TCF Financial Corporation (TCB) 2005年年度报告「NYSE」.pdf

1、TCF Financial Corporation2005 Annual ReportTheleader in convenience bankingAt or For the Year Ended December 31,(Dollars in thousands,except per-share data)20052004%ChangeOperating Results:Net interest income$517,690$491,891 5.2%Provision for credit losses5,02210,947(54.1)Net interest income after p

2、rovision for credit losses512,668480,944 6.6Non-interest income:Fees and other revenue467,659467,611Gains on sales of securities available for sale10,67122,600(52.8)Total non-interest income478,330490,211(2.4)Non-interest expense610,588586,6794.1Income before income tax expense380,410384,476(1.1)Inc

3、ome tax expense115,278129,483(11.0)Net income$265,132$254,993 4.0 Per Common Share Information:Basic earnings$2.00$1.87 7.0%Diluted earnings2.001.86 7.5Dividends declared.85.75 13.3Stock price:High32.0332.62 Low24.5523.92 Close27.1432.14(15.6)Book value7.466.996.7Price to book value3.64X4.60X(20.9)F

4、inancial Ratios:Return on average assets2.08%2.15%(3.3)Return on average common equity28.0327.023.7Net interest margin4.464.54(1.8)Net charge-offs as a percentage of average loans and leases.25.11 127.3Total equity to total assets at year end7.477.77(3.9)Financial HighlightsTable of ContentsLetter t

5、o Our Stockholders1Business Highlights8A Tribute to William A.Cooper15Annual Report on Form 10-KBusiness1Selected Financial Data14Managements Discussion and Analysis15Consolidated Financial Statements42Notes to Consolidated Financial Statements46Other Financial Data71Corporate Information81Stockhold

6、er Information83Corporate Philosophy85TCF Financial Corporation and SubsidiariesLynn Nagorske,Chief Executive Officer12005 Annual ReportDear Stockholders:While 2005 was a challenging year for TCF,it was still a good year.Summarizing the year:TCF earned record net income of$265million and record dilu