Chemical Financial (CHFC) Tops Q3 EPS by 2c

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Chemical Financial Corporation Reports 2015 Third Quarter Operating Results

October 21, 2015 4:01 PM EDT

MIDLAND, Mich., Oct. 21, 2015 (GLOBE NEWSWIRE) -- Chemical Financial Corporation (the "Corporation") (NASDAQ: CHFC) today announced 2015 third quarter net income of $24.5 million, or $0.64 per diluted share, compared to 2014 third quarter net income of $16.8 million, or $0.51 per diluted share, and 2015 second quarter net income of $19.0 million, or $0.54 per diluted share. Net income was $61.3 million, or $1.72 per diluted share, for the nine months ended September 30, 2015, compared to $46.8 million, or $1.51 per diluted share, for the nine months ended September 30, 2014.

Excluding nonrecurring acquisition-related expenses, net income in the third quarter of 2015 was $25.1 million, or $0.65... More