TCF Financial Corporation (TCF) Tops Q3 EPS by 3c

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Go back to TCF Financial Corporation (TCF) Tops Q3 EPS by 3c

TCF Reports Quarterly Net Income of $86.2 Million and Diluted Earnings Per Common Share of 51 Cents

October 22, 2018 8:00 AM EDT

Third Quarter Observations

Revenue of $365.6 million, up 6.5% from the third quarter of 2017 Provision for credit losses of $2.3 million, which was impacted by a $6.6 million recovery on previous charge-offs related to the sale of consumer real estate non-accrual loans Net interest margin of 4.66%, down 1 basis point from the second quarter of 2018, up 5 basis points from the third quarter of 2017 Efficiency ratio of 67.41%, down 105 basis points from the third quarter of 2017 Average interest-earning asset growth of 4.6% from the third quarter of 2017 Period-end... More