SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 14, 2006
BANKFINANCIAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
| Maryland | 0-51331 | 75-3199276 | ||
| (State or Other Jurisdiction) of Incorporation) |
(Commission File No.) | (I.R.S. Employer Identification No.) |
| 15W060 North Frontage Road, Burr Ridge, Illinois | 60527 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (800) 894-6900
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On August 14, 2006, the Company issued a press release reporting earnings for the three and six months ended June 30, 2006 and announced the filing of a Quarterly Financial and Statistical Supplement. The press release and Quarterly Financial and Statistical Supplement are included as Exhibits 99.1 and 99.2 to this report.
The information in the preceding paragraph, as well as Exhibits 99.1 and 99.2, is considered to be “furnished” under the Securities Exchange Act of 1934, and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.
Item 9.01. Financial Statements and Exhibits.
| (a) | Not Applicable. |
| (b) | Not Applicable. |
| (c) | Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Press Release dated August 14, 2006 | |
| 99.2 | Quarterly Financial and Statistical Supplement | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| BANKFINANCIAL CORPORATION | ||||
| Date: August 14, 2006 | By: | /s/ Paul A. Cloutier | ||
| Paul A. Cloutier | ||||
| Executive Vice President and Chief Financial Officer | ||||
Exhibit 99.1
FOR IMMEDIATE RELEASE
BankFinancial Corporation Reports Second Quarter 2006 Earnings and
Filing of Quarterly Report on Form 10-Q
and Quarterly Financial and Statistical Supplement
with the Securities and Exchange Commission
Burr Ridge, Illinois - (August 14, 2006) BankFinancial Corporation (Nasdaq – BFIN) (“BankFinancial”) announced that it has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 and a Quarterly Financial and Statistical Supplement on Form 8-K, with the U.S. Securities and Exchange Commission (the “SEC”).
BankFinancial reported net income of $2.9 million, or $0.13 per common share, for the three months ended June 30, 2006, compared to $2.8 million for the three months ended June 30, 2005 and net income of $6.0 million, or $0.27 per common share, for the six months ended June 30, 2006, compared to $4.5 million for the six months ended June 30, 2005. There are no earnings per share to report for the three-month or six-month periods ending June 30, 2005 because we had no shares of common stock outstanding prior to the completion of our mutual-to-stock conversion on June 23, 2005.
At June 30, 2006, BankFinancial had total assets of $1.672 billion, total loans of $1.280 billion, total deposits of $1.138 billion and stockholders’ equity of $335 million.
The Quarterly Report on Form 10-Q and the Quarterly Financial and Statistical Supplement are available at BankFinancial’s Internet site, www.bankfinancial.com under Stockholder Information and at the SEC’s Internet site, www.sec.gov. Management will review second quarter 2006 results in a conference call and webcast for stockholders and analysts on Tuesday, August 15, 2006 at 9:30 a.m. Central Time. The conference call may be accessed by calling (866) 314-9013 and using participant passcode 60460691. The conference call will be simultaneously webcast at www.bankfinancial.com, on the “Stockholder Information” page. For those persons unable to participate in the conference call, the webcast will be archived through 5:00 p.m. CDT on August 29, 2006 on our website.
BankFinancial Corporation is the holding company for BankFinancial, F.S.B., a full-service, community-oriented savings bank providing financial services to individuals, families and businesses through 18 full-service banking offices, located in Cook, DuPage, Lake and Will Counties, Illinois. BankFinancial Corporation became a publicly-traded company on June 24, 2005, and its common stock trades on the Nasdaq Stock Market under the symbol BFIN.
“Forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 may be included in this release. A variety of factors could cause BankFinancial Corporation’s actual results to differ from those expected at the time of this release. Investors are urged to carefully review and consider the various disclosures made by BankFinancial Corporation in its periodic reports filed with the Securities and Exchange Commission, including the risk factors and other information disclosed in BankFinancial Corporation’s Annual Report on Form 10-K for the most recently ended fiscal year. Copies of these filings are available at no cost on the SEC’s web site at http://www.sec.gov or on BankFinancial’s web site at http://www.bankfinancial.com.
