ex_763370.htm

EX-99.1 2 ex_763370.htm EXHIBIT 99.1 ex_763370.htm

Exhibit 99.1

BANKFINANCIAL CORPORATION

First QUARTER 2025

QUARTERLY FINANCIAL AND STATISTICAL SUPPLEMENT

FOR THE LATEST FIVE QUARTERS

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 to 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 unaudited 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 its subsidiary.

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

	2025			2024
	IQ			IVQ			IIIQ			IIQ			IQ
PERFORMANCE MEASUREMENTS
Return on assets (ratio of net income to average total assets) ⁽¹⁾		0.58	%		(0.49	)%		0.56	%		0.58	%		0.46	%
Return on equity (ratio of net income to average equity) ⁽¹⁾		5.31			(4.43	)		5.03			5.44			4.38
Net interest rate spread ⁽¹⁾		2.94			2.92			2.90			3.11			3.07
Net interest margin (TEB) ^{(1) (2)}		3.50			3.49			3.47			3.67			3.59
Efficiency ratio⁽³⁾		83.11			84.54			76.73			80.39			84.11
Noninterest expense to average total assets ⁽¹⁾		3.05			3.13			2.82			3.03			3.17
Average interest–earning assets to average interest–bearing liabilities		133.17			133.97			133.26			134.44			135.89
Number of full service offices		18			18			18			18			18
Employees (full time equivalents)		191			197			198			206			217

SUMMARY STATEMENT OF FINANCIAL CONDITION
ASSETS
Cash and due from other financial institutions	$	20,274		$	20,647		$	19,412		$	19,505		$	18,533
Interest-bearing deposits in other financial institutions		124,129			64,182			95,798			113,432			105,475
Interest-bearing time deposits in other financial institutions		33,862			34,156			45,073			53,754			39,180
Securities, at fair value		357,165			360,530			264,905			222,906			239,549
Loans receivable, net		841,055			887,586			923,939			987,745			1,007,980
Foreclosed assets, net		1,337			1,391			1,966			1,898			2,332
Stock in Federal Home Loan Bank and Federal Reserve Bank, at cost		7,490			7,490			7,490			7,490			7,490
Premises and equipment, net		22,464			22,889			22,674			22,765			22,614
Bank-owned life insurance		18,305			18,301			18,277			18,291			18,382
Deferred taxes		3,561			3,761			3,590			4,019			4,159
Other assets		12,479			13,881			14,536			25,885			14,364
Total assets	$	1,442,121		$	1,434,814		$	1,417,660		$	1,477,690		$	1,480,058

LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits	$	1,232,931		$	1,217,541		$	1,199,412		$	1,252,273		$	1,259,286
Borrowings		15,000			20,000			20,000			25,000			25,000
Subordinated notes, net of unamortized issuance costs		18,253			18,736			18,726			18,715			18,705
Other liabilities		18,442			22,160			20,414			24,224			21,036
Total liabilities		1,284,626			1,278,437			1,258,552			1,320,212			1,324,027
Stockholders’ equity		157,495			156,377			159,108			157,478			156,031
Total liabilities and stockholders’ equity	$	1,442,121		$	1,434,814		$	1,417,660		$	1,477,690		$	1,480,058

⁽¹⁾	Annualized

⁽²⁾	Calculated on a tax equivalent basis (“TEB”) assuming a federal income tax rate of 21% and an average state income tax rate of 9.5%.
⁽³⁾	The efficiency ratio represents noninterest expense, divided by the sum of net interest income and noninterest income.

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

	2025			2024
	IQ			IVQ			IIIQ			IIQ			IQ
SUMMARY STATEMENT OF OPERATIONS
Total interest income	$	16,312		$	16,687		$	16,886		$	17,655		$	17,345
Total interest expense		4,817			5,010			5,225			5,079			4,818
Net interest income		11,495			11,677			11,661			12,576			12,527
Provision for (recovery of) credit losses		(296	)		4,650			485			(122	)		12
Net interest income after provision for (recovery of) credit losses		11,791			7,027			11,176			12,698			12,515
Noninterest income		1,634			1,570			1,482			1,276			1,461
Noninterest expense		10,912			11,199			10,084			11,135			11,766
Income (loss) before income tax		2,513			(2,602	)		2,574			2,839			2,210
Income tax expense (benefit)		432			(838	)		581			705			500
Net income (loss)	$	2,081		$	(1,764	)	$	1,993		$	2,134		$	1,710
Basic and diluted earnings (loss) per common share	$	0.17		$	(0.14	)	$	0.16		$	0.17		$	0.14

