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TCF Financial (TCF)

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
Subsidiaries
CHEMBACO, LLC • Gateway One Lending & Finance, LLC • Red Iron Acceptance, LLC • TCF Agency Insurance Services, Inc. • TCF Auto Receivables, LLC • TCF Bank International, Inc. • TCF Commercial Finance Australia Pty Ltd • TCF Commercial Finance Canada, Inc. • Financement Commercial TCF Canada, Inc. • TCF Commercial Finance ...
IRS number
382022454

TCF stock data

Calendar

7 May 21
16 Aug 22
31 Dec 22
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
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income 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 (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.16B 316.39M n/a n/a n/a n/a
Cash remaining -115.52M 732.91M n/a n/a n/a n/a
Runway (months of cash) -1.6 38.3 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 Acquire 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 Acquire 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
0.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1 1
Opened positions 0 1 EXIT
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 1 1
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Huntington National Bank 1 $0 0.0%
Largest transactions Shares Bought/sold Change
Huntington National Bank 1 0 0.0%

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.

Content analysis

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Legalese
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