TCF Reports First Quarter 2020 Results
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TCF Financial Corporation (TCF) Tops Q1 EPS by 15c
April 27, 2020 4:36 PM EDTTCF Financial Corporation (NASDAQ: TCF) reported Q1 EPS of $0.57, $0.15 better than the analyst estimate of $0.42.
First Quarter 2020 Highlights
Quarterly net income of $51.9 million, or $0.32 per diluted share, down 53.8% from the fourth quarter of 2019Adjusted diluted earnings per common share of $0.57(1), down 45.2% from the fourth quarter of 2019. Adjusted diluted earnings per common share excludes $38.0 million, or $0.25 per share, after-tax impact of merger-related expenses and notable itemsLoan and lease growth of 4.1% compared to December 31, 2019, driven by $1.2 billion of commercial loan and lease portfolio growthDeposit growth of 3.9% compared to December 31, 2019Net... More