NONINTEREST INCOME AND EXPENSE
Noninterest Income
Deposit service charges and fees	$	884		$	875		$	915		$	834		$	809
Loan servicing fees		187			232			97			97			156
Trust insurance commissions and annuities income		437			354			405			349			450
Loss on sale of premises and equipment		(5	)		(20	)		(20	)		(9	)		(75	)
Earnings (loss) on bank-owned life insurance		4			24			(14	)		(91	)		(87	)
Gain on repurchase of Subordinated notes		42			—			—			—			107
Other		85			105			99			96			101
Total noninterest income	$	1,634		$	1,570		$	1,482		$	1,276		$	1,461

Noninterest Expense
Compensation and benefits	$	5,704		$	5,710		$	5,441		$	5,943		$	6,052
Office occupancy and equipment		2,047			1,689			1,532			1,861			2,241
Advertising and public relations		130			177			117			112			90
Information technology		1,015			934			971			1,049			1,002
Professional fees		405			410			299			382			454
Supplies, telephone, and postage		289			273			281			292			286
FDIC insurance premiums		157			159			156			144			161
Other		1,165			1,847			1,287			1,352			1,480
Total noninterest expense	$	10,912		$	11,199		$	10,084		$	11,135		$	11,766

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

	2025			2024
	IQ			IVQ			IIIQ			IIQ			IQ
LOANS
One–to–four family residential real estate	$	14,090		$	14,829		$	15,634		$	17,707		$	18,247
Multi-family residential real estate		506,498			521,957			524,340			527,542			526,087
Nonresidential real estate		104,610			108,153			109,799			109,635			110,319
Commercial loans and leases		221,403			248,595			280,218			339,216			360,328
Consumer		1,733			1,623			1,847			1,787			1,248
		848,334			895,157			931,838			995,887			1,016,229
Allowance for credit losses		(7,279	)		(7,571	)		(7,899	)		(8,142	)		(8,249	)
Loans, net	$	841,055		$	887,586		$	923,939		$	987,745		$	1,007,980

LOAN ORIGINATIONS ⁽¹⁾
One–to–four family residential real estate	$	273		$	336		$	149		$	268		$	173
Multi-family residential real estate		2,144			3,311			4,837			14,177			5,561
Nonresidential real estate		—			1,200			2,658			34			—
Commercial loans		134,132			130,969			149,449			171,430			158,172
Equipment finance		5,161			7,861			8,068			6,207			3,427
Consumer		426			490			722			1,184			471
	$	142,136		$	144,167		$	165,883		$	193,300		$	167,804
Weighted average interest rate		7.62	%		7.82	%		8.26	%		8.77	%		9.04	%

LOAN PAYMENTS and PAYOFFS (2)
One–to–four family residential real estate	$	1,013		$	1,126		$	2,280		$	823		$	852
Multi-family residential real estate		17,477			5,713			8,094			12,387			6,931
Nonresidential real estate		3,538			2,712			2,619			711			7,684
Commercial loans		140,783			135,351			171,276			165,347			161,429
Equipment finance		25,668			30,402			44,315			33,140			34,669
Consumer		532			592			722			682			612
	$	189,011		$	175,896		$	229,306		$	213,090		$	212,177
Weighted average interest rate		7.03	%		7.28	%		7.69	%		8.17	%		8.24	%

⁽¹⁾	Loan originations include purchased loans, draws on revolving lines of credit and exclude loan renewals.

⁽²⁾	Loan payments and payoffs exclude loan renewals.

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

	2025			2024
	IQ			IVQ			IIIQ			IIQ			IQ
CREDIT QUALITY:
Nonperforming Assets:
Nonaccrual loans:
One–to–four family residential real estate	$	107		$	126		$	34		$	39		$	34
Multi–family residential real estate		1,395			1,453			1,458			—			—
Nonresidential real estate		—			393			393			380			—
Equipment finance		14,911			14,960			20,446			20,395			20,475
Consumer		—			2			—			—			—
		16,413			16,934			22,331			20,814			20,509

