Quantcast
JUL 25, 2011 1:06pm ET

Web Seminars

Connecting with Customers to Enhance Revenue Generation
May 31, 2012
Account Holders Are Ready to Move. Are You Prepared to Win Them Over?
Available On Demand
Banking Today: The Quest to Maintain Margins and Grow Profits
Available On Demand
2Q Results

Chemical Financial Benefits from Improved Credit and Lending Income

Print
Reprints
Email

Chemical Financial Corp. in Midland, Mich., reported Monday that its second quarter earnings rose 150% from a year earlier, to $11 million, as credit costs fell and net interest income increased.

The $5.2 billion-asset company reported earnings of 40 cents a share, beating the average analysts' estimate by 7 cents, according to Thomson Reuters. Net interest income rose 5.6% from a year earlier, to $45.3 million.

The loan-loss provision fell 45% from a year earlier, to $7 million. Nonperforming assets fell 2.5% from a year earlier, to $160.5 million.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Email Newsletters

Get the Daily Briefing and the Morning Update when you sign up for a free trial.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.