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TCF Financial

OverviewSuggest Edit

TCF Financial (formerly known as Chemical Bank Corporation) is a financial holding company. Through its subsidiaries, TCF offers consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses, and commercial clients. The company was formed as a result of a merger between Chemical Financial Corporation and TCF Financial Corporation.

TypePublic
Founded1923
HQDetroit, MI, USMap
Websitetcfbank.com
Employee Ratings3.5More
Overall CultureDMore

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)4,846(-9%)
Revenue (FY, 2018)$470.9 M(-67%)
Share Price (Mar 2021)$46.4 (+4%)
Cybersecurity ratingCMore

Key People/Management at TCF Financial

Michael S. Jones

Michael S. Jones

Executive Vice President, Regional Banking
Sandra D. Kuohn

Sandra D. Kuohn

Chief Human Capital Officer
Thomas J. Butterfield

Thomas J. Butterfield

Chief Technology and Operations Officer
Brian W. Maass

Brian W. Maass

Deputy Chief Financial Officer and Treasurer
Joseph T. Green

Joseph T. Green

General Counsel and Corporate Secretary
William S. Henak

William S. Henak

Executive Vice President, Specialty Lending
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TCF Financial Office Locations

TCF Financial has an office in Detroit
Detroit, MI, US (HQ)
333 W Fort St #1800
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TCF Financial Financials and Metrics

TCF Financial Revenue

TCF Financial's revenue was reported to be $470.89 m in FY, 2018
USD

Revenue (Q2, 2019)

113.5m

Net income (Q2, 2019)

90.4m

Market capitalization (1-Mar-2021)

7.1b

Closing stock price (1-Mar-2021)

46.4

Cash (30-Jun-2019)

555.3m

EV

10.5b
TCF Financial's current market capitalization is $7.1 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

538.0m1.4b1.4b1.3b1.3b1.3b1.4b1.5b470.9m

Revenue growth, %

3%2%5%

Sales and marketing expense

13.1m10.0m16.6m19.1m22.9m22.8m

Operating expense total

159.3m155.5m180.5m186.9m202.8m209.0m231.4m345.5m260.6m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

135.9m137.9m114.2m350.4m353.2m392.9m331.1m331.9m308.3m317.4m321.6m318.0m324.1m335.8m320.4m336.5m335.9m344.9m352.0m352.4m345.8m363.2m366.8m112.2m114.1m116.4m107.0m113.5m

Sales and marketing expense

3.7m3.4m3.2m3.5m1.1m2.6m5.4m4.2m5.7m5.5m4.6m5.5m5.9m5.3m6.5m5.2m5.8m5.9m5.7m5.5m

Operating expense total

38.8m42.8m37.7m40.5m35.9m39.9m42.4m40.4m43.7m47.5m48.3m46.8m48.5m53.2m54.7m51.0m51.5m49.2m55.7m55.3m64.0m61.1m61.4m58.8m89.1m58.0m56.4m54.8m

Interest expense

67.7m67.4m61.9m60.1m59.4m47.4m20.0m19.3m16.5m15.6m15.8m13.4m14.0m15.5m16.4m17.1m18.3m20.7m21.0m20.7m20.2m21.4m23.5m32.1m35.5m38.1m52.3m56.6m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

663.9m1.4b1.1b915.1m1.1b889.3m609.6m621.8m587.1m

Accounts Receivable

14.5b13.9b15.2b15.6b16.2b17.3b18.9b18.9b

Inventories

PP&E

443.8m436.3m440.5m437.6m436.4m445.9m418.4m421.5m427.5m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

387.7m386.7m702.8m752.5m1.2b705.6m865.3m922.1m1.2b1.1b983.8m866.9m881.4m840.8m925.1m912.5m786.1m870.2m668.0m656.5m468.6m551.5m711.7m588.9m581.9m570.0m463.8m555.3m

Accounts Receivable

14.4b14.6b14.5b14.4b14.1b14.9b15.0b15.0b15.3b15.3b15.4b16.0b15.8b16.2b16.9b16.7b17.0b17.7b17.3b17.2b17.8b18.2b18.8b19.2b18.4b18.3b19.2b19.0b