Loans past due over 90 days still accruing		1			—			—			—			—

Other foreclosed assets, net		1,337			1,391			1,966			1,898			2,332

Nonperforming assets	$	17,751		$	18,325		$	24,297		$	22,712		$	22,841

Asset Quality Ratios
Nonperforming assets to total assets		1.23	%		1.28	%		1.71	%		1.54	%		1.54	%
Nonperforming loans to total loans ⁽¹⁾		1.93			1.89			2.40			2.09			2.02
Nonperforming commercial-related loans to total commercial-related loans ⁽²⁾		1.96			1.91			2.44			2.13			2.05
Nonperforming residential and consumer loans to total residential and consumer loans		0.68			0.78			0.19			0.20			0.17
Allowance for credit losses to nonperforming loans		44.35			44.71			35.37			39.12			40.22

Concentrations of Credit
Commercial real estate for FFIEC concentration limits	$	595,943		$	613,914		$	616,985		$	621,628		$	620,694
% FFIEC total capital		352.64	%		368.12	%		361.51	%		359.51	%		364.28	%

Multi–family mortgage loans - 50% risk based capital qualified (included above)	$	242,644		$	254,850		$	253,491		$	269,868		$	297,958
% FFIEC total capital		143.58	%		152.82	%		148.53	%		156.07	%		174.87	%

⁽¹⁾	Nonperforming loans include nonaccrual loans and loans past due 90 days and still accruing.

⁽²⁾	Commercial-related loans include multi-family mortgage, nonresidential real estate, and commercial loans and leases.

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

	2025			2024
	IQ			IVQ			IIIQ			IIQ			IQ
SUBSTANDARD PERFORMING LOANS
One–to–four family residential real estate	$	175		$	218		$	164		$	167		$	204
Multi–family residential real estate		9,000			1,168			686			1,421			—
Nonresidential real estate		433			441			449			457			465
Commercial loans and leases		2,230			2,628			4,700			3,154			3,606
Consumer		3			4			3			3			5
	$	11,841		$	4,459		$	6,002		$	5,202		$	4,280

ALLOWANCE FOR CREDIT LOSSES
Beginning balance	$	7,571		$	7,899		$	8,142		$	8,249		$	8,345
Charge–offs:
Multi–family residential real estate		—			(5	)		—			—			—
Commercial loans and leases		(36	)		(4,968	)		(731	)		(10	)		(158	)
Consumer		(10	)		(7	)		(12	)		(12	)		(13	)
		(46	)		(4,980	)		(743	)		(22	)		(171	)
Recoveries:
One–to–four family residential real estate		2			1			22			2			3
Multi–family residential real estate		2			2			6			4			6
Commercial loans and leases		10			2			—			7			5
Consumer		1			1			—			—			—
		15			6			28			13			14

Net charge–offs		(31	)		(4,974	)		(715	)		(9	)		(157	)
Provision for (recovery of) credit losses - loans		(261	)		4,646			472			(98	)		61
Ending balance	$	7,279		$	7,571		$	7,899		$	8,142		$	8,249

Allowance for credit losses to total loans		0.86	%		0.85	%		0.85	%		0.82	%		0.81	%
Net charge–offs ratio⁽¹⁾		(0.01	)		(2.19	)		(0.30	)		—			(0.06	)

⁽¹⁾	Annualized

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

	2025			2024
	IQ			IVQ			IIIQ			IIQ			IQ
DEPOSITS
Noninterest–bearing demand	$	231,935		$	238,826		$	226,882		$	262,585		$	256,698
Interest–bearing NOW accounts		288,857			277,059			276,551			287,668			297,010
Money market accounts		308,924			305,538			306,679			311,276			309,695
Savings deposits		164,323			161,139			160,815			167,250			171,521
Certificates of deposit - retail		238,892			234,979			228,485			223,494			224,362
	$	1,232,931		$	1,217,541		$	1,199,412		$	1,252,273		$	1,259,286

SELECTED AVERAGE BALANCES
Total average assets	$	1,432,964		$	1,430,554		$	1,430,931		$	1,470,076		$	1,484,332
Total average interest–earning assets		1,363,715			1,361,554			1,359,833			1,399,280			1,415,175
Average loans		870,896			908,908			964,827			1,010,123			1,031,256
Average securities		347,092			308,981			252,735			242,591			186,339
Average stock in FHLB & FRB		7,490			7,490			7,490			7,490			7,490
Average other interest–earning assets		138,237			136,175			134,781			139,076			190,090
Total average interest–bearing liabilities		1,024,008			1,016,350			1,020,434			1,040,842			1,041,381
Average interest–bearing deposits		986,215			977,619			977,529			997,132			996,741
Average borrowings and Subordinated notes		37,793			38,731			42,905			43,710			44,640
Average stockholders’ equity		156,891			159,454			158,540			156,785			156,115

