Last $15.80 USD
Change Today +0.17 / 1.09%
Volume 527.0K
TCB On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

tcf financial corp (TCB) Snapshot

Open
$15.64
Previous Close
$15.63
Day High
$15.89
Day Low
$15.57
52 Week High
03/21/14 - $17.39
52 Week Low
09/3/13 - $13.69
Market Cap
2.6B
Average Volume 10 Days
678.6K
EPS TTM
$1.01
Shares Outstanding
166.8M
EX-Date
08/13/14
P/E TM
15.6x
Dividend
$0.20
Dividend Yield
1.27%
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2014

TCF Financial Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income available to common stockholders of $48,278,000 or $0.29 per diluted share compared to net income available to common stockholders of $34,057,000 or $0.21 per diluted share a year ago. Total interest income was $220,091,000 compared to $217,608,000 a year ago. Net interest income after provision for credit losses was $196,192,000 compared to $169,453,000 a year ago. Income before income tax expense was $87,013,000 compared to $60,720,000 a year ago. Net income attributable to company was $53,125,000 compared to $38,904,000 a year ago. Annualized return on average tangible common equity was 12.72% compared to 9.90% a year ago. Return on average assets was 1.17% compared to 0.90% a year ago. Return on average common equity was 10.99% compared to 8.39% a year ago. Return on average tangible common equity was 12.72% compared to 9.90% a year ago. Net interest income was $206,101,000 compared to $202,044,000 a year ago. Total revenue was $310,117,000 compared to $301,827,000 a year ago. For the six months period, the company reported net income available to common stockholders of $88,188,000 or $0.54 per diluted share compared to net income available to common stockholders of $59,507,000 or $0.37 per diluted share a year ago. Total interest income was $434,718,000 compared to $433,158,000 a year ago. Net interest income after provision for credit losses was $382,974,000 compared to $330,161,000 a year ago. Income before income tax expense was $160,066,000 compared to $110,079,000 a year ago. Net income attributable to company was $97,882,000 compared to $68,878,000 a year ago. Annualized return on average tangible common equity was 11.82% compared to 8.76% a year ago. As on June 30, 2014, tangible book value per common share was $9.35. Return on average assets was 1.09% compared to 0.80% a year ago. Return on average common equity was 10.18% compared to 7.39% a year ago. Return on average tangible common equity was 12.72% compared to 9.90% a year ago. Return on average tangible common equity was 11.82% compared to 8.76% a year ago. Net interest income was $407,375,000 compared to $401,135,000 a year ago. Total revenue was $614,798,000 compared to $593,621,000 a year ago. As on June 30, 2014, book value per share was $10.74. Net charge-offs were $18.4 million for the second quarter of 2014, a decrease of $9.3 million, or 33.7%, from the second quarter of 2013, and an increase of $939,000, or 5.4%, from the first quarter of 2014. The decrease from the second quarter of 2013 was primarily due to improved credit quality in the consumer real estate portfolio as home values improved and incident rates of default declined. The increase from the first quarter of 2014 was driven by one previously reserved commercial loan charge-off. Consumer real estate net charge-offs decreased for the seventh consecutive quarter.

TCF Financial Corporation Appoints Richard H. King to Board of Directors

The Board of Directors of TCF Financial Corporation announced the election of Richard H. King to the TCF Board of Directors, effective July 21, 2014. Mr. King is executive vice president and chief operating officer for technology at Thomson Reuters.

TCF Financial Corporation Declares Quarterly Cash Dividend and Preferred Stock Dividends, Payable on September 2, 2014

The Board of Directors of TCF Financial Corporation declared quarterly cash dividends on company’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 September 2, 2014 to stockholders of record at the close of business on August 15, 2014. A quarterly cash dividend of $0.46875 per depositary share is payable on September 2, 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 August 15, 2014. A quarterly cash dividend of $0.403125 per share is payable on September 2, 2014 to holders of record of the 6.45% Series B Non-Cumulative Perpetual Preferred Stock at the close of business on August 15, 2014.

 

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Industry Analysis

TCB

Industry Average

Valuation TCB Industry Range
Price/Earnings 15.8x
Price/Sales 2.2x
Price/Book 1.4x
Price/Cash Flow 14.4x
TEV/Sales 0.3x
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