NYSE:TCF

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

86.8%

TCF

2.7%

US Banks

0.4%

US Market


1 Year Return

59.2%

TCF

2.7%

US Banks

6.9%

US Market


Shareholder returns

TCFIndustryMarket
7 Day86.8%2.7%0.4%
30 Day98.4%0.7%-1.1%
90 Day82.6%3.0%-0.5%
1 Year63.5%59.2%5.7%2.7%9.3%6.9%
3 Year222.9%201.7%52.1%41.6%45.8%36.4%
5 Year198.6%169.9%69.2%50.7%62.9%45.1%

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 compared to its fair value and its price relative to the market?

20.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: TCF ($41.18) is trading above our estimate of fair value ($32.35)

Significantly Undervalued: TCF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TCF is poor value based on its PE Ratio (20.8x) compared to the Banks industry average (12.6x).

PE vs Market: TCF is poor value based on its PE Ratio (20.8x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: TCF is poor value based on its PEG Ratio (4.5x)


Price to Book Ratio

PB vs Industry: TCF is overvalued based on its PB Ratio (2.6x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is TCF Financial forecast 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 Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCF's forecast earnings growth (4.6% per year) is above the savings rate (2.7%).

Earnings vs Market: TCF's earnings (4.6% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: TCF's earnings are forecast to grow, but not significantly.

Revenue vs Market: TCF's revenue (1.1% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: TCF's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


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

Earnings Trend: TCF's earnings have grown by 15.8% per year over the past 5 years.

Accelerating Growth: TCF's earnings growth over the past year (20.3%) exceeds its 5-year average (15.8% per year).

Earnings vs Industry: TCF earnings growth over the past year (20.3%) underperformed the Banks industry 29.6%.


Return on Equity

High ROE: TCF's Return on Equity (12.7%) is considered low.


Return on Assets

ROA vs Industry: TCF has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate TCF's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Asset Level: TCF's level of assets compared to its equity is low.

Allowance for Bad Loans: TCF has a sufficient allowance for bad loans.

Low Risk Liabilities: TCF's liabilities are made up of primarily low risk sources of funding.

Loan Level: TCF has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TCF's loans are broadly funded by customer deposits.

Level of Bad Loans: TCF has an appropriate level of bad loans (0.56%)


Next Steps

Dividend

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

1.46%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years1.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TCF's dividend (1.46%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: TCF's dividend (1.46%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: TCF's dividend payments have been volatile in the past 10 years.

Growing Dividend: TCF's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.3%), TCF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TCF's dividends in 3 years are forecast to be well covered by earnings (48.1% payout ratio).


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

Information is not available.

Compensation vs Earnings: Craig's compensation has increased by more than 20% in the past year.


Management Age and Tenure

4.0yrs

Average Tenure

56yo

Average Age

Experienced Management: TCF's management team is considered experienced (4 years average tenure).


Board Age and Tenure

7.2yrs

Average Tenure

65yo

Average Age

Experienced Board: TCF's board of directors are considered experienced (7.2 years average tenure).


Insider Trading

Insider Buying: TCF insiders have only sold shares in the past 3 months.


Recent Insider Transactions

BuyUS$8,94201 Aug 19
Richard King
EntityIndividual
Role
Member of the Board of Directors
Director
Shares410
Max PriceUS$21.81
SellUS$783,18012 Jun 19
Michael Jones
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Consumer Banking
Shares40,000
Max PriceUS$19.58
SellUS$236,87910 May 19
Susan Bode
EntityIndividual
Role
Chief Accounting Officer
Senior VP & Chief Accounting Officer
Shares10,975
Max PriceUS$21.58

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: 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: 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
  • Exchange: NYSE
  • Founded: 1987
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$6.561b
  • Shares outstanding: 159.32m
  • Website: https://ir.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 Analysis2019/08/01 23:46
End of Day Share Price2019/08/01 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.