NYSE:TCF.PRD

Stock Analysis Report

Executive Summary

TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various financial products and services in the United States and Canada.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has TCF Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.2%

NYSE:TCF.PRD

-1.8%

US Banks

-1.6%

US Market


1 Year Return

5.6%

NYSE:TCF.PRD

-16.1%

US Banks

-3.0%

US Market

TCF.PRD outperformed the Banks industry which returned -5.7% over the past year.

TCF.PRD outperformed the Market in United States of America which returned 3.9% over the past year.


Share holder returns

TCF.PRDIndustryMarket
7 Day1.2%-1.8%-1.6%
30 Day3.8%-10.1%-5.7%
90 Day4.4%-5.0%0.2%
1 Year12.0%5.6%-13.7%-16.1%-0.8%-3.0%
3 Yearn/a37.9%28.5%38.1%29.1%
5 Yearn/a49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is TCF Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TCF Financial undervalued based on future cash flows and its price relative to the stock market?

20.79x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

TCF Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

TCF Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

TCF Financial is overvalued based on earnings compared to the US Banks industry average.

TCF Financial is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

TCF Financial is poor value based on expected growth next year.


Price Based on Value of Assets

TCF Financial is overvalued based on assets compared to the US Banks industry average.


Next Steps

  • Explore potentially undervalued companies in the Banks industry.

Future Growth

How is TCF Financial expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

TCF Financial's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).

TCF Financial's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).

TCF Financial's revenue growth is positive but not above the United States of America market average.

TCF Financial's earnings growth is positive but not above the United States of America market average.

TCF Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

TCF Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has TCF Financial performed over the past 5 years?

15.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

TCF Financial's year on year earnings growth rate has been positive over the past 5 years.

TCF Financial's 1-year earnings growth exceeds its 5-year average (20.3% vs 15.8%)

TCF Financial's earnings growth has not exceeded the US Banks industry average in the past year (20.3% vs 33.8%).


Return on Equity

TCF Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

TCF Financial used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if TCF Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is TCF Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

TCF Financial has an acceptable proportion of non-loan assets held.

TCF Financial has a sufficient allowance for bad loans.

TCF Financial's liabilities are made up of primarily low risk sources of funding.

TCF Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at TCF Financial are broadly funded by customer deposits.

TCF Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is TCF Financial's current dividend yield, its reliability and sustainability?

1.89%

Expected Dividend Yield


Dividend Yield and Payments Analysis

TCF Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

TCF Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).


Next Steps

Management

What is the CEO of TCF Financial's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Craig Dahl (64yo)

3.6yrs

Tenure

US$6,258,631

Compensation

Mr. Craig R. Dahl has been the Chief Executive Officer at TCF Financial Corporation since January 1, 2016 and has been its President since March 2015. Mr. Dahl directly oversees all aspects of the TCF's op ...


CEO Compensation Analysis

Craig's remuneration is about average for companies of similar size in United States of America.

Craig's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.0yrs

Average Tenure

56yo

Average Age

The tenure for the TCF Financial management team is about average.


Board Age and Tenure

7.2yrs

Average Tenure

65yo

Average Age

The tenure for the TCF Financial board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Craig Dahl (64yo)

    Chairman

    • Tenure: 3.6yrs
    • Compensation: US$6.26m
  • Patty Jones (56yo)

    Executive VP

    • Tenure: 0.5yrs
  • Joe Green (64yo)

    Executive VP

    • Tenure: 10.6yrs
  • Bill Henak (62yo)

    Executive Vice President of Wholesale Banking

    • Tenure: 3.6yrs
    • Compensation: US$2.78m
  • R. Kelly

    President of Commercial Banking

    • Tenure: 0.0yrs
  • Mike Jones (51yo)

    Executive Vice President of Consumer Banking

    • Tenure: 7.6yrs
    • Compensation: US$3.00m
  • Susan Bode (56yo)

    Senior VP & Chief Accounting Officer

    • Tenure: 6.8yrs
  • Brian Maass (46yo)

    Executive VP & CFO

    • Tenure: 3.6yrs
    • Compensation: US$2.59m
  • Tom Butterfield (54yo)

    Executive VP & Chief Information Officer

    • Tenure: 4.4yrs
    • Compensation: US$951.74k
  • Tim Sedabres

    Senior VP & Director of Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Craig Dahl (64yo)

    Chairman

    • Tenure: 3.6yrs
    • Compensation: US$6.26m
  • Barry Winslow (71yo)

    Director

    • Tenure: 11.1yrs
    • Compensation: US$175.00k
  • William Bieber (76yo)

    Director

    • Tenure: 22.6yrs
    • Compensation: US$165.00k
  • George Johnson (76yo)

    Director

    • Tenure: 21.6yrs
    • Compensation: US$145.00k
  • Vance Opperman (76yo)

    Lead Director

    • Tenure: 5.6yrs
    • Compensation: US$188.75k
  • Roger Sit (57yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: US$175.00k
  • Julie Sullivan (61yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$160.00k
  • Rick King (63yo)

    Director

    • Tenure: 5.1yrs
    • Compensation: US$160.00k
  • Ted Bigos (66yo)

    Director

    • Tenure: 10.8yrs
    • Compensation: US$140.00k
  • Karen Grandstrand (64yo)

    Director

    • Tenure: 8.8yrs
    • Compensation: US$181.85k

Company Information

TCF Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TCF Financial Corporation
  • Ticker: TCF.PRD
  • Exchange: NYSE
  • Founded: 1987
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$6.561b
  • Shares outstanding: 159.32m
  • Website: https://www.tcfbank.com

Number of Employees


Location

  • TCF Financial Corporation
  • 200 Lake Street East
  • Wayzata
  • Minnesota
  • 55391
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TCFNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 1986
TFCDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1986
TCF.PRDNYSE (New York Stock Exchange)NON CUM 1/1000 CUSUSDSep 2017

Biography

TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Bank ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/02 00:59
End of Day Share Price2019/07/31 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.