Newsroom

Corporate & Financial

  • 2/19/19
    WAYZATA, Minn.--(BUSINESS WIRE)--The Board of Directors of TCF Financial Corporation (“TCF”) (NYSE: TCF) today announced that Dr. Theresa M. H. Wise has been elected to the TCF Board of Directors, effective immediately. Dr. Wise will initially serve on the Technology Committee, Risk Committee, and Finance Committee. Dr. Wise currently serves as CEO and Principal for Utaza, LLC, a business advisory group focused on IT strategy, customer data analyticsmore...
  • 2/15/19
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced its annual meeting of stockholders will be held on Wednesday, April 24, 2019 at 4:00 p.m. CDT at the DoubleTree by Hilton Minneapolis – Park Place, 1500 Park Place Boulevard, Minneapolis, Minnesota. Holders of record of TCF common stock at the close of business on February 25, 2019 will be eligible to vote at the annual meeting. TCF’s annual meeting ofmore...
  • 2/14/19

    Three-game women’s ice hockey series February 12-17; game three on Sunday, February 17 in Detroit is the first rematch on U.S. soil of the 2018 Olympic gold-medal game

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it will serve as the presenting sponsor of the Rivalry Series game three between the women's national ice hockey teams of the U.S. and Canada on Sunday, Feb. 17. Opening faceoff is set for 12 noon ET at Little Caesar's Arena in Detroit. "We're excited to welcome TCF Bank and appreciate its support of USAmore...
  • 1/28/19

    Fourth Quarter Observations

    • Revenue of $377.0 million, up 3.9% from the fourth quarter of 2017
    • Improved efficiency ratio of 66.30%
    • Average interest-earning asset growth of 1.4% from the fourth quarter of 2017
    • Period-end loans and leases of $19.1 billion, down 0.2% from December 31, 2017; period-end loans and leases excluding auto finance up 7.5%(1) from December 31, 2017
    • Net charge-off rate of 0.46%, up 8 basis points from the fourth quarter of 2017; net charge-off rate excluding auto finance net charge-offs of 0.28%(2), up 10 basis points from the fourth quarter of 2017
    • Return on average common equity ("ROACE") of 14.30%; return on average tangible common equity ("ROATCE") of 15.59%(2)

    2018 Observations

    • Revenue of $1.5 billion, up 6.5% from 2017; net interest income of $992.0 million, up 7.2% from 2017
    • Reported efficiency ratio of 69.34%; adjusted efficiency ratio of 67.15%(2)
    • Net charge-off rate of 0.29%, up 5 basis points from 2017; net charge-off rate excluding auto finance net charge-offs and recoveries on consumer real estate loan sales of 0.14%(2), down 1 basis point from 2017
    • ROACE of 12.42%; reported ROATCE of 13.56%(2); adjusted ROATCE of 14.74%(2)
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (NYSE: TCF): Summary of Financial Results   At or For the Quarter Ended   Change From Dec. 31,   Sep. 30more...
  • 1/28/19
    • Creates a premier bank in the Midwest with $45 billion in assets
    • Enhances competitive position by delivering the scale, profitability and predictable performance required to compete and win in an evolving market
    • Merger combines two complementary platforms – strengthening each company’s standalone growth profile
    • EPS accretion, relative to consensus estimates, of 17% to Chemical shareholders and 31% to TCF shareholders; 2.7-year tangible book value per share earn back
    • Combined company retains shared values including deep community ties, customer-centric focus and commitment to performance
    • Significant operation centers in Minneapolis, Midland and Chicago
    DETROIT & WAYZATA, Minn.--(BUSINESS WIRE)--Chemical Financial Corporation (“Chemical”) (NASDAQ: CHFC) and TCF Financial Corporation (“TCF”) (NYSE: TCF) today announced the signing of a definitive agreement under which the companies will combine in an all-stock merger of equals transaction. Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, TCF will merge into Chemical, and the combined holdingmore...
  • 1/23/19
    WAYZATA, Minn.--(BUSINESS WIRE)--The Board of Directors of TCF Financial Corporation (TCF) (NYSE: TCF) today declared quarterly cash dividends on TCF’s common shares and 5.70% Series C Non-Cumulative Perpetual Preferred Stock. A quarterly cash dividend of $0.15 per common share is payable on March 1, 2019 to stockholders of record at the close of business on February 15, 2019. A quarterly cash dividend of $0.35625 per depositary sharemore...
  • 1/15/19
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced it will release its fourth quarter 2018 earnings results before the market opens on Wednesday, January 30, 2019. Craig R. Dahl, chairman and chief executive officer, will host a conference call to discuss the results at 9:00 a.m. Central Standard Time and will be joined by other TCF executives. If you would like to listen to TCF’s live conference call, pleasemore...
  • 12/19/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) and its subsidiaries announced today that they are increasing their prime rate to 5.50 percent from 5.25 percent, effective tomorrow, December 20, 2018. About TCF TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of September 30, 2018, TCF had $22.9 billion in total assets and 315 bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona and South Dakotamore...
  • 11/02/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today reminded holders of outstanding warrants to purchase common stock of TCF (NYSE: TCFWS) that the warrants will expire on Wednesday, November 14, 2018. The New York Stock Exchange (NYSE) has notified TCF that it will suspend trading in the warrants after the close of trading on Friday, November 9, 2018, in order to ensure timely settlement of any warrants that maymore...
  • 10/24/18
    WAYZATA, Minn.--(BUSINESS WIRE)--The Board of Directors of TCF Financial Corporation (TCF) (NYSE: TCF) today declared quarterly cash dividends on TCF’s common shares and 5.70% Series C Non-Cumulative Perpetual Preferred Stock. A quarterly cash dividend of $0.15 per common share is payable on December 3, 2018 to stockholders of record at the close of business on November 15, 2018. A quarterly cash dividend of $0.35625 per depositarymore...