TCF Financial Corporation TCF Income Statement

Tcf financial corporation (TCF)

Income statement / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest income:
Loans and leases
279,447	279,594	270,804	264,678	269,280	260,375	256,633	243,973	234,092	219,548	210,848	210,765	214,128	214,805	212,346	207,250	207,164	205,976	205,507	205,604	206,788	202,537	204,042	203,879	206,675	204,905	210,490	210,140	208,766	205,984	205,415	210,885	213,823	214,673	220,772	219,974	221,913	221,264	217,307	215,400
Debt securities available for sale
22,325	18,815	17,097	14,838	12,516	10,123	8,760	8,486	8,052	7,980	7,553	7,126	6,396	5,498	4,864	4,161	3,543	3,080	3,053	2,973	2,805	3,163	4,194	4,448	4,637	4,795	4,615	5,607	5,816	19,112	22,559	22,561	20,639	19,429	18,072	19,901	21,065	21,407	20,474	23,217
Debt securities held to maturity
924	535	965	988	998	1,019	1,048	1,073	1,035	1,280	1,165	1,049	1,116	1,319	1,336	1,361	1,384	1,405	1,429	1,445	1,443	964	94	57	62	64	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans held for sale and other
4,247	4,301	4,631	6,678	3,529	3,745	4,187	4,073	5,338	13,499	12,092	13,786	12,364	10,720	6,905	10,832	10,990	9,333	9,819	9,681	9,055	7,963	7,599	7,069	6,234	5,786	3,641	4,105	3,633	2,433	2,333	1,997	1,836	1,801	1,900	1,232	1,236	1,141	1,217	1,137
Interest and Dividend Income, Operating
306,943	303,245	293,497	287,182	286,323	275,262	270,628	257,605	248,517	242,307	231,658	232,726	234,004	232,342	225,451	223,604	223,081	219,794	219,808	219,703	220,091	214,627	215,929	215,453	217,608	215,550	219,027	219,852	218,215	227,529	230,307	235,443	236,298	235,903	240,744	241,107	244,214	243,812	238,998	239,754
Interest expense:
Deposits
40,542	37,480	33,315	27,335	23,953	22,510	20,846	17,015	14,436	13,715	15,053	15,851	15,893	14,991	13,772	12,302	11,080	11,072	10,760	10,711	8,877	8,037	8,428	9,644	8,851	9,681	10,972	10,757	10,197	9,061	9,791	11,883	11,430	12,004	13,370	13,974	16,281	17,604	27,512	33,345
Borrowings
16,077	14,858	11,294	10,726	11,571	9,553	7,922	6,487	6,920	6,478	5,159	4,857	5,127	5,693	6,010	6,032	5,972	5,302	4,974	4,812	5,113	5,316	5,639	6,182	6,713	6,778	6,992	8,536	9,794	38,295	47,082	47,496	48,718	49,859	53,088	53,378	51,434	51,546	49,997	49,946
Interest Expense
56,619	52,338	44,609	38,061	35,524	32,063	28,768	23,502	21,356	20,193	20,212	20,708	21,020	20,684	19,782	18,334	17,052	16,374	15,734	15,523	13,990	13,353	14,067	15,826	15,564	16,459	17,964	19,293	19,991	47,356	56,873	59,379	60,148	61,863	66,458	67,352	67,715	69,150	77,509	83,291
Interest Income (Expense), Net
250,324	250,907	248,888	249,121	250,799	243,199	241,860	234,103	227,161	222,114	211,446	212,018	212,984	211,658	205,669	205,270	206,029	203,420	204,074	204,180	206,101	201,274	201,862	199,627	202,044	199,091	201,063	200,559	198,224	180,173	173,434	176,064	176,150	174,040	174,286	173,755	176,499	174,662	161,489	156,463
Provision for credit losses
13,569	10,122	18,894	2,270	14,236	11,368	22,259	14,545	19,446	12,193	19,888	13,894	13,250	18,842	17,607	10,018	12,528	12,791	55,597	15,739	9,909	14,492	22,792	24,602	32,591	38,383	48,520	96,275	54,106	48,542	59,249	52,315	44,005	45,274	77,646	59,287	49,013	50,491	75,544	61,891
Interest Income (Expense), after Provision for Loan Loss
236,755	240,785	229,994	246,851	236,563	231,831	219,601	219,558	207,715	209,921	191,558	198,124	199,734	192,816	188,062	195,252	193,501	190,629	148,477	188,441	196,192	186,782	179,070	175,025	169,453	160,708	152,543	104,284	144,118	131,631	114,185	123,749	132,145	128,766	96,640	114,468	127,486	124,171	85,945	94,572
Non-interest income:
