TCF Reports Third Quarter 2020 Results
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TCF Financial Corporation (TCF) Misses Q3 EPS by 1c
October 26, 2020 4:07 PM EDTTCF Financial Corporation (NASDAQ: TCF) reported Q3 EPS of $0.63, $0.01 worse than the analyst estimate of $0.64.
Third Quarter 2020 Highlights
Quarterly net income of $55.7 million, or $0.35 per diluted share, up 134.5% from the second quarter of 2020Adjusted diluted earnings per common share of $0.63(1), up 16.7% from the second quarter of 2020. Adjusted diluted earnings per common share excludes $43.0 million, or $0.28 per share, after-tax impact of merger-related expenses and notable itemsSuccessful on-time completion of merger-of-equals integration activitiesLoan and lease balances on deferral status down to $403.6 million as of September 30, 2020 ($289.5 million of commercial balances and $114.1 million of... More