TCF Financial Corporation (TCF) Misses Q3 EPS by 2c, Beats on Revenues

TCF Financial Corporation (NYSE: TCF) reported Q3 EPS of $0.29, $0.02 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $343.3 million versus the consensus estimate of $234.25 million.

THIRD QUARTER OBSERVATIONS

• Revenue of $343.3 million, up 3.5 percent from the third quarter of 2016
• Net interest income of $234.1 million, up 10.4 percent from the third quarter of 2016
• Net interest margin of 4.61 percent, up 27 basis points from the third quarter of 2016
• Period-end loans and leases of $19.0 billion, up 9.2 percent from September 30, 2016
• Net charge-offs as a percentage of average loans and leases of 0.18 percent, down 8 basis points from the third quarter of 2016
• Non-accrual loans and leases of $119.6 million, down 37.1 percent from September 30, 2016
• Average deposits of $17.6 billion, up 2.9 percent from the third quarter of 2016
• Efficiency ratio of 68.46 percent, improved 54 basis points from the third quarter of 2016
• Earnings per share of 29 cents, down 2 cents from the third quarter of 2016. Impact of 4 cents per share related to the notice of our intent to redeem the Series A Non-Cumulative Perpetual Preferred Stock.

For earnings history and earnings-related data on TCF Financial Corporation (TCF) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c
• Reading (RDI) Tops Q2 EPS by 4c