TCF is a national bank holding company based in Wayzata, MN. As of December 31, 2015, TCF had $20.7 billion in total assets and 375 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. Through its subsidiaries, TCF also conducts commercial leasing, equipment finance and auto finance business in all 50 states and commercial inventory finance business in all 50 states and Canada.

Employee Rating

3.1More
TypePublic
HQWayzata, US
Founded1923
Size (employees)6,427 (est)-4%
Websitetcfbank.com
TCF Financial was founded in 1923 and is headquartered in Wayzata, US
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Key People/Management at TCF Financial

Craig R. Dahl

Craig R. Dahl

Chairman & Chief Executive Officer
Thomas F. Jasper

Thomas F. Jasper

Chief Operating Officer & Vice Chairman
Michael S. Jones

Michael S. Jones

Executive Vice President, Consumer Banking
William S. Henak

William S. Henak

Executive Vice President, Wholesale Banking
James M. Costa

James M. Costa

Chief Risk Officer & Chief Credit Officer
Brian W. Maass

Brian W. Maass

CFO
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TCF Financial Office Locations

TCF Financial has offices in Auburn, Ann Arbor, Glendale, Washington and in 83 other locations
Wayzata, US (HQ)
200 Lake St E
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TCF Financial Financials and Metrics

TCF Financial Revenue

TCF Financial's revenue was reported to be $1.47 b in FY, 2017
USD

Revenue (Q3, 2018)

403.6m

Gross profit (Q3, 2018)

365.6m

Gross profit margin (Q3, 2018), %

90.6%

EBIT (Q3, 2018)

249.1m

Market capitalization (1-May-2017)

2.8b

Cash (30-Sep-2018)

570.0m

EV

3.4b
TCF Financial's current market capitalization is $2.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.3b1.3b1.3b1.4b1.5b

Revenue growth, %

3%2%5%

Cost of goods sold

71.5m82.6m93.8m

Gross profit

1.3b1.3b1.4b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

336.5m335.9m344.9m352.0m352.4m345.8m363.2m366.8m387.5m400.4m403.6m

Cost of goods sold

17.1m18.3m20.7m21.0m20.7m20.2m21.4m23.5m32.1m35.5m38.1m

Gross profit

319.5m317.5m324.3m330.9m331.7m325.6m341.8m343.3m355.4m364.9m365.6m

Gross profit Margin, %

95%95%94%94%94%94%94%94%92%91%91%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

889.3m609.6m621.8m

Accounts Receivable

Inventories

PP&E

445.9m418.4m421.5m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

221.7m278.8m

Depreciation and Amortization

157.3m182.2m206.6m

Inventories

Accounts Payable

Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

48.6m112.1m175.1m76.4m138.6m227.5m

Depreciation and Amortization

74.8m111.3m46.0m91.9m135.1m45.5m94.9m149.3m56.6m110.2m167.1m

Cash From Operating Activities

155.9m332.7m137.7m276.0m324.4m(142.2m)(54.4m)52.6m116.9m263.4m403.9m

Cash From Investing Activities

(707.3m)(1.2b)(704.3m)(615.5m)(686.6m)(391.4m)(448.9m)(1.3b)(543.8m)(361.0m)(206.7m)
USDY, 2018

EV/EBIT

13.8 x

EV/CFO

8.5 x

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

9.1 x
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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
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TCF Financial Revenue Breakdown

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

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TCF Financial Online and Social Media Presence

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TCF Financial Company Life and Culture

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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 Craig R. Dahl, Thomas F. Jasper and Michael S. Jones.

  • How many employees does TCF Financial have?

    TCF Financial has 6,427 employees.

  • What is TCF Financial revenue?

    Latest TCF Financial annual revenue is $1.5 b.

  • What is TCF Financial revenue per employee?

    Latest TCF Financial revenue per employee is $228.3 k.

  • Who are TCF Financial competitors?

    Competitors of TCF Financial include Grenke, QCR Holdings and Bank of Ireland.

  • Where is TCF Financial headquarters?

    TCF Financial headquarters is located at 200 Lake St E, Wayzata.

  • Where are TCF Financial offices?

    TCF Financial has offices in Auburn, Ann Arbor, Glendale, Washington and in 83 other locations.

  • How many offices does TCF Financial have?

    TCF Financial has 87 offices.