Chemical Financial Corporation operates as a financial holding company of Chemical Bank that offers banking and fiduciary products and services to residents and business customers. Its products and services include business and personal deposit products, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing. The Company also provides 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 mortgage banking and other banking services. In addition, the Company offers mutual funds, annuity products, and market securities, trust, investment management, and custodial services, as well as financial and estate planning, and retirement and employee benefit programs.

TypePublic
HQMidland, US
Founded1917
Size (employees)3,300 (est)
Websitechemicalbank.com
Chemical Bank was founded in 1917 and is headquartered in Midland, US
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Chemical Bank Office Locations

Chemical Bank has an office in Midland
Midland, US (HQ)
235 East Main Street
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Chemical Bank Financials and Metrics

Chemical Bank Revenue

Chemical Bank's revenue was reported to be $532.73 m in FY, 2016 which is a 82.6% increase from the previous period.
USD

Revenue (Q2, 2018)

446.1m

Gross profit (Q2, 2018)

388.0m

Gross profit margin (Q2, 2018), %

87%

Net income (Q2, 2018)

140.6m

EBIT (Q2, 2018)

293.6m

Market capitalization (18-Oct-2018)

3.6b

Closing stock price (18-Oct-2018)

49.8

Cash (30-Jun-2018)

525.3m

EV

5.5b
Chemical Bank's current market capitalization is $3.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

214.1m227.3m291.8m532.7m

Revenue growth, %

6%28%83%

Cost of goods sold

17.8m29.3m

Gross profit

274.0m503.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

90.4m99.1m98.9m103.8m131.3m180.9m196.7m218.5m446.1m

Cost of goods sold

3.9m5.2m5.1m5.4m6.8m12.8m17.2m26.1m58.1m

Gross profit

86.4m93.8m93.7m98.4m124.6m168.1m179.5m192.4m388.0m

Gross profit Margin, %

96%95%95%95%95%93%91%88%87%
Annual
USDFY, 2015FY, 2016

Cash

238.8m474.4m

Inventories

13.0b

PP&E

106.3m145.0m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

215.0m291.5m291.4m233.0m556.6m441.8m619.2m553.5m525.3m

Inventories

7.0b7.2b7.4b7.6b12.7b13.3b13.7b14.2b14.6b

PP&E

112.0m110.7m105.9m102.7m144.2m142.8m146.5m126.3m126.0m

Goodwill

285.5m286.5m286.9m286.9m1.1b1.1b1.1b1.1b1.1b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

56.8m62.1m86.8m108.0m

Depreciation and Amortization

23.3m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

16.2m16.8m17.8m36.9m61.3m23.3m49.0m59.7m47.6m99.6m70.2m140.6m

Cash From Operating Activities

27.9m55.3m19.2m44.5m4.9m75.8m87.6m108.1m165.3m

Cash From Investing Activities

(253.5m)(414.5m)(67.3m)(326.6m)(242.4m)(353.0m)(1.2b)(437.1m)(979.2m)

Dividends Paid

(17.0m)(27.0m)(10.0m)(19.9m)(30.3m)(19.3m)(38.5m)(20.1m)(40.1m)
USDY, 2018

EV/EBIT

18.6 x

EV/CFO

33 x

Financial Leverage

7.4 x
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Chemical Bank Operating Metrics

Chemical Bank's Total Loans was reported to be $13m in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

ATMs

200 200 272

Bank Branches

178 185 249

Non-accrual Loans

$50.64 m$53.44 m$51.22 m$60.64 m$62.23 m$53.42 m$44 m$41.30 m$44.33 m$47.84 m$50.89 b

Total Loans

$5.69 b$5.70 b$7.03 b$7.22 b$7.27 b$7.37 b$7.65 b$12.72 b$12.99 b$13.27 b$12.99 m
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Chemical Bank Online and Social Media Presence

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Chemical Bank Company Life and Culture

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