News Release
 
Brooke Corporation Reports Second Quarter Earnings
 
OVERLAND PARK, Kan., August 8, 2007 - Brooke
Corporation (Nasdaq: BXXX) today reported its second quarter financial results.
 
Net earnings for the six months ended June 30, 2007, totaled $9,515,000, or 63 cents per diluted share, on revenues of $120,619,000, compared to net earnings of $6,443,000, or 50 cents per diluted share, on revenues of $86,751,000 for the same period in the prior year. For this six-month period, total earnings increased 48 percent and total revenues increased 39 percent. Total earnings increased primarily as the result of increased revenues from gain on loan sales.
 
Net earnings for the three months ended June 30, 2007, totaled $2,706,000, or 15 cents per diluted share, on revenues of $56,595,000, compared to net earnings of $2,911,000, or 22 cents per diluted share, on revenues of $45,565,000 for the same period in the prior year. For this three-month period, total earnings decreased 7 percent and total revenues increased 24 percent. Total earnings decreased primarily as the result of decreased revenues from initial franchise fees.
 
Separate discussions of segment revenues and selected data follow.
 
Lending Segment During the second quarter of 2007, the lending segment recorded before tax income of $5,673,000, compared to before tax income of $2,641,000 in the second quarter of 2006. This segment’s performance remains consistent with the earn-out benchmarks of the July 18 merger between Oakmont and Brooke Credit. The lending segment’s loan portfolio increased to $593,400,000 on June 30, 2007.
 
Mick Lowry, president and chief executive officer of Brooke Credit Corporation stated, “I am pleased with Brooke Credit’s results during the second quarter. This solid earnings quarter for Brooke Credit resulted in large part from strong loan origination activities. Second quarter loan originations totaled approximately $102 million, compared to $86 million in the comparable quarter in 2006, or a 19 percent increase.”
 
Franchise Segment During the second quarter of 2007, the franchise segment recorded before tax loss of $727,000, compared to before tax income of $2,081,000 in the second quarter of 2006. The number of franchise locations increased to 828 on June 30, 2007.
 
Kyle Garst, chairman and chief executive officer of Brooke Franchise Corporation stated, “Franchise recruitment is a “lumpy” activity. Our second quarter results reflected decreased revenues from initial franchise fees resulting primarily from granting fewer start up franchises. We believe this to be temporary and a result of more rigorous franchise underwriting and transitioning of marketing to include a sales seminar approach.”
 
Financial Services Segment The financial services segment was added during the first quarter of 2007 as a result of the recent acquisitions of Brooke Savings Bank and a controlling interest in Brooke Capital Corporation. The financial services segment includes activities associated with the sale of banking services by Brooke Savings Bank, the sale of life insurance policies by First Life America Corporation and the brokering of loans to insurance-related businesses by Brooke Capital Advisors. During the second quarter of 2007, the financial services segment recorded before tax income of $1,946,000 primarily as the result of consulting fees generated by Brooke Capital Advisors.
 
 
 

The following information was filed by Aleritas Capital Corp. on Monday, August 13, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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