Talmer Bancorp Inc (TLMR) 23.26 $TLMR
Chemical Financial Corporation Completes Merger With Talmer Bancorp, Inc.
GlobeNewswire - Wed Aug 31, 4:02PM CDT
Chemical Financial Corporation ("Chemical"
(Nasdaq:CHFC), holding company for Chemical Bank, announced today that it completed its previously announced merger with Talmer Bancorp, Inc. ("Talmer" , holding company for Talmer Bank and Trust, in a cash and stock transaction valued at approximately $1.7 billion based on Chemical's closing stock price on August 31, 2016. Subsequent to the closing, Chemical and its affiliates had, on a pro forma basis as of June 30, 2016, $17.2 billion in consolidated assets, $12.7 billion in consolidated loans, and $12.7 billion in consolidated deposits, with 262 locations primarily in Michigan, Northeast Ohio and other contiguous states.
TLMR: 23.26 (-0.44), GM: 32.16 (+0.36), CHFC: 44.36 (-0.65)
Chemical Financial Set to Join S&P MidCap 400; Supervalu, Shoe Carnival and Eagle Pharmaceuticals to Join S&P SmallCap 600
PR Newswire - Mon Aug 22, 4:51PM CDT
S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
SPGI: 125.43 (+1.49), TLMR: 23.26 (-0.44), SVU: 5.72 (+0.21), SCVL: 26.17 (-0.01), FCFS: 52.83 (+2.51), SGNT: 21.76 (+0.03), EGRX: 60.34 (+1.32), CHFC: 44.36 (-0.65), CSH: 42.20 (-1.33)
Chemical Financial Corporation Announces Third Quarter Cash Dividend
GlobeNewswire - Wed Aug 17, 7:01AM CDT
Chemical Financial Corporation (NASDAQ:CHFC) today announced that the Board of Directors of the Corporation declared a third quarter 2016 cash dividend on its common stock of $0.27 per share, representing a 3.8% increase over the second quarter 2016 cash dividend of $0.26 per share. The third quarter 2016 dividend will be payable on September 16, 2016, to shareholders of record on August 30, 2016. The ex-dividend date is August 26, 2016.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Chemical Financial Hits 52-Week High as Deal Gets Fed Nod
Zacks Equity Research - Zacks Investment Research - Thu Aug 11, 8:21AM CDT
Shares of Chemical Financial Corporation (CHFC) touched a 52-week high of $43.73 during the first half of the trading session on Aug 10.
TLMR: 23.26 (-0.44), FMBI: 19.80 (+0.25), EFSC: 31.23 (+0.17), CHFC: 44.36 (-0.65)
Chemical Financial Corporation Receives Regulatory Approvals of Its Merger With Talmer Bancorp, Inc.
GlobeNewswire - Wed Aug 10, 3:01PM CDT
Chemical Financial Corporation ("Chemical" (Nasdaq:CHFC), holding company for Chemical Bank, announced today that it has received regulatory approvals of the merger between Chemical and Talmer Bancorp, Inc. ("Talmer" from the State of Michigan Department of Insurance and Financial Services and the Board of Governors of the Federal Reserve System. Chemical and Talmer previously received approval of the merger from their respective shareholders. Chemical and Talmer expect that the closing of the merger will occur on August 31, 2016.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Old Second Announces Agreement to Acquire the Chicago Branch of Talmer Bank and Trust
PR Newswire - Mon Aug 01, 8:00AM CDT
Old Second Bancorp, Inc. (the "Company" or "Old Second" (NASDAQ: OSBC) today announced that its banking subsidiary, Old Second National Bank (the "Bank" , has agreed to acquire the Chicago branch of Talmer Bank and Trust, the banking subsidiary of Talmer Bancorp, Inc. ("Talmer" (NASDAQ: TLMR), including approximately $82 million of deposits and approximately $238 million of loans.
