TCF Financial Corporation TCF Income Statement

Tcf financial corporation (TCF)

Income statement / Yearly

Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest income:
Loans and leases
1,065,137	954,246	850,546	832,736	820,436	819,501	835,380	844,796	883,923	864,384	847,512
Debt securities available for sale
54,574	33,278	26,573	15,648	11,994	18,074	35,150	85,188	80,445	89,427	110,946
Debt securities held to maturity
3,970	4,436	4,649	5,486	5,281	277	281	-	-	-	-
Loans held for sale and other
18,583	27,097	48,962	38,060	36,518	26,688	13,812	7,967	5,509	4,370	5,937
Interest and Dividend Income, Operating
1,142,264	1,019,057	930,730	891,930	874,229	864,540	884,623	937,951	969,877	958,181	964,395
Interest expense:
Deposits
107,113	66,012	61,788	48,226	38,385	36,604	40,987	45,108	61,229	122,112	156,774
Borrowings
43,144	27,807	20,836	23,316	20,215	25,312	63,617	193,155	209,446	203,063	213,948
Interest Expense
150,257	93,819	82,624	71,542	58,600	61,916	104,604	238,263	270,675	325,175	370,722
Interest Income (Expense), Net
992,007	925,238	848,106	820,388	815,629	802,624	780,019	699,688	699,202	633,006	593,673
Provision for credit losses
46,768	68,443	65,874	52,944	95,737	118,368	247,443	200,843	236,437	258,536	192,045
Interest Income (Expense), after Provision for Loan Loss
945,239	856,795	782,232	767,444	719,892	684,256	532,576	498,845	462,765	374,470	401,628
Non-interest income:
Servicing fee income
-	-	-	31,229	21,444	13,406	7,759	-	-	-	-
Subtotal
-	-	-	102,773	99,803	64,797	35,273	-	-	-	-
Leasing and equipment finance
185,107	145,039	119,166	108,129	93,799	90,919	92,172	89,167	89,194	69,113	55,488
Subtotal
-	-	-	220,930	227,934	241,182	254,772	343,437	414,084	422,116	406,466
Gains on sales of auto loans, net
33,498	42,787	85,259	30,580	43,565	29,699	22,101	1,133	-	-	-
Gains on sales of consumer real estate loans, net
-	-	-	40,964	34,794	21,692	5,413	-	-	-	-
Gains (losses) on debt securities, net
348	237	-581	-297	1,027	964	102,232	7,263	29,123	29,387	16,066
Other
13,843	11,646	8,883	10,463	10,704	6,196	5,974	3,434	5,584	5,239	12,107
Fees and other revenue
-	-	-	442,295	432,240	403,094	388,191	437,171	508,862	496,468	474,061
Visa share redemption
-	-	-	-	-	-	-	-	-	-	8,308
Total non-interest income
470,885	448,299	465,900	441,998	433,267	404,058	490,423	444,434	537,985	525,855	498,435
Non-interest expense:
Compensation and employee benefits
497,063	482,512	475,964	457,743	452,942	429,188	393,841	348,792	346,072	345,868	341,203
Occupancy and equipment
165,812	156,909	149,980	144,962	139,023	134,694	130,792	126,437	126,551	126,292	127,953
Subtotal
-	-	-	831,960	819,935	785,202	769,574	712,397	709,932	681,902	654,479
Lease financing equipment depreciation
73,829	55,901	40,359	39,409	27,152	24,500	25,378	30,007	37,106	22,368	17,458
Loss on termination of debt
-	-	-	-	-	-	-550,735	-	-	-	-
Branch Realignment Expense
-	-	-	-	-	8,869	0	-	-	-	-
Foreclosed real estate and repossessed assets, net
17,050	17,756	13,187	23,193	24,567	27,950	41,358	49,238	40,385	31,886	19,170
FDIC insurance
-	-	-	-	-	32,066	30,425	28,747	23,584	19,109	2,990
Advertising and marketing
-	-	-	-	-	21,477	25,241	10,034	13,062	17,134	19,150
Deposit account premiums
-	-	-	-	-	-	-	22,891	17,304	30,682	16,888
Other
260,646	346,856	230,397	229,255	227,970	167,777	163,897	145,489	146,253	142,817	146,295
Other credit costs, net
-	-	-	185	123	-1,252	887	2,816	6,018	12,137	3,296
FDIC special assessment
-	-	-	-	-	-	-	-	-	8,362	-
Noninterest Expense
1,014,400	1,059,934	909,887	894,747	871,777	845,269	1,362,554	764,451	756,335	756,655	694,403
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
401,724	245,160	338,245	314,695	281,382	243,045	-339,555	178,828	244,415	143,670	205,660
Income Tax Expense (Benefit)
86,096	-33,624	116,528	108,872	99,766	84,345	-132,858	64,441	90,171	49,811	76,702
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
315,628	278,784	221,717	205,823	181,616	158,700	-206,697	114,387	154,244	93,859	128,958
Income attributable to non-controlling interest
11,270	10,147	9,593	8,700	7,429	7,032	6,187	4,993	3,297	-410	-
Net Income (Loss) Attributable to Parent
304,358	268,637	212,124	197,123	174,187	151,668	-212,884	109,394	150,947	94,269	128,958
Preferred stock dividends
11,588	19,904	19,388	19,388	19,388	19,065	5,606	-	-	6,378	2,540
Impact of preferred stock redemption
3,481	5,779	0	0	-	-	-	-	-	-	-
Non-cash deemed preferred stock dividend
-	-	-	-	-	-	-	-	-	12,025	-
Net income available to common stockholders
289,289	242,954	192,736	177,735	154,799	132,603	-218,490	109,394	150,947	75,866	126,418
Earnings Per Share [Abstract]
Basic (in dollars per share)
1.75	1.44	1.15	1.07	0.95	0.82	-1.37	0.71	1.08	0.60	1.01
Diluted (in dollars per share)
1.74	1.44	1.15	1.07	0.94	0.82	-1.37	0.71	1.08	0.60	1.01
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Basic (in shares)
165,585	168,679	167,219	-	-	-	-	-	-	-	-
Diluted (in shares)
166,561	169,089	167,807	-	-	-	-	-	-	-	-
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	0.40	1.00
Fees and service charges
Fee revenue
132,201	131,887	137,664	144,999	154,386	166,606	177,953	219,363	273,181	286,908	270,739
Card revenue
Fee revenue
58,864	55,732	54,882	54,387	51,323	51,920	52,638	96,147	111,067	104,770	103,082
ATM revenue
Fee revenue
19,690	19,624	20,445	21,544	22,225	22,656	24,181	27,927	29,836	30,438	32,645
Servicing fee income
Fee revenue
27,334	41,347	40,182	-	-	-	-	-	-	-	-