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Corporate & Financial

  • 1/27/17

    2016 HIGHLIGHTS

    - Revenue of $1.3 billion, up 4.1 percent from 2015

    - Non-interest expense of $909.9 million, up 1.7 percent from 2015

    - Efficiency ratio of 69.25 percent, down 163 basis points from 2015

    - Period-end loans and leases of $17.8 billion, up 2.3 percent from December 31, 2015

    - Loan and lease originations of $16.8 billion, up 10.3 percent from 2015

    - Average deposits of $17.1 billion, up 7.2 percent from 2015

    - Non-accrual loans and leases of $181.4 million, down 9.5 percent from December 31, 2015

    - Net charge-offs as a percentage of average loans and leases of 0.26 percent, down 4 basis points from 2015

    - Earnings per share of $1.15, up 7.5 percent from 2015

    FOURTH QUARTER HIGHLIGHTS

    - Revenue of $327.1 million, up 1.8 percent from the fourth quarter of 2015

    - Non-interest expense of $225.4 million, up 1.2 percent from the fourth quarter of 2015

    - Efficiency ratio of 68.89 percent, down 38 basis points from the fourth quarter of 2015

    - Loan and lease originations of $4.3 billion, up 11.4 percent from the fourth quarter of 2015

    - Average deposits of $17.1 billion, up 4.8 percent from the fourth quarter of 2015

    - Net charge-offs as a percentage of average loans and leases of 0.27 percent, down 2 basis points from the fourth quarter of 2015

    - Earnings per share of 27 cents, down 6.9 percent from the fourth quarter of 2015

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (NYSE:TCB):   Summary of Financial Resultsmore...
  • 1/25/17
    WAYZATA, Minn.--(BUSINESS WIRE)--The Board of Directors of TCF Financial Corporation (TCF) (NYSE: TCB) today declared quarterly cash dividends on TCF’s common shares, 7.50% Series A Non-Cumulative Perpetual Preferred Stock and 6.45% Series B Non-Cumulative Perpetual Preferred Stock. A quarterly cash dividend of $0.075 per common share is payable on March 1, 2017 to stockholders of record at the close of business on February 15, 2017. At December 31, 2016, there weremore...
  • 1/19/17
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (“TCF”) (NYSE:TCB) today issued the following statement regarding the civil lawsuit filed by the Consumer Financial Protection Bureau (the “CFPB”) in the United States District Court – District of Minnesota related to TCF’s overdraft opt-in practices from 2010 to April, 2014. The CFPB has been reviewing TCF’s overdraft protection program as part of its ongoing focus on these programs across the banking industrymore...
  • 1/06/17
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCB) today announced it will release its fourth quarter 2016 earnings results before the market opens on Friday, January 27, 2017. Craig R. Dahl, president 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...
  • 12/14/16
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCB) and its subsidiaries announced today that they are increasing their prime rate to 3.75 percent from 3.50 percent, effective tomorrow, December 15, 2016. About TCF TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of September 30, 2016, TCF had $21.1 billion in total assets and 341 branches in Illinois, Minnesota, Michigan, Colorado,more...
  • 11/15/16

    Adams will oversee a centralized function to manage corporate development activities and strategic planning

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE:TCB) announced today that Brad Adams joined the company as executive vice president and director of corporate development & strategy. Adams is responsible for establishing an enterprise corporate development & strategy function that supports the execution of TCF’s growth pillars of diversification, profitable growth, operating leverage and core funding. He will partner with all of TCF’s businessmore...
  • 10/21/16

    THIRD QUARTER HIGHLIGHTS

    - Revenue of $331.7 million, up 4.5 percent from the third quarter of 2015

    - Non-interest expense of $228.9 million, up 3.0 percent from the third quarter of 2015

    - Efficiency ratio of 69.0 percent, down 101 basis points from the third quarter of 2015

    - Period-end loans and leases of $17.4 billion, up 1.1 percent from September 30, 2015

    - Loan and lease originations of $4.2 billion, up 8.7 percent from the third quarter of 2015

    - Average deposits of $17.1 billion, up 7.3 percent from the third quarter of 2015

    - Non-accrual loans and leases of $190.0 million, down 7.8 percent from September 30, 2015

    - Net charge-offs as a percentage of average loans and leases of 0.26 percent, up 3 basis points from the third quarter of 2015

    - Earnings per share of 31 cents, up 6.9 percent from the third quarter of 2015

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (NYSE: TCB):   Summary of Financial Resultsmore...
  • 10/19/16
    WAYZATA, Minn.--(BUSINESS WIRE)--The Board of Directors of TCF Financial Corporation (TCF) (NYSE: TCB) today declared quarterly cash dividends on TCF’s common shares, 7.50% Series A Non-Cumulative Perpetual Preferred Stock and 6.45% Series B Non-Cumulative Perpetual Preferred Stock. A quarterly cash dividend of $0.075 per common share is payable on December 1, 2016 to stockholders of record at the close of business on November 15, 2016. At September 30, 2016, theremore...
  • 10/11/16
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCB) today announced it will release its third quarter 2016 earnings results before the market opens on Friday, October 21, 2016. Craig R. Dahl, president 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...
  • 9/19/16

    TCF among first banks to offer consumers emerging payment technology and chip-enabled cards that are instantly issued in branch

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (NYSE: TCB), today announced the availability of its new chip-enabled TCF Debit Card with contactless payment capability. The enhanced debit card enables consumers to make purchases more quickly and securely at payment terminals, while still providing the same convenient access to cash and purchases. TCF also is among the first banks in the country to offer the ability tomore...