Stock to Keep Your Eyes on: TCF Financial Corporation (NYSE:TCB)

TCF Financial Corporation (NYSE:TCB) reported earnings for the three months ended Mar2016 on April 21, 2016. The company earned $0.26 per share on revenue of $211.66M. Analysts had been modeling earning per share of $0.25 with $209.56M in revenue.

TCF Financial Corporation (“TCF” or the “Company”) (TCB) reported net income of $48.0 million for the first quarter of 2016, compared with net income of $39.8 million for the first quarter of 2015, and net income of $52.5 million for the fourth quarter of 2015. Diluted earnings per common share was 26 cents for the first quarter of 2016, compared with 21 cents for the first quarter of 2015, and 29 cents for the fourth quarter of 2015.

“TCF reported strong first quarter results as we continued to emphasize our four strategic pillars of diversification, profitable growth, operating leverage and core funding, in all areas of the organization,” said Craig R. Dahl, president and chief executive officer. “Our consistent and sustainable loan and lease origination capabilities, funded by a growing deposit base, continued to drive revenue growth and diversification. Meanwhile, credit quality showed additional improvement as net charge-offs, delinquencies as a percentage of portfolio and non-performing assets all decreased during the quarter. Finally, we took another step toward improving our operating efficiencies by announcing, as part of extending our retail banking relationship with Jewel-Osco, plans to close 33 in-store branches in Chicago, replacing them with full function, image-enabled ATMs.

TCF Financial Corporation earnings per share showed an increasing trend of 13.3% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 127%.Analysts project EPS growth over the next 5 years at 7.26%. It has EPS annual decline over the past 5 fiscal years of -0.2% when sales declined -1.7. It reported 5.7% sales growth, and 22.1% EPS growth in the last quarter.

The stock is trading at $14.37, up 39.35% from 52-week low of $10.37. The stock trades down -15.18% from its peak of $17.29 and 0% below the consensus price target of $14.37. Its volume clocked up at 1.1 million shares which is lower than the average volume of 1.25 million shares. Its market capitalization currently stands at $2.39B.