TLMR: 23.26 (-0.44), OSBC: 8.11 (-0.08)
Talmer Bancorp, Inc. reports second quarter 2016 net income of $20.2 million, representing $0.28 of earnings per diluted average common share
PR Newswire - Wed Jul 27, 3:15PM CDT
Talmer Bancorp, Inc. (NASDAQ: TLMR) ("Talmer" today reported second quarter 2016 net income of $20.2 million, compared to $21.2 million for the first quarter of 2016 and $17.5 million for the second quarter of 2015. Earnings per diluted average common share were $0.28 for the second quarter of 2016, compared to $0.30 for the first quarter of 2016 and $0.23 for the second quarter of 2015. Core earnings per diluted average common share, a non-GAAP financial measurement, were $0.28 for the second quarter of 2016, compared to $0.31 and $0.28 for the first quarter of 2016 and the second quarter of 2015, respectively. Please see the section entitled "Reconciliation of Non-GAAP Financial Measures", for a discussion on the limitations of our core earnings per diluted average common share and a reconciliation of this non-GAAP financial measure to the most comparable GAAP measure.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Talmer Bancorp, Inc. (TLMR)
PR Newswire - Mon Jun 20, 9:17AM CDT
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, notifies investors of class action against Talmer Bancorp, Inc. ("Talmer" or "the Company" (NASDAQ: TLMR). The class action has been filed in the Eastern District of Michigan on behalf of a class consisting of all persons or entities who purchased Talmer common stock on January 26, 2016, in connection with the proposed acquisition of Talmer by Chemical Financial Corporation ("Chemical" .
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Talmer Bancorp, Inc.
PR Newswire - Fri Jun 17, 12:48PM CDT
Robbins Geller Rudman & Dowd LLP ("Robbins Geller" (http://www.rgrdlaw.com/cases/talmer/) today announced that a class action has been commenced by an institutional investor on behalf of holders of Talmer Bancorp, Inc. ("Talmer" (NASDAQ:TLMR) common stock on January 26, 2016, in connection with the proposed acquisition of Talmer by Chemical Financial Corporation ("Chemical" . This action was filed in the Eastern District of Michigan and is captioned City of Livonia Employees' Retirement System v. Talmer Bancorp, Inc., et al., No. 16-cv-12229-MAG-SDD.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Talmer posts 1Q profit
Automated Insights - Wed Apr 27, 6:41PM CDT
TROY, Mich. (AP) _ Talmer Bancorp Inc. (TLMR) on Wednesday reported first-quarter net income of $19.7 million.
TLMR: 23.26 (-0.44)
Talmer Bancorp, Inc. reports first quarter 2016 net income of $19.7 million, representing $0.28 of earnings per diluted average common share
PR Newswire - Wed Apr 27, 4:07PM CDT
Talmer Bancorp, Inc. (NASDAQ: TLMR) ("Talmer" today reported first quarter 2016 net income of $19.7 million, compared to $13.1 million for the fourth quarter of 2015 and $9.4 million for the first quarter of 2015. Earnings per diluted common share were $0.28 for the first quarter of 2016, compared to $0.19 for the fourth quarter of 2015 and $0.12 for the first quarter of 2015. Core earnings per diluted average share, a non-GAAP financial measurement, was $0.31 per diluted average common share for the first quarter of 2016, compared to $0.38 and $0.20 per diluted average common share for the fourth quarter of 2015 and the first quarter of 2015, respectively. In addition, on April 27, 2016, the Board of Directors of Talmer declared a quarterly cash dividend on its Class A common stock of $0.05 per share. The dividend will be paid on May 25, 2016, to our Class A common shareholders of record as of May 11, 2016. Please see the section entitled "Reconciliation of Non-GAAP Financial Measures", for a discussion on the limitations of our core earnings per average diluted share and a reconciliation of this non-GAAP financial measure to the most comparable GAAP measure.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Chemical Financial Corporation Reports 2016 First Quarter Operating Results
GlobeNewswire - Fri Apr 15, 3:01PM CDT
Chemical Financial Corporation ("Corporation" or "Chemical" (NASDAQ:CHFC) today announced 2016 first quarter net income of $23.3 million, or $0.60 per diluted share, compared to 2015 fourth quarter net income of $25.5 million, or $0.66 per diluted share and 2015 first quarter net income of $17.8 million, or $0.54 per diluted share. Excluding merger and acquisition-related transaction expenses ("transaction expenses" , net income in the first quarter of 2016 was $24.9 million, or $0.65 per diluted share, compared to $26.9 million, or $0.70 per diluted share, in the fourth quarter of 2015 and $18.7 million, or $0.57 per diluted share, in the first quarter of 2015.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
TALMER BANCORP MERGER INVESTIGATION ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Talmer Bancorp, Inc.