Noninterest Income, Leasing and Equipment Finance Income
42,126	41,139	-	-	42,904	41,847	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Servicing fee income
-	-	-	-	-	-	-	-	10,730	11,651	-	10,393	9,502	8,883	8,622	8,049	7,216	7,342	6,365	5,880	4,892	4,307	-	3,619	3,128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subtotal
-	-	-	14,796	-	-	-	18,015	20,090	23,406	-	35,545	30,484	30,187	24,862	25,615	29,926	22,370	25,502	29,505	20,313	24,483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leasing and equipment finance
-	-	-	45,045	-	-	42,831	34,080	39,830	28,298	31,316	28,289	31,074	28,487	32,355	27,165	26,385	22,224	24,367	24,383	23,069	21,980	23,072	28,778	22,609	16,460	25,600	20,498	23,207	22,867	18,492	21,646	22,279	26,750	23,402	24,912	20,528	20,352	15,173	16,881
Subtotal
-	-	-	-	-	-	-	-	51,948	49,107	-	54,170	53,993	51,201	56,665	56,533	55,737	51,995	57,556	59,112	57,078	54,188	61,702	61,565	60,670	57,245	62,820	62,794	67,896	61,262	71,253	93,676	91,706	86,802	96,090	103,448	114,280	100,266	111,687	112,113
Gains on sales of auto loans, net
10,828	7,972	17,183	0	7,192	9,123	39,543	0	380	2,864	51,572	11,624	10,143	11,920	3,136	10,423	10,756	6,265	12,962	14,863	7,270	8,470	7,278	7,140	8,135	7,146	6,869	7,486	5,496	2,250	-	-	-	-	-	-	-	-	-	-
Gains on sales of consumer real estate loans, net
-	-	-	8,764	-	-	-	8,049	8,980	8,891	-	13,528	10,839	9,384	13,104	7,143	11,954	8,763	6,175	8,762	8,151	11,706	5,345	4,152	4,069	8,126	-	4,559	-	-	-	-	-	-	-	-	-	-	-	-
Gains (losses) on debt securities, net
1,066	451	167	94	24	63	48	189	0	0	135	-600	0	-116	-29	-131	-59	-78	-20	-94	767	374	-	-80	-	-	-528	13,033	13,116	76,611	-	1,648	-227	-	21,185	8,505	-137	-430	-	10,556
Other
1,936	2,347	2,375	3,818	3,934	3,716	3,218	2,930	2,795	2,703	1,365	2,270	2,405	2,843	1,806	3,070	1,460	4,127	2,363	3,170	2,789	2,382	312	986	1,172	3,726	-3,237	3,688	3,168	2,355	1,570	786	384	694	817	1,077	1,235	2,455	1,197	820
Fees and other revenue
-	-	-	116,351	-	-	-	109,041	114,663	103,514	-	120,274	117,956	112,718	115,688	112,383	113,508	100,716	109,788	116,170	103,249	103,033	104,368	106,240	99,783	92,703	100,665	99,025	99,767	88,734	92,448	116,108	114,369	114,246	120,309	129,437	136,043	123,073	128,057	129,814
Total non-interest income
113,451	107,026	128,133	116,445	114,103	112,204	120,892	109,230	114,663	103,514	115,668	119,674	117,956	112,602	115,659	112,252	113,449	100,638	109,768	116,076	104,016	103,407	105,412	106,160	99,783	92,703	100,137	112,058	112,883	165,345	98,290	117,756	114,142	114,246	141,494	137,942	135,906	122,643	128,057	140,370
Non-interest expense:
Compensation and employee benefits
114,369	121,557	129,521	123,127	120,575	123,840	127,630	114,954	115,630	124,298	116,243	117,155	118,093	124,473	109,061	116,708	116,159	115,815	115,796	112,393	109,664	115,089	108,589	110,833	105,537	104,229	101,678	98,409	97,787	95,967	82,595	87,758	89,082	89,357	80,582	90,282	86,983	88,225	90,680	90,752
Occupancy and equipment
41,828	41,737	42,250	42,337	40,711	40,514	39,578	38,766	38,965	39,600	38,150	37,938	36,884	37,008	37,824	34,159	36,152	36,827	35,747	34,121	34,316	34,839	35,504	33,253	33,062	32,875	32,809	33,006	32,731	32,246	32,366	31,129	30,783	32,159	30,968	32,091	31,311	32,181	31,619	31,527
Subtotal
-	-	-	223,453	-	-	-	215,301	215,958	228,114	-	214,514	214,393	214,829	203,815	207,242	208,212	212,691	187,121	214,784	207,081	210,949	181,410	207,881	201,189	194,722	207,361	185,545	189,454	187,214	192,086	176,557	174,119	169,635	198,205	174,034	167,778	169,915	174,358	174,721
Lease financing equipment depreciation
