Chemical Financial: 2Q Earnings Snapshot
MIDLAND, Mich. (AP) _ Chemical Financial Corp. (CHFC) on Tuesday reported second-quarter net income of $69 million.
The Midland, Michigan-based bank said it had earnings of 96 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
The financial holding company posted revenue of $227.6 million in the period. Its revenue net of interest expense was $195.6 million, which met Street forecasts.
Chemical Financial shares have risen 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $56.23, an increase of 14 percent in the last 12 months.