TCF: 4Q Earnings Snapshot
WAYZATA, Minn. (AP) _ TCF Financial Corp. (TCF) on Monday reported fourth-quarter earnings of $85.7 million.
The Wayzata, Minnesota-based bank said it had earnings of 51 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The holding company for TCF National Bank posted revenue of $421.6 million in the period. Its revenue net of interest expense was $377 million, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $367.5 million.
For the year, the company reported profit of $304.4 million, or $1.74 per share. Revenue was reported as $1.46 billion.
TCF shares have increased 11 percent since the beginning of the year. The stock has declined slightly more than 2 percent in the last 12 months.