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Press Release

TCF Reports Record Earnings and EPS ($1.86, up 22 percent) and Announces Quarterly Dividend Increase of 13 percent

Company Release - 1/13/2005 8:30 AM ET
     2004 YEAR-END HIGHLIGHTS
      - Record diluted earnings per share of $1.86, up 22 percent

      - Record net income of $255 million, up 18 percent

      - Record return on average assets of 2.15 percent

      - Record return on average common equity of 27.02 percent

      - Board declares quarterly dividend increase of 13 percent to 21.25
        cents per share

      - 30 new branches opened in 2004; 258 new branches opened since January
        1998

      - Average Power Assets(R) increased $1 billion, or 16 percent

      - Increased checking accounts by 91,331 to 1,535,152

     FOURTH QUARTER HIGHLIGHTS
      - Record diluted earnings per share of 50 cents

      - Record net income of $67.4 million

      - Record return on average assets of 2.22 percent

      - Record return on average common equity of 28.35 percent

      - Opened 12 new branches during the fourth quarter



    EARNINGS SUMMARY
    ($ in thousands, except per-share data)


                              Three Months                      Year
                           Ended December 31,           Ended December 31,
                        2004      2003   Change      2004       2003   Change
     Net income       $67,402   $59,496   13.3%   $254,993   $215,878   18.1%
     Diluted earnings
      per common
      share (a)           .50       .43   16.3        1.86       1.53   21.6

     Financial Ratios
     Return on average
      assets             2.22%     2.13%              2.15%      1.85%
     Return on average
      common equity     28.35     26.18              27.02      23.05
     Net interest
      margin             4.56      4.68               4.54       4.54


    (a)  During the third quarter of 2004, TCF announced and completed a two-
         for-one stock split of its common stock in the form of a 100 percent
         stock dividend.  As a result of the two-for-one stock split, all
         prior period share and per share data have been restated.


WAYZATA, Minn., Jan. 13 /PRNewswire-FirstCall/ -- TCF Financial Corporation (TCF) (NYSE: TCB) today reported record results for 2004. Diluted earnings per share was a record $1.86 for 2004, compared with $1.53 for 2003. Net income for 2004 was a record $255 million, up $39.1 million from 2003. Net income for 2003 included $29.2 million, after-tax, of losses on termination of debt which reduced 2003 diluted earnings per share by 21 cents. There were no debt terminations in 2004. For 2004, return on average assets ("ROA") was a record 2.15 percent and return on average common equity ("ROE") was a record 27.02 percent, up from 1.85 percent and 23.05 percent, respectively, for 2003. Diluted earnings per share was a record 50 cents for the 2004 fourth quarter, up from 43 cents for the same period in 2003. Net income was a record $67.4 million for the fourth quarter of 2004, up from $59.5 million for the same period in 2003.

Dividend Increase

TCF's board of directors is pleased to announce, for the fourteenth consecutive year, an increase in the regular quarterly dividend to 21.25 cents per common share, effective first quarter 2005. This represents a 13 percent increase over the 2004 quarterly dividend of 18.75 cents per common share. The dividend is payable on February 28, 2005 to common shareholders of record at the close of business on February 4, 2005. As of December 31, 2004, TCF had a 10-year compounded dividend growth rate of 19.6 percent, the fifth highest dividend growth rate among the 50 largest banks in the country.

Chairman's Statement

"TCF's disciplined focus on long-term strategies for growth has produced record results in 2004 and some of the best performance ratios in the banking industry," said William A. Cooper, Chairman and CEO. "In 2004, our ROA of 2.15 percent, ROE of 27.02 percent and net charge-offs ratio, which remained at a low 11 basis points, is evidence that TCF is truly a high performance bank."


     Total Revenue
                                              Three Months
     ($ in thousands)                      Ended December 31,

                                           2004       2003   $ Change % Change

     Net interest income                 $126,489   $119,092    $7,397    6.2%
     Fees and other revenue:
       Fees and service charges            67,536     64,486     3,050    4.7
       Card revenue                        17,458     12,069     5,389   44.7
       ATM revenue                         10,326     10,400       (74)   (.7)
       Investments and insurance
        commissions                         2,609      3,037      (428) (14.1)
         Total banking fees and other
          revenue                          97,929     89,992     7,937    8.8
       Leasing and equipment finance       21,047     15,372     5,675   36.9
       Mortgage banking, net (a)             (122)     6,573    (6,695)  N.M.
       Other                                7,457      2,928     4,529  154.7
         Total fees and other revenue     126,311    114,865    11,446   10.0
     Gains on sales of securities
      available for sale                    6,204        -       6,204  100.0
     Gains (losses) on termination of
      debt                                    -          -         -        -
       Total non-interest income          132,515    114,865    17,650   15.4
         Total revenue                   $259,004   $233,957   $25,047   10.7

     Net interest margin                     4.56%      4.68%
     Fees and other revenue as a % of
      total revenue                         48.77      49.10
     Fees and other revenue as a % of
      average assets                         4.15       4.11

    N.M.  Not meaningful.
    (a)  See "Mortgage Banking" section below for further discussion of
         mortgage banking revenue.



                                             Year Ended
     ($ in thousands)                    Ended December 31,

                                          2004       2003    $ Change % Change

     Net interest income                $491,891   $481,145   $10,746    2.2%
     Fees and other revenue:
       Fees and service charges          271,664    247,456    24,208    9.8
       Card revenue                       63,312     52,991    10,321   19.5
       ATM revenue                        42,935     43,623      (688)  (1.6)
       Investments and insurance
        commissions                       12,558     13,901    (1,343)  (9.7)
         Total banking fees and other
          revenue                        390,469    357,971    32,498    9.1
       Leasing and equipment finance      50,323     51,088      (765)  (1.5)
       Mortgage banking, net (a)          12,960     12,719       241    1.9
       Other                              14,114      9,014     5,100   56.6
         Total fees and other revenue    467,866    430,792    37,074    8.6
     Gains on sales of securities
      available for sale                  22,600     32,832   (10,232) (31.2)
     Gains (losses) on termination of
      debt                                   -      (44,345)   44,345  100.0
       Total non-interest income         490,466    419,279    71,187   17.0
         Total revenue                  $982,357   $900,424   $81,933    9.1

     Net interest margin                    4.54%      4.54%
     Fees and other revenue as a % of
      total revenue                        47.63      47.84
     Fees and other revenue as a % of
      average assets                        3.93       3.70

    N.M.  Not meaningful.
    (a)  See "Mortgage Banking" section below for further discussion of
         mortgage banking revenue.



