Wayzata, Minnesota-based TCF Financial Corp. today reported its fourth quarter earnings were lower than 2015’s, in part due to lower fees and service charges.
TCF Financial operates TCF Bank, which has 18 branches in the Milwaukee area.
TCF’s fourth quarter net income was $50.1 million, or 27 cents per diluted share, down from $52.5 million, or 29 cents per share, in the fourth quarter of 2015.
Revenue was $327.1 million in the fourth quarter, up from $321.3 million in the year-ago period.
Interest income totaled $231.7 million, up from $225.5 million in the fourth quarter of 2015, while non-interest income was $115.7 million, flat from the year-ago period. Fees and service charges were down 6.9 percent year-over year, which the company attributed to consumer behavior changes and higher average checking account balances per customer.
Average loans and leases totaled…