PP&E

447.3m446.4m443.1m439.9m434.3m433.4m442.3m442.4m438.6m439.0m437.1m440.8m436.6m436.3m434.0m435.6m445.0m439.5m428.5m424.5m423.1m423.7m425.1m427.5m431.0m429.6m429.7m432.8m

Goodwill

152.6m152.6m152.6m152.6m152.6m225.6m225.6m225.6m225.6m225.6m225.6m225.6m225.6m225.6m225.6m225.6m225.6m225.6m225.6m225.6m225.6m227.1m227.8m154.8m154.8m154.8m154.8m154.8m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

146.6m109.4m(212.9m)151.7m174.2m197.1m221.7m278.8m315.6m

Depreciation and Amortization

86.6m73.2m109.2m118.0m128.7m157.3m182.2m206.6m222.6m

Cash From Operating Activities

515.7m496.5m497.6m411.0m311.8m363.7m289.3m239.5m556.8m

Purchases of PP&E

(36.1m)(34.9m)(44.1m)(37.9m)(45.5m)(53.6m)(34.5m)(48.4m)(56.1m)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

78.9m115.8m29.7m59.5m91.2m(282.9m)(251.4m)(242.0m)30.0m68.9m111.7m44.8m97.9m150.2m39.8m92.1m144.6m48.0m105.7m162.0m48.6m112.1m175.1m76.4m138.6m227.5m73.4m167.5m

Depreciation and Amortization

44.4m65.7m19.9m40.3m55.2m18.1m38.4m79.0m29.9m55.0m85.2m29.4m62.1m95.4m36.8m74.8m111.3m46.0m91.9m135.1m45.5m94.9m149.3m56.6m110.2m167.1m56.5m114.5m

Cash From Operating Activities

252.6m369.0m109.7m274.4m399.1m111.9m255.6m395.7m369.3m221.9m315.8m45.4m87.6m195.5m(63.3m)155.9m332.7m137.7m276.0m324.4m(142.2m)(54.4m)52.6m116.9m263.4m403.9m136.9m212.9m

Purchases of PP&E

(19.4m)(28.5m)(8.8m)(15.6m)(22.2m)(8.4m)(26.9m)(34.5m)(9.7m)(17.4m)(24.5m)(12.6m)(22.9m)(33.0m)(8.4m)(20.6m)(38.5m)(7.7m)(13.9m)(22.2m)(9.6m)(21.9m)(36.4m)(18.1m)(33.5m)(45.5m)(41.1m)(68.3m)
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USDQ2, 2010

Debt/Equity

3.1 x

Debt/Assets

0.3 x

Financial Leverage

12.2 x
Show all financial metrics

TCF Financial Operating Metrics

TCF Financial's Total Loans was reported to be $18.4b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

379 375 339

Dealers

10.50 k11.80 k11.40 k

Non-accrual Loans

$216.73 m$222.14 m$205.71 m$206.11 m$200.47 m$198.65 m$195.54 m$190.05 m$181.45 m$138.98 m$129.27 m

Total Loans

$16.40 b$17.06 b$16.88 b$17.20 b$17.44 b$17.85 b$17.47 b$17.38 b$17.84 b$17.97 b$18.37 b
Show all operating metrics

TCF Financial Revenue Breakdown

Embed Graph

TCF Financial revenue breakdown by business segment: 62.0% from Consumer Banking and 38.0% from Wholesale Banking

TCF Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

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TCF Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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TCF Financial Online and Social Media Presence

TCF Financial's Trends

Embed Graph

TCF Financial Company Culture

  • Overall Culture

    D

    57/100

  • CEO Rating

    F

    50/100

  • Compensation

    B-

    68/100

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TCF Financial News and Updates

December 19, 2020

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of TCF Financial Corp. - TCF

NEW YORK, Dec. 18, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating TCF Financial Corp. ("TCF" or the "Company") (TCF) relating to its...
December 15, 2020

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of TCF Financial Corporation Merger

WILMINGTON, Del., Dec. 14, 2020 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. announces that it is investigating TCF Financial Corporation (“TCF”) (NASDAQ GS: TCF) regarding possible breaches of fiduciary duties and other violations of law related to TCF’s agreement to be acquired by Huntington B…
December 14, 2020

