TCF Financial 8-K/A Results of Operations and Financial Condition

											Exhibit 99.1
18
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Dollars in thousands, except per-share data)
(Unaudited)
					Six Months Ended June 30,				Change
					2012		2011		$		%
Interest income:
	Loans and leases			$	414,750	$	428,496	$	(13,746)		(3.2)	%
	Securities available for sale				24,928		40,068		(15,140)		(37.8)
	Investments and other				6,066		3,637		2,429		66.8	*
		Total interest income			445,744		472,201		(26,457)		(5.6)
Interest expense:
	Deposits				19,258		23,434		(4,176)		(17.8)
	Borrowings				48,089		98,577		(50,488)		(51.2)
		Total interest expense			67,347		122,011		(54,664)		(44.8)
			Net interest income		378,397		350,190		28,207		8.1
Provision for credit losses					102,648		89,279		13,369		15.0
		Net interest income after provision for
			credit losses		275,749		260,911		14,838		5.7
Non-interest income:
	Fees and service charges				89,946		109,909		(19,963)		(18.2)
	Card revenue				26,737		54,803		(28,066)		(51.2)
	ATM revenue				12,475		13,796		(1,321)		(9.6)
		Subtotal			129,158		178,508		(49,350)		(27.6)
	Leasing and equipment finance				46,074		49,029		(2,955)		(6.0)
	Gains on sales of auto loans				7,746		-		7,746	*	N.M.	*
	Other				5,523		1,078		4,445	*	N.M.	*
		Fees and other revenue			188,501		228,615		(40,114)	*	(17.5)	*
	Gains (losses) on securities, net				89,727		(227)		89,954	*	N.M.	*
		Total non-interest income			278,228		228,388		49,840	*	21.8	*
Non-interest expense:
	Compensation and employee benefits				193,754		178,439		15,315	*	8.6	*
	Occupancy and equipment				64,977		62,942		2,035	*	3.2	*
	FDIC insurance				14,855		14,737		118	*	0.8	*
	Advertising and marketing				8,021		6,639		1,382	*	20.8	*
	Deposit account premiums				7,661		9,364		(1,703)	*	(18.2)	*
	Other				74,252		71,633		2,619	*	3.7	*
		Subtotal			363,520		343,754		19,766	*	5.8	*
	Loss on termination of debt				550,735		-		550,735	*	N.M.	*
	Foreclosed real estate and repossessed assets, net				23,106		25,485		(2,379)	*	(9.3)	*
	Operating lease depreciation				13,148		15,787		(2,639)	*	(16.7)	*
	Other credit costs, net				1,188		3,044		(1,856)	*	(61.0)	*
		Total non-interest expense			951,697		388,070		563,627	*	145.2	*
			(Loss) income before income tax expense		(397,720)		101,229		(498,949)	*	N.M.	*
Income tax (benefit) expense					(149,702)		37,858		(187,560)	*	N.M.	*
			(Loss) income after income tax expense		(248,018)		63,371		(311,389)	*	N.M.	*
	Income attributable to non-controlling interest				3,345		2,675		670	*	25.0	*
Net (loss) income available to common stockholders				$	(251,363)	$	60,696	$	(312,059)	*	N.M.	*
Other comprehensive (loss) income:
	Reclassification adjustment for securities gains
		included in net income			(76,967)		-		(76,967)		N.M.
	Unrealized holding gains arising during the
		period on securities available for sale			12,100		10,014		2,086		20.8
	Foreign currency hedge				(136)		(600)		464		(77.3)
	Foreign currency translation adjustment				61		534		(473)		(88.6)
	Recognized postretirement actuarial service cost
		and transition obligation			(14)		2		(16)		N.M.
	Income tax benefit (expense)				23,833		(3,458)		27,291		N.M.
		Total other comprehensive (loss) income			(41,123)		6,492		(47,615)		N.M.
Comprehensive (loss) income				$	(292,486)	$	67,188	$	(359,674)		N.M.
Net income per common share:
	Basic			$	(1.58)	$	.40	$	(1.98)		N.M.
	Diluted				(1.58)		.40		(1.98)		N.M.
Dividends declared per common share				$	.10	$	.10	$	-		-
Average common and common equivalent
	shares outstanding (in thousands):
		Basic			158,810		150,765		8,045		5.3
		Diluted			158,810		151,136		7,674	*	5.1
*		Updated to correct number originally reported in earnings release dated July 19, 2012.
N.M.		Not meaningful.