| For Further Information | ||||
| Contact: | Shareholder, Analyst and Investor Inquiries: |
Media Inquiries: | ||
| Terence C. Wise, Vice President – Investor Relations BankFinancial Corporation Telephone: 630-242-7151 |
Gregg T. Adams, Executive Vice President –Marketing & Sales BankFinancial Corporation Telephone: 630-242-7234 | |||
Exhibit 99.2
BANKFINANCIAL CORPORATION
SECOND QUARTER 2006
QUARTERLY FINANCIAL AND STATISTICAL SUPPLEMENT
FOR THE LATEST FIVE QUARTERS
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters
(Dollars in thousands; except per share) – (Unaudited)
PERFORMANCE MEASUREMENTS:
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| Return on assets (ratio of net income to average total assets) |
0.69 | % | 0.78 | % | 0.74 | % | 0.92 | % | 0.68 | % | ||||||||||
| Return on equity (ratio of net income to average equity) |
3.43 | 3.82 | 3.58 | 4.56 | 9.12 | |||||||||||||||
| Net interest rate spread |
2.83 | 2.88 | 2.94 | 3.09 | 2.99 | |||||||||||||||
| Net interest margin |
3.61 | 3.60 | 3.63 | 3.67 | 3.20 | |||||||||||||||
| Efficiency ratio |
73.68 | 70.29 | 71.54 | 69.41 | 72.87 | |||||||||||||||
| Noninterest expense to average total assets |
2.95 | 2.87 | 2.93 | 2.83 | 2.55 | |||||||||||||||
| Average interest-earning assets to average interest-bearing liabilities |
132.60 | 132.66 | 134.70 | 132.39 | 111.42 | |||||||||||||||
| Offices |
18 | 16 | 16 | 16 | 16 | |||||||||||||||
| Employees (full time equivalents) |
468 | 443 | 451 | 449 | 429 | |||||||||||||||
| SUMMARY INCOME STATEMENT: | ||||||||||||||||||||
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| Total interest income |
$ | 23,683 | $ | 22,292 | $ | 21,191 | $ | 20,785 | $ | 20,143 | ||||||||||
| Total interest expense |
9,363 | 8,480 | 7,554 | 6,837 | 7,577 | |||||||||||||||
| Net interest income before provision |
14,320 | 13,812 | 13,637 | 13,948 | 12,566 | |||||||||||||||
| Provision (credit) for loan losses |
156 | 196 | 524 | 334 | (264 | ) | ||||||||||||||
| Net interest income |
14,164 | 13,616 | 13,113 | 13,614 | 12,830 | |||||||||||||||
| Noninterest income |
2,587 | 2,731 | 2,453 | 2,464 | 1,947 | |||||||||||||||
| Noninterest expense |
12,457 | 11,628 | 11,510 | 11,391 | 10,576 | |||||||||||||||
| Income before income tax |
4,294 | 4,719 | 4,056 | 4,687 | 4,201 | |||||||||||||||
| Income tax expense |
1,390 | 1,579 | 1,137 | 990 | 1,380 | |||||||||||||||
| Net income |
$ | 2,904 | $ | 3,140 | $ | 2,919 | $ | 3,697 | $ | 2,821 | ||||||||||
| Earnings per common share |
$ | 0.13 | $ | 0.14 | $ | 0.13 | $ | 0.16 | N.M. | |||||||||||
|
N.M. = not meaningful |
||||||||||||||||||||
| NONINTEREST INCOME AND EXPENSE: | ||||||||||||||||||||
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| Noninterest Income: |
||||||||||||||||||||
| Deposit service charges and fees |
$ | 1,117 | $ | 917 | $ | 986 | $ | 1,090 | $ | 952 | ||||||||||
| Other fee income |
482 | 461 | 490 | 463 | 449 | |||||||||||||||
| Insurance commissions and annuities income |
352 | 228 | 242 | 265 | 229 | |||||||||||||||
| Gain on sales of loans |
53 | 37 | 27 | 50 | 46 | |||||||||||||||
| Gain on sales of investment securities |
55 | — | — | — | — | |||||||||||||||
| Gain on disposition of premises and equipment |
1 | 393 | — | — | — | |||||||||||||||
| Loan servicing fee income |
237 | 244 | 249 | 257 | 262 | |||||||||||||||
| Amortization and impairment of servicing |
(146 | ) | (61 | ) | 18 | (73 | ) | (328 | ) | |||||||||||
| REO operations |
(26 | ) | (5 | ) | — | (1 | ) | (3 | ) | |||||||||||
| Other |
462 | 517 | 441 | 413 | 340 | |||||||||||||||
| Total noninterest income |
$ | 2,587 | $ | 2,731 | $ | 2,453 | $ | 2,464 | $ | 1,947 | ||||||||||
| Noninterest Expense: |
||||||||||||||||||||
| Compensation |
$ | 7,875 | $ | 7,668 | $ | 7,398 | $ | 7,335 | $ | 6,557 | ||||||||||
| Office occupancy |
1,340 | 1,316 | 1,377 | 1,275 | 1,191 | |||||||||||||||
| Advertising |
389 | 165 | 216 | 177 | 238 | |||||||||||||||
| Data processing |
825 | 788 | 814 | 777 | 710 | |||||||||||||||
| Supplies, telephone and postage |
450 | 507 | 468 | 490 | 450 | |||||||||||||||
| Amortization of intangibles |
495 | 393 | 405 | 410 | 409 | |||||||||||||||
| Other general & administrative |
1,083 | 791 | 832 | 927 | 1,021 | |||||||||||||||
| Total noninterest expenses |
$ | 12,457 | $ | 11,628 | $ | 11,510 | $ | 11,391 | $ | 10,576 | ||||||||||
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters
(Dollars in thousands; except per share) – (Unaudited)
SUMMARY BALANCE SHEET:
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| ASSETS: |
||||||||||||||||||||
| Cash |
$ | 31,475 | $ | 31,059 | $ | 34,437 | $ | 28,016 | $ | 26,035 | ||||||||||
| Interest-bearing deposits and short-term investments |
1,566 | 11,129 | 3,589 | 54,373 | 87,720 | |||||||||||||||
| Securities available for sale, net |
251,927 | 245,641 | 248,238 | 258,981 | 476,702 | |||||||||||||||
| Loans held for sale |
1,882 | 86 | 375 | 523 | 1,042 | |||||||||||||||
| Loans receivable, net |
1,280,365 | 1,261,820 | 1,231,891 | 1,135,709 | 1,100,119 | |||||||||||||||
| Federal Home Loan Bank stock |
18,911 | 25,434 | 25,434 | 25,197 | 24,889 | |||||||||||||||
| Premises and equipment |
35,206 | 32,182 | 32,819 | 32,810 | 33,008 | |||||||||||||||
| Intangible assets |
33,387 | 18,720 | 19,113 | 19,518 | 19,928 | |||||||||||||||
| Other assets |
16,911 | 17,050 | 18,540 | 17,953 | 17,280 | |||||||||||||||
| Total assets |
$ | 1,671,630 | $ | 1,643,121 | $ | 1,614,436 | $ | 1,573,080 | $ | 1,786,723 | ||||||||||
| LIABILITIES AND EQUITY: |
||||||||||||||||||||
| Deposits |
$ | 1,137,664 | $ | 1,053,411 | $ | 1,067,874 | $ | 1,044,242 | $ | 1,230,945 | ||||||||||
| Borrowings |
175,349 | 236,251 | 191,388 | 181,252 | 213,775 | |||||||||||||||
| Other liabilities |
23,901 | 20,331 | 26,397 | 22,260 | 19,823 | |||||||||||||||
| Total liabilities |
1,336,914 | 1,309,993 | 1,285,659 | 1,247,754 | 1,464,543 | |||||||||||||||
| Stockholders’ equity |
334,716 | 333,128 | 328,777 | 325,326 | 322,180 | |||||||||||||||
| Total liabilities and equity |
$ | 1,671,630 | $ | 1,643,121 | $ | 1,614,436 | $ | 1,573,080 | $ | 1,786,723 | ||||||||||
| CAPITAL RATIOS: | ||||||||||||||||||||
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| BankFinancial Corporation: |
||||||||||||||||||||
| Equity to total assets (end of period) |
20.02 | % | 20.27 | % | 20.36 | % | 20.68 | % | 18.03 | % | ||||||||||
| Tangible equity to total assets (end of period) |
18.39 | 19.36 | 19.41 | 19.68 | 17.11 | |||||||||||||||
| BankFinancial FSB: |
||||||||||||||||||||
| Risk-based total capital ratio |
19.70 | 18.56 | 19.01 | 19.91 | 19.75 | |||||||||||||||
| Risk-based tier 1 capital ratio |
18.88 | 17.77 | 18.21 | 19.11 | 18.96 | |||||||||||||||
| Tier 1 leverage ratio |
14.33 | 13.83 | 13.82 | 13.96 | 12.05 | |||||||||||||||
| COMMON STOCK AND DIVIDENDS: | ||||||||||||||||||||
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| Stock Prices: |
||||||||||||||||||||
| Close |
$ | 17.30 | $ | 15.92 | $ | 14.68 | $ | 14.20 | $ | 13.33 | ||||||||||
| High |
17.30 | 16.41 | 14.91 | 15.00 | 13.86 | |||||||||||||||
| Low |
15.15 | 14.55 | 12.99 | 13.10 | 13.02 | |||||||||||||||
| Cash dividends declared |
$ | 0.06 | $ | 0.06 | — | — | — | |||||||||||||
