TCF Reports Second Quarter 2020 Results
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TCF Financial Corporation (TCF) Tops Q2 EPS by 3c
July 27, 2020 4:12 PM EDTTCF Financial Corporation (NASDAQ: TCF) reported Q2 EPS of $0.54, $0.03 better than the analyst estimate of $0.51.
Second Quarter 2020 Highlights
Quarterly net income of $23.8 million, or $0.14 per diluted share, down 54.2% from the first quarter of 2020Adjusted diluted earnings per common share of $0.54(1), down 5.3% from the first quarter of 2020. Adjusted diluted earnings per common share excludes $61.1 million, or $0.40 per share, after-tax impact of merger-related expenses and notable itemsAssisted customers via COVID-19-related loan and lease deferrals with $1.8 billion of balances on deferral status as of June 30, 2020 ($1.5 billion of commercial balances and $327.1 million of consumer... More