Benzinga | Jul 27, 2020 04:41PM EDT

TCF Finl: Q2 Earnings Insights

Shares of TCF Finl (NASDAQ:TCF) were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 3.57% over the past year to $0.54, which beat the estimate of $0.53.

Revenue of $511,413,000 rose by 104.30% year over year, which missed the estimate of $526,690,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

TCF Finl hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $47.46

52-week low: $16.96

Price action over last quarter: down 2.71%

Company Description

TCF Financial Corp is a bank and financial services provider based in the United States. The firm divides its operations into two similarly sized business segments and an administrative segment. Its consumer banking segment operates retail banks and provides loans for consumer real estate, auto, and other individual and small business purposes. The wholesale banking segment offers loans secured by commercial assets and lease setup for leasing businesses. The enterprise services segment is an administrative segment that accounts for much of the expenses involved in supporting its business segments as well as any gains/losses from its own financing activities. The company operates mainly in the West and Midwest areas of the U.S.