TCF: 2Q Earnings Snapshot
WAYZATA, Minn. (AP) _ TCF Financial Corp. (TCF) on Thursday reported second-quarter net income of $90.4 million.
The Wayzata, Minnesota-based bank said it had earnings of 54 cents per share. Earnings, adjusted for non-recurring costs, came to 56 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The holding company for TCF National Bank posted revenue of $420.4 million in the period. Its revenue net of interest expense was $363.8 million, falling short of Street forecasts. Six analysts surveyed by Zacks expected $367.7 million.
TCF shares have risen 12% since the beginning of the year. The stock has declined 14% in the last 12 months.