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.

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 $532.7 m in 2016
USD

Revenue (Y, 2016)

532.7 m

Revenue growth (Y, 2015 - Y, 2016), %

83%

Gross profit (Y, 2016)

503.4 m

Gross profit margin (Y, 2016), %

95%

Net income (Y, 2016)

108 m

EBIT (Y, 2016)

366.2 m

Market capitalization (26-Jun-2017)

3.3 b

Closing share price (26-Jun-2017)

46.4

Cash (31-Dec-2016)

474.4 m

EV

4.2 b
Chemical Financial Corporation's current market capitalization is $3.3 b.
USDFY, 2013FY, 2014FY, 2015Y, 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
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

238.8 m474.4 m

PP&E

106.3 m145 m

Goodwill

287.4 m1.1 b

Total Assets

9.2 b17.4 b

Total Debt

1.4 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
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
USDY, 2016

EV/EBIT

11.6 x

EV/CFO

15.1 x

Revenue/Employee

253.7 k

Debt/Equity

0.6 x

Debt/Assets

0.1 x

Financial Leverage

6.7 x

Chemical Financial Corporation Market Value History

Chemical Financial Corporation Online and Social Media Presence

Chemical Financial Corporation Company Life and Culture

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