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TCF Bank

  • 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...
  • 7/25/18
    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 September 4, 2018 to stockholders of record at the close of business on August 15, 2018. A quarterly cash dividend of $0.35625 per depositary share is payable onmore...
  • 7/20/18
    WAYZATA, Minn. (July 20, 2018) – TCF Financial Corporation (“TCF”) (NYSE:TCF) today issued the following statement regarding the settlement filed today that resolves its litigation with the Bureau of Consumer Financial Protection (the “BCFP”) and regulatory matters brought by the Office of the Comptroller of the Currency (the “OCC”) related to its overdraft opt-in practices. “We are pleased to have reached a resolution to an issue that datesmore...
  • 7/17/18
    CHICAGO & MINNETONKA, Minn.--(BUSINESS WIRE)--The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, Winthrop Resources (Winthrop), a division of TCF Bank and an indirect subsidiary of TCF Financial Corporation (TCF) (NYSE:TCF), has once again achieved the “Peer Reviewed by HFMA®” designation for its healthcare technology financing service. Winthrop provides customized technology leasing services to hospitals, including complete lifecyclemore...
  • 7/16/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced it will release its second quarter 2018 earnings results before the market opens on Friday, July 27, 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...
  • 7/16/18

    Since 2011, TCF Bank Customers and Team Members Donated More Than $1.3 Million to March of Dimes

    CHICAGO & WAYZATA, Minn.--(BUSINESS WIRE)--TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), announces today that it raised $150,000 for March of Dimes, a nonprofit that champions for the health of all moms and babies. Donations were accepted at 136 branches from customers and team members across Illinois and Wisconsin and at the TCF 100-mile bike ride for March of Dimes. “I am grateful for the efforts and generosity of our customers andmore...
  • 7/03/18
    FORT WORTH, Texas & MINNETONKA, Minn.--(BUSINESS WIRE)--Tech Qualled, a U.S. military veteran training organization, and Winthrop Resources Corporation (Winthrop), a division of TCF Bank and an indirect subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced an ongoing partnership to help veterans secure jobs at the technology company. Tech Qualled was started in 2015 to teach veterans the skills they need to assimilate back into the workforce in an industry thatmore...
  • 6/28/18

    Five new leaders join TCF Bank’s Consumer Lending and Relationship Lending Unit to help grow its mortgage business.

    WAYZATA, Minn. (June 28, 2018) – TCF Relationship Lending Unit (RLU), a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it added new leaders to its team. The five new hires will help grow the company’s mortgage business. New additions to the team include: Mike Petersen – director, secondary marketing and capital markets, TCF Consumer Lending Mark Zierott – director, relationship lending salesmore...
  • 6/13/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) and its subsidiaries announced today that they are increasing their prime rate to 5.00 percent from 4.75 percent, effective tomorrow, June 14, 2018. About TCF TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of March 31, 2018, TCF had $23.4 billion in total assets and 318 bank branches in Illinois, Minnesota, Michigan, Colorado,more...
  • 6/12/18

    Three new regional managers add deep industry expertise to growing home loans division of TCF Bank.

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Home Loans, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it added three new regional sales managers. These new hires will help lead the company’s team of residential mortgage professionals as they guide customers through all stages of the home loan process. New additions to the TCF Home Loans team include: Ty Sukalski - regionalmore...