Welcome to our dedicated page for Bankfinancial news (Ticker: BFIN), a resource for investors and traders seeking the latest updates and insights on Bankfinancial stock.
BankFinancial Corporation (Nasdaq: BFIN) generates a steady flow of news and disclosures as a regional financial institution in the savings institutions and banking sector. As the holding company for BankFinancial, NA, it reports on banking, wealth management, fiduciary and commercial finance activities serving individuals, families and businesses in the Chicago metropolitan area, as well as commercial finance, equipment finance, commercial real estate finance and treasury management customers on a regional or national basis.
News about BankFinancial often centers on its financial performance, including quarterly and annual earnings reported via Form 10-Q, Form 10-K and related news releases. These updates discuss net income, loan and deposit trends, investment securities activity, asset quality metrics, capital ratios and noninterest income and expense. Investors can also follow announcements of cash dividends on BFIN common stock, details of the company’s share repurchase program and other capital management actions disclosed in Form 8-K filings.
Corporate governance and strategic developments are another key theme in BFIN news. The company has reported changes to its board of directors, including the addition of directors with financial services and institutional investor backgrounds, and governance changes such as amendments to its charter and bylaws. BankFinancial has also disclosed a standstill agreement with certain institutional stockholders.
A major recent news focus is the announced Agreement and Plan of Merger with First Financial Bancorp., under which BankFinancial would merge with and into First Financial and BankFinancial, NA would merge with First Financial Bank. Related news covers the merger terms, regulatory and stockholder approval process, proxy statement/prospectus filings and supplemental disclosures in response to stockholder litigation and demand letters.
By monitoring this news feed, users can review BankFinancial’s earnings announcements, dividend declarations, share repurchase updates, governance changes and progress of the planned merger with First Financial, all in one place.
BankFinancial Corporation (Nasdaq - BFIN) announced an extension of its share repurchase program, moving the expiration date from April 30, 2021, to November 15, 2021. The total number of shares authorized for repurchase has been increased by 250,000, bringing the total to 6,460,755. As of April 30, 2021, 288,158 shares remained available for repurchase. The program allows for buybacks at management's discretion, contingent on market conditions and liquidity. BankFinancial reported total assets of $1.620 billion and stockholders’ equity of $171 million as of March 31, 2021.
BankFinancial Corporation (BFIN) reported a net income of $1.5 million for Q1 2021, reflecting a decrease from $2.4 million in Q1 2020. Earnings per share were $0.10, down from $0.16 a year earlier. As of March 31, 2021, total assets stood at $1.620 billion, with total loans at $1.029 billion and total deposits at $1.422 billion. The company experienced a $952,000 drop in net interest income, driven by reduced yields on loans. The Tier 1 leverage ratio was a robust 10.67%.
BankFinancial Corporation (BFIN) announced the completion of a $20 million private placement of 3.75% Fixed-to-Floating Rate Subordinated Notes. The notes will mature on May 15, 2031, initially bearing a fixed interest rate of 3.75% until May 2026, after which the rate will adjust quarterly based on the SOFR plus 299 basis points. The offering aims to qualify as Tier 2 capital for regulatory purposes. Keefe, Bruyette & Woods served as the placement agent. The notes are not insured by the FDIC and have not been registered under the Securities Act of 1933.
BankFinancial Corporation (BFIN) reported a net income of $9.2 million for the year ended December 31, 2020, yielding earnings per share of $0.61. For Q4 2020, net income was $2.4 million with EPS of $0.17, down from $3.4 million and $0.22 in Q4 2019. Total loans declined by $165.4 million throughout 2020. However, total deposits grew by $108.8 million. The company's asset quality remained stable, with nonperforming loans at 0.12% of total loans. The Tier 1 leverage ratio was 10.79%, indicating a solid capital position.
BankFinancial Corporation (Nasdaq – BFIN) has declared a cash dividend of $0.10 per common share, set to be paid on February 26, 2021. Stockholders of record as of February 10, 2021 will be eligible for the dividend. As of September 30, 2020, BankFinancial reported total assets of $1.605 billion, total loans of $1.066 billion, total deposits of $1.402 billion, and stockholders’ equity of $172 million. The company operates 19 banking offices across Illinois.
BankFinancial Corporation (BFIN) announced an extension of its share repurchase program until April 30, 2021, increasing the total shares authorized for repurchase from 5,810,755 to 6,210,755 shares. This 400,000 share increase allows the company to buy back shares in open market or negotiated transactions, driven by management’s discretion. This action aims to enhance shareholder value, contingent on adequate liquidity for repurchases. As of September 30, 2020, BankFinancial reported total assets of $1.605 billion and stockholders' equity of $172 million.
BankFinancial Corporation (BFIN) announced a cash dividend of $0.10 per share, set to be paid on November 27, 2020 to stockholders who are on record by November 11, 2020. As of September 30, 2020, BankFinancial reported total assets of $1.605 billion, total loans of $1.066 billion, total deposits of $1.402 billion, and stockholders’ equity of $172 million. The company operates 19 banking offices across Illinois, emphasizing community-oriented financial services.
BankFinancial (BFIN) reported a net income of $1.9 million ($0.13 per share) for Q3 2020, down from $3.9 million ($0.26 per share) in Q3 2019. For the nine months ending September 30, 2020, net income was $6.7 million ($0.45 per share), compared to $8.3 million ($0.53 per share) in the same period last year. As of September 30, 2020, total assets stood at $1.605 billion, with total loans of $1.066 billion and deposits of $1.402 billion. Management will discuss Q3 results in a conference call on October 30, 2020.
BankFinancial Corporation (Nasdaq: BFIN) declared a cash dividend of $0.10 per common share, payable on August 28, 2020, to stockholders of record on August 12, 2020. As of June 30, 2020, the company reported total assets of $1.593 billion, total loans of $1.082 billion, and total deposits of $1.388 billion. BankFinancial operates 19 banking offices across Illinois, focusing on community-oriented financial services.
BankFinancial Corporation (BFIN) announced its financial results for Q2 2020, reporting a net income of $2.4 million, or $0.16 per share, a significant increase from $807,000 or $0.05 in Q2 2019. For the first half of 2020, net income rose to $4.8 million or $0.32 per share, up from $4.4 million or $0.28 in the same period last year. As of June 30, 2020, total assets were $1.593 billion, with total loans at $1.082 billion and deposits of $1.388 billion.