Marshall & Ilsley Corporation today reported 2007 first quarter core operating income of $218.1 million, or $0.83 per share, as compared to $186.8 million, or $0.78 per share, in the first quarter of 2006, an increase of 16.8 percent.
The corporation reported 2007 first quarter net income of $216.8 million, or $0.83 per share, as compared to $173.1 million, or $0.72 per share, in the first quarter of 2006. The $1.3 million difference between core operating income and net income as reported for the first quarter of 2007 reflects the costs associated with the transaction to separate Metavante and M&I that was announced on April 3, 2007.
Marshall & Ilsley Corporation MI is a diversified services corporation headquartered in Milwaukee, Wis., with $56.5 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank.