Last $14.68 USD
Change Today -0.53 / -3.48%
Volume 2.9M
TCB On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

tcf financial corp (TCB) Snapshot

Open
$15.26
Previous Close
$15.21
Day High
$15.30
Day Low
$14.53
52 Week High
03/21/14 - $17.39
52 Week Low
10/16/14 - $13.95
Market Cap
2.4B
Average Volume 10 Days
1.6M
EPS TTM
$1.07
Shares Outstanding
166.8M
EX-Date
11/12/14
P/E TM
13.7x
Dividend
$0.20
Dividend Yield
1.36%
Current Stock Chart for TCF FINANCIAL CORP (TCB)

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tcf financial corp (TCB) Details

TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and wholesale banking products and services. The company’s Lending segment offers retail lending services, including consumer loans for personal, family, and household purposes, such as home purchases, debt consolidation, financing of home improvements, autos, and education. This segment also provides loans secured by personal property, as well as unsecured personal loans; commercial real estate and business lending products; leasing and equipment finance; inventory finance; and auto finance. Its Funding segment provides deposit products, including free checking accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans. This segment also offers treasury services. As of March 31, 2014, the company had 381 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona, and South Dakota. The company was founded in 1923 and is headquartered in Wayzata, Minnesota.

5,441 Employees
Last Reported Date: 02/25/14
Founded in 1923

tcf financial corp (TCB) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $300.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $400.0K
Vice Chairman of Lending, Executive Vice Pres...
Total Annual Compensation: $549.8K
Vice Chairman of Funding, Operations & Financ...
Total Annual Compensation: $549.8K
Compensation as of Fiscal Year 2013.

tcf financial corp (TCB) Key Developments

TCF Financial Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net charge-offs for the Third Quarter Ended September 30, 2014

TCF Financial Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, total interest income of $219,703,000 against $215,453,000 for the same period in 2013. Net interest income increased $4.6 million, or 2.3%, compared with the third quarter of 2013. The increase was primarily driven by higher average loan and lease balances in the auto finance, inventory finance and leasing and equipment finance businesses as well as a reduced cost of borrowings. This increase was partially offset by downward pressure on yields across the lending businesses in this increasingly competitive low interest rate environment, as well as lower average balances of higher yielding fixed-rate loans of that type in the commercial and consumer real estate portfolios due to run-off exceeding originations. Income before income tax expense was $84,829,000 against $68,953,000 for the same period in 2013. Income after income tax expense was $54,038,000 against $44,402,000 for the same period in 2013. Net income available to common stockholders was $52,317,000 or $0.29 basic and diluted per share against $42,795,000 or $0.23 diluted per share for the same period in 2010. Return on average assets and return on average common equity were 1.15 % and 10.50% against 2.04% and 9.28%. Total revenues were $320,256,000 versus $305,787,000 for the same period in 2013. For the nine months, total interest income of $654,421,000 against $648,611,000 for the same period in 2013. Income before income tax expense was $244,895,000 against $179,032,000 for the same period in 2013. Income after income tax expense was $156,140,000 against $117,478,000 for the same period in 2013. Net income available to common stockholders was $135,658,000 or $0.83 basic and diluted per share against $97,455,000 or $0.60 diluted per share for the same period in 2013. Return on average assets and return on average common equity were 1.11% and 10.30% against 0.86% and 8.03%. Total revenues were $935,054,000 versus $899,408,000 for the same period in 2013. Net charge-offs were $26.9 million for the third quarter of 2014, a decrease of $0.7 million, or 2.5%, from the third quarter of 2013. The decrease from the third quarter of 2013 was primarily due to improved credit quality in the commercial portfolio resulting in net recoveries for the third quarter of 2014.

TCF Financial Corporation Declares Quarterly Cash and Preferred Dividends, Payable on December 1, 2014

The board of directors of TCF Financial Corporation 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 $0.05 per common share is payable on December 1, 2014 to stockholders of record at the close of business on November 14, 2014. A quarterly cash dividend of $0.46875 per depositary share is payable on December 1, 2014 to holders of record of the depositary shares, representing a 1/1,000(th) interest in a share of the 7.50% Series A Non-Cumulative Perpetual Preferred Stock, at the close of business on November 14, 2014. A quarterly cash dividend of $0.403125 per share is payable on December 1, 2014 to holders of record of the 6.45% Series B Non-Cumulative Perpetual Preferred Stock at the close of business on November 14, 2014.

TCF Financial Corporation, Q3 2014 Earnings Call, Oct 24, 2014

TCF Financial Corporation, Q3 2014 Earnings Call, Oct 24, 2014

 

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Industry Analysis

TCB

Industry Average

Valuation TCB Industry Range
Price/Earnings 14.8x
Price/Sales 2.1x
Price/Book 1.3x
Price/Cash Flow 13.6x
TEV/Sales 0.1x
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