TCF Bank 2015 Annual Report Download - page 34

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19
Item 6. Selected Financial Data
The selected five-year financial summary presented below should be read in conjunction with the Consolidated Financial
Statements and related notes. Historical data is not necessarily indicative of TCF's future results of operations or
financial condition. See "Item 1A. Risk Factors."
Five-Year Financial Summary
At or For the Year Ended December 31,
(Dollars in thousands, except per-share data) 2015 2014 2013 2012 2011
Consolidated Income:
Net interest income $ 820,388 $ 815,629 $ 802,624 $ 780,019 $ 699,688
Fees and other revenue 442,295 432,240 403,094 388,191 437,171
Gains (losses) on securities, net (297)1,027 964 102,232 7,263
Total revenue 1,262,386 1,248,896 1,206,682 1,270,442 1,144,122
Provision for credit losses 52,944 95,737 118,368 247,443 200,843
Non-interest expense 894,747 871,777 845,269 811,819 764,451
Loss on termination of debt — — — 550,735 —
Income (loss) before income tax expense (benefit) 314,695 281,382 243,045 (339,555) 178,828
Income tax expense (benefit) 108,872 99,766 84,345 (132,858) 64,441
Income attributable to non-controlling interest 8,700 7,429 7,032 6,187 4,993
Net income (loss) attributable to TCF Financial
Corporation 197,123 174,187 151,668 (212,884) 109,394
Preferred stock dividends 19,388 19,388 19,065 5,606 —
Net income (loss) available to common stockholders $ 177,735 $ 154,799 $ 132,603 $ (218,490) $ 109,394
Net income (loss) per common share:
Basic $ 1.07 $ 0.95 $0.82 $ (1.37) $ 0.71
Diluted $ 1.07 $ 0.94 $0.82 $ (1.37) $ 0.71
Dividends declared $ 0.225 $0.20 $0.20 $0.20 $0.20
Consolidated Financial Condition:
Loans and leases $ 17,435,999 $16,401,646 $15,846,939 $15,425,724 $ 14,150,255
Total assets 20,691,704 19,394,611 18,379,840 18,225,917 18,979,388
Deposits 16,719,989 15,449,882 14,432,776 14,050,786 12,202,004
Borrowings 1,042,033 1,236,490 1,488,243 1,933,815 4,388,080
Total equity 2,306,917 2,135,364 1,964,759 1,876,643 1,878,627
Book value per common share 11.94 11.10 10.23 9.79 11.65
Financial Ratios:
Return on average assets 1.03% 0.96%0.87% (1.14)% 0.61%
Return on average common equity 9.19 8.71 8.12 (13.33) 6.32
Net interest margin(1) 4.42 4.61 4.68 4.65 3.99
Average total equity to average assets 11.15 10.89 10.46 9.66 9.24
Dividend payout ratio 21.03 21.28 24.30 (14.60) 28.10
Credit Quality Ratios:
Non-accrual loans and leases as a percentage of total
loans and leases 1.15% 1.32%1.75%2.46 %2.11%
Non-accrual loans and leases and other real estate
owned as a percentage of total loans and leases
and other real estate owned 1.43 1.71 2.17 3.07 3.03
Allowance for loan and lease losses as a percentage
of total loans and leases 0.90 1.00 1.59 1.73 1.81
Net charge-offs as a percentage of average loans and
leases 0.30 0.49 0.81 1.54 1.45
(1) Net interest income divided by average interest-earning assets.