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 Video: What is a Stock Split?
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| TCF Financial is a bank holding company. Through its subsidiary, Co. provides retail banking and commercial banking products. Co.'s segments are: Consumer Banking, which is comprised of all of Co.'s consumer-facing businesses and includes retail banking, consumer real estate and auto finance; Wholesale Banking, which is comprised of commercial real estate and business lending, leasing and equipment finance and inventory finance; and Enterprise Services, which is comprised of corporate treasury, which includes Co.'s investment and borrowing portfolios and management of capital, debt and market risks. At Dec 31 2016, Co. had total assets of $21.44 billion and total deposits of $17.24 billion. According to our TCB split history records, TCB has had 3 splits. | |
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TCB (TCB) has 3 splits in our TCB split history database. The first split for TCB took place on December 01, 1995. This was a 2 for 1
split, meaning for each share of TCB owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. TCB's second split took place on December 01, 1997. This was a 2 for 1
split, meaning for each share of TCB owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. TCB's third split took place on September 07, 2004. This was a 2 for 1 split, meaning for each share of TCB owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as TCB splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the TCB split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TCB shares, starting with a $10,000 purchase of TCB, presented on a split-history-adjusted basis factoring in the complete TCB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/05/2013 |
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| End date: |
05/05/2017 |
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| Start price/share: |
$13.87 |
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| End price/share: |
$16.86 |
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| Starting shares: |
720.98 |
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| Ending shares: |
766.07 |
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| Dividends reinvested/share: |
$0.90 |
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| Total return: |
29.16% |
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| Average Annual Total Return: |
6.75% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,916.35 |
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| Years: |
3.92 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/05/2013 |
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| End date: |
05/05/2017 |
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| Start price/share: |
$13.87 |
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| End price/share: |
$16.86 |
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| Dividends collected/share: |
$0.90 |
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| Total return: |
28.05% |
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| Average Annual Total Return: |
6.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,802.96 |
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| Years: |
3.92 |
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| Date |
Ratio |
| 12/01/1995 | 2 for 1
| | 12/01/1997 | 2 for 1
| | 09/07/2004 | 2 for 1 |
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