TCF Financial Corp. (TCB) Misses Q4 EPS by 4c
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TCF Reports Quarterly Net Income of $50.1 Million, or 27 Cents Per Share and Annual Net Income of $212.1 Million, or $1.15 Per Share
January 27, 2017 8:00 AM EST2016 HIGHLIGHTS
- Revenue of $1.3 billion, up 4.1 percent from 2015
- Non-interest expense of $909.9 million, up 1.7 percent from 2015
- Efficiency ratio of 69.25 percent, down 163 basis points from 2015
- Period-end loans and leases of $17.8 billion, up 2.3 percent from December 31, 2015
- Loan and lease originations of $16.8 billion, up 10.3 percent from 2015
- Average deposits of $17.1 billion, up 7.2 percent from 2015
- Non-accrual loans and leases of $181.4 million, down 9.5 percent from December 31, 2015
- Net charge-offs as a percentage of average loans and leases of 0.26 percent, down 4 basis points from 2015
- Earnings per share of $1.15, up 7.5 percent from 2015
FOURTH QUARTER... More
