Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2021

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:

	Three Months Ended March 31,
(Dollars in thousands, except per share data)	2021		2020
Basic earnings per common share
Net income attributable to TCF Financial Corporation	$	123,336	$	51,899
Preferred stock dividends	2,493		2,493
Net income available to common shareholders	120,843		49,406
Less: Earnings allocated to participating securities	—		—
Earnings allocated to common stock	$	120,843	$	49,406
Weighted-average common shares outstanding used in basic earnings per common share calculation	152,159,117		151,902,357
Basic earnings per common share	$	0.79	$	0.33
Diluted earnings per common share
Earnings allocated to common stock	$	120,843	$	49,406
Weighted-average common shares outstanding used in basic earnings per common share calculation	152,159,117		151,902,357
Net dilutive effect of:
Non-participating restricted stock	279,308		83,580
Stock options	102,262		128,080
Weighted-average common shares outstanding used in diluted earnings per common share calculation	152,540,687		152,114,017
Diluted earnings per common share	$	0.79	$	0.32
Anti-dilutive shares outstanding not included in the computation of diluted earnings per common share
Non-participating restricted stock	324,514		1,173,331
Stock options	74,376		90,144