TCF Financial Corporation (TCF) Tops Q4 EPS by 6c
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TCF Reports Fourth Quarter 2019 Results
January 27, 2020 4:10 PM ESTTCF also announces quarterly cash dividends on common and preferred stock
DETROIT--(BUSINESS WIRE)-- TCF Financial Corporation (NASDAQ: TCF):
Fourth Quarter Highlights
Quarterly net income of $112.4 million, or $0.72 per diluted share Adjusted diluted earnings per common share of $1.04(1), excluding $49.2 million, or $0.32 per share, after-tax impact of merger-related expenses and notable items Efficiency ratio of 73.49%; adjusted efficiency ratio of 58.51%(1) Return on average common equity ("ROACE") of 8.00%; return on average tangible common equity ("ROATCE") of 11.35%(1); adjusted ROATCE of 16.25%(1) Commercial loan and... More