PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

TCF National Bank

Minneapolis, MN · Cert 28330

FDIC · 521 branches

Q1 2021

$49.4BAssets
$36.3BLoans
$40.0BDeposits
$5.4BEquity
Deposit mix
69%Interest-bearing $27.6B31%Noninterest $12.4BQ2 2019Q1 2021

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2020 SOD (annual) · 3.8% share · #3 of 144 inst. · $8.2B of $218.0B

1.7% Cook
4.2% Hennepin
4.0% Oakland
3.5% Wayne

Executive Summary

  • Earnings: ROA of 1.04%, up 56 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 1.89% of loans (+118 bps YoY), with net charge-offs at 0.50%.
  • Capital: tier 1 leverage ratio of 8.73%, down 20 bps from a year ago.
  • Funding: loans stand at 90.88% of deposits as of Q1 2021.

Return on Assets (YTD, annualized)

1.04%+56 bps YoY

Net Interest Margin (YTD, annualized)

3.15%-28 bps YoY

Efficiency Ratio (YTD, annualized)

66.32%-184 bps YoY

Tier 1 Leverage Ratio

8.73%-20 bps YoY

NIM

5.13%Q1 ’194.23%Q1 ’203.34%Q1 ’21-19%-8%

Non-interest income vs. expense

4.04%Q1 ’193.20%Q1 ’202.85%Q1 ’21-15%-12%

Year to date, annualized, through each quarter.

MetricQ2 2019Q3 2019Q4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021YoY ΔTrend
Earnings
Return on Assets1.41%1.08%1.09%0.48%0.35%0.37%0.50%1.04%+56 bps
Return on Equity13.73%9.90%9.73%4.13%3.06%3.26%4.43%9.25%+512 bps
Net Interest Margin4.17%3.01%2.80%3.43%3.16%3.13%3.27%3.15%-28 bps
Efficiency Ratio66.11%71.10%71.13%68.16%74.15%73.20%72.34%66.32%-184 bps
Non-Interest Burden2.18%1.86%1.73%2.00%2.10%2.10%2.11%1.77%-24 bps
Growth
Asset Growth (YoY)6.22%99.32%96.67%98.77%103.10%4.04%2.45%1.77%-9,700 bps
Loan Growth (YoY)1.86%88.54%81.06%86.18%87.28%-0.41%-0.03%0.33%-8,585 bps
Deposit Growth (YoY)4.28%90.53%82.09%88.37%104.20%11.02%12.67%10.92%-7,745 bps
Asset Quality
Nonperforming Loans / Loans0.60%0.64%0.58%0.71%0.83%1.11%1.97%1.89%+118 bps
Net Charge-Offs / Loans0.36%0.33%0.32%0.06%0.05%0.13%0.13%0.50%+44 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.59%10.68%9.10%8.93%8.34%8.43%8.97%8.73%-20 bps
Total Risk-Based Capital12.76%12.20%12.29%11.86%12.93%13.48%13.51%12.96%+111 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits99.77%98.48%100.10%100.47%91.50%88.34%88.82%90.88%-959 bps
Liquid Assets / Assets0.59%0.32%0.30%0.28%0.26%0.36%0.39%0.42%+15 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a