GlobeNewswire - Mon Feb 08, 5:20PM CST
Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Talmer Bancorp, Inc. ("Talmer Bancorp" or the "Company" relating to the sale of the Company to Chemical Financial Corporation ("Chemical Financial" . On January 26, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Chemical Financial will acquire Talmer Bancorp in a merger in a deal worth $1.1 billion. As a result of the merger, Talmer Bancorp shareholders are only anticipated to receive $1.61 per share in cash and 0.4725 shares of Chemical Financial stock in exchange for each share of Talmer Bancorp. The total consideration Talmer Bancorp shareholders anticipate receiving is roughly $15.64 per share.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
INVESTOR ALERT: The Law Offices of Vincent Wong Launches an Investigation of the Board of Directors of Talmer Bancorp, Inc. Regarding the Sale of the Company to Chemical Financial Corporation
BusinessWire - Mon Feb 08, 3:03PM CST
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Talmer Bancorp, Inc. (NASDAQ:TLMR) ("Talmer" or "the Company" in connection with the sale of the Company to Chemical Financial Corporation (NASDAQ:CHFC). Under the terms of the transaction, Talmer shareholders will receive 0.4725 shares of Chemical common stock and $1.61 in cash for each share of Talmer stock they own, representing an approximate value of $15.64 per share.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
First Niagara Q4 Earnings Meet Estimates, Revenues Beat
Zacks Equity Research - Zacks Investment Research - Mon Feb 08, 8:30AM CST
First Niagara's fourth-quarter 2015 operating earnings of 15 cents per share came in line with the Zacks Consensus Estimate, but decreased 11.8% year over year
TLMR: 23.26 (-0.44), FNFG: 10.18 (-0.02), DCOM: 18.02 (+0.20), KEY: 12.55 (+0.11)
TALMER SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Talmer Bancorp, Inc. (TLMR) Over the Proposed Sale of the Company to Chemical Financial Corp.
PR Newswire - Mon Feb 01, 4:40PM CST
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Talmer Bancorp, Inc. ("Talmer" or the "Company" (NasdaqCM:TLMR) for potential breaches of fiduciary duties in connection with the sale of the Company to Chemical Financial Corp. for approximately $1.1 billion.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Milberg is investigating whether Talmer Bancorp, Inc.'s (TLMR) Board of Directors maximized shareholder value in connection with the proposed acquisition of Talmer by Chemical Financial Corporation
PR Newswire - Mon Feb 01, 9:59AM CST
Milberg LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Talmer Bancorp, Inc. ("Talmer" or the "Company" (Nasdaq: TLMR) in connection with the proposed acquisition of the Company by Chemical Financial Corporation ("Chemical" . On January 26, 2016, Talmer and Chemical jointly announced the proposed acquisition of Talmer, pursuant to which Talmer stockholders will receive 0.4725 shares of Chemical and $1.61 in cash for each share of Talmer stock they own, representing total consideration of $15.64 per share. Upon completion of the transaction, Talmer stockholders will own only 45% of the newly combined company. Milberg is investigating the Talmer Board of Directors' decision to sell Talmer and whether Talmer stockholders will obtain their fair and proportionate share of the Company's value, reflected by its continued success and future growth prospects.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Talmer Bancorp reports Q4 2015 net income of USD13m
M2 - Mon Feb 01, 7:42AM CST
Talmer Bancorp, Inc. (NASDAQ: TLMR) has reported fourth quarter 2015 net income of USD13.1 million, compared to USD20.0 million for the third quarter of 2015 and USD12.5 million for the fourth quarter of 2014, the company said. Earnings per diluted common share were USD0.19 for the fourth quarter of 2015, compared to USD0.27 for the third quarter of 2015 and USD0.16 for the fourth quarter of 2014. In addition, on January 25, 2016, the board of directors of Talmer increased the quarterly cash dividend on its Class A common stock to USD0.05 from USD0.01 per share. The dividend will be paid on February 18, 2016, to Class A common shareholders of record as of February 4, 2016. On December 28, 2015, Talmer Bank and Trust entered into an early termination agreement with the Federal Deposit Insurance Corporation (FDIC) that terminated the bank's loss share agreements with the FDIC. Also on December 28, 2015, Talmer entered into an agreement with the FDIC that terminated the FDIC's warrant to purchase 390,000 shares of Class B non-voting common stock. The early loss share and warrant termination resulted in a pre-tax charge of USD20.4 million, or approximately USD13.9 million, or USD0.20 per diluted average share, after-tax. Total deposits in the fourth quarter 2015 declined USD110.9 million, to USD5.0 billion as of December 31, 2015, compared to September 30, 2015, primarily due to a decline in brokered deposits of USD106.6 million. Net interest income increased to USD58.4 million in the fourth quarter of 2015, compared to USD55.6 million in the third quarter of 2015. Net interest income growth was primarily due to the benefit provided by a USD4.4 million reduction in negative accretion on the FDIC indemnification asset, partially offset by a USD1.7 million decrease in interest on loans due significantly to the run-off of acquired, higher-yielding loans. Net interest income for the fourth quarter of 2015 was USD58.4 million, compared to USD55.6 million in the prior quarter. Net interest margin was 3.89 percent in the fourth quarter of 2015, an increase of 13 basis points from 3.76 percent in the third quarter of 2015. Noninterest income increased USD4.2 million to USD23.6 million in the fourth quarter of 2015, compared to the third quarter of 2015. The most significant contributor to this increase was an increase in mortgage banking and other loan fees of USD5.6 million. Total assets increased USD91.9 million to USD6.6 billion at December 31, 2015 compared to USD6.5 billion at September 30, 2015. The primary drivers of the increase in assets in the quarter ended December 31, 2015 were increases in net total loans of USD107.0 million and cash and cash equivalents of USD57.8 million, partially offset by a decrease in loans held for sale of USD42.0 million and the elimination of the FDIC indemnification asset of USD30.6 million and the FDIC receivable of USD2.6 million. Talmer Bancorp, Inc. is the holding company for Talmer Bank and Trust. Talmer Bank and Trust operates branches and lending offices in Michigan, Ohio, Illinois, Indiana, Maryland and Nevada and offers a full suite of commercial and retail banking, mortgage banking, wealth management and trust services to small and medium-sized businesses and individuals.
TLMR: 23.26 (-0.44)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Talmer Bancorp, Inc.
BusinessWire - Fri Jan 29, 8:05PM CST
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Talmer Bancorp, Inc. ("Talmer" or "the Company" (Nasdaq: TLMR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Chemical Financial Corp. ("Chemical Financial" .
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Talmer Bancorp Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Talmer Bancorp, Inc.
PR Newswire - Fri Jan 29, 10:22AM CST
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF" are investigating the proposed sale of Talmer Bancorp, Inc. ("Talmer" or the "Company" (NASDAQ: TLMR) to Chemical Financial Corporation (NASDAQ: CHFC). Under the terms of the proposed transaction, shareholders of Talmer will receive only 0.4725 shares of Chemical common stock and $1.61 in cash for each share of Talmer that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Chemical Financial Corporation Completes Merger With Talmer Bancorp, Inc.
GlobeNewswire - Wed Aug 31, 4:02PM CDT
Chemical Financial Corporation ("Chemical"
(Nasdaq:CHFC), holding company for Chemical Bank, announced today that it completed its previously announced merger with Talmer Bancorp, Inc. ("Talmer" , holding company for Talmer Bank and Trust, in a cash and stock transaction valued at approximately $1.7 billion based on Chemical's closing stock price on August 31, 2016. Subsequent to the closing, Chemical and its affiliates had, on a pro forma basis as of June 30, 2016, $17.2 billion in consolidated assets, $12.7 billion in consolidated loans, and $12.7 billion in consolidated deposits, with 262 locations primarily in Michigan, Northeast Ohio and other contiguous states. TLMR: 23.26 (-0.44), GM: 32.16 (+0.36), CHFC: 44.36 (-0.65)
Chemical Financial Set to Join S&P MidCap 400; Supervalu, Shoe Carnival and Eagle Pharmaceuticals to Join S&P SmallCap 600
PR Newswire - Mon Aug 22, 4:51PM CDT
S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
SPGI: 125.43 (+1.49), TLMR: 23.26 (-0.44), SVU: 5.72 (+0.21), SCVL: 26.17 (-0.01), FCFS: 52.83 (+2.51), SGNT: 21.76 (+0.03), EGRX: 60.34 (+1.32), CHFC: 44.36 (-0.65), CSH: 42.20 (-1.33)
Chemical Financial Corporation Announces Third Quarter Cash Dividend
GlobeNewswire - Wed Aug 17, 7:01AM CDT
Chemical Financial Corporation (NASDAQ:CHFC) today announced that the Board of Directors of the Corporation declared a third quarter 2016 cash dividend on its common stock of $0.27 per share, representing a 3.8% increase over the second quarter 2016 cash dividend of $0.26 per share. The third quarter 2016 dividend will be payable on September 16, 2016, to shareholders of record on August 30, 2016. The ex-dividend date is August 26, 2016.
TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Chemical Financial Hits 52-Week High as Deal Gets Fed Nod
Zacks Equity Research - Zacks Investment Research - Thu Aug 11, 8:21AM CDT
Shares of Chemical Financial Corporation (CHFC) touched a 52-week high of $43.73 during the first half of the trading session on Aug 10.
TLMR: 23.26 (-0.44), FMBI: 19.80 (+0.25), EFSC: 31.23 (+0.17), CHFC: 44.36 (-0.65)
Chemical Financial Corporation Receives Regulatory Approvals of Its Merger With Talmer Bancorp, Inc.
GlobeNewswire - Wed Aug 10, 3:01PM CDT
Chemical Financial Corporation ("Chemical"
(Nasdaq:CHFC), holding company for Chemical Bank, announced today that it has received regulatory approvals of the merger between Chemical and Talmer Bancorp, Inc. ("Talmer" from the State of Michigan Department of Insurance and Financial Services and the Board of Governors of the Federal Reserve System. Chemical and Talmer previously received approval of the merger from their respective shareholders. Chemical and Talmer expect that the closing of the merger will occur on August 31, 2016. TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Old Second Announces Agreement to Acquire the Chicago Branch of Talmer Bank and Trust
PR Newswire - Mon Aug 01, 8:00AM CDT
Old Second Bancorp, Inc. (the "Company" or "Old Second"
(NASDAQ: OSBC) today announced that its banking subsidiary, Old Second National Bank (the "Bank" , has agreed to acquire the Chicago branch of Talmer Bank and Trust, the banking subsidiary of Talmer Bancorp, Inc. ("Talmer" (NASDAQ: TLMR), including approximately $82 million of deposits and approximately $238 million of loans. TLMR: 23.26 (-0.44), OSBC: 8.11 (-0.08)
Talmer Bancorp, Inc. reports second quarter 2016 net income of $20.2 million, representing $0.28 of earnings per diluted average common share
PR Newswire - Wed Jul 27, 3:15PM CDT
Talmer Bancorp, Inc. (NASDAQ: TLMR) ("Talmer"
today reported second quarter 2016 net income of $20.2 million, compared to $21.2 million for the first quarter of 2016 and $17.5 million for the second quarter of 2015. Earnings per diluted average common share were $0.28 for the second quarter of 2016, compared to $0.30 for the first quarter of 2016 and $0.23 for the second quarter of 2015. Core earnings per diluted average common share, a non-GAAP financial measurement, were $0.28 for the second quarter of 2016, compared to $0.31 and $0.28 for the first quarter of 2016 and the second quarter of 2015, respectively. Please see the section entitled "Reconciliation of Non-GAAP Financial Measures", for a discussion on the limitations of our core earnings per diluted average common share and a reconciliation of this non-GAAP financial measure to the most comparable GAAP measure. TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Talmer Bancorp, Inc. (TLMR)
