Items Tagged with 'Chemical Financial'

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Chemical Financial's 3Q net income declines

CEO expects continued consolidation in Michigan banking industry.

October 23, 2012
Midland-based Chemical Financial Corp. (Nasdaq: CHFC) has reported 2012 third quarter net income of $13.1 million, or 48 cents per diluted share, compared to 2012 second quarter net income of $13.9 million, or 50 cents per diluted share. However, this year is an improvement over last: The bank’s 2011 third quarter net income was $11.6 million, or 42 cents per diluted share. For the nine months ended Sept. 30, net income was $39.3 million, or $1.43 per diluted share, compared to $31.8 million in the same period last year, or $1.16 per diluted share. Read More