TCF Financial (TCB) in Wayzata, Minn., reported a significant increase in second-quarter earnings as a surge in automobile lending and improved asset quality offset a decline in fees from deposit accounts.

The $18.8 billion-asset company said Friday that it earned $53.1 million in the second quarter, an increase of 37% from a year earlier. Earnings per share climbed 38%, to 29 cents.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.