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Press Release

TCF Reports First Quarter Earnings and EPS -- $.47, up 7 percent

Company Release - 4/20/2005 8:30 AM ET

WAYZATA, Minn.--(BUSINESS WIRE)--April 20, 2005--TCF Financial Corporation (TCF) (NYSE:TCB):

    FIRST QUARTER HIGHLIGHTS

    --  Diluted earnings per share of 47 cents

    --  Net income of $63.5 million

    --  Return on average assets of 2.03 percent

    --  Return on average common equity of 27.18 percent

    --  Average Power Assets(R) increased $1.2 billion, or 16 percent

    --  Average Power Liabilities(R) increased $443.8 million, or 6
        percent

    --  Increased checking accounts by 23,755 to 1,558,907 accounts

EARNINGS SUMMARY
($ in thousands, except per-share data)
                                                    Three Months
                                                  Ended March 31,
                                              ------------------------
                                                2005     2004   Change
                                              -------- -------- ------
Net income                                    $63,465  $60,661    4.6%
Diluted earnings per common share                 .47      .44    6.8

Financial Ratios
--------------------------------------------
Return on average assets                         2.03%    2.11%
Return on average common equity                 27.18    25.90
Net interest margin                              4.56     4.52

TCF Financial Corporation (TCF) (NYSE:TCB) today reported diluted earnings per share of 47 cents for the first quarter of 2005, up from 44 cents for the same period in 2004. Net income for the first quarter of 2005 was $63.5 million, up from $60.7 million for the same period in 2004. For the first quarter of 2005, return on average assets was 2.03 percent and return on average common equity was 27.18 percent, compared with 2.11 percent and 25.90 percent, respectively, for the first quarter of 2004.

Chairman's Statement

"TCF's first quarter earnings were solid despite a difficult interest rate and competitive environment," said William A. Cooper, Chairman and CEO. "While total retail banking fees were flat, TCF's margin improved, we had some securities gains, exceptional credit quality, expenses were under control, and we had continued strong growth in both Power Assets and Power Liabilities."

Total Revenue

                                   Three Months
($ in thousands)                  Ended March 31,
                                -------------------
                                  2005      2004    $ Change % Change
                                --------- --------- -------- ---------

Net interest income             $129,053  $118,493  $10,560       8.9%
                                --------- --------- --------
Fees and other revenue:
  Fees and service charges        57,031    59,659   (2,628)     (4.4)
  Card revenue                    17,642    13,491    4,151      30.8
  ATM revenue                      9,732     9,997     (265)     (2.7)
  Investments and insurance
   revenue                         2,853     3,462     (609)    (17.6)
                                --------- --------- --------
    Total banking fees and other
     revenue                      87,258    86,609      649        .7
  Leasing and equipment finance   10,693    10,167      526       5.2
  Mortgage banking (1)             1,142     3,455   (2,313)    (66.9)
  Other                            7,816     2,228    5,588       N.M.
                                --------- --------- --------
    Total fees and other revenue 106,909   102,459    4,450       4.3
                                --------- --------- --------
Gains on sales of securities
 available for sale                5,239    12,717   (7,478)    (58.8)
                                --------- --------- --------
    Total non-interest income    112,148   115,176   (3,028)     (2.6)
                                --------- --------- --------
      Total revenue             $241,201  $233,669   $7,532       3.2
                                ========= ========= ========

Net interest margin                 4.56%     4.52%
Fees and other revenue as a % of
 total revenue                     44.32     43.85
Fees and other revenue as a % of
 average assets                     3.42      3.56

--------------------------------
N.M.  Not meaningful.

(1) TCF's mortgage banking business no longer originates or sells
    loans. See pages 10 and 11 for additional information.

Net Interest Income

TCF's net interest income in the first quarter of 2005 was $129.1 million, up $10.6 million, or 9 percent, from the first quarter of 2004. Net interest margin in the first quarter of 2005 was 4.56 percent, compared with 4.52 percent last year and 4.56 percent in the fourth quarter of 2004. The increase in net interest income from the first quarter of 2004 was primarily driven by increases in average Power Assets and Power Liabilities coupled with the favorable impact of increases in short-term interest rates, partially offset by decreased rates on fixed-rate assets and the flatter yield curve.

Interest Rate Risk

TCF's one-year interest rate gap (the difference between interest-earning assets and interest-bearing liabilities repricing or maturing within the next 12 months), assuming no change in interest rates, was a positive $386.3 million, or 3 percent of total assets, at March 31, 2005, compared with a positive $585.3 million, or 4.7 percent of total assets at December 31, 2004. The decrease in the one-year interest rate gap during the first quarter of 2005 was primarily due to increases in fixed-rate consumer loans and treasury assets. 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 $112.1 million for the first quarter of 2005, compared with $115.2 million for the first quarter of 2004. Banking fees and other revenue increased $649 thousand, or .7 percent, over the first quarter of 2004. "Changing customer trends regarding banking fees are presenting challenges for the banking industry and TCF," said Cooper. "TCF is continually monitoring these trends, reviewing its procedures and making adjustments. TCF continues to focus on growth in the number of checking accounts to increase future fee revenue."

Card revenues totaled $17.6 million for the first quarter of 2005, up 31 percent over the same period in 2004. The increase was attributable to a 20 percent increase in customer transaction volumes coupled with a 6 basis point increase in the average off-line interchange rate.

Leasing and equipment finance revenues were $10.7 million for the first quarter of 2005, up $526 thousand, or 5 percent, from the 2004 first quarter. The increase is primarily the result of increases in operating lease revenues, and other transaction fees partially offset by a $1 million decrease in sales-type lease revenues. Sales type revenues may fluctuate from quarter to quarter based on customer driven factors not within the control of TCF.

During the 2005 first quarter, TCF took advantage of market conditions and sold $466 million of mortgage-backed securities and realized gains of $5.2 million, compared with $854 million in sales and $12.7 million of gains for the first quarter of 2004. Other revenue in the first quarter of 2005 includes a gain of $5.5 million on the sale of TCF's main office facility in Ann Arbor, Michigan. TCF is exploring options for relocation of this office.

New Branch Expansion

TCF opened one new traditional branch during the first quarter of 2005 and has now opened 258 new branches since January 1998, representing 60 percent of TCF's 430 total branches. TCF plans to open 20 new traditional branches, seven new supermarket branches, and two new campus branches during the remainder of 2005.

