Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Computation of basic and diluted earnings per common share

The computations of basic and diluted earnings per common share were as follows:

	Year Ended December 31,
(Dollars in thousands, except per share data)	2019		2018		2017
Basic Earnings Per Common Share:
Net income attributable to TCF Financial Corporation	$	295,468	$	304,358	$	268,637
Preferred stock dividends	9,975		11,588		19,904
Impact of preferred stock redemption(1)	—		3,481		5,779
Net income available to common shareholders	285,493		289,289		242,954
Less: Earnings allocated to participating securities	20		42		42
Earnings allocated to common stock	$	285,473	$	289,247	$	242,912
Weighted-average common shares outstanding used in basic earnings per common share calculation	111,604,094		84,133,983		85,706,054
Basic earnings per common share	$	2.56	$	3.44	$	2.83
Diluted Earnings Per Common Share:
Earnings allocated to common stock	$	285,473	$	289,247	$	242,912
Weighted-average common shares outstanding used in basic earnings per common share calculation	111,604,094		84,133,983		85,706,054
Net dilutive effect of:
Non-participating restricted stock	140,832		—		—
Stock options	73,439		1,184		14,544
Warrants	—		189,519		13,977
Weighted-average common shares outstanding used in diluted earnings per common share calculation	111,818,365		84,324,686		85,734,575
Diluted earnings per common share	$	2.55	$	3.43	$	2.83
Anti-dilutive shares outstanding not included in the computation of diluted earnings per common share
Non-participating restricted stock	1,288,539		1,028,942		1,163,382
Stock options	97,980		—		—

(1)

Amounts represent the deferred stock issuance costs originally recorded in preferred stock that were reclassified to retained earnings.