    Net Interest Income

TCF's net interest income in 2004 was $491.9 million, up $10.7 million, or 2 percent, from 2003. Net interest margin in 2004 was 4.54 percent, unchanged from 2003. The increase in net interest income in 2004 is primarily attributable to the solid growth in average Power Assets, partially offset by the reductions in residential real estate loans and mortgage-backed securities ("treasury assets") and mortgage loans held for sale. Average Power Assets increased $1 billion over 2003, while treasury assets declined $690.3 million during the same period.

TCF's net interest income in the fourth quarter of 2004 was $126.5 million, up $7.4 million, or 6 percent, from fourth quarter of 2003 and was up $2 million, or 2 percent, from the third quarter of 2004. Net interest margin in the fourth quarter of 2004 was 4.56 percent, compared with 4.68 percent last year and 4.56 percent in the third quarter of 2004. The increase in net interest income in the fourth quarter from the fourth quarter of 2003 and the third quarter of 2004 was primarily driven by increases in average Power Assets coupled with the favorable impact of the increases in short-term interest rates partially offset by the reductions in treasury assets and mortgage loans held for sale.

Interest Rate Risk

TCF has positioned its balance sheet to benefit from a rising interest rate environment. TCF's one-year interest rate gap (the difference between interest-earning assets and interest-bearing liabilities repricing or maturing within the next twelve months), assuming no change in interest rates, was a positive $585 million, or 5 percent of total assets, at December 31, 2004, compared with a positive $161.3 million, or 1 percent of total assets at December 31, 2003 and a positive $1.1 billion, or 9 percent of total assets, at September 30, 2004. The decrease in the one-year interest rate gap during the fourth quarter of 2004 was primarily due to an increase in treasury assets and the movement of certain long-term fixed-rate borrowings into the one-year interest rate gap. The one-year interest rate gap is subject to a number of assumptions and is only one of a number of interest rate risk measurements and is best used as a general measure of the effect on net interest income of rising or falling interest rates.

Non-interest Income

Total non-interest income was $490.5 million for 2004, up $71.2 million, or 17 percent, from 2003. Included in non-interest income for 2003 were losses of $44.3 million on the termination of debt. There were no debt terminations in 2004. Banking fees and other revenue increased $32.5 million, or 9 percent, during the year as a result of TCF's expanding branch network and customer base, new products and services, and increased fees. Included in banking fees and other revenue are card revenues of $63.3 million, up $10.3 million, or 19 percent, from 2003 primarily reflecting an 18 percent increase in off-line sales volume.

During 2004, TCF sold $1.4 billion of mortgage-backed securities and realized gains of $22.6 million compared with sales of $816.5 million of mortgage-backed securities and realized gains of $32.8 million in 2003. Other revenue was $14.1 million for 2004, up $5.1 million from 2003. The increase was primarily due to gains on sales of student loans of $7.8 million in 2004 compared with gains of $3.1 million in 2003.

For the fourth quarter of 2004, total non-interest income was up 15 percent to $132.5 million. Banking fees and other revenue increased $7.9 million, or 9 percent, over the fourth quarter of 2003. Card revenues, included in banking fees and other revenue, totaled $17.5 million for the fourth quarter of 2004, up $5.4 million, or 45 percent, over the same period in 2003. The increase was attributable to a 21 percent increase in off-line sales volume coupled with an 18 basis point increase in the average off-line interchange rate.

Leasing and equipment finance revenues were $21 million for the fourth quarter of 2004, up $5.7 million, or 37 percent, from the 2003 fourth quarter. The increase is primarily the result of a $5.4 million increase in sales-type lease revenues. Leasing and equipment finance revenues may fluctuate from quarter to quarter based on customer driven factors not within the control of TCF.

During the 2004 fourth quarter, TCF took advantage of market conditions and sold $346.3 million of mortgage-backed securities and realized gains of $6.2 million. There were no sales of securities during the fourth quarter of 2003. For the fourth quarter of 2004, other revenue totaled $7.5 million, up $4.5 million, from the fourth quarter of 2003. The increase was primarily due to gains on sales of student loans of $5.3 million during the 2004 fourth quarter compared with $941 thousand for the same 2003 period.

New Branch Expansion

TCF opened 30 new branches during 2004, including 19 new traditional branches and 11 new supermarket branches, and has now opened 258 new branches since January 1998 representing 60 percent of TCF's 430 total branches. During the fourth quarter of 2004, TCF opened 12 new branches consisting of eight traditional branches and four supermarket branches. "TCF remains focused on its long-term strategy of expanding its franchise with the planned opening of 29 new branches in 2005, consisting of 24 new traditional branches and five new supermarket branches," said Cooper.


                                              December    December    December
     (# of branches)                          31, 2004    31, 2003    31, 1997

     Total Branches
     Minnesota                                    101          98          75
     Illinois                                     197         191          47
     Wisconsin                                     34          34          28
     Michigan                                      60          55          60
     Colorado                                      32          18           7
     Indiana                                        6           5          -
                                                  430         401         217


     New Branches*
        Traditional                                61          42
        Supermarket                               197         186
          Total                                   258         228
              % of Total Branches                 60%         57%


    *  New branches opened since January 1, 1998.


Additional information regarding the results of TCF's new branches opened since January 1, 1998 is summarized as follows:

                                      At or For the Year Ended
                                             December 31,
     ($ in thousands)                      2004        2003   Change % Change

     Number of checking accounts        575,537     495,211    80,326   16.2%
     Deposits:
       Checking                        $868,164    $616,539  $251,625   40.8
       Savings                          423,165     390,253    32,912    8.4
       Money market                      54,542      66,604   (12,062) (18.1)
         Subtotal                     1,345,871   1,073,396   272,475   25.4
       Certificates of deposit          156,958     152,050     4,908    3.2
         Total deposits              $1,502,829  $1,225,446  $277,383   22.6

     Total fees and other revenue
      (quarter ended)                   $39,329     $32,766    $6,563   20.0
     Total fees and other revenue
      (year ended)                     $153,788    $126,123   $27,665   21.9



    Power Assets(R)

"TCF's Power Asset lending operations continue to generate strong growth, resulting in a $1 billion increase in Power Assets over 2003," said Cooper. TCF's consumer loan average balances increased $717.5 million, or 22 percent, and leasing and equipment finance average balances increased $191.4 million, or 18 percent, from 2003. The growth in leasing and equipment finance was also aided by the March 2004 acquisition of VGM Leasing Inc., a company specializing in home medical equipment financing, which had $103 million of average leasing and equipment finance balances for 2004.


                                    Average Balances for the
                                     Year Ended December 31,
     ($ in thousands)                  2004        2003        Change % Change
     Loans and leases*:
            Consumer                $4,005,558  $3,288,040    $717,518  21.8%
            Commercial real estate   2,008,943   1,854,452     154,491   8.3
            Commercial business        431,793     445,634     (13,841) (3.1)
            Leasing and equipment
             finance                 1,285,925   1,094,532     191,393  17.5
                   Power Assets     $7,732,219  $6,682,658  $1,049,561  15.7

     *Excludes residential real estate loans and loans held for sale.



    Power Liabilities(R)

"Our continued focus on growing our customer base resulted in an increase of 91,331 checking accounts, or 6 percent, in 2004 to 1,535,152 accounts despite increased competition in all our markets," said Cooper. "Growing checking accounts is an important part of our long-term strategies." Average Power Liabilities totaled $7.8 billion for 2004, with an average interest rate of .55 percent, down 18 basis points from 2003. Average checking, savings and money market balances increased $249.4 million from 2003 despite a $125.5 million reduction in average custodial account balances related to the significant decrease in mortgage banking activity. Certificates of deposit declined from 2003, as other lower-cost funding sources were available to TCF.


                         Average Balances and Rates for the
                                Year Ended December 31,
     ($ in thousands)             2004          2003       Change    % Change
     Checking                 $3,581,931    $3,073,490    $508,441      16.5 %
     Savings                   1,935,814     2,071,548    (135,734)     (6.6)
     Money market                763,925       887,273    (123,348)    (13.9)
       Subtotal                6,281,670     6,032,311     249,359       4.1
     Certificates of deposit   1,493,938     1,743,533    (249,595)    (14.3)
       Power Liabilities      $7,775,608    $7,775,844       $(236)         -

     Number of checking
      accounts, period-end     1,535,152     1,443,821      91,331       6.3
     Average rate on deposits        .55%          .73%        (18)bps   N/A



    Residential Real Estate Loans and Securities Available for Sale

Average balances of residential real estate loans and securities available for sale (consisting primarily of mortgage-backed securities) totaled $2.6 billion for 2004, a decrease of $690 million from 2003. This decline in average balances primarily reflects the significant decline in balances which occurred during 2003 as a result of the high level of prepayments. These assets remained relatively flat throughout 2004 at approximately $2.6 billion. During the fourth quarter of 2004, TCF stopped originating loans for its residential real estate portfolio. Future consumer loan origination activity will be dedicated to the consumer home equity loan portfolio. At December 31, 2004, the unrealized pre-tax loss on TCF's securities available for sale portfolio was $2.2 million.


                         Average Balances and Yields for the
                                   Year Ended December 31,         Change
     ($ in thousands)                 2004         2003          $        %
     Residential real estate
      loans                       $1,104,814   $1,440,688   $(335,874) (23.3)%
     Securities available for
      sale                         1,536,673    1,891,062    (354,389) (18.7)
                   Total          $2,641,487   $3,331,750   $(690,263) (20.7)

     Yield                              5.45%        5.77%



    Non-interest Expense

Non-interest expense totaled $586.9 million for 2004, a 5 percent increase from 2003. The increase was primarily due to costs associated with new branch expansion, additional advertising and promotions expense focused on producing and retaining TCF's deposit customer base, increased incentive compensation resulting from improved performance and increased deposit account losses resulting from increased customer transaction activity. Other expenses totaled $119.5 million for 2004, down $5 million, from 2003. Contributing to the decline in other expenses was a reduction in real estate owned expense of $3.1 million coupled with a reduction in mortgage banking expenses of $2 million.

Non-interest expense totaled $154.4 million for the 2004 fourth quarter, up $12.2 million, or 9 percent, from $142.2 million for the 2003 fourth quarter. Compensation and employee benefits increased $9.6 million, or 13 percent, from the fourth quarter of 2003, primarily driven by a $4.2 million increase in incentive compensation resulting from improved performance in 2004 and a $1.9 million increase related to new branches opened during the past 12 months. Occupancy and equipment expenses increased $2.1 million, or 9 percent, from the fourth quarter of 2003, with $1.4 million relating to costs associated with new branch expansion.

                                           Three Months Ended
                                                December 31,         Change
     ($ in thousands)                          2004      2003       $       %

     Compensation and employee benefits     $86,338   $76,752   $9,586   12.5%
     Occupancy and equipment                 25,057    22,984    2,073    9.0
     Advertising and promotions               6,568     6,204      364    5.9
     Deposit account losses                   5,675     5,448      227    4.2
     Other                                   30,758    30,856      (98)  (0.3)
              Total non-interest expense   $154,396  $142,244  $12,152    8.5



                                                 Year Ended
                                                December 31,         Change
     ($ in thousands)                          2004      2003       $      %

     Compensation and employee benefits    $322,824  $302,804  $20,020   6.6%
     Occupancy and equipment                 95,617    88,423    7,194   8.1
     Advertising and promotions              26,353    25,536      817   3.2
     Deposit account losses                  22,624    18,820    3,804  20.2
     Other                                  119,516   124,526   (5,010) (4.0)
              Total non-interest expense   $586,934  $560,109  $26,825   4.8



    Credit Quality

At December 31, 2004, TCF's allowance for loan and lease losses totaled $79.9 million, or .85 percent of loans and leases, compared with $76.6 million, or .92 percent, at December 31, 2003. The provision for credit losses for 2004 was $10.9 million, down from $12.5 million for 2003. Net loan and lease charge-offs in 2004 were $9.5 million, or .11 percent of average loans and leases, down from $12.9 million, or .16 percent in 2003. At December 31, 2004, TCF's over-30-day delinquency rate was .37 percent, down from .47 percent at December 31, 2003. Total non-performing assets were $64.1 million, or .52 percent of total assets, at December 31, 2004, down from $68.9 million, or .61 percent, at December 31, 2003, primarily reflecting a net decrease in other real estate owned of $16.3 million partially offset by a net increase in non-accrual loans and leases as a result of the $18.8 million investment in a leveraged airplane lease moving to non-accrual status, during the third quarter of 2004.


                                     Three Months Ended       Year Ended
                                        December 31,          December 31,
     ($ in thousands)                  2004       2003       2004       2003
     Allowance for loan and lease
      losses:
       Balance at beginning of
        period                       $78,976    $78,666    $76,619    $77,008
         Net (charge-offs)
          recoveries:
           Consumer                     (806)    (1,002)    (3,232)    (3,189)
           Commercial real estate          2     (1,294)      (476)    (1,336)
           Commercial business           (67)       (47)      (153)      (782)
           Leasing and equipment
            finance                   (2,273)    (3,708)    (5,545)    (7,537)
           Residential real estate       (27)       (33)       (73)       (77)
             Total                    (3,171)    (6,084)    (9,479)   (12,921)
         Provision for credit losses   4,073      4,037     10,947     12,532
         Acquired allowance                -          -      1,791          -
       Balance at end of period      $79,878    $76,619    $79,878    $76,619
       Key Indicators:
         Allowance for loans and
          leases as a percentage of
          total loans and leases         .85%       .92%       .85%       .92%
         Annualized net charge-offs as
          a percentage of average
          loans and leases               .14%       .30%       .11%       .16%
         Period-end allowance as a
          multiple of annualized net
          charge-offs                   6.3 X      3.1 X      8.4 X      5.9 X
         Income before income taxes
          and provision for loan
          losses as a multiple of net
          charge-offs                  33.0 X     15.1 X     41.7 X     26.3 X



    Mortgage Banking

During 2004, TCF restructured its mortgage banking business by eliminating the wholesale loan origination activities and downsizing and integrating its retail loan origination function with its consumer lending business. TCF's mortgage banking business no longer originates any new loans and continues to service the remaining $4.5 billion portfolio of mortgage loans for third party investors. During the fourth quarter of 2004, TCF increased its mortgage servicing rights valuation allowance by $2.5 million and at December 31, 2004, the mortgage servicing rights asset totaled $46.4 million, 1.03% of the related servicing portfolio. The following table summarizes the components of mortgage banking revenues.


                                         Three Months Ended
                                             December 31,        Change
     ($ in thousands)                       2004    2003        $      %

     Servicing income                      $4,170  $4,791    $(621) (13.0)%
     Less mortgage servicing rights:
        Amortization                        3,366   3,387      (21)   (0.6)
        Impairment                          2,500  (2,347)   4,847    N.M.
          Subtotal                          5,866   1,040    4,826    N.M.
               Net servicing income (loss) (1,696)  3,751   (5,447)   N.M.
     Gains on sales of loans                1,361   2,392   (1,031)  (43.1)
     Other income                             213     430     (217)  (50.5)
        Total mortgage banking              $(122) $6,573  $(6,695)    N.M.

    N.M.  Not meaningful.


                                               Year Ended
                                               December 31,         Change
     ($ in thousands)                         2004     2003        $       %

     Servicing income                      $17,349  $20,533  $(3,184)  (15.5)%
     Less mortgage servicing rights:
        Amortization                        13,091   23,680  (10,589)  (44.7)
        Impairment                           1,500   21,153  (19,653)  (92.9)
          Subtotal                          14,591   44,833  (30,242)  (67.5)
               Net servicing income (loss)   2,758  (24,300)  27,058    N.M.
     Gains on sales of loans                 8,107   33,505  (25,398)  (75.8)
     Other income                            2,095    3,514   (1,419)  (40.4)
        Total mortgage banking             $12,960  $12,719     $241     1.9

    N.M.  Not meaningful.



    Income Taxes

TCF's income tax expense was $129.5 million for 2004, or 33.68 percent of income before income tax expense, compared with $111.9 million, or 34.14 percent, for the same 2003 period. The lower effective income tax rate in 2004 was primarily due to increased investments in affordable housing limited partnerships and lower state and local income taxes. TCF's income tax expense was $33.1 million for the fourth quarter of 2004, or 32.96 percent of income before income tax expense, compared with $28.2 million, or 32.14 percent, for the comparable 2003 period.

Capital

TCF repurchased 3,984,890 shares of its common stock during 2004 at an average cost of $29.14 per share, including 1,570,000 shares at an average cost of $30.72 during the fourth quarter. TCF has 3.5 million shares remaining in its stock repurchase program authorized by its Board of Directors. Since 1997, TCF has repurchased 54.2 million shares of its stock, at an average cost of $17.58 per share.

                                        At December 31,      At December 31,
     ($ in thousands, except per-share       2004                 2003
      data)

     Stockholders' equity             $958,418             $920,858
     Stockholders' equity to total
      assets                              7.77%                8.14%
     Book value per common share         $6.99                $6.53

     Total risk-based capital         $958,900    10.88%   $841,982    10.73%
     Total risk-based capital "well-
      capitalized" requirement        $881,481    10.00%   $784,562    10.00%
     Excess risk-based capital over
      "well-capitalized" requirement   $77,419      .88%    $57,420      .73%



    Website Information

A live webcast of TCF's conference call to discuss 2004 and fourth quarter earnings will be hosted at TCF's website, http://www.tcfexpress.com , on January 13, 2004 at 10:00 a.m., CT. Additionally, the webcast is available for replay at TCF's website after the conference call. The website also includes free access to company news releases, TCF's annual report, quarterly reports, investor presentations and SEC filings.

TCF is a Wayzata, Minnesota-based national financial holding company with $12.3 billion in assets. TCF has 430 banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide leasing and equipment finance, mortgage banking, securities brokerage, and investments and insurance sales.

Forward-looking Information

This earnings release and other reports issued by the Company, including reports filed with the SEC, may contain "forward-looking" statements that deal with future results, plans or performance. In addition, TCF's management may make such statements orally to the media, or to securities analysts, investors or others. Forward-looking statements deal with matters that do not relate strictly to historical facts. TCF's future results may differ materially from historical performance and forward-looking statements about TCF's expected financial results or other plans are subject to a number of risks and uncertainties. These include but are not limited to possible legislative changes and adverse economic, business and competitive developments such as shrinking interest margins; deposit outflows; ability to increase the number of checking accounts and the possibility that deposit account losses (fraudulent checks, etc.) may increase; reduced demand for financial services and loan and lease products; adverse developments affecting TCF's supermarket banking relationships or any of the supermarket chains in which TCF maintains supermarket branches; changes in accounting policies and guidelines, or monetary, fiscal or tax policies of the federal or state governments; changes in credit and other risks posed by TCF's loan, lease and investment portfolios, including declines in commercial or residential real estate values or a bankruptcy filing by Delta Airlines, the lessee under a leveraged lease in which TCF holds an equity interest; technological, computer-related or operational difficulties; adverse changes in securities markets; the risk that TCF could be unable to effectively manage the volatility of its mortgage servicing portfolio, which could adversely affect earnings; and results of litigation or other significant uncertainties. Investors should consult TCF's Annual Report to Shareholders and reports on Forms 10-K, 10-Q and 8-K for additional important information about the Company.


                  TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF INCOME
                (Dollars in thousands, except per-share data)
                                 (Unaudited)


                                         Three Months Ended
                                            December 31,
                                           2004      2003   $ Change % Change
    Interest income:
      Loans and leases                   $140,469  $125,042  $15,427   12.3%
      Securities available for sale        19,484    19,995     (511)  (2.6)
      Loans held for sale                   2,421     3,097     (676) (21.8)
      Investments                           1,014       785      229   29.2
        Total interest income             163,388   148,919   14,469    9.7
    Interest expense:
      Deposits                             12,250    10,990    1,260   11.5
      Borrowings                           24,649    18,837    5,812   30.9
        Total interest expense             36,899    29,827    7,072   23.7
          Net interest income             126,489   119,092    7,397    6.2
    Provision for credit losses             4,073     4,037       36     .9
        Net interest income after
         provision for credit losses      122,416   115,055    7,361    6.4
    Non-interest income:
      Fees and service charges             67,536    64,486    3,050    4.7
      Card revenue                         17,458    12,069    5,389   44.7
      ATM revenue                          10,326    10,400      (74)   (.7)
      Investments and insurance revenue     2,609     3,037     (428) (14.1)
        Subtotal                           97,929    89,992    7,937    8.8
      Leasing and equipment finance        21,047    15,372    5,675   36.9
      Mortgage banking                       (122)    6,573   (6,695)   N.M.
      Other                                 7,457     2,928    4,529  154.7
        Fees and other revenue            126,311   114,865   11,446   10.0
      Gains on sales of securities
       available for sale                   6,204         -    6,204  100.0
          Total non-interest income       132,515   114,865   17,650   15.4
    Non-interest expense:
      Compensation and employee benefits   86,338    76,752    9,586   12.5
      Occupancy and equipment              25,057    22,984    2,073    9.0
      Advertising and promotions            6,568     6,204      364    5.9
      Other                                36,433    36,304      129     .4
        Total non-interest expense        154,396   142,244   12,152    8.5
          Income before income tax
           expense                        100,535    87,676   12,859   14.7
    Income tax expense                     33,133    28,180    4,953   17.6
          Net income                      $67,402   $59,496   $7,906   13.3

    Net income per common share:
      Basic                                  $.50      $.43     $.07   16.3
      Diluted                                $.50      $.43     $.07   16.3

    Dividends declared per common share    $.1875    $.1625    $.025   15.4

    Average common and common equivalent
     shares outstanding (in thousands):
        Basic                             134,760   138,450   (3,690)  (2.7)
        Diluted                           135,610   139,118   (3,508)  (2.5)

    N.M.  Not meaningful.



                  TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF INCOME
                (Dollars in thousands, except per-share data)
                                 (Unaudited)

                                             Year Ended
                                            December 31,
                                           2004      2003   $ Change % Change
    Interest income:
      Loans and leases                   $527,178  $513,171  $14,007    2.7%
      Securities available for sale        80,643   103,821  (23,178) (22.3)
      Loans held for sale                  11,533    20,016   (8,483) (42.4)
      Investments                           3,455     4,511   (1,056) (23.4)
        Total interest income             622,809   641,519  (18,710)  (2.9)
    Interest expense:
      Deposits                             42,581    56,795  (14,214) (25.0)
      Borrowings                           88,337   103,579  (15,242) (14.7)
        Total interest expense            130,918   160,374  (29,456) (18.4)
          Net interest income             491,891   481,145   10,746    2.2
    Provision for credit losses            10,947    12,532   (1,585) (12.6)
        Net interest income after
         provision for credit losses      480,944   468,613   12,331    2.6
    Non-interest income:
      Fees and service charges            271,664   247,456   24,208    9.8
      Card revenue                         63,312    52,991   10,321   19.5
      ATM revenue                          42,935    43,623     (688)  (1.6)
      Investments and insurance revenue    12,558    13,901   (1,343)  (9.7)
        Subtotal                          390,469   357,971   32,498    9.1
      Leasing and equipment finance        50,323    51,088     (765)  (1.5)
      Mortgage banking                     12,960    12,719      241    1.9
      Other                                14,114     9,014    5,100   56.6
        Fees and other revenue            467,866   430,792   37,074    8.6
      Gains on sales of securities
       available for sale                  22,600    32,832  (10,232) (31.2)
      Gains (losses) on termination of
       debt                                     -   (44,345)  44,345  100.0
        Other non-interest income          22,600   (11,513)  34,113    N.M.
          Total non-interest income       490,466   419,279   71,187   17.0
    Non-interest expense:
      Compensation and employee benefits  322,824   302,804   20,020    6.6
      Occupancy and equipment              95,617    88,423    7,194    8.1
      Advertising and promotions           26,353    25,536      817    3.2
      Other                               142,140   143,346   (1,206)   (.8)
        Total non-interest expense        586,934   560,109   26,825    4.8
          Income before income tax
           expense                        384,476   327,783   56,693   17.3
    Income tax expense                    129,483   111,905   17,578   15.7
          Net income                     $254,993  $215,878  $39,115   18.1

    Net income per common share:
      Basic                                 $1.87     $1.53     $.34   22.2
      Diluted                               $1.86     $1.53     $.33   21.6

    Dividends declared per common share      $.75      $.65     $.10   15.4

    Average common and common equivalent
      shares outstanding (in thousands):
        Basic                             136,616   140,987   (4,371)  (3.1)
        Diluted                           137,175   141,541   (4,366)  (3.1)

    N.M.  Not meaningful.



                  TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
                CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                (Dollars in thousands, except per-share data)
                                 (Unaudited)

                                  At              At
                             December 31,    December 31,         Change
                                 2004            2003            $       %

    ASSETS

    Cash and due from banks    $359,798        $370,054     $(10,256)  (2.8)%
    Investments                 103,226          75,223       28,003   37.2
    Securities available
     for sale                 1,619,941       1,533,288       86,653    5.7
    Loans held for sale         154,279         335,372     (181,093) (54.0)
    Loans and leases:
      Consumer                4,418,588       3,630,341      788,247   21.7
      Commercial real
       estate                 2,154,396       1,916,701      237,695   12.4
      Commercial business       424,135         427,696       (3,561)   (.8)
      Leasing and
       equipment finance      1,375,372       1,160,397      214,975   18.5
        Subtotal              8,372,491       7,135,135    1,237,356   17.3
      Residential real
       estate                 1,014,166       1,212,643     (198,477) (16.4)
        Total loans and
         leases               9,386,657       8,347,778    1,038,879   12.4
      Allowance for loan
       and lease losses         (79,878)        (76,619)      (3,259)  (4.3)
        Net loans and
         leases               9,306,779       8,271,159    1,035,620   12.5
    Premises and equipment      326,667         282,193       44,474   15.8
    Goodwill                    152,599         145,462        7,137    4.9
    Deposit base intangibles      4,245           5,907       (1,662) (28.1)
    Mortgage servicing rights    46,442          52,036       (5,594) (10.8)
    Other assets                266,591         248,321       18,270    7.4
                            $12,340,567     $11,319,015   $1,021,552    9.0

    LIABILITIES AND
     STOCKHOLDERS'
     EQUITY

    Deposits:
      Checking               $3,905,987      $3,248,412     $657,575   20.2
      Savings                 1,927,872       1,905,923       21,949    1.2
      Money market              659,686         845,291     (185,605) (22.0)
        Subtotal              6,493,545       5,999,626      493,919    8.2
      Certificates of
       deposit                1,468,650       1,612,123     (143,473)  (8.9)
        Total deposits        7,962,195       7,611,749      350,446    4.6
    Short-term borrowings     1,056,111         878,412      177,699   20.2
    Long-term borrowings      2,048,492       1,536,413      512,079   33.3
        Total borrowings      3,104,603       2,414,825      689,778   28.6
    Accrued expenses and
     other liabilities          315,351         371,583      (56,232) (15.1)
        Total liabilities    11,382,149      10,398,157      983,992    9.5
    Stockholders' equity:
      Preferred stock,
       par value $.01
       per share,
       30,000,000 shares
       authorized; none
       issued or outstanding          -               -            -     -
      Common stock, par
       value $.01 per
       share, 280,000,000
       shares authorized;
       184,939,094 and
       185,026,710
       shares issued              1,849             925          924   99.9
      Additional paid-in
       capital                  518,741         518,878         (137)    -
      Retained earnings,
       subject to
       certain
       restrictions           1,385,760       1,234,804      150,956   12.2
      Accumulated other
       comprehensive
       (loss) income             (1,415)          5,652       (7,067)  N.M.
      Treasury stock at
       cost, 47,752,934
       and 44,074,050
       shares, and other       (946,517)       (839,401)    (107,116) (12.8)
          Total
           stockholders'
           equity               958,418         920,858       37,560    4.1
                            $12,340,567     $11,319,015   $1,021,552    9.0

    N.M.  Not meaningful.



                  TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
                             CREDIT QUALITY DATA
                            (Dollars in thousands)
                                 (Unaudited)

    Allowance for loan and lease losses:
                  At or For the Year Ended       At or For the Year Ended
                     December 31, 2004              December 31, 2003
                         Allow-                        Allow-
                         ance                          ance
                         as a                          as a
                         % of         Net              % of        Net
                 Allow-  Port-    Charge-offs   Allow- Port-   Charge-offs
                 ance    folio      $     %     ance   folio     $      %
    Consumer     $9,939   .22%    $3,232  .08%  $9,084  .25%  $3,189  .10%
    Commercial
     real
     estate      20,742   .96        476  .02   25,142 1.31    1,336  .07
    Commercial
     business     7,696  1.81        153  .04   11,797 2.76      782  .18
    Leasing and
     equipment
     finance     24,566  1.79      5,545  .43   13,515 1.16    7,537  .69
    Unallocated  16,139   n/a          -  n/a   16,139  n/a        -  n/a
      Subtotal   79,082   .94      9,406  .12   75,677 1.06   12,844  .19
    Residential
     real estate    796   .08         73  .01      942  .08       77  .01
      Total     $79,878   .85     $9,479  .11  $76,619  .92  $12,921  .16


    Non-performing assets:
                     At            At         At            Change from
                  December     September    December     September   December
                     31,           30,        31,           30,         31,
                    2004          2004       2003          2004        2003
    Non-accrual
     loans and
     leases:
      Consumer    $12,187      $11,959      $12,052        $228        $135
      Commercial
       real estate  1,093        1,026        2,490          67      (1,397)
      Commercial
       business     4,533        2,861        2,931       1,672       1,602
      Leasing and
       equipment
       finance     25,678       28,114       13,940      (2,436)     11,738
      Residential
       real estate  3,387        2,763        3,993         624        (606)
        Total
         non-accrual
         loans and
         leases    46,878       46,723       35,406         155      11,472
    Other real
     estate owned:
      Residential
       real estate 11,726       12,028       20,462        (302)     (8,736)
      Commercial
       real estate  5,465       10,717       12,992      (5,252)     (7,527)
        Total other
         real estate
         owned     17,191       22,745       33,454      (5,554)    (16,263)
      Total
       non-
       performing
       assets     $64,069      $69,468      $68,860     $(5,399)    $(4,791)


    Over 30-day
     delinquency
     data (a):        At December 31,    At September 30,    At December 31,
                           2004               2004                2003
                     Principal   % of    Principal  % of    Principal  % of
                     Balances  Portfolio Balances Portfolio Balances Portfolio
    Consumer         $15,436      .35%   $15,256      .36%   $17,673     .49%
    Commercial
     real estate          32        -      1,958      .10         58       -
    Commercial business  404      .10      1,282      .29        282     .07
    Leasing and
     equipment
     finance           8,997      .67      7,064      .54     10,619     .93
    Residential
     real estate       9,516      .94      9,776      .94     10,112     .84
       Total         $34,385      .37    $35,336      .39    $38,744     .47


    Potential Problem
     Loans and
     Leases (b):
                    At            At           At           Change from
                 December      September    December    September    December
                    31,           30,          31,         30,          31
                   2004          2004         2003        2004         2003
    Commercial
     real estate  $34,138      $31,397      $20,279      $2,741     $13,859
    Commercial
     business      18,112       21,607       12,721      (3,495)      5,391
    Leasing and
     equipment
     finance       18,816       17,669       15,094       1,147       3,722
                  $71,066      $70,673      $48,094        $393     $22,972

    (a)  Excludes non-accrual loans and leases.
    (b)  Consists of loans and leases primarily classified for regulatory
         purposes as substandard and reflect the distinct possibility, but not
         probability, that they will become non-performing or that TCF will
         not be able to collect all amounts due according to the contractual
         terms of the loan or lease agreement.



                  TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
            CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES
                            (Dollars in thousands)
                                 (Unaudited)

                                    Three Months Ended December 31,
                                  2004                          2003
                                          Yields                        Yields
                        Average             and     Average               and
                        Balance  Interest  Rates    Balance   Interest   Rates
                                            (a)                           (a)
    ASSETS

      Investments       $105,603   $1,014   3.83%    $75,397     $785    4.15%
      Securities
       available for
       sale            1,534,776   19,484   5.08   1,505,379   19,995    5.31
      Loans held for
       sale              254,617    2,421   3.78     359,650    3,097    3.42
      Loans and
       leases:
        Consumer       4,308,053   68,230   6.30   3,529,177   55,657    6.26
        Commercial real
         estate        2,094,012   29,474   5.60   1,875,215   26,290    5.56
        Commercial
         business        430,658    5,097   4.71     424,310    4,438    4.15
        Leasing and
         equipment
          finance      1,341,985   23,031   6.86   1,152,753   20,318    7.05
           Subtotal    8,174,708  125,832   6.13   6,981,455  106,703    6.07
        Residential
         real estate   1,027,302   14,637   5.69   1,256,847   18,339    5.83
          Total loans
           and leases  9,202,010  140,469   6.08   8,238,302  125,042    6.04

          Total
           interest-
           earning
           assets     11,097,006  163,388   5.87  10,178,728  148,919    5.82

      Other assets     1,072,330                   1,002,824

        Total assets $12,169,336                 $11,181,552


    LIABILITIES AND STOCKHOLDERS' EQUITY

      Non-interest
       bearing
       deposits       $2,382,674                  $2,199,983
      Interest-
       bearing
       deposits:
        Checking       1,450,200    1,700    .47   1,110,296      213     .08
        Savings        1,820,580    2,338    .51   1,816,220    1,782     .39
        Money market     685,885      793    .46     866,408      823     .38
          Subtotal     3,956,665    4,831    .49   3,792,924    2,818     .29
        Certificates
         of deposit    1,469,735    7,419   2.01   1,607,495    8,172    2.02
          Total
           interest-
           bearing
           deposits    5,426,400   12,250    .90   5,400,419   10,990     .81

             Total
              deposits 7,809,074   12,250    .62   7,600,402   10,990     .57

      Borrowings:
        Short-term
         borrowings    1,003,746    5,142   2.04     941,460    2,931    1.24
        Long-term
         borrowings    2,045,505   19,507   3.80   1,358,496   15,906    4.65
          Total
           borrowings  3,049,251   24,649   3.22   2,299,956   18,837    3.25

        Total deposits
         and
         borrowings   10,858,325   36,899   1.35   9,900,358   29,827    1.20

      Other liabilities  360,004                     372,034

        Total
         liabilities  11,218,329                  10,272,392

      Stockholders'
       equity            951,007                     909,160

        Total
         liabilities
         and
         stockholders'
         equity      $12,169,336                 $11,181,552

    Net interest
     income and
     margin                      $126,489   4.56%            $119,092    4.68%

    (a) Annualized.



                  TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
            CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES
                            (Dollars in thousands)
                                 (Unaudited)


                                         Year Ended December 31,
                                  2004                          2003
                                          Yields                        Yields
                        Average             and     Average               and
                        Balance  Interest  Rates    Balance   Interest   Rates
    ASSETS
      Investments       $124,833   $3,455   2.77%   $101,455   $4,511    4.45%
      Securities
       available for
       sale            1,536,673   80,643   5.25   1,891,062  103,821    5.49
      Loans held for
       sale              331,529   11,533   3.48     488,634   20,016    4.10
      Loans and leases:
        Consumer       4,005,558  245,439   6.13   3,288,040  214,971    6.54
        Commercial real
         estate        2,008,943  110,446   5.50   1,854,452  108,867    5.87
        Commercial
         business        431,793   18,569   4.30     445,634   19,020    4.27
        Leasing and
         equipment
         finance       1,285,925   89,364   6.95   1,094,532   81,912    7.48
          Subtotal     7,732,219  463,818   6.00   6,682,658  424,770    6.36
        Residential
         real estate   1,104,814   63,360   5.73   1,440,688   88,401    6.14
          Total loans
           and leases  8,837,033  527,178   5.97   8,123,346  513,171    6.32

          Total
           interest-
           earning
           assets     10,830,068  622,809   5.75  10,604,497  641,519    6.05

      Other assets     1,052,679                   1,053,073

        Total assets $11,882,747                 $11,657,570


    LIABILITIES AND STOCKHOLDERS' EQUITY

      Non-interest
       bearing
       deposits       $2,355,000                  $2,232,883
      Interest-
       bearing
       deposits:
        Checking       1,338,893    3,820    .29   1,064,380      948     .09
        Savings        1,823,852    7,490    .41   1,847,775    9,298     .50
        Money market     763,925    2,992    .39     887,273    4,447     .50
          Subtotal     3,926,670   14,302    .36   3,799,428   14,693     .39
        Certificates
         of deposit    1,493,938   28,279   1.89   1,743,533   42,102    2.41
          Total
           interest-
           bearing
           deposits    5,420,608   42,581    .79   5,542,961   56,795    1.02

            Total
             deposits  7,775,608   42,581    .55   7,775,844   56,795     .73

      Borrowings:
        Short-term
         borrowings      809,106   12,664   1.57     757,128    9,451    1.25
        Long-term
         borrowings    1,984,069   75,673   3.81   1,778,671   94,128    5.29
          Total
           borrowings  2,793,175   88,337   3.16   2,535,799  103,579    4.08

        Total deposits
         and
         borrowings   10,568,783  130,918   1.24  10,311,643  160,374    1.56

      Other
       liabilities       370,184                     409,539

        Total
         liabilities  10,938,967                  10,721,182

      Stockholders'
       equity            943,780                     936,388

        Total
         liabilities
         and
         stockholders'
         equity      $11,882,747                 $11,657,570

    Net interest
     income and
     margin                      $491,891   4.54%            $481,145    4.54%



                  TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
       CONSOLIDATED QUARTERLY STATEMENTS OF INCOME AND FINANCIAL RATIOS
                (Dollars in thousands, except per-share data)
                                 (Unaudited)

                                       Three Months Ended
                 Dec. 31,     Sep. 30,     Jun. 30,    Mar. 31,    Dec. 31,
                   2004         2004         2004        2004        2003
    Interest income:
      Loans and
       leases    $140,469     $133,295     $128,141    $125,273    $125,042
      Securities
       available
       for sale    19,484       20,414       20,413      20,332      19,995
      Loans held
       for sale     2,421        2,931        3,340       2,841       3,097
      Investments   1,014          773          895         773         785
        Total
         interest
         income   163,388      157,413      152,789     149,219     148,919
    Interest
     expense:
      Deposits     12,250       10,318        9,474      10,539      10,990
      Borrowings   24,649       22,605       20,896      20,187      18,837
        Total
         interest
         expense   36,899       32,923       30,370      30,726      29,827
          Net
           interest
           income 126,489      124,490      122,419     118,493     119,092
    Provision for
     credit losses  4,073        2,644        3,070       1,160       4,037
        Net interest
         income after
         provision
         for credit
         losses   122,416      121,846      119,349     117,333     115,055
    Non-interest
     income:
      Fees and
       service
       charges     67,536       71,353       73,116      59,659      64,486
      Card
       revenue     17,458       16,339       16,024      13,491      12,069
      ATM revenue  10,326       11,474       11,138       9,997      10,400
      Investments
       and insurance
       revenue      2,609        3,057        3,430       3,462       3,037
        Subtotal   97,929      102,223      103,708      86,609      89,992
      Leasing and
       equipment
       finance     21,047        6,864       12,245      10,167      15,372
      Mortgage
       banking       (122)       4,131        5,496       3,455       6,573
      Other         7,457        2,585        1,844       2,228       2,928
        Fees and
         other
         revenue  126,311      115,803      123,293     102,459     114,865
      Gains on
       sales of
       securities
       available
       for sale     6,204        3,679            -      12,717           -
          Total
           non-
           interest
           income 132,515      119,482      123,293     115,176     114,865
    Non-interest
     expense:
      Compensation
       and employee
       benefits    86,338       78,010       79,597      78,879      76,752
      Occupancy and
       equipment   25,057       23,673       23,397      23,490      22,984
      Advertising and
       promotions   6,568        7,377        6,498       5,910       6,204
      Other        36,433       38,866       34,414      32,427      36,304
        Total non-
         interest
         expense  154,396      147,926      143,906     140,706     142,244
          Income
           before
           income
           tax
           exp-
           ense   100,535       93,402       98,736      91,803      87,676
    Income tax
     expense       33,133       31,690       33,518      31,142      28,180
        Net
         income   $67,402      $61,712      $65,218     $60,661     $59,496

    Net income per
     common share:
      Basic          $.50         $.45         $.47        $.44        $.43
      Diluted        $.50         $.45         $.47        $.44        $.43

    Dividends
     declared
     per common
     share         $.1875       $.1875       $.1875      $.1875      $.1625

    Financial Ratios:

    Return on average
     assets(a)       2.22%        2.06%        2.20%       2.11%       2.13%
    Return on average
     common
     equity(a)      28.35        25.96        27.68       25.90       26.18
    Net interest
     margin(a)       4.56         4.56         4.53        4.52        4.68
    Net charge-offs
     as a percentage
     of average loans
     and leases(a)    .14          .17          .10         .02         .30
    Average total
     equity to average
     assets          7.81         7.94         7.95        8.13        8.13

    (a)  Annualized.



                  TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
  CONSOLIDATED QUARTERLY AVERAGE BALANCE SHEETS AND SUPPLEMENTAL INFORMATION
                                (In thousands)
                                 (Unaudited)

                 Dec. 31,     Sept. 30,    Jun. 30,    Mar. 31,    Dec. 31,
                   2004         2004         2004        2004        2003
    ASSETS

    Cash and due
     from banks  $350,497     $351,383     $347,551    $326,731    $339,531
    Investments   105,603       94,910      157,591     141,770      75,397
    Securities
     available
     for sale   1,534,776    1,545,768    1,546,694   1,519,374   1,505,379
    Loans held
     for sale     254,617      327,953      385,193     359,238     359,650
    Loans and
     leases:
      Consumer  4,308,053    4,099,569    3,904,194   3,706,061   3,529,177
      Commercial
       real
       estate   2,094,012    2,012,790    1,985,498   1,942,494   1,875,215
      Commercial
       business   430,658      440,010      428,602     427,824     424,310
      Leasing and
       equipment
       finance  1,341,985    1,320,495    1,285,989   1,194,235   1,152,753
        Sub-
         total  8,174,708    7,872,864    7,604,283   7,270,614   6,981,455
      Residential
       real
       estate   1,027,302    1,076,619    1,123,062   1,193,435   1,256,847
        Total
         loans
         and
         leases 9,202,010    8,949,483    8,727,345   8,464,049   8,238,302
      Allowance
       for loan
       and lease
       losses     (79,502)     (80,077)     (79,169)    (77,655)    (78,655)
        Net loans
         and
         leases 9,122,508    8,869,406    8,648,176   8,386,394   8,159,647
    Premises and
     equipment    322,492      313,068      297,492     287,322     276,541
    Goodwill      152,599      152,599      152,599     146,678     145,462
    Deposit base
     intangibles    4,448        4,865        5,280       5,695       6,111
    Mortgage
     servicing
     rights        49,746       51,380       50,876      51,432      49,955
    Other
     assets       272,050      264,226      264,826     301,010     263,879
              $12,169,336  $11,975,558  $11,856,278 $11,525,644 $11,181,552

    LIABILITIES AND STOCKHOLDERS' EQUITY

    Deposits:
      Checking $3,741,608   $3,657,340   $3,596,808  $3,329,383  $3,194,672
      Savings   1,911,846    1,925,674    1,982,818   1,923,295   1,931,827
      Money
       market     685,885      738,769      799,485     832,695     866,408
        Sub-
         total  6,339,339    6,321,783    6,379,111   6,085,373   5,992,907
      Certificates
       of
       deposit  1,469,735    1,458,905    1,467,654   1,580,107   1,607,495
        Total
         dep-
         osits  7,809,074    7,780,688    7,846,765   7,665,480   7,600,402
    Short-term
     borrowings 1,003,746      824,955      669,938     735,475     941,460
    Long-term
     borrowings 2,045,505    2,059,525    2,017,232   1,812,508   1,358,496
        Total
         borrow-
         ings   3,049,251    2,884,480    2,687,170   2,547,983   2,299,956
    Accrued
     expenses and
     other
     liabilities  360,004      359,488      379,965     375,192     372,034
        Total
         liabil-
         ities 11,218,329   11,024,656   10,913,900  10,588,655  10,272,392
    Stockholders'
     equity:
      Common stock  1,850        1,206          925         925         925
      Additional
       paid-in
       capital    518,012      517,020      516,990     517,203     517,657
      Retained
       earnings 1,360,169    1,318,461    1,282,080   1,243,968   1,209,630
      Accumulated
       other
       comprehensive
       income
       (loss)        (527)      (2,781)     (11,666)     11,784       4,332
      Treasury
       stock at
       cost and
       other     (928,497)    (883,004)    (845,951)   (836,891)   (823,384)
                  951,007      950,902      942,378     936,989     909,160
              $12,169,336  $11,975,558  $11,856,278 $11,525,644 $11,181,552

    Supplemental
     Information:
    Residential
     real estate
     loans     $1,027,302   $1,076,619   $1,123,062  $1,193,435  $1,256,847
    Securities
     available
     for sale   1,534,776    1,545,768    1,546,694   1,519,374   1,505,379
      Total
       residential
       real estate
       loans and
       securities
       available
       for
       sale    $2,562,078   $2,622,387   $2,669,756  $2,712,809  $2,762,226
SOURCE  TCF Financial Corporation

    -0-                             01/13/2005
    /CONTACT:  Jason Korstange of TCF Financial Corporation
, +1-952-745-2755/
    /Company News On-Call:  http://www.prnewswire.com/comp/840750.html /
    /Web site:  http://www.tcfexpress.com /
    (TCB)

CO:  TCF Financial Corporation

ST:  Minnesota
IN:  FIN
SU:  ERN DIV CCA

JL-JR
-- CGTH012 --
2858 01/13/2005 08:30 EST http://www.prnewswire.com

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