                                      March 31, March 31, December 31,
(# of branches)                         2005      2004        1997
                                      --------- --------- ------------

Total Branches
--------------
Minnesota                                  101        99           75
Illinois                                   197       191           47
Wisconsin                                   34        34           28
Michigan                                    60        56           60
Colorado                                    32        20            7
Indiana                                      6         6            -
                                      --------- --------- ------------
                                           430       406          217
                                      ========= ========= ============

New Branches(a)
---------------
   Traditional                              59        42
   Campus                                    2         2
   Supermarket                             197       188
                                      --------- ---------
     Total                                 258       232
                                      ========= =========
         % of Total Branches                60%       57%
                                      ========= =========


--------------------------------------
(a) 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 Three
                            Months Ended March 31,
                           -----------------------
($ in thousands)              2005        2004      Change   % Change
                           ----------- ----------- --------- ---------

Number of checking accounts   598,254     521,448    76,806      14.7%
Deposits:
  Checking                   $929,989    $715,530  $214,459      30.0
  Savings                     491,658     418,604    73,054      17.5
  Money market                 53,411      67,246   (13,835)    (20.6)
                           ----------- ----------- ---------
    Subtotal                1,475,058   1,201,380   273,678      22.8
  Certificates of deposit     258,518     149,582   108,936      72.8
                           ----------- ----------- ---------
    Total deposits         $1,733,576  $1,350,962  $382,614      28.3
                           =========== =========== =========

Total deposit fees and
 other revenue                $35,965     $32,176    $3,789      11.8
                           =========== =========== =========

Power Assets(R)

"Growth in consumer home equity and commercial real estate loans remained strong during the first quarter," said Cooper. TCF's average consumer loan balances increased $786.9 million, or 21 percent, commercial real estate loan average balances increased $225.8 million, or 12 percent, and leasing and equipment finance average balances increased $195.3 million, or 16 percent, from the first quarter of 2004.

                        Average Balances for the
                           Three Months Ended
                               March 31,
                        ------------------------
($ in thousands)            2005        2004       Change    % Change
                         ----------- ----------- ----------- ---------
Loans and leases(a):
 Consumer home equity
  and other
   Home equity:
    First mortgage lien  $2,951,676  $2,498,137    $453,539      18.2%
    Junior lien           1,505,217   1,166,662     338,555      29.0
                         ----------- ----------- -----------
     Total consumer home
      equity              4,456,893   3,664,799     792,094      21.6
   Other                     36,046      41,262      (5,216)    (12.6)
                         ----------- ----------- -----------
     Total consumer home
      equity and other    4,492,939   3,706,061     786,878      21.2
 Commercial real estate   2,168,336   1,942,494     225,842      11.6
 Commercial business        407,523     427,824     (20,301)     (4.7)
 Leasing and equipment
  finance                 1,389,541   1,194,235     195,306      16.4
                         ----------- ----------- -----------
     Power Assets        $8,458,339  $7,270,614  $1,187,725      16.3
                         =========== =========== ===========

(a) Excludes residential real estate loans and loans held for sale.

Power Liabilities(R)

"TCF's new Premier Checking, Plus eChecking and Premier Savings products drove growth in Power Liabilities during the quarter," said Cooper. Average Power Liabilities totaled $8.1 billion for the first quarter of 2005, with an average interest rate of .8 percent. Average checking, savings and money market balances increased $431.3 million from the first quarter of 2004. The total number of checking accounts was 1,558,907 at March 31, 2005, up from 1,472,615 accounts at March 31, 2004 and 1,535,152 accounts at December 31, 2004. During the first quarter of 2005, TCF generated 131,677 new checking accounts as compared with 124,263 new checking accounts in the first quarter of 2004.

                         Average Balances for the
                           Three Months Ended
                                March 31,
                         -----------------------
($ in thousands)            2005        2004      Change     % Change
                         ----------- ----------- ---------   ---------
Non-interest bearing
 deposits:
 Retail                  $1,571,740  $1,473,772   $97,968         6.6%
 Small business             547,060     457,047    90,013        19.7
 Commercial and custodial   313,635     324,857   (11,222)       (3.5)
                         ----------- ----------- ---------
   Total non-interest
    bearing deposits      2,432,435   2,255,676   176,759         7.8
Interest-bearing
 deposits:
 Premier checking           459,385      49,184   410,201         N.M.
 Other checking           1,089,541   1,138,680   (49,139)       (4.3)
                         ----------- ----------- ---------
   Subtotal               1,548,926   1,187,864   361,062        30.4
 Premier savings            281,529           -   281,529
 Other savings            1,606,560   1,809,138  (202,578)      (11.2)
                         ----------- ----------- ---------
   Subtotal               1,888,089   1,809,138    78,951         4.4
 Money market               647,197     832,695  (185,498)      (22.3)
                         ----------- ----------- ---------
   Subtotal               4,084,212   3,829,697   254,515         6.6
 Certificates of deposit  1,592,682   1,580,107    12,575         0.8
                         ----------- ----------- ---------
   Total interest bearing
    deposits              5,676,894   5,409,804   267,090         4.9
                         ----------- ----------- ---------
   Power Liabilities     $8,109,329  $7,665,480  $443,849         5.8
                         =========== =========== =========

Total checking, savings
 and money market
 balances                $6,516,647  $6,085,373  $431,274         7.1
Number of checking
 accounts, period-end     1,558,907   1,472,615    86,292         5.9
Average rate on deposits        .80%        .55%       25 bps     N/A

-------------------------
N.M. Not meaningful.

Borrowings

Borrowings totaled $3.0 billion at March 31, 2005, down $127.3 million from December 31, 2004. Borrowings decreased from December 31, 2004 primarily due to growth in Power Liabilities exceeding growth in Power Assets by $203.2 million. During the first quarter of 2005, TCF issued $50 million of subordinated notes due in 2015. The notes bear interest at a fixed rate of 5.00 percent, for the first five years and will reprice quarterly thereafter at the three-month LIBOR rate plus 1.56 percent. The notes qualify as Tier 2 or supplementary capital for regulatory purposes, subject to certain limitations. TCF National Bank paid the proceeds from the offering to TCF Financial Corporation to be used for general corporate purposes, which may include repurchases in the open market of TCF common stock. Also, TCF extended $200 million of FHLB advances until February 2007, at an average fixed rate of 3.60 percent. The weighted average rate for borrowings was 3.46 percent for the first quarter at 2005, compared with 3.19 percent for the first quarter of 2004 and 3.22 percent for the fourth quarter of 2004.

