TCF Financial Reports Loss, Rev Up
TCF Financial Corporation (NYSE:TCB) reported first-quarter 2012 adjusted net loss of $1.78 per share, better than the Zacks Consensus Estimate loss of $1.81. Adjusted figure includes after-tax charge of $1.87 per share, associated with the repositioning of certain investments and borrowings of TCF Financial’s balance sheet. Excluding one-time after-tax charges of $295.8 million, net income [...]
TCF Financial Corporation (NYSE:TCB) reported first-quarter 2012 adjusted net loss of $1.78 per share, better than the Zacks Consensus Estimate loss of $1.81. Adjusted figure includes after-tax charge of $1.87 per share, associated with the repositioning of certain investments and borrowings of TCF Financial’s balance sheet.
Excluding one-time after-tax charges of $295.8 million, net income stood at $12.9 million or 9 cents per share, down from $16.4 million or 10 cents per share in the prior … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards