TCF Financial Corporation (TCB) 2007年年度报告「NYSE」.pdf

1、07TCF Financial Corporation200 Lake Street EastWayzata,MN 55391-002CS-60875TCFIR9338TCF Financial Corporation 2007 Annual Report TCF The Convenience FranchiseTCF Financial Corporation 2007 Annual ReportOur goal is to be the most convenient bank in the markets we serve.TCF Financial Corporation and S

2、ubsidiariesFinancial HighlightsAtorFortheYearEndedDecember31,(Dollarsinthousands,exceptper-sharedata)20072006%ChangeOperating Results:Netinterestincome$550,177$537,5302.4%Provisionforcreditlosses56,99220,689175.5Netinterestincomeafterprovisionforcreditlosses493,185516,841(4.6)Non-interestincome:Fees

3、andotherrevenue490,285485,2761.0Gainsonsalesofsecuritiesavailableforsale13,278N.M.Gainsonsalesofbranchesandrealestate37,8944,188N.M.Totalnon-interestincome541,457489,46410.6Non-interestexpense662,124649,1972.0Incomebeforeincometaxexpense372,518357,1084.3Incometaxexpense105,710112,165(5.8)Netincome$2

4、66,808$244,9438.9Per Common Share Information:Basicearnings$2.13$1.9012.1%Dilutedearnings2.121.9011.6Dividendsdeclared.97.925.4Stockprice:High28.9928.41Low17.1724.23Close17.9327.42(34.6)Bookvalue8.687.929.6Pricetobookvalue2.07X3.46X(40.2)Financial Ratios:Returnonaverageassets1.76%1.74%1.1Returnonave

5、ragecommonequity25.8224.375.9Netinterestmargin3.944.16(5.3)Netcharge-offsasapercentageofaverageloansandleases.30.1776.5Totalequitytototalassetsatyearend6.887.04(2.3)N.M.NotMeaningful.FinancialHighlightsTable of Contents1LettertoOurStockholders10BusinessHighlightsAnnualReportonForm10-K1Business16Sele

6、ctedFinancialData17ManagementsDiscussionandAnalysis45ConsolidatedFinancialStatements49NotestoConsolidatedFinancialStatements76OtherFinancialData89CorporateInformation91StockholderInformation93CorporatePhilosophy2007Highlights:TCF earned a record$266.8 million in 2007,up$21.9 million,or 8.9 percent,f