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 the first quarter of 2005, a decrease of $64.6 million from the first quarter of 2004. The residential real estate loans are all first mortgage loans originated by TCF's mortgage banking operations. TCF no longer originates any new loans in its mortgage banking business so this portfolio will continue to decline from normal amortization and pre-payments. At March 31, 2005, the unrealized pre-tax loss on TCF's securities available for sale portfolio was $23.1 million.

                Average Balances and Yields
                for the Three Months Ended           Change from
            ----------------------------------- ----------------------
($ in        March 31,  December 31, March 31,  December 31, March 31,
 thousands)    2005        2004        2004         2004       2004
            ----------- ----------- ----------- ------------ ---------
Securities
 available
 for sale   $1,663,412  $1,534,776  $1,519,374     $128,636  $144,038
Residential
 real estate
 loans         984,764   1,027,302   1,193,435      (42,538) (208,671)
            ----------- ----------- ----------- ------------ ---------
    Total   $2,648,176  $2,562,078  $2,712,809      $86,098  $(64,633)
            =========== =========== =========== ============ =========

Yield             5.37%       5.32%       5.54%

Non-interest Expense

Non-interest expense totaled $148.1 million for the 2005 first quarter, up $7.4 million, or 5 percent, from $140.7 million for the 2004 first quarter. Compensation and employee benefits increased $2.6 million, or 3 percent, from the first quarter of 2004, primarily driven by a $4.9 million increase in the banking segment of which $1.7 million related to new branches opened during the past 12 months, partially offset by a $2.3 million decrease for mortgage banking. Occupancy and equipment expenses increased $1.9 million, or 8 percent, from the first quarter of 2004, primarily related to costs associated with new branch expansion. Deposit losses decreased $517 thousand from the first quarter of 2004, primarily due to increased customer restitution from improved collection and customer retention activities. Other expenses increased $3.1 million, or 11 percent, from the first quarter of 2004, primarily driven by a $1.2 million increase in card processing expenses related to the overall increase in card revenues, and a $1.1 million increase in operating lease depreciation expense in the leasing businesses.

                                    Three Months Ended
                                         March 31,          Change
                                    ------------------- --------------
($ in thousands)                      2005      2004       $      %
                                    --------- --------- ------- ------

Compensation and employee benefits   $81,451   $78,879  $2,572   3.3 %
Occupancy and equipment               25,379    23,490   1,889    8.0
Advertising and promotions             6,247     5,910     337    5.7
Deposit losses                         3,661     4,178    (517) (12.4)
Other                                 31,373    28,249   3,124   11.1
                                    --------- --------- -------
   Total non-interest expense       $148,111  $140,706  $7,405    5.3
                                    ========= ========= =======

Credit Quality

At March 31, 2005, TCF's allowance for loan and lease losses totaled $76.9 million, or .80 percent of loans and leases, compared with $79.1 million, or .92 percent, at March 31, 2004. The provision for credit losses for the first quarter of 2005 was a net credit of $3.4 million, compared with provision expense of $1.2 million for the first quarter of 2004. Net loan and lease recoveries were $441 thousand, or .02 percent (annualized) of average loans and leases, in the first quarter of 2005, compared with net charge-offs of $516 thousand, or .02 percent (annualized), for the same 2004 period. The provision for credit losses for the first quarter reflects improved credit quality including $3.3 million related to one commercial business loan recovery, a $1.2 million reduction in consumer home equity and other loan reserve requirements due to improving credit quality and a $1.5 million reduction in specific loan reserves due to improvements in individual circumstances, partially offset by $2.6 million in additional reserve requirements for portfolio growth and other changes. At March 31, 2005, TCF's over-30-day delinquency rate was .34 percent, down from .37 percent at December 31, 2004. Total non-performing assets were $63.4 million, or .50 percent of total assets, at March 31, 2005, down slightly from $64.1 million, or .52 percent, at December 31, 2004, with decreases in non-accrual loans and leases, partially offset by a $1.3 million increase in other real estate owned. Included in the non-accrual loans and leases and non-performing assets at March 31, 2005, is TCF's $18.8 million investment in a leveraged lease with Delta Airlines, Inc. ("Delta").

Although Delta is current on its payments related to this transaction, if Delta declares bankruptcy, it would likely result in the charge-off of TCF's $18.8 million investment in the leveraged lease and the current payment of previously deferred income tax obligations.

                                                   Three Months Ended
                                                        March 31,
                                                   -------------------
($ in thousands)                                     2005      2004
                                                   --------- ---------
Allowance for loan and lease losses:
 Balance at beginning of period                    $79,878   $76,619
   Net (charge-offs) recoveries:
     Consumer home equity and other                 (1,308)     (574)
     Commercial real estate                            (37)       33
     Commercial business                             2,436       (73)
     Leasing and equipment finance                    (614)      106
     Residential real estate                           (36)       (8)
                                                   --------  --------
        Total                                          441      (516)
   Provision for credit losses                      (3,436)    1,160
   Acquired allowance                                    -     1,791
                                                   --------  --------
 Balance at end of period                          $76,883   $79,054
                                                   ========  ========

 Key Indicators:
 ---------------
  Allowance for loans and leases as a percentage
   of total loans and leases                           .80 %     .92 %
  Annualized net (recoveries) charge-offs as a
   percentage of average loans and leases             (.02)%     .02 %
  Period-end allowance as a multiple of annualized
   net charge-offs                                     N.M.     38.3 X
  Income before income taxes and provision for
   loan losses as a multiple of net charge-offs        N.M.    180.2 X


--------------------------------------------------
N.M.  Not meaningful.

Mortgage Banking

At March 31, 2005, TCF's mortgage servicing portfolio totaled $4.3 billion and the mortgage servicing rights asset totaled $43.5 million, or 1 percent of the related servicing portfolio, down from $5 billion and $50.7 million, respectively, at March 31, 2004. The following table summarizes the components of mortgage banking revenues.

