TCF Financial: 3Q Earnings Snapshot

MIDLAND, Mich. (AP) _ TCF Financial Corporation (TCF) on Monday reported third-quarter earnings of $22.1 million.

The bank, based in Midland, Michigan, said it had earnings of 15 cents per share. Earnings, adjusted for one-time gains and costs, came to 98 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The financial holding company posted revenue of $554.1 million in the period. Its revenue net of interest expense was $466.1 million, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $496 million.

TCF Financial shares have climbed 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $39.23, a decrease of 10% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCF at https://www.zacks.com/ap/TCF

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