Last $14.87 USD
Change Today +0.13 / 0.88%
Volume 669.0K
TCB On Other Exchanges
Symbol
Exchange
New York
Munich
As of 1:50 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

tcf financial corp (TCB) Snapshot

Open
$14.87
Previous Close
$14.74
Day High
$14.93
Day Low
$14.60
52 Week High
03/21/14 - $17.39
52 Week Low
01/29/15 - $13.78
Market Cap
2.5B
Average Volume 10 Days
1.3M
EPS TTM
$0.94
Shares Outstanding
167.2M
EX-Date
02/11/15
P/E TM
15.8x
Dividend
$0.20
Dividend Yield
1.35%
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.

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
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 Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter of 2014

TCF Financial Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income attributable to the company of $24.0 million compared with $40.0 million for the fourth quarter of 2013. Diluted earnings per common share were 12 cents compared with 22 cents for the fourth quarter of 2013. Total interest income was $219.808 million against $215.929 million a year ago. Net interest income was $204.074 million against $201.862 million a year ago. Income before income tax expense was $36.487 million against $64.013 million a year ago. Net income available to common stockholders was $19.141 million against $35.148 million a year ago. Annualized return on average tangible common equity was 4.80 % against 9.83 % a year ago. Adjusted net income available to common stockholders was $19.407 million against $35.467 million a year ago. Return on average assets was 0.53% against 0.90% a year ago. Return on average common equity was 4.15% against 8.39 % a year ago. The increase in net interest income was primarily driven by higher average loan and lease balances in the auto finance, leasing and equipment finance and inventory finance businesses, partially offset by lower average consumer real estate loan balances due to run-off as well as continued margin reduction. For the year, the company reported net income to the company of $174.2 million compared with $151.7 million for the same period in 2013. Diluted earnings per common share were 94 cents compared with 82 cents for the same period in 2013. Total interest income was $874.229 million against $864.540 million a year ago. Net interest income was $815.629 million against $802.624 million a year ago. Income before income tax expense was $281.382 million against $243.045 million a year ago. Net income available to common stockholders was $154.799 million against $132.603 million a year ago. Annualized return on average tangible common equity was 10.08 % against 9.58 % a year ago. Adjusted net income available to common stockholders was $155.861 million against $134.082 million a year ago. Return on average assets of 0.96% against 0.87% a year ago. Return on average assets was 0.53% against 0.90% a year ago. Return on average common equity was 8.71% against 8.12 % a year ago. The company’s net charge-offs were $16.6 million for the fourth quarter of 2014, a decrease of $13.5 million, or 44.8%, from the fourth quarter of 2013 of $30.096 million. The decrease from the fourth quarter of 2013 was primarily due to improved credit quality in both the commercial and consumer real estate loan portfolios.

TCF Financial Corporation Elects Roger J. to Its Board

The Board of Directors of TCF Financial Corporation announced the election of Roger J. Sit to the TCF Board of Directors, effective January 22, 2015. Mr. Sit is chief executive officer and global chief investment officer of Sit Investment Associates.

TCF Financial to Pay Quarterly Cash and Preferred Stock Dividend on March 2, 2015

TCF Financial (TCB) announced that it will pay a quarterly cash dividend on its common stock of $0.05 per share on March 2 to shareholders of record on February 13, 2015. Additionally, the company also declared dividends on its preferred stock of $0.46875 per series A depositary share and $0.403125 per series B share. The preferred dividends will be paid in conjunction with the common stock dividend.

 

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Industry Analysis

TCB

Industry Average

Valuation TCB Industry Range
Price/Earnings 14.1x
Price/Sales 2.0x
Price/Book 1.3x
Price/Cash Flow 13.0x
TEV/Sales 0.2x
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