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TCF TCF Financial

TCF Financial Corporation is a Detroit, Michigan-based financial holding company with $48 billionin total assets at Sept. 30, 2020 and a top 10 deposit market share in the Midwest. TCF's primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. TCF has approximately 475 branches primarily located in Michigan, Illinoisand Minnesotawith additional locations in Colorado, Ohio, South Dakotaand Wisconsin. TCF also conducts business across all 50 states and Canadathrough its specialty lending and leasing businesses.

Company profile

Ticker
TCF, TCFCP
Exchange
Website
CEO
Craig Dahl
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CHEMICAL FINANCIAL CORP
SEC CIK
IRS number
382022454

TCF stock data

(
)

Calendar

7 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.05B 1.05B 1.05B 1.05B 1.05B 1.05B
Cash burn (monthly) 70.43M 19.13M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 282.95M 76.86M n/a n/a n/a n/a
Cash remaining 766.35M 972.45M n/a n/a n/a n/a
Runway (months of cash) 10.9 50.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Jun 21 Green Joseph T Common Stock Sale back to company Dispose D Yes No 0 5,081 0 0
9 Jun 21 Green Joseph T Common Stock Sale back to company Dispose D Yes No 0 14,631.705 0 0
9 Jun 21 Green Joseph T Common Stock Sale back to company Dispose D Yes No 0 38,812.101 0 0
9 Jun 21 Green Joseph T Common Stock Sale back to company Dispose D No No 0 64,586 0 0
9 Jun 21 Green Joseph T Common Stock Grant Aquire A No No 0 3,959 0 64,586
9 Jun 21 Butterfield Thomas John Common Stock Sale back to company Dispose D Yes No 0 4,813.856 0 0
9 Jun 21 Butterfield Thomas John Common Stock Sale back to company Dispose D Yes No 0 838.873 0 0
9 Jun 21 Butterfield Thomas John Common Stock Sale back to company Dispose D No No 0 96,861 0 0
9 Jun 21 Butterfield Thomas John Common Stock Grant Aquire A No No 0 17,555 0 96,861
9 Jun 21 Sandra D. Kuohn Common Stock Sale back to company Dispose D No No 0 66,227 0 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 325 334 -2.7%
Opened positions 45 76 -40.8%
Closed positions 54 40 +35.0%
Increased positions 96 99 -3.0%
Reduced positions 131 117 +12.0%
13F shares
Current Prev Q Change
Total value 5.77B 5.21B +10.8%
Total shares 124.24M 123.91M +0.3%
Total puts 25.4K 72K -64.7%
Total calls 39.8K 308.4K -87.1%
Total put/call ratio 0.6 0.2 +173.4%
Largest owners
Shares Value Change
BLK Blackrock 16.84M $782.59M +9.7%
Vanguard 14.31M $665.07M +2.8%
STT State Street 6.76M $314.15M +43.1%
Dimensional Fund Advisors 6.49M $301.61M -0.9%
Victory Capital Management 5.28M $245.42M +4.5%
Fuller & Thaler Asset Management 5.15M $239.08M -6.3%
JPM JPMorgan Chase & Co. 4.56M $211.83M -2.5%
TROW T. Rowe Price 2.98M $138.41M +3348.4%
IVZ Invesco 2.89M $134.49M -3.5%
BK Bank Of New York Mellon 2.59M $120.14M -20.2%
Largest transactions
Shares Bought/sold Change
Cooke & Bieler 0 -4.04M EXIT
TROW T. Rowe Price 2.98M +2.89M +3348.4%
FMR 343.76K -2.39M -87.4%
STT State Street 6.76M +2.04M +43.1%
Norges Bank 0 -1.74M EXIT
BLK Blackrock 16.84M +1.49M +9.7%
Pentwater Capital Management 1.82M +1.18M +182.3%
BAC Bank Of America 2.32M +1.12M +92.6%
Spring Creek Capital 2.29M +1M +77.8%
C Citigroup 874.18K +800.34K +1083.9%

Financial report summary

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Management Discussion
  • Performance Summary We reported net income of $123.3 million for the three months ended March 31, 2021, compared to $51.9 million for the three months ended March 31, 2020. Merger-related expenses included in net income totaled $16.2 million for the three months ended March 31, 2021, and $36.7 million for the three months ended, March 31, 2020. Notable items, on a pre-tax basis, for the three months ended March 31, 2021 included $7.6 million loan servicing rights recovery of impairment. Notable items, for the three months ended March 31, 2020, included $8.2 million of loan servicing rights impairment and a $3.1 million net loss on transfer of Legacy TCF auto finance portfolio to held-for-sale. Adjusted net income, a non-GAAP financial measure that excludes merger-related expenses and the identified notable items, net of tax, was $130.1 million for the three months ended March 31, 2021, compared to $89.9 million for the three months ended March 31, 2020. See "Non-GAAP Financial Measures" in this Management's Discussion and Analysis for further information.
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