                                   Three Months Ended
                                       March 31,           Change
                                   ------------------ ----------------
($ in thousands)                      2005     2004      $        %
                                   ---------- ------- -------- -------

Servicing income                      $3,894  $4,625    $(731) (15.8)%
Less mortgage servicing rights:
   Amortization                        2,941   3,676     (735)  (20.0)
                                   ---------- ------- --------
        Net servicing income             953     949        4     0.4
                                   ---------- ------- --------
Gains on sales of loans (1)                -   2,136   (2,136) (100.0)
Other income                             189     370     (181)  (48.9)
                                   ---------- ------- --------
   Total mortgage banking revenue     $1,142  $3,455  $(2,313)  (66.9)
                                   ========== ======= ========

----------------------------------
(1) TCF's mortgage banking business no longer originates or sells
    loans.

Income Taxes

TCF's income tax expense was $33.1 million for the first quarter of 2005, or 34.25 percent of income before income tax expense, compared with $31.1 million, or 33.92 percent, for the comparable 2004 period. The higher effective income tax rate in the first quarter of 2005 compared with the first quarter of 2004 is primarily due to higher state and local income taxes.

Capital

TCF repurchased 1.8 million shares of its common stock during the first quarter of 2005 at an average cost of $28.10 per share. TCF has 1.7 million shares remaining in its stock repurchase program authorized by its Board of Directors. Since 1997, TCF has repurchased 56 million shares of its stock, at an average cost of $17.92 per share.

($ in thousands, except per-share      At March 31,   At December 31,
 data)                                     2005             2004
                                     ---------------- ----------------

Stockholders' equity                 $926,343         $958,418
Stockholders' equity to total assets     7.28%            7.77%
Book value per common share             $6.85            $6.99

Total risk-based capital             $987,455  10.90% $958,900  10.88%
Total risk-based capital "well-
 capitalized" requirement            $905,771  10.00% $881,481  10.00%
Excess risk-based capital over "well-
 capitalized" requirement             $81,684    .90%  $77,419    .88%

Website Information

A live webcast of TCF's conference call to discuss first quarter earnings will be hosted at TCF's website, www.TCFExpress.com, on April 20, 2005 at 10:00 a.m., CDT. 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 $12.7 billion in assets. TCF has 430 banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide leasing and equipment finance, 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 standards or interpretations of existing standards, or monetary, fiscal or tax policies of the federal or state governments; adverse findings in tax audits; 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; imposition of vicarious liability on TCF as lessor in its leasing operations; denial of insurance coverage for claims made by TCF; 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
                                    March 31,
                               -------------------
                                 2005      2004    $ Change % Change
                               --------- --------- -------- ---------
Interest income:
  Loans and leases             $146,544  $125,273  $21,271      17.0 %
  Securities available for sale  21,495    20,332    1,163       5.7
  Loans held for sale             2,254     2,841     (587)    (20.7)
  Investments                     1,052       773      279      36.1
                               --------- --------- --------
    Total interest income       171,345   149,219   22,126      14.8
                               --------- --------- --------
Interest expense:
  Deposits                       15,938    10,539    5,399      51.2
  Borrowings                     26,354    20,187    6,167      30.5
                               --------- --------- --------
    Total interest expense       42,292    30,726   11,566      37.6
                               --------- --------- --------
      Net interest income       129,053   118,493   10,560       8.9
Provision for credit losses      (3,436)    1,160   (4,596)      N.M.
                               --------- --------- --------
    Net interest income after
     provision for credit
     losses                     132,489   117,333   15,156      12.9
                               --------- --------- --------
Non-interest income:
  Fees and service charges       57,031    59,659   (2,628)     (4.4)
  Card revenue                   17,642    13,491    4,151      30.8
  ATM revenue                     9,732     9,997     (265)     (2.7)
  Investments and insurance
   revenue                        2,853     3,462     (609)    (17.6)
                               --------- --------- --------
    Subtotal                     87,258    86,609      649        .7
  Leasing and equipment finance  10,693    10,167      526       5.2
  Mortgage banking                1,142     3,455   (2,313)    (66.9)
  Other                           7,816     2,228    5,588       N.M.
                               --------- --------- --------
    Fees and other revenue      106,909   102,459    4,450       4.3
  Gains on sales of securities
   available for sale             5,239    12,717   (7,478)    (58.8)
                               --------- --------- --------
      Total non-interest income 112,148   115,176   (3,028)     (2.6)
                               --------- --------- --------
Non-interest expense:
  Compensation and employee
   benefits                      81,451    78,879    2,572       3.3
  Occupancy and equipment        25,379    23,490    1,889       8.0
  Advertising and promotions      6,247     5,910      337       5.7
  Deposit losses                  3,661     4,178     (517)    (12.4)
  Other                          31,373    28,249    3,124      11.1
                               --------- --------- --------
    Total non-interest expense  148,111   140,706    7,405       5.3
                               --------- --------- --------
      Income before income tax
       expense                   96,526    91,803    4,723       5.1
Income tax expense               33,061    31,142    1,919       6.2
                               --------- --------- --------
      Net income                $63,465   $60,661   $2,804       4.6
                               ========= ========= ========

Earnings per common share:
  Basic                            $.47      $.44     $.03       6.8
                               ========= ========= ========
  Diluted                          $.47      $.44     $.03       6.8
                               ========= ========= ========

Dividends declared per common
 share                           $.2125    $.1875    $.025      13.3
                               ========= ========= ========

Average common and common
 equivalent
  shares outstanding (in
   thousands):
    Basic                       133,990   137,982   (3,992)     (2.9)
                               ========= ========= ========
    Diluted                     134,392   138,554   (4,162)     (3.0)
                               ========= ========= ========


N.M. Not meaningful.



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


                                                       % Change from
                                                       --------------
                     At           At           At       Dec.   March
                 March 31,   December 31,  March 31,    31,     31,
                    2005         2004         2004      2004    2004
                ------------ ------------ ------------ ------  ------

