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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Interest and fees on loans and leases $ 417,370 $ 269,167 $ 983,890 $ 806,935
Interest on investment securities:        
Taxable 31,038 11,498 69,745 27,491
Tax-exempt 3,385 4,328 7,277 12,991
Interest on loans held-for-sale 1,408 3,625 2,832 5,281
Interest on other earning assets 6,607 3,089 13,739 8,722
Total interest income 459,808 291,707 1,077,483 861,420
Interest expense        
Interest on deposits 70,900 27,479 149,154 74,228
Interest on borrowings 17,115 10,726 48,050 31,850
Total interest expense 88,015 38,205 197,204 106,078
Net interest income 371,793 253,502 880,279 755,342
Provision for credit losses 27,188 2,270 50,879 27,874
Net interest income after provision for credit losses 344,605 251,232 829,400 727,468
Noninterest income        
Noninterest income 49,631 55,492 154,903 162,636
Net (losses) gains on sales of loans and leases (5,984) 8,502 13,374 24,900
Net gains (losses) on investment securities 5,900 94 7,417 181
Other (12,309) 6,243 (312) 20,620
Total noninterest income 94,258 112,064 307,480 330,529
Noninterest expense        
Compensation and employee benefits 155,745 124,996 395,953 372,174
Occupancy and equipment 49,229 42,337 132,789 123,562
Lease financing equipment depreciation 19,408 19,525 57,797 54,744
Net foreclosed real estate and repossessed assets 2,203 3,880 9,281 12,654
Merger-related expenses 111,259 0 124,943 0
Other 87,776 55,685 194,781 201,308
Total noninterest expense 425,620 246,423 915,544 764,442
Income before income tax expense 13,243 116,873 221,336 293,555
Income tax (benefit) expense (11,735) 28,034 28,866 66,083
Income after income tax (benefit) expense 24,978 88,839 192,470 227,472
Income attributable to non-controlling interest 2,830 2,643 9,401 8,766
Net income attributable to TCF Financial Corporation 22,148 86,196 183,069 218,706
Preferred stock dividends 2,494 2,494 7,481 9,094
Impact of preferred stock redemption 0 0 0 3,481
Net income available to common shareholders $ 19,654 $ 83,702 $ 175,588 $ 206,131
Earnings per common share:        
Basic earnings per common share (in usd per share) $ 0.15 $ 1.00 $ 1.79 $ 2.44
Diluted earnings per common share (in usd per share) $ 0.15 $ 1.00 $ 1.79 $ 2.43
Fees and service charges on deposit accounts        
Noninterest income        
Noninterest income $ 34,384 $ 29,175 $ 88,504 $ 83,703
Leasing revenue        
Noninterest income        
Noninterest income 39,590 41,944 117,032 121,001
Wealth management revenue        
Noninterest income        
Noninterest income 4,241 0 4,241 0
Card and ATM revenue        
Noninterest income        
Noninterest income 23,315 20,074 62,470 58,313
Servicing fee revenue        
Noninterest income        
Noninterest income $ 5,121 $ 6,032 $ 14,754 $ 21,811