BankFinancial Corporation Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
January 29, 2018 at 09:35 pm
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BankFinancial Corporation announced unaudited earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company’s total interest income was $15,047,000 against $12,743,000 a year ago. Net interest income before provision (recovery) was $13,305,000 against $11,595,000 a year ago. Net interest income was $13,377,000 against $12,134,000 a year ago. Income before income tax was $5,693,000 against $3,717,000 a year ago. Net income was $991,000 against $2,259,000 a year ago. Basic and diluted earnings per common share were $0.06 against $0.12 a year ago. Book value per share was $11.00 as on December 31, 2017, compared with $10.65 as on December 31, 2016. Tangible book value per share was $10.99 as on December 31, 2017, compared with $10.61 as on December 31, 2016. Pre–tax pre–recovery earnings from adjusted operations were $5,808,000 against $3,462,000 a year ago.
For the year, the company’s total interest income was $56,179,000 against $50,928,000 a year ago. Net interest income before provision (recovery) was $50,090,000 against $46,958,000 a year ago. Net interest income was $50,177,000 against $47,197,000 a year ago. Income before income tax was $16,194,000 against $12,200,000 a year ago. Net income was $9,004,000 against $7,502,000 a year ago. Diluted earnings per common share were $0.49 against $0.39 a year ago. Pre–tax pre–recovery earnings from adjusted operations were $18,449,000 against $14,188,000 a year ago.
BankFinancial Corporation is a bank holding company for BankFinancial, National Association (the Bank). The Bank is a full-service, 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, healthcare finance, equipment finance, commercial real estate finance and treasury management business customers. The Bank offers its customers a range of loan, deposit, trust and other financial products and services through approximately 18 full-service banking offices located in Cook, DuPage, Lake and Will Counties, Illinois, and through its Internet branch, www.bankfinancial.com. It also offers a range of financial products and services that are related to loans and deposits, including cash management, funds transfers, bill payment and other online mobile banking transactions, trust services, wealth management and general insurance agency services.