Earnings Per Common Share (Tables)

12 Months Ended

Dec. 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:

	Year Ended December 31,
(Dollars in thousands, except per share data)	2020		2019		2018
Basic earnings per common share:
Net income attributable to TCF Financial Corporation	$	222,759	$	295,468	$	304,358
Preferred stock dividends	9,975		9,975		11,588
Impact of preferred stock redemption(1)	—		—		3,481
Net income available to common shareholders	212,784		285,493		289,289
Less: Earnings allocated to participating securities	—		20		42
Earnings allocated to common stock	$	212,784	$	285,473	$	289,247
Weighted-average common shares outstanding used in basic earnings per common share calculation	151,812,393		111,604,094		84,133,983
Basic earnings per common share	$	1.40	$	2.56	$	3.44
Diluted earnings per common share:
Earnings allocated to common stock	$	212,784	$	285,473	$	289,247
Weighted-average common shares outstanding used in basic earnings per common share calculation	151,812,393		111,604,094		84,133,983
Net dilutive effect of:
Non-participating restricted stock	23,901		140,832		—
Stock options	51,265		73,439		1,184
Warrants	—		—		189,519
Weighted-average common shares outstanding used in diluted earnings per common share calculation	151,887,559		111,818,365		84,324,686
Diluted earnings per common share	$	1.40	$	2.55	$	3.43
Anti-dilutive shares outstanding not included in the computation of diluted earnings per common share
Non-participating restricted stock	2,086,305		1,288,539		1,028,942
Stock options	244,004		97,980		—

(1)Amounts represent the deferred stock issuance costs originally recorded in preferred stock that were reclassified to retained earnings.