Chemical Financial Corporation

Since 1917, Chemical Bank's hometown approach to banking has remained steadfast and focused on community banking, highlighted by local leadership and decision making, a devotion to community and personalized service. We have over 180 branches that are divided among our 18 Community Banks, each of which has its own Community Board.

We are committed to delivering the guidance and support you need to plan for the future and reach your financial goals. Using a team approach, we provide you with an array of expertise that spans business, personal and investment services. Our experienced professionals spend much of their time working closely with you, and learning about your goals in order to develop financial solutions that will help you meet your needs.

Company Growth (employees)
Type
Public
HQ
Midland, US
Founded
1917
Size (employees)
3,300 (est)
Chemical Financial Corporation was founded in 1917 and is headquartered in Midland, US

Chemical Financial Corporation Office Locations

Chemical Financial Corporation has an office in Midland
Midland, US (HQ)
235 E Main St

Chemical Financial Corporation Data and Metrics

Chemical Financial Corporation Financial Metrics

Chemical Financial Corporation's revenue was reported to be $180.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

180.9 m

Gross profit (Q1, 2017)

168.1 m

Gross profit margin (Q1, 2017), %

93%

Net income (Q1, 2017)

47.6 m

EBIT (Q1, 2017)

126 m

Market capitalization (17-Aug-2017)

3.2 b

Cash (31-Mar-2017)

441.8 m
Chemical Financial Corporation's current market capitalization is $3.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

214.1 m227.3 m291.8 m532.7 m

Revenue growth, %

6%28%83%

Cost of goods sold

17.8 m29.3 m

Gross profit

274 m503.4 m

Gross profit Margin, %

94%95%

Operating expense total

223.9 m338.4 m

EBIT

267.5 m366.2 m

EBIT margin, %

92%69%

Pre tax profit

123.8 m150.1 m

Income tax expense

42.1 m

Net Income

56.8 m62.1 m86.8 m108 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

90.4 m99.1 m98.9 m103.8 m131.3 m180.9 m

Cost of goods sold

3.9 m5.2 m5.1 m5.4 m6.8 m12.8 m

Gross profit

86.4 m93.8 m93.7 m98.4 m124.6 m168.1 m

Gross profit Margin, %

96%95%95%95%95%93%

EBIT

64.2 m72.1 m72.8 m74.5 m92.7 m126 m

EBIT margin, %

71%73%74%72%71%70%

Pre tax profit

28.1 m34.1 m33.4 m36.3 m14.3 m59.9 m

Net Income

16.2 m16.8 m17.8 m36.9 m61.3 m23.3 m49 m59.7 m47.6 m
USDFY, 2015FY, 2016

Cash

238.8 m474.4 m

Inventories

13 b

PP&E

106.3 m145 m

Goodwill

287.4 m1.1 b

Total Assets

9.2 b17.4 b

Accounts Payable

12.9 b

Total Debt

1.4 b

Total Liabilities

14.8 b

Additional Paid-in Capital

725.3 m2.2 b

Retained Earnings

281.6 m340.2 m

Total Equity

1 b2.6 b

Debt to Equity Ratio

0.6 x

Debt to Assets Ratio

0.1 x

Financial Leverage

9 x6.7 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

215 m291.5 m291.4 m233 m556.6 m441.8 m

Inventories

7 b7.2 b7.4 b7.6 b12.7 b13.3 b

PP&E

112 m110.7 m105.9 m102.7 m144.2 m142.8 m

Goodwill

285.5 m286.5 m286.9 m286.9 m1.1 b1.1 b

Total Assets

9 b9.3 b9.3 b9.5 b17.4 b17.6 b

Accounts Payable

7.3 b7.6 b7.7 b7.5 b13.3 b13.1 b

Additional Paid-in Capital

722.3 m723.4 m725.9 m727.1 m2.2 b2.2 b

Retained Earnings

251.5 m266 m294.9 m310.6 m311 m372.2 m

Total Equity

980.8 m998.4 m1 b1.1 b2.6 b2.6 b

Financial Leverage

9.2 x9.3 x9 x9.1 x6.8 x6.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

56.8 m62.1 m86.8 m108 m

Depreciation and Amortization

23.3 m

Cash From Operating Activities

103 m280.6 m

Cash From Investing Activities

(408.7 m)(542.9 m)

Dividends Paid

(36.9 m)(49.4 m)

Cash From Financing Activities

361.5 m498 m

Interest Paid

17 m25.5 m

Income Taxes Paid

22.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

16.2 m16.8 m17.8 m36.9 m61.3 m23.3 m49 m59.7 m47.6 m

Cash From Operating Activities

27.9 m55.3 m19.2 m44.5 m4.9 m75.8 m

Cash From Investing Activities

(253.5 m)(414.5 m)(67.3 m)(326.6 m)(242.4 m)(353 m)

Dividends Paid

(17 m)(27 m)(10 m)(19.9 m)(30.3 m)(19.3 m)

Cash From Financing Activities

257.6 m467.7 m100.7 m276.3 m555.3 m244.5 m

Interest Paid

6.6 m11.7 m5.1 m10.8 m13.8 m13 m

Income Taxes Paid

20.8 m33.5 m22.2 m
USDY, 2017

Revenue/Employee

54.8 k

Financial Leverage

6.8 x

Chemical Financial Corporation Market Value History

Traffic Overview of Chemical Financial Corporation

Chemical Financial Corporation Online and Social Media Presence

Chemical Financial Corporation Company Life and Culture

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