Regional mid-cap bank TCF Financial (NYSE:TCB) hasn't been shy about changing its business model to adapt to the new realities of the banking market. The company has cleared out a lot of its high-cost capital and shifted its operational focus towards a national specialty/niche lending platform with a low-cost local deposit base. The model TCF Financial is following carries above-average risks and the shares are not particularly cheap by convention means, but this bank looks poised to be an above-average grower at a time when bank earnings growth is hard to find.
Q1 Results Were Respectable
All things considered, TCF Financial had a pretty good quarterly report in a period where most banks are struggling to meet expectations....
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