TCF Financial Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income available to common stockholders of $17,451,000 against $30,126,000 a year ago. Diluted net income per common share was $0.14 against $0.24 a year ago. Return on average assets was 0.39% against 0.73% a year ago. Return on average common equity was 6.03% against 11.11% a year ago. Net interest income was $161,489,000 against $152,165,000 a year ago. Book value per common share was $9.14. The increase in net interest income was primarily due to an increase in average loans and leases, partially offset by a decrease in net interest margin. For the nine months, the company reported net income available to common stockholders of $49,238,000 against $101,254,000 a year ago. Diluted net income per common share was $0.39 against $0.81 a year ago. Return on average assets was 0.59% against 0.83% a year ago. Return on average common equity was 7.13% against 12.29% a year ago. Net interest income was $463,365,000 against $446,556,000 a year ago. While credit losses continue to dampen the company results, fee income and net interest margin remained strong. In addition, the company's focus on growing low cost deposits and expanding there specialty finance businesses position the company for improved earnings as the economy improves. The company declared a quarterly cash dividend of 5 cents per common share payable on November 30, 2009 to stockholders of record at the close of business on October 30, 2009.

TCF Financial Corporation expected to Report Fiscal Year 2009 Results on January 18, 2010. This event was calculated by Capital IQ (Created on October 21, 2009).

TCF Financial Corporation, Q3 2009 Earnings Call, Oct 21 2009