ASSETS

Cash and due
 from banks        $323,996     $359,798     $368,409  (10.0)% (12.1)%
Investments         105,404      103,226      411,934    2.1   (74.4)
Securities
 available for
 sale             1,785,520    1,619,941    1,269,293   10.2    40.7
Loans held for
 sale               215,991      154,279      377,926   40.0   (42.8)
Loans and
 leases:
  Consumer home
   equity and
   other          4,601,418    4,418,588    3,821,648    4.1    20.4
  Commercial
   real estate    2,193,513    2,154,396    1,963,815    1.8    11.7
  Commercial
   business         409,219      424,135      428,588   (3.5)   (4.5)
  Leasing and
   equipment
   finance        1,397,959    1,375,372    1,256,377    1.6    11.3
                ------------ ------------ ------------
    Subtotal      8,602,109    8,372,491    7,470,428    2.7    15.1
  Residential
   real estate      950,469    1,014,166    1,152,357   (6.3)  (17.5)
                ------------ ------------ ------------
    Total loans
     and leases   9,552,578    9,386,657    8,622,785    1.8    10.8
  Allowance for
   loan and
   lease losses     (76,883)     (79,878)     (79,054)   3.7     2.7
                ------------ ------------ ------------
    Net loans
     and leases   9,475,695    9,306,779    8,543,731    1.8    10.9
Premises and
 equipment          328,081      326,667      290,478     .4    12.9
Goodwill            152,599      152,599      152,599      -       -
Mortgage
 servicing
 rights              43,501       46,442       50,726   (6.3)  (14.2)
Other assets        302,421      270,836      259,223   11.7    16.7
                ------------ ------------ ------------
                $12,733,208  $12,340,567  $11,724,319    3.2     8.6
                ============ ============ ============

LIABILITIES AND
 STOCKHOLDERS' EQUITY

Deposits:
  Checking       $4,020,601   $3,905,987   $3,527,674    2.9    14.0
  Savings         2,063,415    1,927,872    1,979,170    7.0     4.3
  Money market      625,511      659,686      821,913   (5.2)  (23.9)
                ------------ ------------ ------------
    Subtotal      6,709,527    6,493,545    6,328,757    3.3     6.0
  Certificates
   of deposit     1,685,486    1,468,650    1,540,371   14.8     9.4
                ------------ ------------ ------------
    Total
     deposits     8,395,013    7,962,195    7,869,128    5.4     6.7
                ------------ ------------ ------------
Short-term
 borrowings         878,390    1,056,111      469,663  (16.8)   87.0
Long-term
 borrowings       2,098,878    2,048,492    2,037,424    2.5     3.0
                ------------ ------------ ------------
    Total
     borrowings   2,977,268    3,104,603    2,507,087   (4.1)   18.8
Accrued expenses
 and other
 liabilities        434,584      315,351      382,154   37.8    13.7
                ------------ ------------ ------------
    Total
     liabilities 11,806,865   11,382,149   10,758,369    3.7     9.7
                ------------ ------------ ------------
Stockholders'
 equity:
  Common stock,
   par value $.01
   per share,
   280,000,000
   shares
   authorized;
   184,477,297;
   184,939,094 and
   185,008,164
   shares issued      1,845        1,849          925    (.2)   99.5
  Additional
   paid-in capital  497,736      518,741      516,902   (4.0)   (3.7)
  Retained
   earnings,
   subject to
   certain
   restrictions   1,420,258    1,385,760    1,269,229    2.5    11.9
  Accumulated
   other
   comprehensive
   (loss) income    (14,756)      (1,415)      12,827    N.M.    N.M.
  Treasury stock
   at cost,
   49,208,234;
   47,752,934
   and 43,992,140
   shares, and
   other           (978,740)    (946,517)    (833,933)   3.4    17.4
       Total    ------------ ------------ ------------
        stock-
        holders'
        equity      926,343      958,418      965,950   (3.3)   (4.1)
                ------------ ------------ ------------
                $12,733,208  $12,340,567  $11,724,319    3.2     8.6
                ============ ============ ============

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 Three Months Ended
                                             March 31, 2005
                                  ------------------------------------

                                                      Net Charge-offs
                                            Allowance (Recoveries) (1)
                                            as a % of ----------------
                                  Allowance Portfolio     $       %
                                  --------- --------- --------- ------
 Consumer home equity and other     $7,716       .17%   $1,308    .12%
 Commercial real estate             20,857       .95        37    .01
 Commercial business                 6,769      1.65    (2,436) (2.39)
 Leasing and equipment finance      24,703      1.77       614    .18
 Unallocated                        16,139       n/a         -      -
                                  ---------           ---------
    Subtotal                        76,184       .89      (477)  (.02)
 Residential real estate               699       .07        36    .01
                                  ---------           ---------
    Total                          $76,883       .80     $(441)  (.02)
                                  =========           =========


                                        At or For the Year Ended
                                           December 31, 2004
                                  ------------------------------------

                                            Allowance  Net Charge-offs
                                            as a % of ----------------
                                  Allowance Portfolio    $        %
                                  --------- --------- -------- -------
 Consumer home equity and other     $9,939       .22%  $3,232     .08%
 Commercial real estate             20,742       .96      476     .02
 Commercial business                 7,696      1.81      153     .04
 Leasing and equipment finance      24,566      1.79    5,545     .43
 Unallocated                        16,139       n/a        -     n/a
                                  ---------           --------
    Subtotal                        79,082       .94    9,406     .12
 Residential real estate               796       .08       73     .01
                                  ---------           --------
    Total                          $79,878       .85   $9,479     .11
                                  =========           ========



Non-performing assets:                                 Change from
-----------------------   At        At       At     ------------------
                       March 31, Dec. 31, March 31, Dec. 31, March 31,
                         2005      2004     2004       2004      2004
                       --------- -------- --------- -------- ---------

 Non-accrual loans and
  leases:
    Consumer home
     equity and other   $10,772  $12,187   $14,428  $(1,415)  $(3,656)
    Commercial real
     estate                 927    1,093     3,120     (166)   (2,193)
    Commercial business   2,940    4,533     3,102   (1,593)     (162)
    Leasing and
     equipment finance   27,706   25,678    11,863    2,028    15,843
    Residential real
     estate               2,586    3,387     4,473     (801)   (1,887)
                       --------- -------- --------- -------- ---------
      Total non-accrual
       loans and leases  44,931   46,878    36,986   (1,947)    7,945
                       --------- -------- --------- -------- ---------
 Other real estate
  owned:
    Residential real
     estate              12,890   11,726    18,960    1,164    (6,070)
    Commercial real
     estate               5,568    5,465    11,549      103    (5,981)
                       --------- -------- --------- -------- ---------
      Total other real
       estate owned      18,458   17,191    30,509    1,267   (12,051)
                       --------- -------- --------- -------- ---------
    Total non-
     performing assets  $63,389  $64,069   $67,495    $(680)  $(4,106)
                       ========= ======== ========= ======== =========



Over 30-day
 delinquency
 data (2):
----------    At March 31,       At December 31,      At March 31,
                  2005                2004                2004
           ------------------- ------------------- -------------------

