Chemical Financial Corp. (CHFC) in Midland, Mich., said Monday that its first-quarter net income rose 5% from a year earlier, to $13.8 million, thanks largely to a double-digit increase in loans and improved credit quality.

However, its earnings per share of 46 cents came in 2 cents lower than the estimates of analysts polled by Bloomberg.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.