TCF Financial Corporation (TCF) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6448958338799159461,141
Cash and cash equivalents6448958338799159461,141
Total current assets:6448958338799159461,141
Noncurrent Assets
Property, plant and equipment430428430431427422425
Intangible assets, net (including goodwill)155175155155155178250
Goodwill155155155155155155228
Intangible assets, net (excluding goodwill) 20   2422
Amortization method qualified affordable housing project investments 91   8276
Total noncurrent assets:584694584586582682751
Other undisclosed assets23,19022,11121,48721,71921,88821,37421,114
TOTAL ASSETS:24,41923,70022,90523,18423,38523,00223,005
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt356 211  
Total current liabilities:356 211  
Noncurrent Liabilities
Liabilities, other than long-term debt 56   4940
Qualified affordable housing project investments, commitment 56   4940
Total noncurrent liabilities: 56   4940
Other undisclosed liabilities21,41721,08720,37420,67920,83320,27320,369
Total liabilities:21,77321,14320,37720,68020,83420,32220,409
Stockholders' equity
Stockholders' equity attributable to parent, including:2,6162,5382,5072,4812,5232,6632,577
Preferred stock169169169169169266266
Common stock2222222
Treasury stock, value (223)(160)(136)(68)(10) 
Additional paid in capital876885882877878877865
Accumulated other comprehensive income (loss)5(33)(65)(53)(47)(19)(14)
Retained earnings1,8111,7671,7081,649   
Other undisclosed stockholders' equity attributable to parent(247)(29)(29)(28)1,5881,5471,458
Stockholders' equity attributable to noncontrolling interest29182124281820
Total stockholders' equity:2,6462,5562,5282,5052,5512,6812,597
TOTAL LIABILITIES AND EQUITY:24,41923,70022,90523,18423,38523,00223,005

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

3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
Revenues284309271325313392367
Net investment income284 271273264261248
Financial services revenue5349(158)62
Cost of revenue(29)(38)(22)(32)(29)(39)(30)
Cost of goods and services sold(19)(19)(20)(18)(17)(16)(16)
Provision for loan, lease, and other losses(10)(19)(2)  
Financial services costs(14)(11)(22)(15)
Gross profit:255271250293285353337
Operating expenses(64)(60)(56)(206)(179)(204)(170)
Other operating income, net
(Noninterest Income, Other Operating Income)
 14 4412 
Operating income:19122519491109161167
Interest and debt expense(52)(45)(38)(36)(32)(29)(24)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(44)(72)(39)2321(139)(50)
Income (loss) from continuing operations before income taxes:951081177998(7)94
Income tax expense (benefit)(21)(20)(28)(16)(22)111(31)
Net income:738889627610463
Net loss attributable to noncontrolling interest(3)(3)(3)(3)(3)(2)(3)
Net income attributable to parent:708686597410161
Preferred stock dividends and other adjustments(2) (2)(2)(3)10(6)
Other undisclosed net loss available to common stockholders, basic (2)  (4)(14)(6)
Net income available to common stockholders, diluted:68838456669848

Comprehensive Income ($ in millions)

3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
Net income:738889627610463
Other comprehensive income (loss)3932(12)(6)(28)(1)4
Comprehensive income:11212076564810267
Other undisclosed comprehensive loss, net of tax, attributable to parent(3)(3)(3)(3)(3)(2)(3)
Comprehensive income, net of tax, attributable to parent:10911874534510064

Statements sources

The financial statements are based on the company's filings with the 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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