TCF Financial Corporation (TCF) financial statements (2020 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)

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 investments8959469361,499   
Cash and cash equivalents8959469361,499   
Total current assets:8959469361,499   
Noncurrent Assets
Property, plant and equipment428422418446436438440
Intangible assets, net (including goodwill)175178227229230232234
Goodwill155155226226226226226
Intangible assets, net (excluding goodwill)202423569
Amortization method qualified affordable housing project investments9182  
Total noncurrent assets:694682646675667670675
Other undisclosed assets22,11121,37419,86018,51818,72817,71017,551
TOTAL ASSETS:23,70023,00221,44120,69219,39518,38018,226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  45453
Total current liabilities:  45453
Noncurrent Liabilities
Liabilities, other than long-term debt56491322   
Qualified affordable housing project investments, commitment56491322
Total noncurrent liabilities:56491322   
Other undisclosed liabilities21,08720,27318,98018,35717,25516,41016,347
Total liabilities:21,14320,32218,99718,38517,25916,41516,349
Stockholders' equity
Stockholders' equity attributable to parent, including:2,5382,6632,4272,2912,1221,9531,863
Preferred stock169266263263263263263
Common stock2222222
Treasury stock, value(223)(10)(1)(1)(1)(1)(1)
Additional paid in capital885877863852817780750
Accumulated other comprehensive income (loss)(33)(19)(34)(15)(11)(27)12
Retained earnings1,767      
Other undisclosed stockholders' equity attributable to parent(29)1,5471,3351,1911,052937837
Stockholders' equity attributable to noncontrolling interest18181716141213
Total stockholders' equity:2,5562,6812,4452,3072,1351,9651,877
TOTAL LIABILITIES AND EQUITY:23,70023,00221,44120,69219,39518,38018,226

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues1,1181,4671,3971,3341,3071,2691,375
Net investment income1,084981900871   
Financial services revenue   319241255
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:9971,3431,2901,2421,2121,1501,128
Operating expenses(254)(722)(666)(669)(616)(518)(415)
Other operating income, net
(Noninterest Income, Other Operating Income)
1412910111813
Operating income:757632633583606651725
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:402245338315281243(340)
Income tax expense (benefit)(86)34(117)(109)(100)(84)133
Net income (loss):316279222206182159(207)
Net loss attributable to noncontrolling interest(11)(10)(10)(9)(7)(7)(6)
Net income (loss) attributable to parent:304269212197174152(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:289243193178155133(218)

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):316279222206182159(207)
Other comprehensive income (loss)(15)19(18)(4)16(40)(44)
Comprehensive income (loss):301297203201198119(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:290287194193190112(257)

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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