Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Common Share

The computations of basic and diluted earnings per common share were as follows:

	Three Months Ended March 31,
(Dollars in thousands, except per share data)	2020		2019
Basic earnings per common share
Net income attributable to TCF Financial Corporation	$	51,899	$	70,494
Preferred stock dividends	2,493		2,493
Net income available to common shareholders	49,406		68,001
Less: Earnings allocated to participating securities	—		13
Earnings allocated to common stock	$	49,406	$	67,988
Weighted-average common shares outstanding used in basic earnings per common share calculation	151,902,357		82,245,577
Basic earnings per common share	$	0.33	$	0.83
Diluted earnings per common share
Earnings allocated to common stock	$	49,406	$	67,988
Weighted-average common shares outstanding used in basic earnings per common share calculation	151,902,357		82,245,577
Net dilutive effect of:
Non-participating restricted stock	83,580		—
Stock options	128,080		—
Weighted-average common shares outstanding used in diluted earnings per common share calculation	152,114,017		82,245,577
Diluted earnings per common share	$	0.32	$	0.83
Anti-dilutive shares outstanding not included in the computation of diluted earnings per common share
Non-participating restricted stock	1,173,331		956,589
Stock options	90,144		—