           Principal   % of    Principal   % of    Principal   % of
           Balances  Portfolio Balances  Portfolio Balances  Portfolio
           --------- --------- --------- --------- --------- ---------
 Consumer
  home
  equity
  and other $15,045       .33%  $15,436       .35%  $14,262       .37%
 Commercial
  real
  estate        349       .02        32         -       319       .02
 Commercial
  business    1,072       .26       404       .10       128       .03
 Leasing and
  equipment
  finance     6,962       .51     8,997       .67    12,716      1.02
 Residential
  real
  estate      9,114       .96     9,516       .94     6,499       .57
           ---------           ---------           ---------
  Total     $32,542       .34   $34,385       .37   $33,924       .40
           =========           =========           =========



Potential Problem Loans
 and Leases (3):
-----------------------
                                                       Change from
                          At        At       At     ------------------
                       March 31, Dec. 31, March 31, Dec. 31, March 31,
                         2005      2004     2004      2004     2004
                       --------- -------- --------- -------- ---------
 Commercial real estate $37,114  $34,138   $30,316   $2,976    $6,798
 Commercial business     18,307   18,112    13,072      195     5,235
 Leasing and equipment
  finance                12,200   18,816    15,043   (6,616)   (2,843)
                       --------- -------- --------- -------- ---------
                        $67,621  $71,066   $58,431  $(3,445)   $9,190
                       ========= ======== ========= ======== =========

(1) Annualized.

(2) Excludes non-accrual loans and leases.

(3) 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 March 31,
           -----------------------------------------------------------
                       2005                          2004
           ----------------------------- -----------------------------
                                  Yields                        Yields
                                    and                           and
             Average              Rates    Average              Rates
             Balance    Interest    (1)    Balance    Interest    (1)
           ------------ --------- ------ ------------ --------- ------

ASSETS

 Investments  $106,006    $1,052   4.01%    $141,770      $773   2.19%
 Securities
  available
  for sale   1,663,412    21,495   5.17    1,519,374    20,332   5.35
 Loans held
  for sale     207,430     2,254   4.41      359,238     2,841   3.18
 Loans and
  leases:
  Consumer
   home
   equity -
   variable
   rate      2,701,729    42,725   6.41    2,214,972    29,993   5.45
  Consumer
   home
   equity -
   fixed
   rate      1,755,164    29,144   6.73    1,449,827    25,489   7.07
  Consumer
   - other      36,046       785   8.83       41,262       824   8.03
           ------------ ---------        ------------ ---------
   Total
    consumer
    home equity
    and
    other    4,492,939    72,654   6.56    3,706,061    56,306   6.11
  Commercial
   real estate -
   variable
   rate        641,018     8,169   5.17      576,091     5,725   4.00
  Commercial
   real estate -
   fixed and
   adjustable
   rate      1,527,318    22,767   6.05    1,366,403    20,798   6.12
           ------------ ---------        ------------ ---------
   Total
    commercial
    real
    estate   2,168,336    30,936   5.79    1,942,494    26,523   5.49
  Commercial
   business
   - variable
   rate        332,555     4,117   5.02      332,685     3,048   3.68
  Commercial
   business
   - fixed and
   adjustable
   rate         74,968     1,044   5.65       95,139     1,293   5.47
           ------------ ---------        ------------ ---------
   Total
    commercial
    business   407,523     5,161   5.14      427,824     4,341   4.08
  Leasing
   and
   equipment
   finance   1,389,541    23,791   6.85    1,194,235    20,868   6.99
           ------------ ---------        ------------ ---------
   Subtotal  8,458,339   132,542   6.34    7,270,614   108,038   5.97
  Residential
   real
   estate      984,764    14,002   5.70    1,193,435    17,235   5.78
           ------------ ---------        ------------ ---------
   Total
    loans
    and
    leases   9,443,103   146,544   6.27    8,464,049   125,273   5.94
           ------------ ---------        ------------ ---------

    Total
     interest-
     earning
     assets 11,419,951   171,345   6.06   10,484,431   149,219   5.71
           ------------ ---------        ------------ ---------

 Other
  assets     1,074,025                     1,041,213
           ------------                  ------------

  Total
   assets  $12,493,976                   $11,525,644
           ============                  ============

LIABILITIES AND
 STOCKHOLDERS' EQUITY

 Non-interest
  bearing
  deposits:
  Retail    $1,571,740                    $1,473,772
  Small
   business    547,060                       457,047
  Commercial
   and
   custodial   313,635                       324,857
           ------------                  ------------
   Total
    non-
    interest
    bearing
    deposits 2,432,435                     2,255,676
 Interest-
  bearing
  deposits:
  Premier
   checking    459,385     2,105   1.86       49,184       196   1.60
  Other
   checking  1,089,541       363    .14    1,138,680       213    .08
           ------------ ---------        ------------ ---------
   Subtotal  1,548,926     2,468    .65    1,187,864       409    .14
  Premier
   savings     281,529     1,651   2.38            -         -      -
  Other
   savings   1,606,560     1,645    .42    1,809,138     1,734    .39
           ------------ ---------        ------------ ---------
   Subtotal  1,888,089     3,296    .71    1,809,138     1,734    .39
  Money
   market      647,197     1,071    .67      832,695       768    .37
           ------------ ---------        ------------ ---------
   Subtotal  4,084,212     6,835    .68    3,829,697     2,911    .31
  Certificates
   of
   deposit   1,592,682     9,103   2.32    1,580,107     7,628   1.94
           ------------ ---------        ------------ ---------
   Total
    interest-
    bearing
    deposits 5,676,894    15,938   1.14    5,409,804    10,539    .78
           ------------ ---------        ------------ ---------

    Total de-
     posits  8,109,329    15,938    .80    7,665,480    10,539    .55
           ------------ ---------        ------------ ---------

 Borrowings:
  Short-term
   borrowings  974,853     6,080   2.53      735,475     2,350   1.29
  Long-term
   borrow-
   ings      2,115,369    20,274   3.88    1,812,508    17,837   3.96
           ------------ ---------        ------------ ---------
    Total
     borrow-
     ings    3,090,222    26,354   3.46    2,547,983    20,187   3.19
           ------------ ---------        ------------ ---------

  Total
   deposits
   and
   borrow-
   ings     11,199,551    42,292   1.53   10,213,463    30,726   1.21
           ------------ ---------        ------------ ---------

 Other
  liabilities  360,362                       375,192
           ------------                  ------------

  Total
   liabil-
   ities    11,559,913                    10,588,655

 Stock-
  holders'
  equity       934,063                       936,989
           ------------                  ------------

  Total
   liabilities
   and stock-
   holders'
   equity  $12,493,976                   $11,525,644
           ============                  ============


Net interest
 income and
 margin                 $129,053   4.56%              $118,493   4.52%
                        ========= ======              ========= ======

(1) Annualized.



