Metavante Fuels Marshall & Ilsley'sFirst Quarter

April 15, 2005, 1:00 a.m. EDT 1 Min Read

MILWAUKEE - (04/15/05) -- Marshall & Ilsley Corp. saidgrowth in its Metavante outsourcing unit fueled a 16% first quarterincrease in net income to $169.6 million, or 73 cents a share,compared to the same period last year. The bank holding companysaid revenues for the first quarter surged 40% to $286.5 million,based on a half-dozen corporate acquisitions made over the pastyear, including the NYCE electronic funds network, AdvancedFinancial Solutions (AFS), and several others. Assets for thediversified banking company grew to $41.6 billion at the end of thequarter, from $35.5 billion a year earlier.

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