NEW YORK (Thomson Financial) - TCF Financial Corp. Wednesday reported
fourth-quarter net income of $62.8 million, or 50 cents a share, beating the
mean estimate of analysts polled by Thomson Financial of 45 cents a share.
Revenue for the Wayzata, Minn.-based bank rose 4.1% to $278.4 million, above
the $265.6 million analyst estimate.
In the year-ago period, the company posted net income of $53.7 million, or
42 cents a share, on revenue of $254.7 million.
TCF also said its board has approved a 3.1% increase in its quarterly
dividend, bringing the amount to 25 cents from 24.25 cents.
The dividend is payable on Feb. 29 to shareholders of record on Feb. 1.
Shares of TCF closed Tuesday at $16.46.
Ryan Vlastelica
rv/vj
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