Banking & Finance

Milwaukee-based Badger Meter Inc. reported first quarter net earnings of $6.2 million, or 42 cents per share, up from $3.3 million, or 22 cents per share, for the same period a year ago.

Johnson Controls Inc. announced fiscal second quarter net income of $364 million, or 53 cents per share, up from $354 million, or 51 cents per share, in the same period a year ago.

Milwaukee-based A.O. Smith Corp. reported first quarter net earnings of $47.5 million, or $1.02 per share, up from $24.2 million, or 52 cents per share, for the same period a year ago.

Brown Deer-based Bank Mutual Corp., the largest Milwaukee County-based bank, reported first quarter net income of $1.2 million, or 3 cents per share, up from $1.0 million, or 2 cents per share, in the same period a year ago.

Green Bay-based Associated Banc-Corp, the parent company of Associated Bank, today reported first quarter net income to common shareholders of $41 million, or 24 cents per share, up from $15 million, or 9 cents per share, in the same period a year ago.

Pittsburgh-based PNC Financial Services Group Inc. today reported first quarter net income of $811 million, or $1.44 per share, down from $832 million, or $1.57 per share, for the same period a year ago.

The Charles Schwab Corporation has opened a new, independent branch in Mequon.

Chicago-based Northern Trust Corp. today reported first quarter net income of $161.2 million, or 66 cents per share, up from $151.0 million, or 61 cents per share, in the same period a year ago.

Minneapolis-based U.S. Bancorp today reported first quarter net income of $1.3 billion, or 67 cents per share, up from $1.0 billion, or 52 cents per share, in the same period a year ago.

UW Credit Union has opened its newest branch at 21215 E. Moreland Blvd. in Waukesha. The full-service branch is its fourth in the Milwaukee area and twentieth branch in Wisconsin.