Welcome to our dedicated page for TCF Financial news (Ticker: TCF), a resource for investors and traders seeking the latest updates and insights on TCF Financial stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TCF Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TCF Financial's position in the market.
TCF Financial Corporation (NASDAQ: TCF) will have CEO David T. Provost and CFO Brian W. Maass participate in a virtual fireside chat at the Bank of America Securities Future of Financials Conference on November 9, 2020, at 9:40 a.m. ET. The webcast will be available on the Investor Relations section of TCF's website and will remain accessible for 90 days post-event. TCF, based in Detroit, manages $48 billion in total assets and has a significant deposit market share in the Midwest, operating approximately 475 banking centers across multiple states.
TCF Financial Corporation (NASDAQ: TCF) reported a net income of $55.7 million or $0.35 per diluted share for Q3 2020, marking a 134.5% increase from Q2 2020. Adjusted diluted earnings per share stood at $0.63, up 16.7%. Loan balances on deferral decreased to $403.6 million. The efficiency ratio improved to 75.29%, and the common equity Tier 1 capital ratio increased to 11.45%. TCF declared a quarterly cash dividend of $0.35 per share, payable on December 1, 2020. The company remains focused on supporting customers amid economic uncertainties.
TCF Financial Corporation announced the retirement of CEO Craig R. Dahl effective October 27. Dahl led the successful integration of TCF Bank and Chemical Bank over the past year. Vice Chairman David T. Provost has been appointed as the new CEO, and Thomas C. Shafer will serve as vice chairman and CEO of TCF National Bank. Michael S. Jones will become president and COO of TCF Bank. The leadership transition is expected to build on TCF's momentum after the merger, as new leaders aim to drive future growth and success.
TCF Financial Corporation (NASDAQ: TCF) will announce its third quarter 2020 earnings results after market close on October 26, 2020. A conference call to discuss these results is scheduled for October 27, 2020, at 10:00 a.m. Eastern Time. Investors can access the live webcast on the Investor Relations section of TCF's website, with a presentation available prior to the call. TCF Financial, based in Detroit, holds approximately $50 billion in total assets as of June 30, 2020, and ranks among the top 10 in deposit market share in the Midwest.
