trending Market Intelligence /marketintelligence/en/news-insights/trending/6oysvsrmzj4kx6vgl7jz6a2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

TCF Financial's Q2 adjusted earnings rise YOY

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

TCF Financial's Q2 adjusted earnings rise YOY

Wayzata, Minn.-based TCF Financial Corp. reported second-quarter net income available to common shareholders of $56.3 million, or 34 cents per share, compared to net income of $55.6 million, or 33 cents per share, in the year-ago quarter.

Adjusted earnings allocated to common stock were $81.8 million, or 49 cents per share, compared to $55.6 million, or 33 cents per share, a year ago.

The S&P Capital IQ consensus normalized EPS estimate was 46 cents.

The recent quarter's results included a pretax charge of $32.0 million, or 15 cents per share post-tax, due to the company's settlement with the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency regarding unsound practices in its overdraft services.

Chairman and CEO Craig Dahl said the company witnessed "strong revenue growth driven by net interest margin expansion, as well as enhanced capital efficiency and the continued reduction of the risk profile."

Total revenue in the recent quarter was up 6.8% from the year-ago period to $364.9 million, primarily driven by an increase in net interest income.

On a year-over-year basis, average loans and leases increased 4.2% to $19.09 billion, while deposits were up 6.0% to $18.36 billion.

Provision for credit losses were down to $14.2 million from $19.4 million a year earlier.

TCF Financial's board has also authorized a buyback plan to repurchase up to an additional $150 million of the company's common shares.