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Chemical Financial Corp (CHFC.OQ)

CHFC.OQ on NASDAQ Stock Exchange Global Select Market

46.84USD
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Chemical Financial Corp Reports Q4 Earnings Per Share $1.01
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Chemical Financial Corp ::ORATION REPORTS FOURTH QUARTER 2018 NET INCOME OF $73.0 MILLION, REPRESENTING $1.01 OF EARNINGS PER DILUTED AVERAGE SHARE.Q4 EARNINGS PER SHARE $1.01.Q4 EARNINGS PER SHARE ESTIMATE $0.98 -- REFINITIV IBES DATA.NET INTEREST INCOME WAS $163.5 MILLION FOR Q4 OF 2018, $4.0 MILLION, OR 2.5%, HIGHER THAN Q3 OF 2018.  Full Article

Chemical Financial Corp And TCF Financial Corp Announce Merger
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Chemical Financial Corp ::CHEMICAL FINANCIAL CORPORATION AND TCF FINANCIAL CORPORATION ANNOUNCE MERGER OF EQUALS TO CREATE A PREMIER MIDWEST BANK HEADQUARTERED IN DETROIT.TCF FINANCIAL - UNDER TERMS, UNANIMOUSLY APPROVED BY BOARDS OF BOTH CO, TCF WILL MERGE INTO CHEMICAL.TCF FINANCIAL CORP - UNDER TERMS, COMBINED HOLDING CO & BANK WILL OPERATE UNDER TCF NAME & BRAND FOLLOWING CLOSING OF TRANSACTION.TCF FINANCIAL CORP - TRANSACTION PROJECTED TO DELIVER 17% EPS ACCRETION TO CHEMICAL AND 31% EPS ACCRETION TO TCF BY 2020.TCF FINANCIAL - TRANSACTION EXPECTED TO GENERATE ABOUT $180 MILLION IN ANNUAL RUN-RATE COST SYNERGIES BY 2020, WITH MINIMAL REDUCTIONS IN BRANCHES.TCF FINANCIAL - UNDER TERMS, CO SHAREHOLDERS TO RECEIVE 0.5081 SHARES OF CHEMICAL COMMON STOCK/SHARE OF CO COMMON STOCK BASED ON FIXED EXCHANGE RATIO.TCF FINANCIAL CORP - UPON COMPLETION OF DEAL, TCF AND CHEMICAL SHAREHOLDERS WILL OWN 54% AND 46% OF COMBINED CO.TCF FINANCIAL - COMBINED COMPANY TO HAVE GARY TORGOW AS EXECUTIVE CHAIRMAN OF BOARD.TCF FINANCIAL CORP - CRAIG DAHL TO SERVE AS CEO AND PRESIDENT OF COMBINED CO.TCF FINANCIAL CORP - DENNIS KLAESER TO SERVE AS CFO OF COMBINED CO.TCF FINANCIAL - DAVID PROVOST WILL BECOME CHAIRMAN OF COMBINED BANK.TCF FINANCIAL - COMBINED CO'S BOARD WILL HAVE SIXTEEN DIRECTORS, CONSISTING OF EIGHT DIRECTORS FROM TCF AND EIGHT DIRECTORS FROM CHEMICAL.  Full Article

Chemical Financial Corp Reports Q3 2018 EPS of $0.98
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Chemical Financial Corp ::ORATION REPORTS 2018 THIRD QUARTER NET INCOME OF $70.4 MILLION, REPRESENTING $0.98 OF EARNINGS PER DILUTED SHARE.Q3 EARNINGS PER SHARE $0.98.Q3 EARNINGS PER SHARE VIEW $0.99 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME WAS $159.5 MILLION, UP 11 PERCENT.  Full Article

Chemical Financial Corp Q2 Earnings Per Share $0.96
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Chemical Financial Corp ::ORATION REPORTS 2018 SECOND QUARTER NET INCOME OF $69.0 MILLION, REPRESENTING $0.96 OF EARNINGS PER DILUTED AVERAGE SHARE.Q2 EARNINGS PER SHARE $0.96.Q2 EARNINGS PER SHARE VIEW $0.95 -- THOMSON REUTERS I/B/E/S.NET INTEREST INCOME WAS $157.5 MILLION IN Q2, 3.7%, HIGHER THAN Q1.  Full Article

Chemical Financial Corporation Q1 Net Income $70.2 Million
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Chemical Financial Corp ::CHEMICAL FINANCIAL CORPORATION REPORTS 2018 FIRST QUARTER NET INCOME OF $70.2 MILLION, REPRESENTING $0.97 OF EARNINGS PER DILUTED AVERAGE SHARE.Q1 EARNINGS PER SHARE $0.97.Q1 EARNINGS PER SHARE VIEW $0.92 -- THOMSON REUTERS I/B/E/S.NET INTEREST INCOME WAS $151.9 MILLION IN Q1 OF 2018, 16.7%, HIGHER THAN Q1 OF 2017.  Full Article

Chemical Financial Preliminarily Estimates Reduction In Deferred Tax Asset Of About $55 Mln In Q4
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Chemical Financial Corp ::CHEMICAL FINANCIAL SAYS DUE TO TAX CUTS AND JOBS ACT, CO HAS PRELIMINARILY ESTIMATED REDUCTION IN DEFERRED TAX ASSET OF ABOUT $55 MILLION IN Q4.  Full Article

Chemical Financial reports Q3 earnings $0.56/shr
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Chemical Financial Corp :Chemical Financial Corporation reports 2017 third quarter operating results.Q3 earnings per share $0.79 excluding items.Q3 earnings per share $0.56.Q3 earnings per share view $0.77 -- Thomson Reuters I/B/E/S.Chemical Financial Corp - ‍net interest income was $143.6 million in Q3 of 2017, $5.7 million, or 4.1%, higher than Q2​.  Full Article

Chemical Financial initiates about seven pct net reduction in total employees​
Tuesday, 12 Sep 2017 

Sept 13 (Reuters) - Chemical Financial Corp :Chemical Financial Corp - on Sept 7, co initiated a restructuring effort that includes an about seven percent net reduction in total employees​.Chemical Financial Corp - ‍impacted staff have been notified and departures are expected to be largely complete by September 30, 2017​.Says restructuring includes certain branch consolidations​.Chemical Financial Corp - restructuring efforts include planned consolidation of 25 branches in Q4 of 2017.Chemical Financial Corp says ‍following planned closures in Q4 of 2017, chemical bank will have a total of 211 branches​.Chemical Financial Corp - regarding staff reduction, branch consolidations,other restructuring efforts, co expects to incur pre-tax charges of about $18 million​.Says ‍annualized cost savings from restructuring initiative are expected to be about $20 million.​.  Full Article