17.04.2015 22:20:05
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Chemical Financial Q1 Profit Tops Estimate
(RTTNews) - Chemical Financial Corp. (CHFC) reported first quarter net income of $17.8 million or $0.54 per share, compared to $13.8 million or $0.46 per share for the year-ago quarter.
Excluding nonrecurring transaction-related expenses, adjusted net income for the latest quarter was $18.7 million or $0.57 per share.
Net interest income for the first quarter rose 18.9% to $59.2 million. Provision for loan losses was $1.5 million in the first quarter of 2015, compared to $1.6 million in the first quarter of 2014.
Noninterest income for the first quarter rose to $19.3 million from $13.7 million a year earlier.
Analysts polled by Thomson Reuters expected the company to earn $0.51 per share on revenue of $80.51 million for the first quarter. Analysts' estimates typically exclude special items.
![](https://images.finanzen.at/images/unsortiert/wertpapierdepot-absichern-aktienchart-boerse-750493204-260.jpg)
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