DJ TCF Reports Higher Nonperforming Assets -- Market Talk
1646 ET - TCF Financial ended the latest quarter with more problem loans despite higher charge-offs. The banking company said its nonperforming assets made up 1.2% of its total loans at Sept. 30, compared with 0.94% at June 30. Net charge-offs were $24.6 million, up from $3.4 million in the second quarter. The company attributed the increase in charge-offs primarily to two commercial and industrial loans which accounted for $16.1 million of the charge-offs. The company\'s provision for credit losses was $69.7 million, down from $78.7 million in the second quarter. (robert.barba@wsj.com; @barbawire)
(END) Dow Jones Newswires
October 26, 2020 16:46 ET (20:46 GMT)
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DJ TCF Reports Higher Nonperforming Assets -- Market Talk 1646 ET - TCF Financial ended the latest quarter with more problem loans despite higher charge-...TCF Reports Higher Nonperforming Assets -- Market TalkDJ TCF Reports Higher Nonperforming Assets -- Market Talk 1646 ET - TCF Financial ended the latest quarter with more problem loans despite higher charge-offs. The banking company said its nonperfoTCF Reports Higher Nonperforming Assets
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