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


                                    Three Months Ended
                     -------------------------------------------------
                     Mar. 31,  Dec. 31,  Sep. 30,  Jun. 30,  Mar. 31,
                       2005      2004      2004      2004      2004
                     --------- --------- --------- --------- ---------
Interest income:
  Loans and leases   $146,544  $140,469  $133,295  $128,141  $125,273
  Securities
   available for sale  21,495    19,484    20,414    20,413    20,332
  Loans held for sale   2,254     2,421     2,931     3,340     2,841
  Investments           1,052     1,014       773       895       773
                     --------- --------- --------- --------- ---------
    Total interest
     income           171,345   163,388   157,413   152,789   149,219
                     --------- --------- --------- --------- ---------
Interest expense:
  Deposits             15,938    12,250    10,318     9,474    10,539
  Borrowings           26,354    24,649    22,605    20,896    20,187
                     --------- --------- --------- --------- ---------
    Total interest
     expense           42,292    36,899    32,923    30,370    30,726
                     --------- --------- --------- --------- ---------
      Net interest
       income         129,053   126,489   124,490   122,419   118,493
Provision for credit
 losses                (3,436)    4,073     2,644     3,070     1,160
                     --------- --------- --------- --------- ---------
    Net interest
     income after
     provision for
     credit losses    132,489   122,416   121,846   119,349   117,333
                     --------- --------- --------- --------- ---------
Non-interest income:
  Fees and service
   charges             57,031    67,385    71,353    73,116    59,659
  Card revenue         17,642    17,609    16,339    16,024    13,491
  ATM revenue           9,732    10,326    11,474    11,138     9,997
  Investments and
   insurance revenue    2,853     2,609     3,057     3,430     3,462
                     --------- --------- --------- --------- ---------
    Subtotal           87,258    97,929   102,223   103,708    86,609
  Leasing and
   equipment finance   10,693    21,047     6,864    12,245    10,167
  Mortgage banking      1,142      (122)    4,132     5,495     3,455
  Other                 7,816     7,457     2,584     1,845     2,228
                     --------- --------- --------- --------- ---------
    Fees and other
     revenue          106,909   126,311   115,803   123,293   102,459
  Gains on sales of
   securities
   available for sale   5,239     6,204     3,679         -    12,717
                     --------- --------- --------- --------- ---------
      Total non-
       interest
       income         112,148   132,515   119,482   123,293   115,176
                     --------- --------- --------- --------- ---------
Non-interest expense:
  Compensation and
   employee benefits   81,451    86,338    78,010    79,597    78,879
  Occupancy and
   equipment           25,379    25,057    23,673    23,397    23,490
  Advertising and
   promotions           6,247     6,568     7,377     6,498     5,910
  Deposit losses        3,661     5,675     7,421     5,350     4,178
  Other                31,373    30,758    31,445    29,064    28,249
                     --------- --------- --------- --------- ---------
    Total non-interest
     expense          148,111   154,396   147,926   143,906   140,706
                     --------- --------- --------- --------- ---------
      Income before
       income tax
       expense         96,526   100,535    93,402    98,736    91,803
Income tax expense     33,061    33,133    31,690    33,518    31,142
                     --------- --------- --------- --------- ---------
    Net income        $63,465   $67,402   $61,712   $65,218   $60,661
                     ========= ========= ========= ========= =========

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

Dividends declared
 per common share      $.2125    $.1875    $.1875    $.1875    $.1875
                     ========= ========= ========= ========= =========

Financial Ratios:
--------------------

Return on average
 assets(1)               2.03%     2.22%     2.06%     2.20%     2.11%
Return on average
 common equity(1)       27.18     28.35     25.96     27.68     25.90
Net interest margin(1)   4.56      4.56      4.56      4.53      4.52
Net charge-offs
 (recoveries) as a
 percentage of average
 loans and leases(1)     (.02)      .14       .17       .10       .02
Average total equity
 to average assets       7.48      7.81      7.94      7.95      8.13

(1) Annualized.



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

                                  Mar. 31,     Dec. 31,    Sept. 30,
                                    2005         2004         2004
                                ------------ ------------ ------------
ASSETS