19,133	19,256	19,085	19,525	17,945	17,274	16,497	15,696	12,466	11,242	10,906	10,038	9,842	9,573	13,608	9,485	8,582	7,734	6,878	7,434	6,613	6,227	6,009	6,706	6,150	5,635	5,905	6,325	6,417	6,731	6,811	7,409	7,859	7,928	8,289	8,965	9,812	10,040	3,734	3,860
Loss on termination of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-550,735	-	-	-	-	-	-	-	-	-	-
Foreclosed real estate and repossessed assets, net
2,448	4,630	4,396	3,881	3,857	4,916	4,739	3,829	4,639	4,549	1,889	4,243	3,135	3,920	4,940	5,680	6,377	6,196	7,441	5,315	5,743	6,068	6,066	4,162	7,555	10,167	7,582	10,670	12,059	11,047	11,323	12,430	12,617	12,868	12,781	9,588	8,756	9,260	8,461	6,390
Merger-related expenses
4,226	9,458	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,832	4,864	5,393	-	7,292	7,625	7,563	7,892	8,102	8,362	7,710	8,671	6,899	8,469	6,386	6,647	7,363	7,542	7,195	7,398	5,486	5,219	5,481	5,085	4,941
Advertising and marketing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,793	5,150	6,523	-	5,656	6,245	5,896	5,620	4,593	5,532	5,732	12,972	4,248	5,404	2,617	2,250	1,145	3,479	3,160	3,154	3,354	3,734	2,820	4,766	4,134
Deposit account premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	664	600	602	-	485	1,690	5,971	6,482	7,045	6,166	3,198	1,688	3,340	5,478	6,798	7,472	7,287
Other
54,845	56,437	54,270	57,989	88,951	59,436	159,696	61,581	61,363	64,216	58,212	59,421	59,416	53,348	89,485	45,750	45,887	48,133	96,129	47,888	42,618	41,335	44,162	43,730	41,946	37,939	53,472	36,173	36,956	37,296	39,148	34,708	37,067	34,566	37,309	39,481	35,053	34,410	34,736	36,080
Other credit costs, net
-	-	-	-436	-	-	-	209	24	101	-	83	-54	12	224	-123	-62	146	44	-411	371	119	-376	189	-228	-837	-894	593	1,476	-288	-89	-139	496	2,548	1,542	-834	2,723	2,587	3,714	3,213
FDIC special assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,362
Noninterest Expense
236,849	253,075	249,958	246,423	272,039	245,980	347,806	235,035	233,087	244,006	225,359	228,878	227,316	228,334	222,587	222,284	223,109	226,767	221,758	219,688	213,195	217,136	220,469	212,232	208,516	204,052	214,049	196,808	202,989	748,708	187,533	188,848	195,091	192,979	183,711	191,753	189,069	191,802	190,267	196,546
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
113,357	94,736	108,169	116,873	78,627	98,055	-7,313	93,753	89,291	69,429	81,867	88,920	90,374	77,084	81,134	85,220	83,841	64,500	36,487	84,829	87,013	73,053	64,013	68,953	60,720	49,359	38,631	19,534	54,012	-451,732	24,942	52,657	51,196	50,033	54,423	60,657	74,323	55,012	23,735	38,396
Income Tax Expense (Benefit)
19,314	21,287	20,013	28,034	16,418	21,631	-110,965	30,704	25,794	20,843	29,762	30,257	29,706	26,803	26,614	30,528	28,902	22,828	11,011	30,791	31,385	26,579	22,791	24,551	19,444	17,559	10,540	6,304	20,542	-170,244	7,424	19,159	19,086	18,772	18,417	22,852	28,112	20,790	6,491	14,853
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
94,043	73,449	88,156	88,839	62,209	76,424	103,652	63,049	63,497	48,586	52,105	58,663	60,668	50,281	54,520	54,692	54,939	41,672	25,476	54,038	55,628	46,474	41,222	44,402	41,276	31,800	28,091	13,230	33,470	-281,488	17,518	33,498	32,110	31,261	36,006	37,805	46,211	34,222	17,244	23,543
Income attributable to non-controlling interest
3,616	2,955	2,504	2,643	3,460	2,663	2,253	2,521	3,065	2,308	2,013	2,371	2,974	2,235	2,028	2,117	2,684	1,871	1,488	1,721	2,503	1,717	1,227	1,607	2,372	1,826	1,306	1,536	1,939	1,406	1,075	1,243	1,686	989	898	912	1,186	301	-207	-
Net Income (Loss) Attributable to Parent
90,427	70,494	85,652	86,196	58,749	73,761	101,399	60,528	60,432	46,278	50,092	56,292	57,694	48,046	52,492	52,575	52,255	39,801	23,988	52,317	53,125	44,757	39,995	42,795	38,904	29,974	26,785	11,694	31,531	-282,894	-	-	-	-	-	-	-	33,921	17,451	23,543
