Chemical Financial (CHFC) Tops Q1 EPS by 3c

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Go back to Chemical Financial (CHFC) Tops Q1 EPS by 3c

Chemical Financial Corporation reports first quarter 2019 net income of $62.9 million, representing $0.87 of earnings per diluted share

April 23, 2019 4:10 PM EDT

DETROIT, April 23, 2019 (GLOBE NEWSWIRE) -- Chemical Financial Corporation ("Chemical") (NASDAQ: CHFC) today announced 2019 first quarter net income of $62.9 million, or $0.87 per diluted share, compared to 2018 fourth quarter net income of $73.0 million, or $1.01 per diluted share, and 2018 first quarter net income of $71.6 million, or $0.99 per diluted share. Net income, excluding the change in fair of value in loan servicing rights and merger expenses (collectively, "significant items"), a non-GAAP financial measure, was $73.3 million, or $1.02 per diluted share, in the first quarter of 2019, compared to $75.3 million, or $1.04 per diluted share, in the fourth quarter of... More