TCF Financial Corporation CHFC Income Statement

Tcf financial corporation (CHFC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income
Interest and fees on loans and leases
1,590,486	1,430,628	1,380,245	1,232,042	1,208,555	1,082,135	1,135,731	1,015,335	991,261	966,928	557,033	505,365	441,629	383,545	324,335	301,041	288,076	271,772	253,659	232,193	218,331	209,429	202,928	199,602	196,880	195,590	193,672	192,977	192,842	193,193	193,987	195,435	196,713	197,897	199,867	198,375	0	0	0
Interest on investment securities:
Taxable
130,281	106,027	71,701	52,161	45,653	41,406	40,234	38,062	30,481	22,818	25,894	19,143	13,816	10,989	8,346	8,004	8,408	8,786	9,064	9,025	9,071	9,147	9,322	9,842	10,179	10,234	10,017	9,761	9,763	9,890	10,149	10,026	9,664	9,423	9,602	10,231	0	0	0
Tax-exempt
13,316	11,651	14,622	15,565	14,266	17,138	17,540	17,789	16,217	14,896	17,178	15,673	13,887	12,317	10,960	10,287	9,832	9,073	8,331	7,770	7,256	7,054	6,869	6,618	6,534	6,394	6,262	6,132	6,010	5,931	5,882	5,938	5,866	5,860	5,776	5,484	0	0	0
Interest on loans held-for-sale
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on loans held-for-sale
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on other earning assets
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on nonmarketable equity securities
0	-	-	7,926	0	-	-	7,147	6,204	-	3,488	2,807	2,338	1,973	2,024	1,932	1,706	1,648	1,430	1,324	1,184	1,224	1,213	1,203	1,192	1,105	1,104	1,082	1,062	1,041	998	984	972	965	686	867	0	0	0
Total interest on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on deposits with the Federal Reserve Bank and other banks and federal funds sold
-	-	-	6,107	-	-	-	4,964	4,685	-	3,796	3,019	2,141	1,555	927	617	601	510	483	433	404	407	445	461	542	738	809	835	796	703	746	876	1,016	1,097	1,179	1,117	0	0	0
Total interest income
1,775,759	1,587,261	1,488,236	1,320,135	1,288,289	1,159,329	1,227,995	1,101,232	1,066,783	1,031,745	607,389	546,007	473,811	410,379	346,592	321,881	308,623	291,789	272,967	250,745	236,246	227,261	220,777	217,726	215,327	214,061	211,864	210,787	210,473	210,758	211,762	213,259	214,231	215,242	217,110	216,074	0	0	0
Interest expense
Interest on deposits
255,968	226,157	195,106	151,685	129,381	107,690	97,143	82,590	73,465	66,464	41,290	34,200	27,878	23,021	18,275	16,743	16,113	15,406	14,700	13,865	13,861	14,254	14,733	15,424	16,062	16,883	17,773	18,851	20,246	21,782	23,664	25,625	27,517	29,293	31,942	33,945	0	0	0
Interest on collateralized customer deposits
-	-	-	2,606	-	-	-	2,088	1,643	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on short-term borrowings
-	-	-	39,459	-	-	-	32,924	26,979	-	12,672	7,002	2,765	1,357	895	580	455	453	450	398	391	414	432	464	491	484	468	449	436	426	423	435	478	524	586	630	0	0	0
Interest on long-term borrowings
83,707	72,072	64,011	57,622	56,537	43,144	35,318	26,391	27,046	27,807	8,196	6,855	5,867	4,617	3,175	0	0	-	0	-	-	-	-	-	-	47	287	535	789	1,005	1,039	1,204	1,393	1,572	1,921	2,216	0	0	0
Interest Expense, Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
339,675	298,229	251,260	201,450	177,228	150,834	139,292	122,403	107,543	94,271	63,269	48,706	36,963	29,298	22,482	20,963	19,465	17,781	16,191	14,518	14,294	14,710	15,165	15,888	16,553	17,414	18,528	19,835	21,471	23,213	25,126	27,264	29,388	31,389	34,449	36,791	0	0	0
Net interest income
1,436,084	1,289,032	1,236,976	1,118,685	1,111,061	1,008,495	1,088,703	978,829	959,240	937,474	544,120	497,301	436,848	381,081	324,110	300,918	289,158	274,008	256,776	236,227	221,952	212,551	205,612	201,838	198,774	196,647	193,336	190,952	189,002	187,545	186,636	185,995	184,843	183,853	182,661	179,283	0	0	0
Provision for credit losses