Preferred stock dividends
2,494	2,493	2,494	2,494	2,494	4,106	3,746	6,464	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,847	4,524	-	2,372	-	-	-	-	-	-	-	-	-	-	-	1,193
Impact of preferred stock redemption
0	0	0	0	0	3,481	0	5,779	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash deemed preferred stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,025
Net income available to common stockholders
87,933	68,001	83,158	83,702	56,255	66,174	97,653	48,285	55,585	41,431	45,245	51,445	52,847	43,199	47,645	47,728	47,408	34,954	19,141	47,470	48,278	39,910	35,148	37,948	34,057	25,450	23,551	9,322	31,531	-282,894	16,443	32,255	30,424	30,272	-	36,893	45,025	-	17,451	10,325
Earnings Per Share [Abstract]
Reclassification adjustment for securities gains included in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,915	-	-	-	-	-	-	-	-
Unrealized holding gains arising during the period on securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116,958	31,084	-21,070	-	-	-	-	-	-
Foreign currency hedge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,319	-93	-507	-	-	-	-	-	-
Foreign currency translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,410	120	414	-	-	-	-	-	-
Recognized postretirement prior service cost and transition obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	1	-	-	-	-	-	-
Income tax (expense) benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,643	11,362	-7,904	-	-	-	-	-	-
Total other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,310	19,750	-13,258	-	-	-	-	-	-
Comprehensive income (loss) attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104,565	50,174	17,014	-	-	-	-	-	-
Basic (in dollars per share)
0.54	0.42	0.51	0.51	0.34	0.39	0.57	0.29	0.33	0.25	0.26	0.31	0.32	0.26	0.28	0.29	0.29	0.21	0.11	0.29	0.30	0.25	0.21	0.24	0.21	0.16	0.15	0.06	0.20	-1.78	0.11	0.20	0.19	0.21	0.24	0.26	0.32	0.26	0.14	0.08
Diluted (in dollars per share)
0.54	0.42	0.50	0.51	0.34	0.39	0.57	0.29	0.33	0.25	0.27	0.31	0.31	0.26	0.28	0.29	0.29	0.21	0.12	0.29	0.29	0.24	0.22	0.23	0.21	0.16	0.15	0.06	0.20	-1.78	0.11	0.20	0.19	0.21	0.24	0.26	0.32	0.26	0.14	0.08
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Basic (in shares)
161,973	161,865	-	-	165,728	168,507	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in shares)
162,305	162,427	-	-	166,857	169,997	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.05	0.05	0.05	-	0.05	0.05	0.05	0.05	0.05
Fees and service charges
Fee revenue
32,477	31,324	36,206	32,574	32,670	30,751	-	-	32,733	31,282	35,132	35,093	34,622	32,817	37,741	36,991	36,295	33,972	39,477	40,255	38,035	36,619	43,254	42,457	41,572	39,323	44,262	43,745	48,090	41,856	51,002	58,452	56,396	53,513	61,480	67,684	77,845	66,172	77,433	77,536
Card revenue
Fee revenue
15,632	14,243	15,078	15,065	14,962	13,759	-	-	14,154	13,150	13,689	13,747	14,083	13,363	13,781	13,803	13,902	12,901	12,830	12,994	13,249	12,250	13,066	13,167	13,270	12,417	12,974	12,927	13,530	13,207	13,643	27,701	28,219	26,584	27,625	27,779	28,591	27,072	26,393	26,604
ATM revenue
Fee revenue
4,863	4,440	5,054	5,053	4,933	4,650	-	-	5,061	4,675	4,806	5,330	5,288	5,021	5,143	5,739	5,540	5,122	5,249	5,863	5,794	5,319	5,382	5,941	5,828	5,505	5,584	6,122	6,276	6,199	6,608	7,523	7,091	6,705	6,985	7,985	7,844	7,022	7,861	7,973
Subtotal
Fee revenue
-	-	-	52,692	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Servicing fee income
Fee revenue
4,523	5,110	5,523	6,032	7,484	8,295	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-