PR Newswire - Mon Jun 20, 9:17AM CDT
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, notifies investors of class action against Talmer Bancorp, Inc. ("Talmer" or "the Company"
(NASDAQ: TLMR). The class action has been filed in the Eastern District of Michigan on behalf of a class consisting of all persons or entities who purchased Talmer common stock on January 26, 2016, in connection with the proposed acquisition of Talmer by Chemical Financial Corporation ("Chemical" . TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Talmer Bancorp, Inc.
PR Newswire - Fri Jun 17, 12:48PM CDT
Robbins Geller Rudman & Dowd LLP ("Robbins Geller"
(http://www.rgrdlaw.com/cases/talmer/) today announced that a class action has been commenced by an institutional investor on behalf of holders of Talmer Bancorp, Inc. ("Talmer" (NASDAQ:TLMR) common stock on January 26, 2016, in connection with the proposed acquisition of Talmer by Chemical Financial Corporation ("Chemical" . This action was filed in the Eastern District of Michigan and is captioned City of Livonia Employees' Retirement System v. Talmer Bancorp, Inc., et al., No. 16-cv-12229-MAG-SDD. TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Talmer posts 1Q profit
Automated Insights - Wed Apr 27, 6:41PM CDT
TROY, Mich. (AP) _ Talmer Bancorp Inc. (TLMR) on Wednesday reported first-quarter net income of $19.7 million.
TLMR: 23.26 (-0.44)
Talmer Bancorp, Inc. reports first quarter 2016 net income of $19.7 million, representing $0.28 of earnings per diluted average common share
PR Newswire - Wed Apr 27, 4:07PM CDT
Talmer Bancorp, Inc. (NASDAQ: TLMR) ("Talmer"
today reported first quarter 2016 net income of $19.7 million, compared to $13.1 million for the fourth quarter of 2015 and $9.4 million for the first quarter of 2015. Earnings per diluted common share were $0.28 for the first quarter of 2016, compared to $0.19 for the fourth quarter of 2015 and $0.12 for the first quarter of 2015. Core earnings per diluted average share, a non-GAAP financial measurement, was $0.31 per diluted average common share for the first quarter of 2016, compared to $0.38 and $0.20 per diluted average common share for the fourth quarter of 2015 and the first quarter of 2015, respectively. In addition, on April 27, 2016, the Board of Directors of Talmer declared a quarterly cash dividend on its Class A common stock of $0.05 per share. The dividend will be paid on May 25, 2016, to our Class A common shareholders of record as of May 11, 2016. Please see the section entitled "Reconciliation of Non-GAAP Financial Measures", for a discussion on the limitations of our core earnings per average diluted share and a reconciliation of this non-GAAP financial measure to the most comparable GAAP measure. TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Chemical Financial Corporation Reports 2016 First Quarter Operating Results
GlobeNewswire - Fri Apr 15, 3:01PM CDT
Chemical Financial Corporation ("Corporation" or "Chemical"
(NASDAQ:CHFC) today announced 2016 first quarter net income of $23.3 million, or $0.60 per diluted share, compared to 2015 fourth quarter net income of $25.5 million, or $0.66 per diluted share and 2015 first quarter net income of $17.8 million, or $0.54 per diluted share. Excluding merger and acquisition-related transaction expenses ("transaction expenses" , net income in the first quarter of 2016 was $24.9 million, or $0.65 per diluted share, compared to $26.9 million, or $0.70 per diluted share, in the fourth quarter of 2015 and $18.7 million, or $0.57 per diluted share, in the first quarter of 2015. TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
TALMER BANCORP MERGER INVESTIGATION ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Talmer Bancorp, Inc.
