TCF reported 2016 annual net income of $212.1 million was up 7.6% from $197.1 million a year earlier. 2016 revenue of $1.3 billion was up 4.1% from 2015. Net interest income of $848.1 million in 2016, was up 3.4% from $820.4 million a year earlier.

The following highlights were excerpted from the news release:

• 2016 loan and lease originations of $16.8 billion were up 10.3% from a year earlier.
• Leasing and equipment finance period-end Q4/16 of $4.34 billion was up from $4.01 billion or 8.1% at period-end Q4/15.
• The 2016 provision for credit losses of $65.9 million was up $13.0 million from $52.9 or 13.1% compared to 2015.
• Net interest margin of 4.34% in 2016, down from 4.42% in 2015.

“I am proud of the progress we have made and the successes we have achieved during 2016,” said Craig R. Dahl, president and chief executive officer. “We took significant strides toward driving the Company forward in ways that align with our four strategic pillars. Execution of our diversification philosophy has resulted in strong performance from a credit quality perspective. Our unique loan and lease origination capabilities allow us to grow profitably in a variety of markets. We generated positive operating leverage throughout the year as revenue growth steadily outpaced expense growth. We also continued to expand our deposit base which will be very beneficial should interest rates continue to increase.”