Revenue during the quarter surged 92.93 percent to $180.44 million from $93.53 million in the previous year period. Net interest income for the quarter rose 75.48 percent over the prior year period to $132.45 million. Non-interest income for the quarter rose 170.62 percent over the last year period to $54.26 million.

Chemical Financial Corporation has made provision of $6.27 million for loan losses during the quarter, up 213.60 percent from $2 million in the same period last year.

Net interest margin contracted 8 basis points to 3.56 percent in the quarter from 3.64 percent in the last year period. Efficiency ratio for the quarter deteriorated to 61.20 percent from 60.50 percent in the previous year period. A rise in efficiency ratio suggests a fall in profitability.

"Our fourth quarter financial results reflect both a solid finish to a milestone year and a strong base from which Chemical Financial Corporation will move forward. During the quarter, we completed the integration of Talmer Bank and Chemical Bank, our fourth successful integration over the past two years. Continued stable economic conditions in our core markets facilitated significant organic loan growth during the quarter, and we believe we have an attractive pipeline as we look forward to 2017," noted David B. Ramaker, chief executive officer and president of the Corporation. "Since year-end 2014, we have more than doubled our asset base and expanded our delivery network beyond Michigan into northeast Ohio and northern Indiana. We have paired a targeted acquisition strategy with attractive organic growth across the Chemical franchise to achieve these results, never losing sight of our primary goal of meeting the financial service needs of the communities we serve and delivering strong results for our shareholders."

Noninterest-bearing deposit liabilities were $3,341.52 million or 25.96 percent of total deposits on Dec. 31, 2016, compared with $1,934.58 million or 25.94 percent of total deposits on Dec. 31, 2015.

Investments stood at $1,858.39 million as on Dec. 31, 2016, up 74.71 percent or $794.69 million from year-ago. Shareholders equity stood at $2,581.53 million as on Dec. 31, 2016, up 154.09 percent or $1,565.55 million from year-ago.

Return on average assets moved down 2 basis points to 1.09 percent in the quarter from 1.11 percent in the last year period. At the same time, return on average equity decreased 280 basis points to 7.40 percent in the quarter from 10.20 percent in the last year period.

Nonperforming assets moved down 14.74 percent or $10.64 million to $61.52 million on Dec. 31, 2016 from $72.16 million on Dec. 31, 2015.

Average equity to average assets ratio was 14.90 percent for the quarter, up from 10.90 percent for the previous year quarter. Book value per share was $36.57 for the quarter, up 37.38 percent or $9.95 compared to $26.62 for the same period last year.