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.

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
Report incorrect company information

Chemical Financial Corporation Office Locations

Chemical Financial Corporation has an office in Midland
Midland, US (HQ)
235 East Main Street
Show all (1)
Report incorrect company information

Chemical Financial Corporation Financials and Metrics

Chemical Financial Corporation Revenue

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

Revenue (Q1, 2018)

218.5 m

Gross profit (Q1, 2018)

192.4 m

Gross profit margin (Q1, 2018), %

88.1%

Net income (Q1, 2018)

70.2 m

EBIT (Q1, 2018)

145.6 m

Market capitalization (11-Jul-2018)

4 b

Closing share price (11-Jul-2018)

56.4

Cash (31-Mar-2018)

553.5 m

EV

5.9 b
Chemical Financial Corporation's current market capitalization is $4 b.
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

238.8 m474.4 m

Inventories

13 b

PP&E

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

Cash

215 m291.5 m291.4 m233 m556.6 m441.8 m619.2 m553.5 m

Inventories

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

PP&E

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

Goodwill

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

Net Income

56.8 m62.1 m86.8 m108 m

Depreciation and Amortization

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

Net Income

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

Cash From Operating Activities

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

Cash From Investing Activities

(253.5 m)(414.5 m)(67.3 m)(326.6 m)(242.4 m)(353 m)(1.2 b)(437.1 m)

Dividends Paid

(17 m)(27 m)(10 m)(19.9 m)(30.3 m)(19.3 m)(38.5 m)(20.1 m)
USDY, 2018

EV/EBIT

40.5 x

EV/CFO

54.5 x

Financial Leverage

7.3 x
Show all financial metrics

Chemical Financial Corporation Operating Metrics

Chemical Financial Corporation'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
Show all operating metrics
Report incorrect company information

Chemical Financial Corporation Online and Social Media Presence

Embed Graph
Report incorrect company information

Chemical Financial Corporation News and Updates

Report incorrect company information

Chemical Financial Corporation Company Life and Culture

Report incorrect company information