Newsroom

Corporate & Financial

  • 4/23/18

    FIRST QUARTER OBSERVATIONS

    • Revenue of $355.4 million, up 9.1 percent from the first quarter of 2017
    • Net interest income of $243.2 million, up 9.5 percent from the first quarter of 2017
    • Net interest margin of 4.59 percent, up 13 basis points from the first quarter of 2017
    • Period-end loans and leases of $19.4 billion, up 7.8 percent from March 31, 2017
    • Net charge-offs as a percentage of average loans and leases of 0.29 percent, up 18 basis points from the first quarter of 2017
    • Non-accrual loans and leases of $126.4 million, down 9.0 percent from March 31, 2017
    • Average deposits of $18.3 billion, up 7.0 percent from the first quarter of 2017
    • Efficiency ratio of 69.21 percent, improved 572 basis points from the first quarter of 2017
    • Earnings per share of 39 cents, up 14 cents from the first quarter of 2017. Impact of 2 cents per share related to the redemption of the 6.45% Series B non-cumulative perpetual preferred stock.
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (NYSE: TCF):                       Summary of Financial Resultsmore...
  • 4/19/18
    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 June 1, 2018 to stockholders of record at the close of business on May 15, 2018. At March 31, 2018, there were 169.4 million common shares outstanding listed on the New York Stockmore...
  • 4/13/18

    IDC predicts that 80% of new IT infrastructure purchases will be on a pay-as-you-go basis by 2020, but vendor-based offers leave customers stranded with legacy investments.

    RALEIGH, N.C. & MINNETONKA, Minn.--(BUSINESS WIRE)--6fusion and Winthrop Resources Corporation (Winthrop), a division of TCF Bank and an indirect subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced a new program allowing companies to rapidly switch their IT investments to true pay-as-you-go consumption. The new service is designed for companies that urgently want the financial benefits of cloud computing, but wish to keep the flexibility and control of on premisemore...
  • 4/11/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced it will release its first quarter 2018 earnings results before the market opens on Monday, April 23, 2018. Craig R. Dahl, chairman and chief executive officer, will host a conference call to discuss the results at 9:00 a.m. Central Daylight Time and will be joined by other TCF executives. If you would like to listen to TCF’s live conference call, please dial (844) 580-8285. A slidemore...
  • 3/21/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) and its subsidiaries announced today that they are increasing their prime rate to 4.75 percent from 4.50 percent, effective tomorrow, March 22, 2018. About TCF TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of December 31, 2017, TCF had $23.0 billion in total assets and 320 bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizonamore...
  • 2/13/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced its annual meeting of stockholders will be held on Wednesday, April 25, 2018 at 4:00 p.m. CDT at the Marriott Minneapolis West, 9960 Wayzata Boulevard, St. Louis Park, Minnesota. Holders of record of TCF common stock at the close of business on February 26, 2018 will be eligible to vote at the annual meeting. TCF’s annual meeting of stockholders will also be available via amore...
  • 1/30/18

    TCF Utilizes Tax Benefits to Give Back to Its Team Members and Communities, Invest in Its Business and Drive Shareholder Value

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (NYSE: TCF): 2018 ANNOUNCEMENTS Announced a 100 percent increase to the quarterly common stock dividend Announced the redemption of the Series B non-cumulative perpetual preferred stock on March 1, 2018 2017 OBSERVATIONS Revenue of $1.4 billion, up 4.5 percent from 2016 Net interest margin of 4.54 percent, up 20 basismore...
  • 1/30/18

    TCF declares quarterly common and preferred stock dividends, including a common stock dividend increase of 100 percent

    TCF to redeem Series B Non-Cumulative Perpetual Preferred Stock

    WAYZATA, Minn.--(BUSINESS WIRE)--The Board of Directors of TCF Financial Corporation (“TCF” or the “Company”) (NYSE: TCF) today announced significant capital actions including the declaration of quarterly cash dividends for TCF’s common and preferred stock and the redemption of TCF’s 6.45% Series B Non-Cumulative Perpetual Preferred Stock (“Series B Preferred Stock”). The Board of Directors today declared a quarterly cash dividend on TCF’s common stock in the amount ofmore...
  • 1/11/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced it will release its fourth quarter 2017 earnings results before the market opens on Tuesday, January 30, 2018. 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, please dial (844) 580-8285. A slidemore...
  • 12/29/17
    • TCF to record a one-time, estimated net tax benefit between $120 million and $140 million
    • TCF gives back $5 million in bonuses to team members and $5 million to nonprofit organizations in the communities it serves
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) announced today that as a result of the tax reform legislation enacted December 22, 2017, it will be required to revalue its deferred tax assets and deferred tax liabilities to account for the future impact of lower corporate tax rates on these deferred amounts. Based on preliminary analysis, TCF expects to record a one-time net tax benefit in an estimated amount of between $120 million and $more...