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TCF Financial Corporation

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TCF Financial's shares underperformed the Zacks categorized Midwest Banks industry over the past three months. Though bottom-line growth remains challenged by the company’s expanding cost base, the company benefits from an improving credit quality in consumer real estate portfolio and has been witnessing enhanced profitability ratios as well. Also, the company raised its prime lending rate to 3.75%, following the Fed interest rate hike to 0.50%-0.75%. Further, increasing loans and strong deposit mix keeps us encouraged about its organic growth prospects. However, a stringent regulatory landscape limits business flexibility to some extent.

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