Marshall & Ilsley Reports SharplyHigher Profits

MILWAUKEE - (10/18/05) -- Marshall & Ilsley Corp., theparent of credit union outsourcer Metavante, said third quarterearnings grew 18% to $184.1 million, or 78 cents a share. Thecompany said it received a boost from fees produced y its trustbusiness and from Metavante, the parent of Advanced FinancialSolutions, the popular data and image processor for credit unionsand the parent of CheckClear LLC, the new national check exchange.Third quarter revenues rose 19% to $387.7 million. Through thefirst three quarters of the year, M&I reported a 28% rise inrevenues to $1 billion and a 20% increase in net income to $542.2million, or $2.32 a share, compared to the first nine months lastyear.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER