TCF Financial Corp (TCF) performed poorly in the third quarter results, which was the first earnings report since the merger with Chemical Financial. The sharp plunge in earnings was attributable to a surge in non-interest expense that was not commensurate with the increase in net interest income. Moreover, certain one-off items reduced non-interest income, thereby pressuring the bottom-line. Going forward, improvement in earnings is anticipated as cost savings are expected to finally materialize in the latter part of 2020. In addition, the non-recurrence of one-off losses in the third quarter is expected to