Rochester, NY 9/1/2009 3:01:04 PM
Anchor BanCorp Wisconsin, Inc., ABCW, Up by 0.04 cents Last Trading
Anchor BanCorp Wisconsin, Inc.
Anchor BanCorp Wisconsin Inc. is a savings and loan holding company and is engaged in the savings and loan business through its wholly-owned banking subsidiary AnchorBank S.S.B. The Corporation also has anon-banking subsidiary Investment Directions Inc. which invests in limited partnerships. Anchor BanCorp Wisconsin Inc. has a market cap of $34.31 million; its shares were traded at around $1.59 with and P/S ratio of 0.11. Anchor BanCorp Wisconsin Inc. had an annual average earning growth of 4.5% over the past 10 years.
General. Net income for the three months ended June 30, 2009 decreased $17.3 million or 313.2% to a net loss of $11.8 million from net income of $5.5 million as compared to the same respective period in the prior year. The decrease in net income for the three-month period compared to the same period last year was largely due to an increase in non-interest expense of $10.9 million, an increase in provision for loan losses of $10.0 million and a decrease in net interest income of $7.7 million, which were partially offset by an increase in non-interest income of $7.8 million and a decrease in income tax expense of $3.6 million.
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Last Trade: 1.32
Day's Range: N/A - N/A
52wk Range: 0.00 - 13.91
Change: 0.00 (0.00%)
Volume: 0
Avg Vol (3m): 175,257
ABOUT Anchor BanCorp Wisconsin Inc.
Anchor BanCorp Wisconsin Inc. operates as the holding company for AnchorBank, fsb, which provides various financial products and services in Wisconsin, Iowa, Minnesota, and Illinois. Its deposit products include passbook savings accounts, demand deposits, interest bearing checking accounts, money market accounts, and certificates of deposit. The company originates single-family residential, multi-family residential, commercial real estate, construction, and land mortgage loans; consumer loans, including second mortgage and home equity, and education loans; and commercial business loans. It also invests in real estate partnerships. In addition, the company provides credit cards, annuities, and related consumer financial services. As of March 31, 2009, it operated 73 branch offices and 2 loan origination offices. The company was founded in 1919 and is based in Madison, Wisconsin.
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