TCF Financial Corporation (TCF) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 LAKE STREET EAST
WAYZATA, MN 55391-1693
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 8959469361,499  
Cash and cash equivalents 8959469361,499  
Total current assets: 8959469361,499  
Noncurrent Assets
Property, plant and equipment 428422418446436438
Intangible assets, net (including goodwill) 175178227229230232
Goodwill 155155226226226226
Intangible assets, net (excluding goodwill) 20242356
Investment, proportional amortization method, elected, amount 9182  
Total noncurrent assets: 694682646675667670
Other undisclosed assets 22,11121,37419,86018,51818,72817,710
TOTAL ASSETS: 23,70023,00221,44120,69219,39518,380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   4545
Total current liabilities:   4545
Noncurrent Liabilities
Liabilities, other than long-term debt 56491322  
Investment program, proportional amortization method, elected, commitment 56491322
Total noncurrent liabilities: 56491322  
Other undisclosed liabilities 21,08720,27318,98018,35717,25516,410
Total liabilities: 21,14320,32218,99718,38517,25916,415
Equity
Equity, attributable to parent, including: 2,5382,6632,4272,2912,1221,953
Preferred stock 169266263263263263
Common stock 222222
Treasury stock, value (223)(10)(1)(1)(1)(1)
Additional paid in capital 885877863852817780
Accumulated other comprehensive loss (33)(19)(34)(15)(11)(27)
Retained earnings 1,767     
Other undisclosed equity, attributable to parent (29)1,5471,3351,1911,052937
Equity, attributable to noncontrolling interest 181817161412
Total equity: 2,5562,6812,4452,3072,1351,965
TOTAL LIABILITIES AND EQUITY: 23,70023,00221,44120,69219,39518,380

Income Statement (P&L) ($ in millions)

3/31/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 1,1181,4671,3971,3341,3071,269
Net investment income 1,084981900871  
Financial services revenue   319241
Cost of revenue (121)(124)(106)(92)(96)(118)
Cost of goods and services sold (74)(56)(40)(39)  
Provision for loan, lease, and other losses (47)
Financial services costs(68)(66)(53)(96)(118)
Gross profit: 9971,3431,2901,2421,2121,150
Operating expenses (254)(722)(666)(669)(616)(518)
Other operating income, net
(Noninterest Income, Other Operating Income)
 14129101118
Operating income: 757632633583606651
Nonoperating income (expense)
(gain, Foreign Currency Transaction, before Tax)
      25
Interest and debt expense (150)(94)(83)(72)(59)(62)
Other undisclosed loss from continuing operations before equity method investments, income taxes (205)(293)(212)(197)(266)(371)
Income from continuing operations before income taxes: 402245338315281243
Income tax expense (benefit) (86)34(117)(109)(100)(84)
Income from continuing operations: 316279222206182159
Income before gain (loss) on sale of properties: 316279222206182159
Net income: 316279222206182159
Net loss attributable to noncontrolling interest (11)(10)(10)(9)(7)(7)
Net income attributable to parent: 304269212197174152
Preferred stock dividends and other adjustments (3)(6)(19)(19)(19)(19)
Other undisclosed net loss available to common stockholders, basic (12)(20)    
Net income available to common stockholders, diluted: 289243193178155133

Comprehensive Income ($ in millions)

3/31/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income: 316279222206182159
Other comprehensive income (loss) (15)19(18)(4)16(40)
Comprehensive income: 301297203201198119
Other undisclosed comprehensive loss, net of tax, attributable to parent (11)(10)(10)(9)(7)(7)
Comprehensive income, net of tax, attributable to parent: 290287194193190112

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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