or 80 cents per share, in the same period a year ago.

Brown Deer-based Bank Mutual Corp. today reported first quarter net income was $2.5 million, up 120 percent from $1.2 million the same quarter a year ago.

The PNC Financial Services Group Inc., the Pittsburgh-based parent company of PNC Bank, reported first quarter net income of $1.0 billion, or $1.76 per share, compared with $811 million, or $1.44 per share, in the same period a year ago.

ZBB Energy Corp., a Menomonee Falls-based developer of renewable energy power platforms and hybrid vehicle control systems, announced today that Export-Import Bank of the United States will guarantee working capital loans to be made by InvestorsBank of Waukesha to finance the export of ZBB's energy power control and storage systems.

Robert W. Baird & Co. Inc. announced it will present the Baird Community Involved Player of the Year Award to Brandon Jennings, point guard with the Milwaukee Bucks.

Milwaukee-based A. O. Smith Corp. on Monday approved a 20-percent increase in the company's quarterly cash dividend to 24 cents per share.

Chicago-based Northern Trust Corp. today reported first quarter net income of $164 million, or 67 cents per share, up 2 percent from $161.2 million, or 66 cents per share, from the first quarter of 2012.

Minneapolis-based U.S. Bancorp reported today that its first quarter earnings rose 6.7 percent. Net earnings rose to $1.43 billion, or 73 cents per share, for the first quarter ended March 31, from $1.34 billion, or 67 cents per share, a year earlier.
However, revenue for the quarter fell 1.1 percent to $4.87 billion.

“The Stock Market of 2013” will be the subject of a Milwaukee Press Club Newsmaker Luncheon to take place on Wednesday, May 1, from 11:45 a.m. to 1:30 p.m.