| DEPOSITS: | ||||||||||||||||||||
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| Non-interest-bearing demand |
$ | 136,046 | $ | 105,251 | $ | 117,443 | $ | 109,022 | $ | 281,227 | ||||||||||
| Interest-bearing NOW |
244,173 | 224,732 | 227,893 | 219,457 | 222,759 | |||||||||||||||
| Money market |
249,133 | 244,916 | 248,871 | 236,285 | 210,251 | |||||||||||||||
| Savings |
129,482 | 121,016 | 123,260 | 122,783 | 130,761 | |||||||||||||||
| Certificates of deposit |
378,830 | 357,496 | 350,407 | 356,695 | 385,947 | |||||||||||||||
| Total deposits |
$ | 1,137,664 | $ | 1,053,411 | $ | 1,067,874 | $ | 1,044,242 | $ | 1,230,945 | ||||||||||
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters
(Dollars in thousands; except per share) – (Unaudited)
LOANS:
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| One- to four-family residential real estate |
$ | 402,097 | $ | 408,206 | $ | 404,196 | $ | 395,499 | $ | 363,952 | ||||||||||
| Multi-family mortgage loans |
291,005 | 289,364 | 280,238 | 242,910 | 236,467 | |||||||||||||||
| Nonresidential real estate |
303,901 | 282,496 | 275,418 | 266,898 | 271,949 | |||||||||||||||
| Construction and land loans |
78,900 | 85,761 | 80,705 | 74,523 | 77,070 | |||||||||||||||
| Commercial loans |
76,070 | 69,702 | 68,988 | 64,527 | 62,977 | |||||||||||||||
| Commercial leases |
127,971 | 128,062 | 121,898 | 92,268 | 87,427 | |||||||||||||||
| Consumer loans |
4,019 | 2,041 | 2,022 | 1,975 | 2,391 | |||||||||||||||
| Other loans (including municipal) |
4,959 | 5,159 | 5,219 | 5,492 | 5,754 | |||||||||||||||
| Total loans |
1,288,922 | 1,270,791 | 1,238,684 | 1,144,092 | 1,107,987 | |||||||||||||||
| Loans in process |
934 | 174 | 2,180 | 193 | 604 | |||||||||||||||
| Net deferred loan origination costs |
2,478 | 2,563 | 2,541 | 2,355 | 2,124 | |||||||||||||||
| Allowance for loan losses |
(11,969 | ) | (11,708 | ) | (11,514 | ) | (10,931 | ) | (10,596 | ) | ||||||||||
| Loans, net |
$ | 1,280,365 | $ | 1,261,820 | $ | 1,231,891 | $ | 1,135,709 | $ | 1,100,119 | ||||||||||
| CREDIT QUALITY RATIOS: | ||||||||||||||||||||
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| Nonperforming Loans and Assets: |
||||||||||||||||||||
| Nonperforming loans |
$ | 6,440 | $ | 3,192 | $ | 5,723 | $ | 7,280 | $ | 6,873 | ||||||||||
| Real estate owned |
55 | 56 | 153 | — | — | |||||||||||||||
| Nonperforming assets |
$ | 6,595 | $ | 3,248 | $ | 5,876 | $ | 7,280 | $ | 6,873 | ||||||||||
| Asset Quality Ratios: |
||||||||||||||||||||
| Nonperforming assets to total assets |
0.39 | % | 0.20 | % | 0.36 | % | 0.46 | % | 0.38 | % | ||||||||||
| Nonperforming loans to total loans |
0.50 | 0.25 | 0.46 | 0.63 | 0.62 | |||||||||||||||
| Allowance for loan losses to nonperforming loans |
185.85 | 366.79 | 201.19 | 150.15 | 154.17 | |||||||||||||||
| Allowance for loan losses to total loans |
0.93 | 0.92 | 0.93 | 0.95 | 0.95 | |||||||||||||||
| Net charge-off ratio |
0.03 | 0.00 | (0.02 | ) | 0.00 | 0.03 | ||||||||||||||
| ALLOWANCE FOR LOAN LOSSES: | ||||||||||||||||||||
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| Beginning balance |
$ | 11,708 | $ | 11,514 | $ | 10,931 | $ | 10,596 | $ | 10,941 | ||||||||||
| Allowance of acquired bank |
212 | — | — | — | — | |||||||||||||||
| Provision (credit) for loan losses |
156 | 196 | 524 | 334 | (264 | ) | ||||||||||||||
| Loans charged off |
(107 | ) | (2 | ) | (29 | ) | (1 | ) | (82 | ) | ||||||||||
| Recoveries |
— | — | 88 | 2 | 1 | |||||||||||||||
| Ending balance |
$ | 11,969 | $ | 11,708 | $ | 11,514 | $ | 10,931 | $ | 10,596 | ||||||||||
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters
(Dollars in thousands; except per share) – (Unaudited)
SELECTED AVERAGE BALANCES:
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| Average total assets |
$ | 1,688,410 | $ | 1,618,258 | $ | 1,573,867 | $ | 1,607,277 | $ | 1,661,506 | ||||||||||
| Average earning assets |
1,588,219 | 1,533,951 | 1,501,205 | 1,520,234 | 1,568,763 | |||||||||||||||
| Average total loans |
1,288,063 | 1,260,870 | 1,197,545 | 1,130,131 | 1,104,190 | |||||||||||||||
| Average investment securities |
293,301 | 270,944 | 291,478 | 362,141 | 411,386 | |||||||||||||||
| Average other earning assets |
6,855 | 2,137 | 12,182 | 27,962 | 53,187 | |||||||||||||||
| Average interest-bearing deposits |
1,006,818 | 932,918 | 931,895 | 957,240 | 1,161,106 | |||||||||||||||
| Average total borrowings |
190,935 | 223,359 | 182,613 | 191,076 | 246,861 | |||||||||||||||
| Average interest-bearing liabilities |
1,197,753 | 1,156,277 | 1,114,508 | 1,148,316 | 1,407,967 | |||||||||||||||
| Average total stockholders’ equity |
339,050 | 328,652 | 326,549 | 324,058 | 123,714 | |||||||||||||||
| SELECTED YIELDS AND COST OF FUNDS: | ||||||||||||||||||||
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| Average earning assets |
5.96 | % | 5.81 | % | 5.65 | % | 5.47 | % | 5.14 | % | ||||||||||
| Average total loans |
6.36 | 6.21 | 6.07 | 6.02 | 5.78 | |||||||||||||||
| Average investment securities |
4.26 | 3.97 | 3.97 | 3.91 | 3.69 | |||||||||||||||
| Average other earning assets |
5.02 | 4.12 | 3.84 | 3.26 | 2.90 | |||||||||||||||
| Average interest-bearing deposits |
2.96 | 2.69 | 2.51 | 2.12 | 1.79 | |||||||||||||||
| Average total borrowings |
4.00 | 3.96 | 3.73 | 3.67 | 3.86 | |||||||||||||||
| Average interest-bearing liabilities |
3.13 | 2.93 | 2.71 | 2.38 | 2.15 | |||||||||||||||
| Interest rate spread |
2.83 | 2.88 | 2.94 | 3.09 | 2.99 | |||||||||||||||
| Net interest margin |
3.61 | 3.60 | 3.63 | 3.67 | 3.20 | |||||||||||||||
| EARNINGS PER SHARE COMPUTATIONS: | ||||||||||||||||||||
| 2006 | 2005 | |||||||||||||||||||
| IIQ | IQ | IVQ | IIIQ | IIQ | ||||||||||||||||
| Net income |
$ | 2,904 | $ | 3,140 | $ | 2,919 | $ | 3,697 | $ | 2,821 | ||||||||||
| Less: net income before conversion |
— | — | — | — | 2,821 | |||||||||||||||
| Net income available to common stockholders |
$ | 2,904 | $ | 3,140 | $ | 2,919 | $ | 3,697 | $ | — | ||||||||||
| Average common shares outstanding |
24,466,250 | 24,466,250 | 24,466,250 | 24,466,250 | N.M. | |||||||||||||||
| Less: unearned ESOP shares |
(1,871,668 | ) | (1,896,134 | ) | (1,920,152 | ) | (1,935,652 | ) | N.M. | |||||||||||
| Weighted average common shares outstanding |
22,594,582 | 22,570,116 | 22,546,098 | 22,530,598 | N.M. | |||||||||||||||
| Earnings per common share |
$ | 0.13 | $ | 0.14 | $ | 0.13 | $ | 0.16 | N.M. | |||||||||||
N.M. = not meaningful
Note: Certain reclassifications have been made in the prior period’s financial statements and reflected in the Selected Quarterly Financial and Statistical Data tables to conform with the current period’s presentation.
The information and statistical data contained herein have been prepared by BankFinancial Corporation and have been derived or calculated from selected quarterly and period-end historical financial statements prepared in accordance with accounting principles generally accepted in the United States. BankFinancial Corporation is under no obligation to update, keep current or continue to provide the information contained herein. This information is provided solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or establish any business relationships with BankFinancial Corporation or any of its subsidiaries.