Cash and due from banks            $332,800     $350,497     $351,383
Investments                         106,006      105,603       94,910
Securities available for sale     1,663,412    1,534,776    1,545,768
Loans held for sale                 207,430      254,617      327,953
Loans and leases:
  Consumer home equity -
   variable rate                  2,701,729    2,699,156    2,547,648
  Consumer home equity - fixed    1,755,164    1,571,494    1,512,853
  Consumer - other                   36,046       37,403       39,068
                                ------------ ------------ ------------
    Total consumer home equity
     and other                    4,492,939    4,308,053    4,099,569
  Commercial real estate -
   variable rate                    641,018      619,765      607,075
  Commercial real estate - fixed
   and adjustable rate            1,527,318    1,474,247    1,405,715
                                ------------ ------------ ------------
    Total commercial real estate  2,168,336    2,094,012    2,012,790
  Commercial business - variable
   rate                             332,555      353,752      344,871
  Commercial business - fixed
   and adjustable rate               74,968       76,906       95,139
                                ------------ ------------ ------------
    Total commercial business       407,523      430,658      440,010
  Leasing and equipment finance   1,389,541    1,341,985    1,320,495
                                ------------ ------------ ------------
    Subtotal                      8,458,339    8,174,708    7,872,864
  Residential real estate           984,764    1,027,302    1,076,619
                                ------------ ------------ ------------
    Total loans and leases        9,443,103    9,202,010    8,949,483
  Allowance for loan and lease
   losses                           (79,918)     (79,502)     (80,077)
                                ------------ ------------ ------------
    Net loans and leases          9,363,185    9,122,508    8,869,406
Premises and equipment              328,336      322,492      313,068
Goodwill                            152,599      152,599      152,599
Mortgage servicing rights            45,101       49,746       51,380
Other assets                        295,107      276,498      269,091
                                ------------ ------------ ------------
                                $12,493,976  $12,169,336  $11,975,558
                                ============ ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
  Retail                         $1,571,740   $1,493,344   $1,512,434
  Small business                    547,060      557,103      525,466
  Commercial and custodial          313,635      332,228      329,329
                                ------------ ------------ ------------
    Total non-interest bearing
     deposits                     2,432,435    2,382,675    2,367,229
Interest-bearing deposits:
  Premier checking                  459,385      343,266      248,217
  Other checking                  1,089,541    1,106,934    1,140,098
                                ------------ ------------ ------------
    Subtotal                      1,548,926    1,450,200    1,388,315
  Premier savings                   281,529      198,769      109,681
  Other savings                   1,606,560    1,621,810    1,717,789
                                ------------ ------------ ------------
    Subtotal                      1,888,089    1,820,579    1,827,470
  Money market                      647,197      685,885      738,769
                                ------------ ------------ ------------
    Subtotal                      4,084,212    3,956,664    3,954,554
  Certificates of deposit         1,592,682    1,469,735    1,458,905
                                ------------ ------------ ------------
    Total interest-bearing
     deposits                     5,676,894    5,426,399    5,413,459
                                ------------ ------------ ------------
    Total deposits                8,109,329    7,809,074    7,780,688
                                ------------ ------------ ------------
Borrowings:
  Short-term borrowings             974,853    1,003,746      824,955
  Long-term borrowings            2,115,369    2,045,505    2,059,525
                                ------------ ------------ ------------
    Total borrowings              3,090,222    3,049,251    2,884,480
Accrued expenses and other
 liabilities                        360,362      360,004      359,488
                                ------------ ------------ ------------
    Total liabilities            11,559,913   11,218,329   11,024,656
                                ------------ ------------ ------------
Stockholders' equity:
  Common stock                        1,846        1,850        1,206
  Additional paid-in capital        503,762      518,012      517,020
  Retained earnings               1,394,163    1,360,169    1,318,461
  Accumulated other
   comprehensive (loss) income       (4,139)        (527)      (2,781)
  Treasury stock at cost and
   other                           (961,569)    (928,497)    (883,004)
                                ------------ ------------ ------------
                                    934,063      951,007      950,902
                                ------------ ------------ ------------
                                $12,493,976  $12,169,336  $11,975,558
                                ============ ============ ============

Supplemental Information:
--------------------------------
Residential real estate loans      $984,764   $1,027,302   $1,076,619
Securities available for sale     1,663,412    1,534,776    1,545,768
                                ------------ ------------ ------------
  Total residential real estate
   loans and securities
   available for sale            $2,648,176   $2,562,078   $2,622,387
                                ============ ============ ============


                                  Jun. 30,     Mar. 31,
                                    2004         2004
                                ------------ ------------
ASSETS

Cash and due from banks            $347,551     $326,731
Investments                         157,591      141,770
Securities available for sale     1,546,694    1,519,374
Loans held for sale                 385,193      359,238
Loans and leases:
  Consumer home equity -
   variable rate                  2,363,947    2,214,972
  Consumer home equity - fixed    1,501,317    1,449,827
  Consumer - other                   38,930       41,262
                                ------------ ------------
    Total consumer home equity
     and other                    3,904,194    3,706,061
  Commercial real estate -
   variable rate                    603,793      576,091
  Commercial real estate - fixed
   and adjustable rate            1,381,705    1,366,403
                                ------------ ------------
    Total commercial real estate  1,985,498    1,942,494
  Commercial business - variable
   rate                             333,463      332,685
  Commercial business - fixed
   and adjustable rate               95,139       95,139
                                ------------ ------------
    Total commercial business       428,602      427,824
  Leasing and equipment finance   1,285,989    1,194,235
                                ------------ ------------
    Subtotal                      7,604,283    7,270,614
  Residential real estate         1,123,062    1,193,435
                                ------------ ------------
    Total loans and leases        8,727,345    8,464,049
  Allowance for loan and lease
   losses                           (79,169)     (77,655)
                                ------------ ------------
    Net loans and leases          8,648,176    8,386,394
Premises and equipment              297,492      287,322
Goodwill                            152,599      146,678
Mortgage servicing rights            50,876       51,432
Other assets                        270,106      306,705
                                ------------ ------------
                                $11,856,278  $11,525,644
                                ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
  Retail                         $1,538,051   $1,473,771
  Small business                    492,305      457,047
  Commercial and custodial          383,630      324,858
                                ------------ ------------
    Total non-interest bearing
     deposits                     2,413,986    2,255,676
Interest-bearing deposits:
  Premier checking                  151,801       49,184
  Other checking                  1,175,623    1,138,680
                                ------------ ------------
    Subtotal                      1,327,424    1,187,864
  Premier savings                    31,949            -
  Other savings                   1,806,267    1,809,138
                                ------------ ------------
    Subtotal                      1,838,216    1,809,138
  Money market                      799,485      832,695
                                ------------ ------------
    Subtotal                      3,965,125    3,829,697
  Certificates of deposit         1,467,654    1,580,107
                                ------------ ------------
    Total interest-bearing
     deposits                     5,432,779    5,409,804
                                ------------ ------------
    Total deposits                7,846,765    7,665,480
                                ------------ ------------
Borrowings:
  Short-term borrowings             669,938      735,475
  Long-term borrowings            2,017,232    1,812,508
                                ------------ ------------
    Total borrowings              2,687,170    2,547,983
Accrued expenses and other
 liabilities                        379,965      375,192
                                ------------ ------------
    Total liabilities            10,913,900   10,588,655
                                ------------ ------------
Stockholders' equity:
  Common stock                          925          925
  Additional paid-in capital        516,990      517,203
  Retained earnings               1,282,080    1,243,968
  Accumulated other
   comprehensive (loss) income      (11,666)      11,784
  Treasury stock at cost and
   other                           (845,951)    (836,891)
                                ------------ ------------
                                    942,378      936,989
                                ------------ ------------
                                $11,856,278  $11,525,644
                                ============ ============

Supplemental Information:
--------------------------------
Residential real estate loans    $1,123,062   $1,193,435
Securities available for sale     1,546,694    1,519,374
                                ------------ ------------
  Total residential real estate
   loans and securities
   available for sale            $2,669,756   $2,712,809
                                ============ ============
    CONTACT: TCF Financial Corporation
, Wayzata
             Jason Korstange, 952-745-2755
             www.TCFExpress.com

    SOURCE: TCF Financial Corporation

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