TCF Financial Corporation (TCF) Tops Q4 EPS by 4c, Revenues Beat

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TCF Reports Quarterly Net Income of $85.7 Million, or $0.51 Per Share and Annual Net Income of $304.4 Million, or $1.74 Per Share

January 28, 2019 6:03 AM EST

Fourth Quarter Observations

Revenue of $377.0 million, up 3.9% from the fourth quarter of 2017 Improved efficiency ratio of 66.30% Average interest-earning asset growth of 1.4% from the fourth quarter of 2017 Period-end loans and leases of $19.1 billion, down 0.2% from December 31, 2017; period-end loans and leases excluding auto finance up 7.5%(1) from December 31, 2017 Net charge-off rate of 0.46%, up 8 basis points from the fourth quarter of 2017; net charge-off rate excluding auto finance net charge-offs of 0.28%(2), up 10 basis points from the fourth quarter of 2017 Return on average common equity ("ROACE") of 14.30%; return on average... More