UPDATE: TCF Financial Posts Downbeat Q4 Profit

TCF Financial Corp

reported downbeat fourth-quarter profit. TCF Financial's quarterly earnings dropped to $16.4 million, or $0.10 per share, from $33.9 million, or $0.24 per share, in the year-ago period. However, analysts were expecting earnings of $0.14 per share. TCF Financial's card revenue declined 50.7% to 13.6 million. Its net interest income dropped 1.5% to $173.4 million. TCF Financial shares fell 1.12% to $11.49 in pre-market trading.