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Last $30.76 USD
Change Today -0.07 / -0.23%
Volume 83.0K
CHFC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 4:30 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

chemical financial corp (CHFC) Snapshot

Open
$30.97
Previous Close
$30.83
Day High
$31.09
Day Low
$30.63
52 Week High
07/22/15 - $34.49
52 Week Low
10/15/14 - $25.99
Market Cap
1.2B
Average Volume 10 Days
108.0K
EPS TTM
$2.24
Shares Outstanding
38.1M
EX-Date
09/2/15
P/E TM
13.7x
Dividend
$1.04
Dividend Yield
3.18%
Current Stock Chart for CHEMICAL FINANCIAL CORP (CHFC)

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chemical financial corp (CHFC) Details

Chemical Financial Corporation, through its subsidiary banks, Chemical Bank and Monarch Community Bank, provides banking and fiduciary products and services to residents and business customers in Michigan. Its products and services include business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit box services, money transfer services, automated teller machines, access to insurance and investment products, corporate and personal wealth management services, and other banking services. The company also offers mutual funds, annuity products, and market securities; and operates as an issuer of title insurance to buyers and sellers of residential and commercial mortgage properties, including properties subject to loan refinancing. As of April 1, 2015, it operated through 183 banking offices located in approximately 47 counties in Michigan. Chemical Financial Corporation was founded in 1973 and is headquartered in Midland, Michigan.

1,997 Employees
Last Reported Date: 02/27/15
Founded in 1973

chemical financial corp (CHFC) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $588.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $307.4K
Executive Vice President and Regional Preside...
Total Annual Compensation: $271.9K
Executive Vice President of Chemical Bank and...
Total Annual Compensation: $282.4K
Compensation as of Fiscal Year 2014.

chemical financial corp (CHFC) Key Developments

Chemical Financial Corporation Declares Third Quarter 2015 Cash Dividend Payable on September 18, 2015

Chemical Financial Corporation announced that the Board of Directors of the Corporation declared a third quarter 2015 cash dividend on its common stock of $0.26 per share, representing an 8.3% increase over the second quarter 2015 cash dividend of $0.24 per share. The third quarter 2015 dividend will be payable on September 18, 2015, to shareholders of record on September 4, 2015. The ex-dividend date is September 2, 2015.

Chemical Financial Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2015

Chemical Financial Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total interest income was $69,679,000 against $55,180,000 a year ago. Net interest income was $65,735,000 against $51,460,000 a year ago. Net interest income after provision for loan losses was $65,735,000 against $51,460,000 a year ago. Income before income taxes was $28,124,000 against $23,336,000 a year ago. Net Income was $19,024,000 or $0.54 per basic and diluted share against $16,236,000 or $0.54 per basic and diluted share a year ago and 2015 first quarter net income of $17.8 million, or $0.54 per diluted share. The increase in net interest income in the second quarter of 2015 over the second quarter of 2014 was largely attributable to the positive impact of organic loan growth and the impact of loans acquired in the Lake Michigan, Monarch and Northwestern transactions. The increase in net interest income in the second quarter of 2015 over the first quarter of 2015 was primarily attributable to the incremental benefit of the Lake Michigan and Monarch transactions, although the corporation's net interest income also benefited from one additional day in the second quarter of 2015 and additional net interest income resulting from second quarter 2015 organic loan growth that was partially funded through Federal Home Loan Bank (FHLB) short-term borrowings. Return on average assets was 0.94% against 1.04% a year ago. Return on average shareholders' equity was 8.6% against 9.1% a year ago. At June 30, 2015, the corporation's book value was $25.74 per share, compared to $24.68 per share at March 31, 2015 and $24.22 per share at June 30, 2014. At June 30, 2015, the corporation's tangible book value was $17.87 per share, compared to $18.95 per share at March 31, 2015 and $20.42 per share at June 30, 2014. The decrease in the Corporation's tangible book value per share during the second quarter of 2015 was due to the Lake Michigan transaction, which reduced the Corporation's tangible book value by $1.58 per share. For six months, total interest income was $132,309,000 against $108,825,000 a year ago. Net interest income was $124,915,000 against $101,239,000 a year ago. Net interest income after provision for loan losses was $121,915,000 against $98,139,000 a year ago. Income before income taxes was $54,059,000 against $43,049,000 a year ago. Net Income was $36,859,000 or $1.08 per basic and diluted share against $30,049,000 or $1.00 per basic and diluted share a year ago. Return on average assets was 0.96% against 0.97% a year ago. Return on average shareholders' equity was 8.8% against 8.6% a year ago. Net loan charge-offs were $1.8 million, or 0.12% of average loans, in the second quarter of 2015, compared to $2.2 million, or 0.18% of average loans, in the second quarter of 2014 and $1.9 million, or 0.14% of average loans, in the first quarter of 2015. The modest reduction in net loan charge-offs in the second quarter of 2015, compared to the second quarter of 2014, was due to the continued improvement in the overall credit quality of the loan portfolio and characteristics of an improving economy in the State of Michigan.

Chemical Financial Corporation to Report Q2, 2015 Results on Jul 21, 2015

Chemical Financial Corporation announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 21, 2015

 

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CHFC Competitors

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BBCN Bancorp Inc $14.28 USD +0.095
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Northwest Bancshares Inc $12.53 USD +0.09
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Industry Analysis

CHFC

Industry Average

Valuation CHFC Industry Range
Price/Earnings 15.0x
Price/Sales 3.6x
Price/Book 1.2x
Price/Cash Flow 17.0x
TEV/Sales 0.9x
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