TCF Bank 2015 Annual Report Download - page 8
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Operating Results 2015 2014 % Change
Net interest income $820,388 $815,629 0.6 %
Provision for credit losses 52,944 95,737 (44.7)
Net interest income after provision for credit losses 767,444 719,892 6.6
Non-interest income 441,998 433,267 2.0
Non-interest expense 894,747 871,777 2.6
Income before income tax expense 314,695 281,382 1 1.8
Income tax expense 108,872 99,766 9.1
Income after income tax expense 205,823 181,616 13.3
Income attributable to non-controlling interest 8,700 7,429 17.1
Net income attributable to TCF Financial Corporation 197,123 174,187 13.2
Preferred stock dividends 19,388 19,388 —
Net income available to common stockholders $ 177,735 $154,799 14.8
Per Common Share Information 2015 2014 % Change
Basic earnings $ 1.07 $ 0.95 12.6 %
Diluted earnings 1.07 0.94 13.8
Dividends declared 0.225 0.20 12.5
Stock price:
High 17.29 17.39 (0.6)
Low 13.78 13.95 (1.2)
Close 14.12 15.89 (11.1)
Book value 11.94 11.10 7.6
Price to book value 1 .18 X 1.43 X (17.5)
Financial Ratios 2015 2014 % Change
Return on average assets 1.03 % 0.96% 7. 3 %
Return on average common equity 9.19 8.71 5.5
Net interest margin 4.42 4.61 (4.1)
Net charge-offs as a percentage of average loans and leases 0.30 0.49 (38.8)
Common equity Tier 1 capital ratio 10.00 N.A. N.A.
Total risk-based capital ratio 13.71 13.54 17 bps
N.A. Not applicable
FINANCIAL SUMMARY
6
Dollars in thousands, except per-share data. At or For the Year Ended December 31,