152,103	65,282	73,482	48,564	50,634	46,768	70,763	73,992	70,649	68,443	22,050	20,654	17,425	14,875	10,603	8,000	6,500	6,500	6,000	6,000	6,000	6,100	6,600	8,100	9,600	11,000	14,000	15,500	16,500	18,500	18,600	20,500	23,500	26,000	29,500	35,800	0	0	0
Net interest income after provision for credit losses
1,283,981	1,223,750	1,163,494	1,070,121	1,060,427	961,727	1,017,940	904,837	888,591	869,031	522,070	476,647	419,423	366,206	313,507	292,918	282,658	267,508	250,776	230,227	215,952	206,451	199,012	193,738	189,174	185,647	179,336	175,452	172,502	169,045	168,036	165,495	161,343	157,853	153,161	143,483	0	0	0
Noninterest income
Noninterest income
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on sales of loans and leases
38,681	26,308	10,579	25,065	29,377	33,695	50,919	47,658	48,693	45,318	38,700	37,898	29,614	21,859	9,045	6,042	6,135	6,133	6,117	5,847	5,650	5,041	4,088	3,960	4,118	5,336	7,237	7,656	7,424	6,597	5,204	4,920	4,002	3,881	3,940	3,682	0	0	0
Net gains (losses) on investment securities
6,974	7,425	10,762	4,956	799	348	166	73	147	237	244	259	200	129	71	60	70	630	612	607	579	0	29	29	286	1,133	1,138	1,138	881	34	0	0	0	-	-	-	-	0	-
Gain on sale of merchant card services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,280	1,280	0	0	-	0	-	-	-	-
Other
28,770	21,811	10,360	28,912	27,902	28,769	28,095	26,773	25,422	23,969	25,050	22,785	17,344	11,988	4,730	2,583	2,273	1,907	1,406	1,054	846	697	680	798	939	861	1,107	886	1,222	1,202	984	983	343	462	339	344	0	0	0
Total noninterest income
498,991	465,532	499,687	517,493	517,347	454,397	514,999	435,057	438,607	436,063	165,964	161,612	140,941	122,350	88,138	80,583	80,360	80,216	78,391	73,527	68,654	63,095	58,446	57,739	57,886	60,409	61,527	59,602	57,598	54,684	53,979	52,485	49,443	46,890	44,018	43,793	0	0	0
Noninterest expense
Compensation and employee benefits
624,508	576,922	607,311	576,562	570,581	502,196	575,588	503,182	499,281	503,618	223,011	210,986	191,866	165,862	140,553	133,973	132,557	127,920	123,577	114,477	107,626	102,557	98,286	97,466	97,234	96,419	94,599	91,272	87,183	84,383	80,717	79,208	76,737	74,493	73,637	71,622	0	0	0
Occupancy and equipment
205,138	189,560	206,537	199,645	199,538	165,839	191,932	156,466	157,532	156,913	30,652	29,243	26,012	23,525	20,501	19,820	18,692	18,213	17,794	16,642	15,894	15,842	15,126	14,903	14,645	13,934	13,598	13,329	12,922	12,413	12,708	12,664	12,790	12,974	12,433	12,074	0	0	0
Lease financing equipment depreciation
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net foreclosed real estate and repossessed assets
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment and software
-	-	-	29,881	-	-	-	31,517	31,390	-	32,957	31,795	28,521	24,408	20,801	18,970	18,575	18,569	17,743	16,741	15,674	14,737	13,944	13,711	13,745	13,734	13,712	13,764	13,444	13,112	12,592	12,348	12,331	11,935	12,692	13,228	0	0	0
Outside processing and service fees
-	-	-	48,290	-	-	-	39,736	37,987	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger-related expenses
199,238	171,968	123,759	12,500	9,458	0	-7,011	-4,632	-4,167	0	24,993	60,084	62,673	61,100	45,203	8,633	9,036	7,804	6,998	6,745	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring expenses
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
338,383	303,716	318,608	286,517	289,538	255,486	365,154	331,136	329,058	325,746	58,543	53,103	45,911	42,290	39,675	37,458	37,694	36,181	49,391	44,703	41,819	40,401	40,432	39,830	39,549	40,861	42,662	43,384	43,358	42,013	44,173	44,641	44,217	45,091	41,650	42,744	0	0	0
Total noninterest expense
