TCF Financial Corp. of Minneapolis said Thursday that its first-quarter earnings fell 44% from a year earlier, to $26.6 million, or 17 cents a share.

The $18 billion-asset company's provision for loan losses rose 46%, to $43.7 million, as chargeoffs climbed in residential mortgages, leasing and consumer finance. Net chargeoffs jumped 158%, to $34.9 million.

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