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TCF Bank

  • 11/08/18

    Donations from TCF Bank customers and team members support pioneering research and lifesaving treatment for childhood cancer and other life-threatening diseases

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), announces today that it raised nearly $170,000 for St. Jude Children’s Research Hospital®, which is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. Customers and team members from 136 branches in Illinois and Wisconsin donated money to help ensure familiesmore...
  • 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...
  • 10/22/18

    Third Quarter Observations

    • Revenue of $365.6 million, up 6.5% from the third quarter of 2017
    • Provision for credit losses of $2.3 million, which was impacted by a $6.6 million recovery on previous charge-offs related to the sale of consumer real estate non-accrual loans
    • Net interest margin of 4.66%, down 1 basis point from the second quarter of 2018, up 5 basis points from the third quarter of 2017
    • Efficiency ratio of 67.41%, down 105 basis points from the third quarter of 2017
    • Average interest-earning asset growth of 4.6% from the third quarter of 2017
    • Period-end loans and leases of $18.4 billion, down 3.0% from September 30, 2017; period-end loans and leases, excluding auto finance, up 2.5%(1) from September 30, 2017
    • Auto finance portfolio run-off of $328.1 million in the third quarter of 2018 and $924.5 million year-to-date
    • Return on average common equity ("ROACE") of 14.44%
    • Return on average tangible common equity ("ROATCE") of 15.76%(2)
    • Repurchased 0.9 million shares of common stock at a cost of $24.0 million
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (NYSE: TCF):   Summary of Financial Results   At or For the Quarter Ended   Change From Sep. 30more...
  • 10/11/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced it will release its third quarter 2018 earnings results before the market opens on Monday, October 22, 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 (844more...
  • 9/26/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) and its subsidiaries announced today that they are increasing their prime rate to 5.25 percent from 5.00 percent, effective tomorrow, September 27, 2018. About TCF TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of June 30, 2018, TCF had $23.2 billion in total assets and 315 bank branches in Illinois, Minnesota,more...
  • 9/13/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Middle Market, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it provided tax exempt financing to support The Blake School, a private, nonprofit coeducational, nonsectarian PK-12 college preparatory day school, in its multiyear campus improvement program. With three campuses located in Hopkins, Minneapolis and Wayzata, Minnesota,more...
  • 9/06/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced that Craig R. Dahl, chairman and chief executive officer, is scheduled to present at the Barclays Global Financial Services Conference in New York City at approximately 7:30 a.m. ET on Thursday, September 13, 2018. A live audio webcast of the presentation will be available on the Investor Relations section of TCF’s website, http://ir.tcfbank.com. Amore...
  • 8/20/18

    Top award recognizes TCF’s exceptional commitment to promoting financial literacy, work readiness and entrepreneurship; TCF commits $100,000 over four years to Junior Achievement of the Upper Midwest

    WAYZATA, Minn. & MAPLEWOOD, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) and Junior Achievement of the Upper Midwest (JAUM) announce today that TCF received the Emerging Partner of the Year Award from JAUM. This award recognizes JAUM partners that demonstrate an exceptional commitment to the organization’s mission of inspiring and preparing young people to succeed in a global economy. TCF supported the organization bymore...
  • 7/27/18

    Adjusted diluted earnings per common share of 49 cents, (1) excluding 15 cent per share after-tax impact related to BCFP/OCC settlement

    SECOND QUARTER OBSERVATIONS

    • Revenue of $364.9 million, up 6.8 percent from the second quarter of 2017
    • Net interest income of $250.8 million, up 10.4 percent from the second quarter of 2017
    • Net interest margin of 4.67 percent, up 15 basis points from the second quarter of 2017
    • Reported efficiency ratio of 74.55 percent, up 636 basis points from the second quarter of 2017; adjusted efficiency ratio of 65.78 percent,(1) down 241 basis points from the second quarter of 2017
    • Auto finance portfolio run-off of $596.4 million year-to-date
    • Non-performing assets down 36.0 percent from June 30, 2017
    • Settlement with the Bureau of Consumer Financial Protection ("BCFP") and the Office of the Comptroller of the Currency ("OCC") resulting in a pre-tax charge, including related expenses, of $32.0 million, or 15 cents per share after-tax
    • Reported return on average common equity ("ROACE") of 9.72 percent; adjusted ROACE of 14.11 percent(1)
    • Reported return on average tangible common equity ("ROATCE") of 10.65 percent;(1) adjusted ROATCE of 15.39 percent(1)
    • Repurchased 2.8 million common shares at a cost of $68.2 million in the second quarter of 2018; repurchased $135.0 million of $150.0 million authorization through June 30, 2018
    • Additional $150.0 million share repurchase authorization approved by TCF's Board of Directors on July 25, 2018
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (NYSE: TCFmore...