BankFinancial Corporation Reports Financial Results for the Second Quarter 2021 and Will Host Conference Call and Webcast on Monday, August 2, 2021

Rhea-AI Summary

BankFinancial Corporation (Nasdaq: BFIN) reported a net income of $1.9 million, or $0.13 per share, for the second quarter of 2021, down from $2.4 million or $0.16 per share in Q2 2020. For the first half of 2021, net income was $3.4 million, or $0.23 per share, compared to $4.8 million or $0.32 per share in 2020. As of June 30, 2021, BankFinancial had total assets of $1.657 billion, total loans of $1.032 billion, and total deposits of $1.439 billion. The management will discuss these results in a conference call on August 2, 2021.

Positive

• Total assets reached $1.657 billion.
• Total loans were reported at $1.032 billion.
• Total deposits increased to $1.439 billion.

Negative

• Net income decreased by 20.83% year-over-year in Q2.
• Net income for the first half of 2021 dropped by 29.17% compared to last year.

BURR RIDGE, Ill., July 30, 2021 (GLOBE NEWSWIRE) -- BankFinancial Corporation (Nasdaq – BFIN) (the “BankFinancial”) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, and a Quarterly Financial and Statistical Supplement in Form 8-K with the U.S. Securities and Exchange Commission (the “SEC”) today.

BankFinancial reported net income for the three months ended June 30, 2021, of $1.9 million, or $0.13 per common share, compared to net income of $2.4 million, or $0.16 per common share, for the three months ended June 30, 2020.  BankFinancial also reported net income for the six months ended June 30, 2021, of $3.4 million, or $0.23 per common share, compared to net income of $4.8 million, or $0.32 per common share, for the six months ended June 30, 2020.  On June 30, 2021, BankFinancial had total assets of $1.657 billion, total loans of $1.032 billion, total deposits of $1.439 billion and stockholders' equity of $166 million.

The Quarterly Report on Form 10-Q and the Quarterly Financial and Statistical Supplement will be available today on BankFinancial's website, www.bankfinancial.com on the “Investor Relations” page, and through the EDGAR database on the SEC's website, www.sec.gov.  The Quarterly Financial and Statistical Supplement includes comparative GAAP and non-GAAP performance data and financial measures for the most recent five quarters.

BankFinancial's management will review second quarter 2021 results in a conference call and webcast for stockholders and analysts on Monday, August 2, 2021, at 9:30 a.m. Chicago, Illinois Time.  The conference call may be accessed by calling (844) 413-1780 using participant passcode 1887954. The conference call will be simultaneously webcast at www.bankfinancial.com, “Investor Relations” page.  For those unable to participate in the conference call, the webcast will be archived through Monday, August 16, 2021, on our website.

BankFinancial Corporation is the holding company for BankFinancial, NA, a national bank providing banking, wealth management and fiduciary services to individuals, families, and businesses in the Chicago metropolitan area and on a regional or national basis for commercial finance, equipment finance, commercial real estate finance and treasury management business customers.  BankFinancial Corporation's common stock trades on the Nasdaq Global Select Market under the symbol “BFIN.” Additional information may be found at the company's website, www.bankfinancial.com.

This release includes “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause BankFinancial’s actual results to differ from those expected at the time of this release. For a discussion of some of the factors that may cause actual results to differ from expectations, please refer to BankFinancial’s most recent Annual Report on Form 10-K as filed with the SEC, as supplemented by subsequent filings with the SEC. Investors are urged to review all information contained in these reports, including the risk factors discussed therein. Copies of these filings are available at no cost on the SEC's web site at www.sec.gov or on BankFinancial’s web site at www.bankfinancial.com. Forward looking statements speak only as of the date they are made, and we do not undertake to update them to reflect changes.

For Further Information Contact:
Shareholder, Analyst, and Investor Inquiries:			Media Inquiries:
Elizabeth A. Doolan Senior Vice President – Finance BankFinancial Corporation Telephone: 630-242-7151			Gregg T. Adams President – Marketing & Sales BankFinancial, NA Telephone: 630-242-7234

FAQ

What were BankFinancial's earnings for Q2 2021?

BankFinancial reported net income of $1.9 million, or $0.13 per share, for Q2 2021.

How does BankFinancial's Q2 2021 performance compare to Q2 2020?

In Q2 2020, BankFinancial had a net income of $2.4 million, or $0.16 per share, indicating a decline in Q2 2021.

What is the total assets of BankFinancial as of June 30, 2021?

As of June 30, 2021, BankFinancial's total assets were $1.657 billion.

When will BankFinancial hold its conference call to discuss Q2 results?

BankFinancial will hold its conference call on August 2, 2021, at 9:30 a.m. Chicago time.

What are the total deposits reported by BankFinancial as of June 30, 2021?

BankFinancial reported total deposits of $1.439 billion as of June 30, 2021.