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Income Statement
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TCF FINANCIAL CORP (TCF)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  1,575.21,430.61,082.1966.9383.5271.8209.4195.6
        Interest income on investments  160.6117.758.537.723.317.916.216.6
       1,754.31,568.71,152.61,031.7410.4291.8227.3214.1
    Interest expense:  
        Interest on deposits  167.0226.2107.766.523.315.414.316.9
        Interest on borrowings         0.5
       228.6298.7150.894.329.317.814.717.4
Net interest income  1,982.01,867.20.2937.5381.1274.0212.6196.6
Provision for loan losses  257.265.346.868.414.96.56.111.0
Net interest income after provision for loan losses  1,724.81,801.9-46.6869.0366.2267.5206.5185.6
        Deposit and loan fees       25.522.421.9
        Gain on sale of investments, net  2.37.40.30.2 0.6 1.1
        Other non-interest income  298.6232.2451.6435.8122.454.140.737.3
Total non-interest income  301.0239.6452.0436.1122.480.263.160.4
Non-interest expenses  80.694.126.31,059.9338.4223.9179.9164.9
Pre-tax income before non-recurring items  249.7215.2425.9245.2218.7131.696.081.1
Non-recurring items  30.369.9  68.57.86.4 
Pre-tax income  219.5145.2425.9245.2150.1123.889.681.1
Income taxes  -6.0-15.5-1.0-33.642.137.027.524.3
            Tax rate      28.0%29.9%30.7%30.0%
Minority interest  7.311.511.310.1    
Net income  212.8285.5289.3243.0108.086.862.156.8
            Net margin  10.5%14.0%71.4%18.6%22.1%25.0%23.0%23.1%
   
Basic EPS  $1.40$2.56$3.44$2.83$2.21$2.41$1.98$2.02
Diluted EPS  $1.40$2.55$3.43$2.83$2.18$2.39$1.97$2.00
   
Shares outstanding (basic)  151.8111.684.185.749.036.131.428.2
Shares outstanding (diluted)  151.9111.884.385.749.636.431.628.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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