GlobeNewswire - Mon Feb 08, 5:20PM CST
Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Talmer Bancorp, Inc. ("Talmer Bancorp" or the "Company"
relating to the sale of the Company to Chemical Financial Corporation ("Chemical Financial" . On January 26, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Chemical Financial will acquire Talmer Bancorp in a merger in a deal worth $1.1 billion. As a result of the merger, Talmer Bancorp shareholders are only anticipated to receive $1.61 per share in cash and 0.4725 shares of Chemical Financial stock in exchange for each share of Talmer Bancorp. The total consideration Talmer Bancorp shareholders anticipate receiving is roughly $15.64 per share. TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
INVESTOR ALERT: The Law Offices of Vincent Wong Launches an Investigation of the Board of Directors of Talmer Bancorp, Inc. Regarding the Sale of the Company to Chemical Financial Corporation
BusinessWire - Mon Feb 08, 3:03PM CST
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Talmer Bancorp, Inc. (NASDAQ:TLMR) ("Talmer" or "the Company"
in connection with the sale of the Company to Chemical Financial Corporation (NASDAQ:CHFC). Under the terms of the transaction, Talmer shareholders will receive 0.4725 shares of Chemical common stock and $1.61 in cash for each share of Talmer stock they own, representing an approximate value of $15.64 per share. TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
First Niagara Q4 Earnings Meet Estimates, Revenues Beat
Zacks Equity Research - Zacks Investment Research - Mon Feb 08, 8:30AM CST
First Niagara's fourth-quarter 2015 operating earnings of 15 cents per share came in line with the Zacks Consensus Estimate, but decreased 11.8% year over year
TLMR: 23.26 (-0.44), FNFG: 10.18 (-0.02), DCOM: 18.02 (+0.20), KEY: 12.55 (+0.11)
TALMER SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Talmer Bancorp, Inc. (TLMR) Over the Proposed Sale of the Company to Chemical Financial Corp.
PR Newswire - Mon Feb 01, 4:40PM CST
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Talmer Bancorp, Inc. ("Talmer" or the "Company"
(NasdaqCM:TLMR) for potential breaches of fiduciary duties in connection with the sale of the Company to Chemical Financial Corp. for approximately $1.1 billion. TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Milberg is investigating whether Talmer Bancorp, Inc.'s (TLMR) Board of Directors maximized shareholder value in connection with the proposed acquisition of Talmer by Chemical Financial Corporation
PR Newswire - Mon Feb 01, 9:59AM CST
Milberg LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Talmer Bancorp, Inc. ("Talmer" or the "Company"
(Nasdaq: TLMR) in connection with the proposed acquisition of the Company by Chemical Financial Corporation ("Chemical" . On January 26, 2016, Talmer and Chemical jointly announced the proposed acquisition of Talmer, pursuant to which Talmer stockholders will receive 0.4725 shares of Chemical and $1.61 in cash for each share of Talmer stock they own, representing total consideration of $15.64 per share. Upon completion of the transaction, Talmer stockholders will own only 45% of the newly combined company. Milberg is investigating the Talmer Board of Directors' decision to sell Talmer and whether Talmer stockholders will obtain their fair and proportionate share of the Company's value, reflected by its continued success and future growth prospects. TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Talmer Bancorp reports Q4 2015 net income of USD13m
M2 - Mon Feb 01, 7:42AM CST
