TCF Financial (TCF) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS
TCF Financial (NYSE:TCF) issued its earnings results on Monday. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03, MarketWatch Earnings reports. TCF Financial had a net margin of 19.04% and a return on equity of 11.81%. The business had revenue of $365.57 million during the quarter, compared to the consensus estimate of $367.63 million. During the same period last year, the business posted $0.29 EPS. TCF Financial’s revenue was up 6.5% on a year-over-year basis.
Shares of TCF stock opened at $21.05 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.05 and a beta of 1.01. TCF Financial has a 12-month low of $16.96 and a 12-month high of $27.34.
In other news, CFO Brian W. Maass sold 12,236 shares of TCF Financial stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $25.74, for a total value of $314,954.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas F. Jasper sold 77,725 shares of TCF Financial stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $25.69, for a total transaction of $1,996,755.25. The disclosure for this sale can be found here. Insiders have sold 139,961 shares of company stock valued at $3,596,710 over the last 90 days. Company insiders own 2.34% of the company’s stock.
About TCF Financial
TCF Financial Corporation operates as the holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposits; and individual retirement accounts.
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