TCF Financial Corp. in Wayzata, Minn., reported earnings of $29.8 million in the second quarter, down 33% from a year earlier, as the company grapples with ways
to replace fee income.

Its diluted earnings per share of 19 cents fell two cents short of consensus estimates of analysts polled by Thomson Reuters. The $18.8 billion-asset company reported noninterest income of $114.1 million, down 16% from a year earlier. Fees and services charges fell 27%, to $56.4 million.

In a press release Thursday, William A. Cooper, TCF's chairman and chief executive said that the company plans to introduce new products and fee structure in the fourth quarter as a way to adapt with the new regulatory environment.

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