SELECTED YIELDS AND COST OF FUNDS ⁽¹⁾
Total average interest–earning assets		4.85	%		4.88	%		4.94	%		5.07	%		4.93	%
Average loans		5.23			5.15			5.07			5.32			5.21
Average securities (TEB)⁽²⁾		4.30			4.02			4.45			4.09			2.96
Average other interest–earning assets		4.57			4.95			5.46			5.51			5.51
Total average interest–bearing liabilities		1.91			1.96			2.04			1.96			1.86
Average interest–bearing deposits		1.82			1.88			1.94			1.87			1.75
Average cost of total deposits		1.46			1.52			1.57			1.49			1.39
Average cost of retail and commercial deposits		1.79			1.88			1.94			1.87			1.75
Average cost of wholesale deposits, borrowings and Subordinated notes		4.80			4.13			4.18			4.19			4.34
Average cost of funds		1.54			1.60			1.66			1.58			1.49
Net interest rate spread		2.94			2.92			2.90			3.11			3.07
Net interest margin (TEB) ⁽²⁾		3.50			3.49			3.47			3.67			3.59

⁽¹⁾	Annualized
⁽²⁾	Calculated on a tax equivalent basis assuming a federal income tax rate of 21% and an average state income tax rate of 9.5%.

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

	2025			2024
	IQ			IVQ			IIIQ			IIQ			IQ
CAPITAL RATIOS
BankFinancial Corporation ⁽¹⁾
Equity to total assets (end of period)		10.92	%		10.90	%		11.22	%		10.66	%		10.54	%
Risk–based total capital ratio		23.57			21.79			21.56			20.52			20.73
Common Tier 1 (CET1)		20.28			18.70			18.53			17.60			17.75
Risk–based tier 1 capital ratio		20.28			18.70			18.53			17.60			17.75
Tier 1 leverage ratio		10.91			10.90			11.11			10.75			10.59
Tier 1 capital	$	156,147		$	155,832		$	158,778		$	157,984		$	157,062
BankFinancial, NA ⁽²⁾
Risk–based total capital ratio		22.02	%		20.08	%		19.96	%		19.31	%		19.30	%
Common Tier 1 (CET1)		21.10			19.24			19.11			18.46			18.43
Risk–based tier 1 capital ratio		21.10			19.24			19.11			18.46			18.43
Tier 1 leverage ratio		11.38			11.23			11.48			11.32			11.03
Tier 1 capital	$	161,901		$	159,779		$	163,355		$	165,368		$	162,715

COMMON STOCK AND DIVIDENDS
Stock Prices:
Close	$	12.64		$	12.70		$	12.18		$	10.29		$	10.50
High		13.58			13.97			12.56			10.70			11.12
Low		11.53			11.36			10.01			9.60			9.65
Common shares outstanding		12,460,678			12,460,678			12,460,678			12,460,678			12,460,678
Book value per share	$	12.64		$	12.55		$	12.77		$	12.64		$	12.52
Cash dividends declared on common stock	$	0.10		$	0.10		$	0.10		$	0.10		$	0.10
Dividend payout ratio		59.88	%		(70.64	)%		62.52	%		58.39	%		72.94	%
Stock repurchases	$	—		$	—		$	—		$	—		$	156
Stock repurchases – shares		—			—			—			—			15,203

EARNINGS PER SHARE COMPUTATIONS
Net income (loss)	$	2,081		$	(1,764	)	$	1,993		$	2,134		$	1,710
Weighted average basic and dilutive common shares outstanding		12,460,678			12,460,678			12,460,678			12,460,678			12,468,052
Basic and diluted earnings (loss) per common share	$	0.17		$	(0.14	)	$	0.16		$	0.17		$	0.14

⁽¹⁾	As a small bank holding company, the Company is exempt from the Federal Reserve Board's risk-based capital and leverage rules. BankFinancial Corporation capital data is included for informational purposes only.

⁽²⁾

As a qualifying community bank pursuant to Section 201 of the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018, the Bank elected to adopt the Community Bank Leverage Ratio requirement in 2020. The Community Bank Leverage Ratio is equal to the Bank's Tier 1 Leverage Ratio. Other BankFinancial, NA capital data is included for informational purposes only.

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