Huntington Bancshares to merge with TCF Financial in all-stock deal

U.S. regional lenders Huntington Bancshares and TCF Financial have entered an all-stock deal to create a company worth about $22 billion in market value.
December 14, 2020

Huntington Bancshares to Buy TCF Financial for $6 Billion

Huntington Bancshares to Acquire TCF Financial for $6 Billion
December 14, 2020

Huntington Bancshares And TCF Financial Corporation Announce Merger To Create Top 10 U.S. Regional Bank

COLUMBUS, Ohio and DETROIT, Dec. 13, 2020 /PRNewswire/ -- Huntington Bancshares Incorporated ("Huntington") (Nasdaq: HBAN; www.huntington.com), the parent company of The Huntington National Bank, and TCF Financial Corporation ("TCF") (Nasdaq: TCF; www.tcfbank.com), the parent company of...
March 07, 2019

TCF FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of TCF Financial Corporation - TCF

NEW ORLEANS, March 6, 2019 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of TCF Financial Corporation (NYSE: TCF) ("TCF") to Chemical Financial Corporation (NasdaqGS:...
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TCF Financial Blogs

July 25, 2019

TCF Reports Quarterly Net Income of $90.4 Million, or $0.54 Per Share

Dateline City: WAYZATA, Minn. Adjusted diluted earnings per common share of $0.56,(1) excluding 2 cents per share after-tax impact of merger-related expenses WAYZATA, Minn.--…
July 16, 2019

Chemical Financial Corporation and TCF Financial Corporation Receive Regulatory Approval for Merger of Equals

Dateline City: DETROIT & WAYZATA, Minn. Merger expected to be completed on August 1, 2019 DETROIT & WAYZATA, Minn.--(BUSINESS WIRE)--Chemical Financial Corporation (Che…
July 11, 2019

TCF to Announce Second Quarter 2019 Earnings and Host Conference Call on Thursday, July 25, 2019

Dateline City: WAYZATA, Minn. WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced it will release its second quarter 2019 earnings results before the market opens on Thursday, July 25, 2019. Crai…
July 02, 2019

TCF National Bank Announces Closing of $150 Million Fixed-to-Floating Rate Subordinated Bank Notes Offering

Dateline City: WAYZATA, Minn. WAYZATA, Minn.--(BUSINESS WIRE)--TCF National Bank (“TCF Bank”), a wholly-owned subsidiary of TCF Financial Corporation (“TCF”) (NYSE: TCF), today announced the closing of its offering of $150 million aggre…
June 11, 2019

Introducing TCF Capital Solutions

Dateline City: WAYZATA, Minn. TCF Capital Solutions brings together TCF Equipment Finance and Winthrop Resources to deliver deep lending and leasing expertise for healthcare, i…
June 07, 2019

Chemical Financial Corporation and TCF Financial Corporation Shareholders Approve Merger of Equals

Dateline City: DETROIT & WAYZATA, Minn. DETROIT & WAYZATA, Minn.--(BUSINESS WIRE)--Chemical Financial Corporation (Chemical) (NASDAQ: CHFC) and TCF Financial Corporation (TCF) (NYSE: TCF) today jointly announced that at …

 TCF Financial Frequently Asked Questions

  • When was TCF Financial founded?

    TCF Financial was founded in 1923.

  • Who are TCF Financial key executives?

    TCF Financial's key executives are Michael S. Jones, Sandra D. Kuohn and Thomas J. Butterfield.

  • How many employees does TCF Financial have?

    TCF Financial has 4,846 employees.

  • What is TCF Financial revenue?

    Latest TCF Financial annual revenue is $470.9 m.

  • What is TCF Financial revenue per employee?

    Latest TCF Financial revenue per employee is $97.2 k.

  • Who are TCF Financial competitors?

    Competitors of TCF Financial include Wintrust, Synovus Financial and Wells Fargo.

  • Where is TCF Financial headquarters?

    TCF Financial headquarters is located at 333 W Fort St #1800, Detroit.

  • Where are TCF Financial offices?

    TCF Financial has an office in Detroit.

  • How many offices does TCF Financial have?

    TCF Financial has 1 office.