MILWAUKEE - Marshall & Ilsley Corp. has reported net income of $169.9 million for full-year 1994. That compares to 1993's $171.4 million, which was restated to account for a merger with Valley Bancorp.

Primary net income per share was $1.71 for 1994 versus $1.67 a year ago.

Return on average assets before merger-related items was 1.37% and return on average equity was 14.94% for the 12 months ended Dec. 31.

For the fourth quarter, net income totaled $47.5 million, compared with $43.5 million for the same period in 1993. Primary net income per share was 48 cents, compared to 43 cents last year.

Assets at yearend were $12.6 billion, and total loans grew to $8.8 billion.

The corporation, headquartered in Milwaukee, has 34 affiliate banks in Wisconsin with more than 225 offices, and a bank in Phoenix, with 12 offices.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.