Chemical Financial Corporation operates in the State commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Chemical Financial with three other
companies in this sector in UNITED STATES :
Signature Bank
(2020
sales of $2.01 billion
of which 90%
was Commercial Banking),
First Citizens BancShares Inc (Delaware)
($1.96 billion
of which 100%
was Banking & Related Activities), and
Wintrust Financial Corporation
($1.90 billion
of which 67%
was Community Banking).
Sales Analysis.
Chemical Financial reported sales of $2.24 billion
for the
year ending
December of 2020.
This
represents
an
increase of 10.1%
versus 2019, when the company's sales were $2.03 billion.
Sales at Chemical Financial have increased during each of the previous five years
(and since 2015, sales have increased a total of 501%).
Sales of Consumer Banking saw an increase
that was more than double the company's growth rate: sales were up
21.2% in 2020, from
$950.47 million to $1.15 billion.
Chemical Financial also saw significant increases in sales in
Commercial Banking (up 20.2% to $883.49 million)
.
Not all segments of Chemical Financial experienced an increase in sales in 2020:
sales of Enterprise Services fell 72.7% to $18.84 million.
(However, this segment's sales were only a very small portion of the company's overall sales).