1,453,639	1,332,115	1,351,504	1,172,307	1,165,865	1,014,400	1,190,556	1,063,672	1,057,348	1,059,934	436,274	422,879	383,727	338,418	281,940	234,061	231,761	223,894	218,686	203,123	188,763	179,925	169,714	166,557	165,173	164,948	164,571	161,749	156,907	151,921	150,190	148,861	146,075	144,493	140,412	139,668	0	0	0
Income before income tax expense
329,333	357,167	311,677	415,307	411,909	401,724	342,383	276,222	269,850	245,160	251,760	215,380	176,637	150,138	119,705	139,440	131,257	123,830	110,481	100,631	95,843	89,621	87,744	84,920	81,887	81,108	76,292	73,305	73,193	71,808	71,825	69,119	64,711	60,250	56,767	47,608	0	0	0
Income tax expense
42,040	50,241	57,451	97,220	94,428	86,096	-25,747	-43,528	-32,926	-33,624	64,515	57,110	44,606	42,106	33,337	40,089	38,657	37,000	33,850	31,700	29,700	27,500	26,550	25,500	24,500	24,300	22,200	21,100	21,325	20,800	21,275	20,050	18,475	17,200	16,050	14,125	0	0	0
Income after income tax expense
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income attributable to non-controlling interest
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to TCF Financial Corporation
276,873	295,468	239,814	303,862	303,256	304,358	355,340	309,603	292,629	268,637	187,245	158,270	132,031	108,032	86,368	99,351	92,600	86,830	76,631	68,931	66,143	62,121	61,194	59,420	57,387	56,808	54,092	52,205	51,868	51,008	50,550	49,069	46,236	43,050	40,717	33,483	0	0	0
Preferred stock dividends
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impact of preferred stock redemption
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common shareholders
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per common share:
Basic earnings per common share (in usd per share)
0.33	0.61	0.15	0.97	0.83	0.46	1.00	0.97	1.01	0.86	0.57	0.73	0.67	0.70	0.23	0.67	0.61	0.69	0.64	0.54	0.54	0.47	0.51	0.54	0.46	0.48	0.54	0.52	0.48	0.43	0.48	0.50	0.45	0.42	0.42	0.40	0.33	0.32	0.17
Diluted earnings per common share (in usd per share)
0.32	0.61	0.15	0.96	0.83	0.48	1.00	0.96	0.99	0.87	0.56	0.73	0.67	0.67	0.23	0.67	0.60	0.67	0.64	0.54	0.54	0.46	0.51	0.54	0.46	0.48	0.53	0.51	0.48	0.42	0.48	0.50	0.45	0.42	0.42	0.40	0.33	0.32	0.17
Weighted-average common shares outstanding
Weighted-average common shares outstanding
Basic (in shares)
151,902	-	-	-	82,245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in shares)
152,114	-	-	-	82,245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends declared per common share (dollars per share)
-	-	-	-	-	-	-	-	-	-	0.28	0.27	0.27	-	0.27	0.26	0.26	0.26	0.26	0.24	0.24	0.24	0.24	0.23	0.23	0.23	0.22	0.21	0.21	0.21	0.21	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20
Leasing revenue
Noninterest income
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees and service charges on deposit accounts
Noninterest income
136,179	127,860	133,852	128,643	130,086	113,242	137,938	117,910	116,997	115,567	36,930	35,448	33,008	30,724	26,120	25,177	25,285	25,481	25,469	24,359	23,400	22,414	21,547	21,625	21,674	21,939	21,455	20,793	20,271	19,581	19,494	19,246	18,861	18,452	18,184	18,495	0	0	0
Card and ATM revenue
Noninterest income
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Servicing fee revenue
Noninterest income
22,458	20,776	27,706	28,617	27,661	27,334	31,712	32,304	37,239	41,347	32,642	33,428	30,157	27,658	26,454	25,862	25,915	25,513	24,690	22,558	20,724	18,928	17,487	17,073	16,694	17,151	16,969	16,132	15,513	14,227	15,508	14,654	13,698	12,991	10,522	10,274	0	0	0
Wealth management revenue
Noninterest income
16,564	10,413	-2,292	-6,533	-6,311	0	-5,474	714	484	0	25,007	24,403	23,227	22,601	21,718	20,859	20,682	20,552	20,097	19,102	17,455	16,015	14,615	14,254	14,175	13,989	13,621	12,997	12,287	11,763	11,509	11,402	11,259	11,104	10,951	10,916	0	0	0