Chemical Financial Q1 Profit Up

(RTTNews) - Chemical Financial Corp. (CHFC) Monday reported first-quarter profit of $13.8 million or $0.46 per share, compared to $13.2 million or $0.48 per share in the same period last year.

On average, four analysts polled by Thomson Reuters expected the company to earn $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income increased to $49.78 million from $47.65 million last year. Net-interest margin was 3.53 percent, compared to 3.54 percent last year. Non-interest income totaled $13.7 million, down from $16.2 million last year.