Welcome to our dedicated page for BankFinancial Corporation news (Ticker: BFIN), a resource for investors and traders seeking the latest updates and insights on BankFinancial Corporation stock.
BankFinancial Corporation (BFIN) is a national financial institution specializing in commercial, family, and personal banking services. Established in 1924, BankFinancial has a long history of assisting customers from diverse backgrounds in achieving their financial goals. The bank provides a comprehensive suite of financial products and services, including loans, deposits, trust services, and investment tools.
BankFinancial operates through multiple full-service banking offices located in Cook, DuPage, Lake, and Will Counties, Illinois, as well as through its Internet Branch. This wide reach ensures that customers have easy access to a range of financial solutions tailored to meet their needs.
Notably, BankFinancial is known for its customer-centric approach, providing tools and resources that empower clients to take control of their financial future. Whether it’s saving for college, buying a home, growing a business, or planning for retirement, the bank offers products designed to make these milestones achievable.
BankFinancial has recently made headlines with the appointment of a highly accomplished leader in the Equipment Finance division, reinforcing its commitment to superior performance and customer experience. For the second quarter of 2024, the bank projects that cash and cash equivalent assets will constitute between 9% and 12% of total assets, with expectations for the second half of the year slightly adjusted to 8% to 11%.
As a Member FDIC and an Equal Housing Lender, BankFinancial adheres to high standards of security and fairness, ensuring that all customers receive the best possible service and support. With its broad range of loan, deposit, and trust products, BankFinancial continues to be a reliable partner for individuals and businesses alike.
BankFinancial Corporation (BFIN) reported a successful year-end 2022 with a net income of $10.5 million and earnings per share of $0.80. For Q4 2022, net income stood at $3.4 million with $0.27 per share. Total loans grew by 17.5% to $1.227 billion, with commercial loans increasing by 12.9%. Asset quality remained stable, with nonperforming loans at 0.13%. Total deposits declined by 7.6%, attributed to reduced liquidity among commercial depositors. The company maintained a strong capital position with a Tier 1 leverage ratio of 9.73% and continued its $0.10 dividend per share throughout 2022.
The Board of Directors of BankFinancial Corporation has extended its share repurchase authorization to July 15, 2023, increasing the total number of shares authorized for repurchase to 264,112 shares. Previously, as of January 26, 2023, only 139,112 shares were available for repurchase. The program allows for shares to be bought back in open market transactions or through negotiated processes, contingent on adequate liquidity and within SEC regulations. This move reflects the company's commitment to shareholder value and is aimed at enhancing stock performance.
BankFinancial Corporation (Nasdaq: BFIN) has declared a cash dividend of $0.10 per common share, scheduled for payment on February 24, 2023, to stockholders of record by February 10, 2023. As of September 30, 2022, BankFinancial reported total assets of $1.629 billion, total loans of $1.142 billion, total deposits of $1.425 billion, and stockholders’ equity of $151 million. The company offers banking, wealth management, and fiduciary services in the Chicago area, catering to both individuals and businesses.
BankFinancial Corporation (Nasdaq: BFIN) reported a strong performance for Q3 2022, with net income of $3.2 million, doubling from $1.6 million in Q3 2021. Earnings per share rose to $0.25 from $0.12 year-over-year. For the nine months ended September 30, 2022, net income reached $7.1 million, or $0.54 per share, compared to $5.0 million, or $0.35 per share in the previous year. Total assets amounted to $1.629 billion, with loans at $1.142 billion and deposits at $1.425 billion. A conference call to discuss results will be held on October 31, 2022.
BankFinancial Corporation has extended its share repurchase authorization, allowing the company to buy back up to 318,689 shares until April 28, 2023. Previously, only 18,689 shares remained under the older authorization. Management may repurchase shares via open market transactions and trading plans, depending on market conditions and liquidity. As of June 30, 2022, BankFinancial reported total assets of $1.645 billion, total loans of $1.143 billion, and total deposits of $1.445 billion.
BankFinancial Corporation (Nasdaq: BFIN) has declared a cash dividend of $0.10 per common share, set to be paid on November 25, 2022, to stockholders of record as of November 11, 2022. As of June 30, 2022, BankFinancial reported total assets of $1.645 billion, total loans of $1.143 billion, total deposits of $1.445 billion, and stockholders’ equity amounting to $154 million. The company provides banking and wealth management services primarily within the Chicago metropolitan area.
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