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Last $30.68 USD
Change Today -0.06 / -0.20%
Volume 56.3K
CHFC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

chemical financial corp (CHFC) Snapshot

Open
$30.71
Previous Close
$30.74
Day High
$30.75
Day Low
$30.26
52 Week High
04/2/14 - $33.28
52 Week Low
10/15/14 - $25.99
Market Cap
1.0B
Average Volume 10 Days
68.9K
EPS TTM
$2.09
Shares Outstanding
32.8M
EX-Date
03/4/15
P/E TM
14.7x
Dividend
$0.96
Dividend Yield
3.10%
Current Stock Chart for CHEMICAL FINANCIAL CORP (CHFC)

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chemical financial corp (CHFC) Details

Chemical Financial Corporation operates as the financial holding company of Chemical Bank that offers 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 May 16, 2014, it operated through 157 banking offices located in approximately 38 counties in the lower peninsula of Michigan. The company 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 of Community Banking...
Total Annual Compensation: $314.4K
Executive Vice President of Chemical Bank and...
Total Annual Compensation: $282.4K
First Vice President of Branch Administration...
Total Annual Compensation: $271.9K
Compensation as of Fiscal Year 2014.

chemical financial corp (CHFC) Key Developments

Chemical Financial Corporation Proposes Amendment of Restated Articles of Incorporation

Chemical Financial Corporation proposed amendment of restated articles of incorporation to increase the number of authorized shares of common stock from 45,000,000 shares to 60,000,000 shares and to authorize a class of 2,000,000 shares of preferred stock at its AGM to be held on April 20, 2015.

Chemical Financial Corporation Declares First Quarter Cash Dividend, Payable on March 20, 2015

Chemical Financial Corporation announced that the board of directors declared a first quarter 2015 cash dividend on its common stock of $0.24 per share. The first quarter 2015 dividend will be payable on March 20, 2015, to shareholders of record on March 6, 2015. The ex-dividend date is March 4, 2015.

Chemical Financial Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2014

Chemical Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $58,244,000 against $51,305,000 a year ago. Income before income taxes was $22,355,000 against $20,478,000 a year ago. Net income was $15,305,000 or $0.46 diluted per share against $14,378,000 or $0.48 basic and diluted per share a year ago. Return on average assets was 0.87% against 0.93% a year ago. Return on average shareholders' equity was 8.2% against 9.1% a year ago. The declines in diluted per share were attributable to the higher number of outstanding shares resulting from the corporation's September 2013 and June 2014 common equity offerings and nonrecurring transaction related expenses incurred during 2014. For the year, the company reported net interest income of $212,551,000 against $196,647,000 a year ago. Income before income taxes was $89,621,000 against $81,108,000 a year ago. Net income was $62,121,000 or $1.97 diluted per share against $56,808,000 or $2.00 diluted per share a year ago. Return on average assets was 0.96% against 0.95% a year ago. Return on average shareholders' equity was 7.5% against 8.4% a year ago. The declines in diluted per share were attributable to the higher number of outstanding shares resulting from the corporation's September 2013 and June 2014 common equity offerings and nonrecurring transaction related expenses incurred during 2014. Net interest income was $15.9 million, or 8.1%, higher than 2013, with the increase primarily attributable to loan growth in 2014.  For the quarter, the company reported net loan charge-offs were $2.8 million, or 0.21% of average loans, compared to $4.5 million, or 0.39% of average loans, in the fourth quarter of 2013. The reduction in net loan charge-offs in the fourth quarter of 2014, compared to the fourth quarter of 2013, 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.

 

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Industry Analysis

CHFC

Industry Average

Valuation CHFC Industry Range
Price/Earnings 15.6x
Price/Sales 3.7x
Price/Book 1.3x
Price/Cash Flow 16.2x
TEV/Sales 1.8x
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