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): March 5, 2007
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 7.01. | Regulation FD Disclosure |
BankFinancial Corporation (Nasdaq – BFIN) will participate in the Sandler O’Neill & Partners 2007 West Coast Financial Services Conference to be held on Tuesday, March 6, 2007. BankFinancial’s Chairman and Chief Executive Officer, F. Morgan Gasior, is scheduled to participate on the Mid-West II Bank Panel at 2:20 p.m. Pacific Time (4:20 p.m. Central Time) on Tuesday, March 6, 2007. The slides for the presentation are attached as Exhibit 99.1 and the information set forth therein is incorporated herein by reference and constitutes a part of this report.
The information in this Current Report on Form 8-K, including the attached exhibit, is being furnished to the Securities and Exchange Commission and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended. Furthermore, the information contained in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any registration statement or other document filed with the Securities and Exchange Commission by the Company.
| Item 9.01. | Financial Statements and Exhibits. |
| (a) | Not Applicable. |
| (b) | Not Applicable. |
| (c) | Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Slide Presentation dated March 6, 2007 | |
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: | March 5, 2007 | By: | /s/ F. Morgan Gasior | |||||
| F. Morgan Gasior | ||||||||
| Chairman of the Board, Chief Executive Officer and President | ||||||||
 Sandler O’Neill & Partners, L.P. 2007 West Coast Financial Services Conference March 6, 2007 F. Morgan Gasior Chief Executive Officer Exhibit 99.1 |
 Safe Harbor Provisions of the Private Litigation Reform Act of 1995 Certain statements made and information contained in this presentation may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this presentation, the words "may," "will," "should," "would," "anticipate," "estimate," "expect,” "plan," "believe," "intend," and similar expressions identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following without limitation: general, regional, and local economic conditions and their effect on interest rates, the company and its customers; credit risks and risks from concentrations (geographic and by industry) within the loan portfolio; changes in regulations or accounting policies affecting financial institutions; the costs and effects of litigation and of unexpected or adverse outcomes of such litigation; technological changes; acquisitions and integration of acquired business; the failure of assumptions underlying the establishment of reserves for loan losses and estimations of values of collateral and various financial assets and liabilities; the outcome of efforts to manage interest rate or liquidity risk; competition; and acts of war or terrorism. 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 www.bankfinancial.com. The Company undertakes no obligation to release revisions to these forward-looking statements or to reflect events or conditions occurring after the date of this presentation. |
 Focused Metropolitan Chicago Community Bank Total Assets $1.6 billion Total Loans $1.3 billion Total Deposits $1.1 billion Market Capitalization $433 million Equity $326 million Ticker Symbol BFIN Banking Offices 18 Customers 67,976 Communities Served 470 Strategic Focus All data as of 12/31/06 Expand Metropolitan Chicago Presence Acquisitions: Good Structural / Cultural Fit Highly Selective Limited de Novo Branching |
 Diverse Commercial Lending: Strong Credit Quality Multi-Family (22.20%) Nonresidential (23.97%) Construction (6.37%) Commercial Leases (10.40%) Commercial Loans (6.68%) Home Equity Line of Credit (5.70%) Consumer (0.66%) Residential (24.00%) 22.20% 23.97% 24.00% 6.37% 6.68% 10.40% 0.66% 5.70% 69% Loans to Commercial Borrowers Stable Illinois / Midwestern Geographic Concentration and Strong National Corporate Lessees Dedicated Internal Commercial Loan Origination Capability 0.69% Non-Performing Loans to Total Loans 1 Expressed as % of total 2006 Commercial Loan Originations. Regional Commercial Banking: 80.8% 1 Commercial
Leasing: 16.3% 1 Wholesale
Loans: 2.9% 1 |
 DDA (12.00%) NOW (23.00%) Savings (10.00%) Money Market (23.00%) Retail CD (30.00%) Wholesale CD (2.00%) 23.00% 10.00% 23.00% 30.00% 2.00% 12.00% Core Deposits: Combining Tradition & Technology 68% Transaction and Savings Deposits 2% Wholesale Deposits Traditional Service Consistency Supplemented by Telephone & Online Banking Service Convenience Targeted Deposit Marketing Based on Customer Relationships and Proximity to Established Branch Locations Emphasis on Customer Linkage Via Technology 2 Online Banking Participation Expressed as a % of Total Customers by Category.
Personal / Household: 24% 2 Commercial / Cash Management: 27% 2 |
 NIM & Capital Management: Strength & Opportunity Strong Capital Position Multiple Sources of Shareholder Returns Financial Considerations: Acquisitions Proven Acquisition Integration Capability 3.00% 3.50% 4.00% IVQ 2005 IVQ 2006 Net Interest Margin Net Interest Rate Spread 17.50% 18.00% 18.50% 19.00% 19.50% 20.00% 20.50% IVQ 2005 IVQ 2006 Tangible Equity to Tangible Total Assets Equity to Total Assets 0% First Dividend in 2006; Raised Dividend in 2007 Commenced 10% Share Repurchase in 2006 Earnings Accretion Recovery of Tangible Book Value Dilution 3.60% 3.74% (NIM) 2.91% 2.91% (NIS) Success National Bank - 2001 University National Bank - 2006 |
 Stock Performance Since Conversion June 23, 2005 = 100 80.0 100.0 120.0 140.0 160.0 180.0 200.0 6/23/05 9/23/05 12/23/05 3/23/06 6/23/06 9/23/06 12/23/06 BFIN Russell 2000 America's Community Banks |
 Helping Our Customers, Communities and Stockholders Do More Towards Reaching Their Financial Goals |