Talmer Bancorp, Inc. (NASDAQ: TLMR) has reported fourth quarter 2015 net income of USD13.1 million, compared to USD20.0 million for the third quarter of 2015 and USD12.5 million for the fourth quarter of 2014, the company said. Earnings per diluted common share were USD0.19 for the fourth quarter of 2015, compared to USD0.27 for the third quarter of 2015 and USD0.16 for the fourth quarter of 2014. In addition, on January 25, 2016, the board of directors of Talmer increased the quarterly cash dividend on its Class A common stock to USD0.05 from USD0.01 per share. The dividend will be paid on February 18, 2016, to Class A common shareholders of record as of February 4, 2016. On December 28, 2015, Talmer Bank and Trust entered into an early termination agreement with the Federal Deposit Insurance Corporation (FDIC) that terminated the bank's loss share agreements with the FDIC. Also on December 28, 2015, Talmer entered into an agreement with the FDIC that terminated the FDIC's warrant to purchase 390,000 shares of Class B non-voting common stock. The early loss share and warrant termination resulted in a pre-tax charge of USD20.4 million, or approximately USD13.9 million, or USD0.20 per diluted average share, after-tax. Total deposits in the fourth quarter 2015 declined USD110.9 million, to USD5.0 billion as of December 31, 2015, compared to September 30, 2015, primarily due to a decline in brokered deposits of USD106.6 million. Net interest income increased to USD58.4 million in the fourth quarter of 2015, compared to USD55.6 million in the third quarter of 2015. Net interest income growth was primarily due to the benefit provided by a USD4.4 million reduction in negative accretion on the FDIC indemnification asset, partially offset by a USD1.7 million decrease in interest on loans due significantly to the run-off of acquired, higher-yielding loans. Net interest income for the fourth quarter of 2015 was USD58.4 million, compared to USD55.6 million in the prior quarter. Net interest margin was 3.89 percent in the fourth quarter of 2015, an increase of 13 basis points from 3.76 percent in the third quarter of 2015. Noninterest income increased USD4.2 million to USD23.6 million in the fourth quarter of 2015, compared to the third quarter of 2015. The most significant contributor to this increase was an increase in mortgage banking and other loan fees of USD5.6 million. Total assets increased USD91.9 million to USD6.6 billion at December 31, 2015 compared to USD6.5 billion at September 30, 2015. The primary drivers of the increase in assets in the quarter ended December 31, 2015 were increases in net total loans of USD107.0 million and cash and cash equivalents of USD57.8 million, partially offset by a decrease in loans held for sale of USD42.0 million and the elimination of the FDIC indemnification asset of USD30.6 million and the FDIC receivable of USD2.6 million. Talmer Bancorp, Inc. is the holding company for Talmer Bank and Trust. Talmer Bank and Trust operates branches and lending offices in Michigan, Ohio, Illinois, Indiana, Maryland and Nevada and offers a full suite of commercial and retail banking, mortgage banking, wealth management and trust services to small and medium-sized businesses and individuals.
TLMR: 23.26 (-0.44)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Talmer Bancorp, Inc.
BusinessWire - Fri Jan 29, 8:05PM CST
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Talmer Bancorp, Inc. ("Talmer" or "the Company"
(Nasdaq: TLMR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Chemical Financial Corp. ("Chemical Financial" . TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
Talmer Bancorp Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Talmer Bancorp, Inc.
PR Newswire - Fri Jan 29, 10:22AM CST
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF"
are investigating the proposed sale of Talmer Bancorp, Inc. ("Talmer" or the "Company" (NASDAQ: TLMR) to Chemical Financial Corporation (NASDAQ: CHFC). Under the terms of the proposed transaction, shareholders of Talmer will receive only 0.4725 shares of Chemical common stock and $1.61 in cash for each share of Talmer that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. TLMR: 23.26 (-0.44), CHFC: 44.36 (-0.65)
