TCF Financial Corporation (TCF) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 895 | 946 | 936 | 1,499 | |||||
| Cash and cash equivalents | 895 | 946 | 936 | 1,499 | |||||
| Total current assets: | 895 | 946 | 936 | 1,499 | |||||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 428 | 422 | 418 | 446 | 436 | 438 | 440 | ||
| Intangible assets, net (including goodwill) | 175 | 178 | 227 | 229 | 230 | 232 | 234 | ||
| Goodwill | 155 | 155 | 226 | 226 | 226 | 226 | 226 | ||
| Intangible assets, net (excluding goodwill) | 20 | 24 | 2 | 3 | 5 | 6 | 9 | ||
| Amortization method qualified affordable housing project investments | 91 | 82 | ✕ | ✕ | ✕ | ||||
| Total noncurrent assets: | 694 | 682 | 646 | 675 | 667 | 670 | 675 | ||
| Other undisclosed assets | 22,111 | 21,374 | 19,860 | 18,518 | 18,728 | 17,710 | 17,551 | ||
| TOTAL ASSETS: | 23,700 | 23,002 | 21,441 | 20,692 | 19,395 | 18,380 | 18,226 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 4 | 5 | 4 | 5 | 3 | ||||
| Total current liabilities: | 4 | 5 | 4 | 5 | 3 | ||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 56 | 49 | 13 | 22 | |||||
| Qualified affordable housing project investments, commitment | 56 | 49 | 13 | 22 | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 56 | 49 | 13 | 22 | |||||
| Other undisclosed liabilities | 21,087 | 20,273 | 18,980 | 18,357 | 17,255 | 16,410 | 16,347 | ||
| Total liabilities: | 21,143 | 20,322 | 18,997 | 18,385 | 17,259 | 16,415 | 16,349 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 2,538 | 2,663 | 2,427 | 2,291 | 2,122 | 1,953 | 1,863 | ||
| Preferred stock | 169 | 266 | 263 | 263 | 263 | 263 | 263 | ||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Treasury stock, value | (223) | (10) | (1) | (1) | (1) | (1) | (1) | ||
| Additional paid in capital | 885 | 877 | 863 | 852 | 817 | 780 | 750 | ||
| Accumulated other comprehensive income (loss) | (33) | (19) | (34) | (15) | (11) | (27) | 12 | ||
| Retained earnings | 1,767 | ||||||||
| Other undisclosed stockholders' equity attributable to parent | (29) | 1,547 | 1,335 | 1,191 | 1,052 | 937 | 837 | ||
| Stockholders' equity attributable to noncontrolling interest | 18 | 18 | 17 | 16 | 14 | 12 | 13 | ||
| Total stockholders' equity: | 2,556 | 2,681 | 2,445 | 2,307 | 2,135 | 1,965 | 1,877 | ||
| TOTAL LIABILITIES AND EQUITY: | 23,700 | 23,002 | 21,441 | 20,692 | 19,395 | 18,380 | 18,226 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,118 | 1,467 | 1,397 | 1,334 | 1,307 | 1,269 | 1,375 | |
| Net investment income | 1,084 | 981 | 900 | 871 | ||||
| Financial services revenue | ✕ | 319 | 241 | 255 | ||||
| Cost of revenue | (121) | (124) | (106) | (92) | (96) | (118) | (247) | |
| 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) | (247) | |
| Gross profit: | 997 | 1,343 | 1,290 | 1,242 | 1,212 | 1,150 | 1,128 | |
| Operating expenses | (254) | (722) | (666) | (669) | (616) | (518) | (415) | |
| Other operating income, net (Noninterest Income, Other Operating Income) | 14 | 12 | 9 | 10 | 11 | 18 | 13 | |
| Operating income: | 757 | 632 | 633 | 583 | 606 | 651 | 725 | |
| Nonoperating income (expense) (Foreign Currency Transaction Gain (Loss), before Tax) | 25 | (8) | ||||||
| Interest and debt expense | (150) | (94) | (83) | (72) | (59) | (62) | (655) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (205) | (293) | (212) | (197) | (266) | (371) | (402) | |
| Income (loss) from continuing operations before income taxes: | 402 | 245 | 338 | 315 | 281 | 243 | (340) | |
| Income tax expense (benefit) | (86) | 34 | (117) | (109) | (100) | (84) | 133 | |
| Net income (loss): | 316 | 279 | 222 | 206 | 182 | 159 | (207) | |
| Net loss attributable to noncontrolling interest | (11) | (10) | (10) | (9) | (7) | (7) | (6) | |
| Net income (loss) attributable to parent: | 304 | 269 | 212 | 197 | 174 | 152 | (213) | |
| Preferred stock dividends and other adjustments | (3) | (6) | (19) | (19) | (19) | (19) | (6) | |
| Other undisclosed net loss available to common stockholders, basic | (12) | (20) | ||||||
| Net income (loss) available to common stockholders, diluted: | 289 | 243 | 193 | 178 | 155 | 133 | (218) | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 316 | 279 | 222 | 206 | 182 | 159 | (207) | |
| Other comprehensive income (loss) | (15) | 19 | (18) | (4) | 16 | (40) | (44) | |
| Comprehensive income (loss): | 301 | 297 | 203 | 201 | 198 | 119 | (251) | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (11) | (10) | (10) | (9) | (7) | (7) | (6) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 290 | 287 | 194 | 193 | 190 | 112 | (257) | |
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.