TCF Financial Corporation

TCF Financial Corporation

TCF Financial Corporation

Overview
Date Founded

1923

Headquarters

333 West Fort Street, Suite 1800, Detroit, MI, 48226, USA

Type of Company

Public

Employees (Worldwide)

7,123

Industries

Retail & Commercial Banking
Holding Companies

Company Description

TCF Financial Corp. is a financial holding company, which engages in the provision of banking services through its subsidiary, TCF National Bank. It operates through the following segments: Consumer Banking, Commercial Banking, and Enterprise Services. The Consumer Banking segment covers consumer and small business-facing businesses and includes retail banking, wealth management, residential and consumer lending, and business banking. The Commercial Banking segment comprises of commercial and industrial, commercial real estate banking, and lease financing. The Enterprise Services segment consists of corporate treasury, corporate functions, and TCF Financial. The company was founded in 1923 and is headquartered in Detroit, MI.

Executives & Employees

Chief Executive Officer & Director

President & Chief Operating Officer

Chief Financial Officer & Executive Vice President

Executive Vice President, General Counsel & Corporate Secretary

Chief Risk Officer

Executive Vice President & Chief Accounting Officer

Chief Human Capital Officer

Chief Credit Officer & Executive Vice President

Chief Executive Officer, TCF National Bank & Vice Chairman, TCF Financial Corporation

Chief Technology & Operations Officer

Board of Directors

Director at The Downtown Detroit Partnership

Chief Executive Officer at TCF National Bank

Shareholder at Fredrikson & Byron PA

Chief Technology Officer at Thomson Elite Corp.

Former Executive Director-Human Resources at General Motors Corporation

CIO at Southwest Airlines Co.

Partner at Jaffe Raitt Heuer & Weiss PC

President & Chief Executive Officer at Key Investments, Inc.

President at University of St. Thomas - Minnesota

Executive Vice President-Chief Financial Officer at Leggett & Platt, Inc.

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TCF Financial Corporation
Owners & Shareholders
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FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm’s strategies primarily invest in US listed companies and are a long only in stocks that they believe, based on its analysis, are undervalued. FTAM’s investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, behavioral mid-cap value, micro-cap, behavioral unconstrained equity, behavioral small-mid core equity, and behavioral all-cap equity.

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Cooke & Bieler is a domestic equity value manager that employs a “High Quality, Low Risk” long-term approach. The firm is an active, bottom-up managers who study the fundamental characteristics of companies and the industries in which they operate to reach a conclusion on their quality and intrinsic value. Their security analysis also emphasizes research meetings and interviews with corporate management. Cooke & Bieler seeks to take advantage of short-term but fixable problems, either industry-wide or company-specific. The firm provides investment advice with respect to the following strategies: Large-Cap Value, Mid-Cap Value, All-Cap Value, Small-Cap Value, SMID-Cap Value, Concentrated Value and Balanced.

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HIML is an active, long-term manager that provides asset management services through the management of a range of portfolios in equity, fixed income and alternatives. The firm’s equity strategies encompass a variety of investment objectives and styles including value, growth & blend across different geographical regions such as emerging markets, Asia, US, global equities and different market capitalization. The Investment teams use several methods for asset selection which include fundamental analysis, quantitative analysis & qualitative analysis or combinations of all. The teams will use either a bottom-up or a top-down approach or both in their investment process, in order to identify and buy quality stocks that are attractively priced. HIML Credit’s investment philosophy is focused on capital stability and consistency of returns rather than a series of highs and lows. The team uses an active, research-intensive investment process to seek superior risk-adjusted returns through top-down and bottom-up analysis. HIML Real Estate team provides client-focused property investment solutions through segregated and pooled structures that invest in real estate and real estate debt.

Recent Transactions
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TCF National Bank - Sioux Falls, South Dakota, TCF Financial Corporation purchase BB&T Commercial Equipment Capital Corp. from Truist Financial Corp.

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Huntington Bancshares, Inc. purchases TCF Financial Corporation

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Alaska USA Federal Credit Union purchases TCF Financial Corp. /7 Branches from TCF Financial Corporation

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onAlaska USA Federal Credit Union purchases TCF Financial Corp. /7 Branches from TCF Financial Corporation

Investment Advisor

Advised onHuntington Bancshares, Inc. purchases TCF Financial Corporation

Legal Advisor

Advised onHuntington Bancshares, Inc. purchases TCF Financial Corporation

Key Stats and Financials As of 2020
Market Capitalization
$7.19B
Total Enterprise Value
$7.39B
Earnings Per Share
$1.4
Revenue
$2.23B
Total Equity
$5.69B
Net Profit
$223M
Enterprise Value / Sales
3.32x
TEVNet Income
33.19x
Three Year Compounded Annual Growth Rate Of Revenue
41.54%
Debt TEV
0.29x
Total Debt
$2.11B
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Competitors
Zions Bancorporation, NA Retail & Commercial Banking - Salt Lake City, UT

Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington. The company was founded on February 17, 1961 and is headquartered in Salt Lake City, UT.

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PNC Financial Services Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management products and services to consumer and small business customers. The Corporate & Institutional segment covers the lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government, and not-for-profit entities. The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The BlackRock segment operates as a publicly-traded investment management firm providing a range of investment, risk management and technology services to institutional and retail clients. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

Regions Financial Corporation Retail & Commercial Banking - Birmingham, AL

Regions Financial Corporation, with $125 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,600 banking offices and 2,000 ATMs.

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