TCF Financial Corporation CHFC Income Statement

Tcf financial corporation (CHFC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest income
Interest and fees on loans and leases
1,430,628	1,082,135	966,928	383,545	271,772	209,429	195,590	193,193	197,897	192,247	172,388
Interest on investment securities:
Taxable
106,027	41,406	22,818	10,989	8,786	9,147	10,234	9,890	9,423	11,363	15,385
Tax-exempt
11,651	17,138	14,896	12,317	9,073	7,054	6,394	5,931	5,860	4,999	3,596
Interest on loans held-for-sale
18,599	6,686	16,612	-	-	-	-	-	-	-	-
Interest on other earning assets
20,356	11,964	10,491	-	-	-	-	-	-	-	-
Dividends on nonmarketable equity securities
-	-	-	1,973	1,648	1,224	1,105	1,041	965	766	821
Interest on deposits with the Federal Reserve Bank and other banks and federal funds sold
-	-	-	1,555	510	407	738	703	1,097	1,055	541
Total interest income
1,587,261	1,159,329	1,031,745	410,379	291,789	227,261	214,061	210,758	215,242	210,430	192,731
Interest expense
Interest on deposits
226,157	107,690	66,464	23,021	15,406	14,254	16,883	21,782	29,293	35,895	39,500
Interest on collateralized customer deposits
-	-	-	303	-	-	-	-	-	-	-
Interest on short-term borrowings
-	-	-	1,357	453	414	484	426	524	650	906
Interest on long-term borrowings
72,072	43,144	27,807	4,617	1,922	42	47	1,005	1,572	2,765	4,881
Total interest expense
298,229	150,834	94,271	29,298	17,781	14,710	17,414	23,213	31,389	39,310	45,287
Net interest income
1,289,032	1,008,495	937,474	381,081	274,008	212,551	196,647	187,545	183,853	171,120	147,444
Provision for credit losses
65,282	46,768	68,443	14,875	6,500	6,100	11,000	18,500	26,000	45,600	59,000
Net interest income after provision for credit losses
1,223,750	961,727	869,031	366,206	267,508	206,451	185,647	169,045	157,853	125,520	88,444
Noninterest income
Leasing revenue
163,718	172,603	134,460	-	-	-	-	-	-	-	-
Noninterest income
465,532	454,397	436,063	-	-	-	-	-	-	-	-
Net gains on sales of loans and leases
26,308	33,695	45,318	21,859	6,133	5,041	5,336	6,597	3,881	3,925	4,412
Net gains (losses) on investment securities
7,425	348	237	129	630	0	1,133	34	0	0	95
Gain on sale of branch offices
-	-	-	7,391	0	0	-	-	-	-	-
Gain on sale of merchant card services
-	-	-	-	-	-	0	1,280	0	-	-
Other
21,811	28,769	23,969	11,988	1,907	697	861	1,202	462	280	487
Total noninterest income
465,532	454,397	436,063	122,350	80,216	63,095	60,409	54,684	46,890	42,472	41,119
Noninterest expense
Compensation and employee benefits
576,922	502,196	503,618	165,862	127,920	102,557	96,419	84,383	74,493	68,416	60,218
Occupancy and equipment
189,560	165,839	156,913	23,525	18,213	15,842	13,934	12,413	12,974	11,491	10,359
Lease financing equipment depreciation
76,426	73,829	55,901	-	-	-	-	-	-	-	-
Net foreclosed real estate and repossessed assets
13,523	17,050	17,756	-	-	-	-	-	-	-	-
Equipment and software
-	-	-	24,408	18,569	14,737	13,734	13,112	11,935	13,446	9,723
Outside processing and service fees
-	-	-	21,199	15,207	-	-	-	-	-	-
Merger-related expenses
171,968	0	0	61,100	7,804	6,388	0	-	-	-	-
Restructuring expenses
-	-	-	0	0	-	-	-	-	-	-
Other
303,716	255,486	325,746	42,290	36,181	40,401	40,861	42,013	45,091	43,449	37,310
Total noninterest expense
1,332,115	1,014,400	1,059,934	338,418	223,894	179,925	164,948	151,921	144,493	136,802	117,610
Income before income tax expense
357,167	401,724	245,160	150,138	123,830	89,621	81,108	71,808	60,250	31,190	11,953
Income tax expense
50,241	86,096	-33,624	42,106	37,000	27,500	24,300	20,800	17,200	8,100	1,950
Income after income tax expense
306,926	315,628	278,784	-	-	-	-	-	-	-	-
Income attributable to non-controlling interest
11,458	11,270	10,147	-	-	-	-	-	-	-	-
Net income attributable to TCF Financial Corporation
295,468	304,358	268,637	108,032	86,830	62,121	56,808	51,008	43,050	23,090	10,003
Preferred stock dividends
9,975	11,588	19,904	-	-	-	-	-	-	-	-
Impact of preferred stock redemption
0	3,481	5,779	-	-	-	-	-	-	-	-
Net income available to common shareholders
285,493	289,289	242,954	-	-	-	-	-	-	-	-
Earnings per common share:
Basic earnings per common share (in usd per share)
2.56	3.44	2.83	2.21	2.41	1.98	2.02	1.86	1.57	0.88	0.42
Diluted earnings per common share (in usd per share)
2.55	3.43	2.83	2.17	2.39	1.97	2.00	1.85	1.57	0.88	0.42
Weighted-average common shares outstanding
Weighted-average common shares outstanding
Basic (in shares)
111,604	84,133	85,706	-	-	-	-	-	-	-	-
Diluted (in shares)
111,818	84,324	85,734	-	-	-	-	-	-	-	-
Cash dividends declared per common share (dollars per share)
-	-	-	-	1.00	0.94	0.87	0.82	0.80	0.80	1.18
Fees and service charges on deposit accounts
Noninterest income
127,860	113,242	115,567	30,724	25,481	22,414	21,939	19,581	18,452	18,562	19,116
Card and ATM revenue
Noninterest income
87,221	78,406	75,165	-	-	-	-	-	-	-	-
Servicing fee revenue
Noninterest income
20,776	27,334	41,347	27,658	25,513	18,928	17,151	14,227	12,991	9,599	7,736
Wealth management revenue
Noninterest income
10,413	0	0	22,601	20,552	16,015	13,989	11,763	11,104	10,106	9,273