Chemical Financial Corporation reports 2018 first quarter net income of $70.2 million, representing $0.97 of earnings per diluted average share
CHEMICAL FINANCIAL (CHFC)
Last chemical financial earnings: 7/24 04:20 pm
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US:NASDAQ Investor Relations:
chemicalbank.com/about/news-and-events/chemical-financial-corporation-announces-fourth-quarter-and-full-year-2014-earnings-conference-call
Company Research
Source: GlobeNewswire
MIDLAND, Mich., April 24, 2018 (GLOBE NEWSWIRE) -- Chemical Financial Corporation ("Chemical," "we," "us" or "our") (NASDAQ:CHFC) today announced 2018 first quarter net income of $70.2 million, or $0.97 per diluted share, compared to 2017 fourth quarter net income of $9.4 million, or $0.13 per diluted share and 2017 first quarter net income of $47.6 million, or $0.67 per diluted share. Fourth quarter of 2017 net income, excluding significant items, a non-GAAP financial measure, which for the fourth quarter of 2017 excluded the charge to income tax expense of $46.7 million resulting from the revaluation of our net deferred tax assets, $2.6 million of merger and restructuring expenses and $7.6 million of losses on sales of investment securities was $62.7 million, or $0.87 per diluted share, and first quarter of 2017 net income, excluding significant items, which for the first quarter of 2017 excluded $4.2 million of merger expenses was $50.3 million, or $0.70 per diluted share.(1) We
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