Press Release: BankFinancial Corporation Reports Financial Results for 2018 and Will Host Conference Call and Webcast on January 23, 2019
BankFinancial Corporation Reports Financial Results for 2018 and Will Host Conference Call and Webcast on January 23, 2019
BURR RIDGE, Illinois, Jan. 22, 2019 (GLOBE NEWSWIRE) -- BankFinancial Corporation (Nasdaq - BFIN) (the "Company") announced today that the Company recorded net income of $19.3 million for the year ended December 31, 2018 and basic and diluted earnings per share for the year ended December 31, 2018 were $1.11.
For the fourth quarter of 2018, the Company recorded net income of $7.4 million and basic and diluted earnings per share of common stock of $0.44, compared to $991,000 and $0.06 per share for the fourth quarter of 2017. Net income for the fourth quarter of 2018 includes $5.1 million, net of tax, of realized and unrealized gains on sale of the Company's Class B Visa common shares and $763,000 in accrued expense, net of tax, related to certain contract termination and severance payments.
The Company's total loans increased by $56.0 million in the fourth quarter of 2018 due to growth in commercial and industrial loans, commercial leases, multi-family real estate loans and commercial real estate loans, which was partially offset by prepayments of residential loans. Total deposits increased by $56.7 million during the fourth quarter of 2018 due primarily to growth in non-interest bearing deposits and certificates of deposits. The average yield on the Company's loan portfolio for the quarter ended December 31, 2018 was 4.59%, a 9% increase compared to the fourth quarter of 2017. The increase in the average yield on loans was due to changes in the loan portfolio composition and higher market rates.
For the year 2018, commercial and industrial loans increased by $34.9 million (22.8%), multi-family real estate loans increased by $31.5 million (5.4%) and middle-market commercial leases increased by $30.6 million (29.8%). These increases were partially offset by planned declines in the balances of residential mortgage loans, commercial real estate mortgage loans and investment-grade commercial leases. Total commercial-related loan balances reached a new record level of $1.26 billion at the end of 2018, and now comprise 94.6% of the Company's total loans, compared to 92.5% at the end of 2017.
The Company's asset quality remained favorable in 2018. The ratio of nonperforming loans to total loans was 0.11% and the ratio of non-performing assets to total assets was 0.17% at December 31, 2018. Non-performing commercial-related loans represented 0.02% of total commercial-related loans.
Total retail and commercial deposits were stable in 2018. The Company introduced several new deposit account types to attract new customers and expand relationships with existing customers. The Company's liquid assets were 11.8% of total assets at December 31, 2018. The Company intends to continue to develop new products, service delivery channels and marketing capabilities to further position it for future loan and deposit growth, and the expansion of non-interest income.
The Company's capital position remained strong with a Tier 1 leverage ratio of 11.82%. During 2018, the Company increased its quarterly dividend rate by 25% to $0.10 per share from $0.08 per share. The Company repurchased 1,476,963 common shares during the year ended December 31, 2018, which represented 8.2% of the Company's common shares that were outstanding on December 31, 2017. The Company's tangible book value per share increased in 2018 by 3.3% to $11.35 per share.
"Our 2018 results reflect the successful execution of key business plan objectives, including accelerating our growth in commercial loans, maintaining strong asset quality and improving our overall efficiency. We look forward to further improvements in these positive trends in 2019," said F. Morgan Gasior, the Chairman and CEO of the Company.
The Company's Quarterly Financial and Statistical Supplement will be available today on BankFinancial's website, www.bankfinancial.com on the "Stockholder Information" page, and through the EDGAR database on the SEC's website, www.sec.gov. The Quarterly Financial and Statistical Supplement includes comparative GAAP performance data and financial measures for the most recent five quarters.
BankFinancial's management will review fourth quarter 2018 results in a conference call and webcast for stockholders and analysts on Wednesday, January 23, 2019 at 9:30 a.m. Chicago, Illinois Time. The conference call may be accessed by calling (844) 413-1780 using participant passcode 24121246. The conference call will be simultaneously webcast at www.bankfinancial.com, "Investor Relations" page. For those unable to participate in the conference call, the webcast will be archived through 11:59 p.m. Chicago Time February 13, 2019.
BankFinancial Corporation is the holding company for BankFinancial, NA, a national bank providing financial services to individuals, families and businesses through 19 full-service banking offices, located in Cook, DuPage, Lake and Will Counties, Illinois and to selected commercial loan and deposit customers on a regional or national basis. BankFinancial Corporation's common stock trades on the Nasdaq Global Select Market under the symbol BFIN. Additional information may be found at the company's website, www.bankfinancial.com.
This release includes "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause BankFinancial's actual results to differ from those expected at the time of this release. For a discussion of some of the factors that may cause actual results to differ from expectations, please refer to BankFinancial's most recent Annual Report on Form 10-K as filed with the SEC, as supplemented by subsequent filings with the SEC. Investors are urged to review all information contained in these reports, including the risk factors discussed therein. Copies of these filings are available at no cost on the SEC's web site at www.sec.gov or on BankFinancial's web site at www.bankfinancial.com. Forward looking statements speak only as of the date they are made, and we do not undertake to update them to reflect changes
For Further Information Contact:
Shareholder, Analyst and Investor Media Inquiries:
Inquiries:
Elizabeth A. Doolan Gregg T. Adams
Senior Vice President -- Finance President -- Marketing & Sales
BankFinancial Corporation BankFinancial, NA
Telephone: 630-242-7151 Telephone: 630-242-7234
(END) Dow Jones Newswires
January 22, 2019 16:15 ET (21:15 GMT)
新聞稿：銀行金融公司公佈2018年財務業績，並將於2019年1月23日主持電話會議和網絡廣播
銀行金融公司公佈2018年財務業績，並將於2019年1月23日主持電話會議和網絡廣播
伊利諾伊州Burr Ridge，2019年1月22日(環球通訊社)-BankFinancial Corporation(納斯達克-bfine)(“公司”)今天宣佈，該公司截至2018年12月31日的年度淨利潤為1，930萬美元，截至2018年12月31日的年度每股基本和稀釋收益為1.11美元。
2018年第四季度，該公司的淨利潤為740萬美元，普通股每股基本和稀釋收益為0.44美元，而2017年第四季度的每股收益分別為991，000美元和0.06美元。2018年第四季度的淨收入包括出售公司B類Visa普通股的已實現收益和未實現收益中扣除税後的510萬美元，以及與某些合同終止和遣散費有關的累計費用763 000美元，扣除税額。
2018年第四季度，由於商業和工業貸款、商業租賃、多家庭房地產貸款和商業房地產貸款的增長，該公司的貸款總額增加了5 600萬美元，而這些貸款被住宅貸款預付部分抵消。2018年第四季度，存款總額增加了5 670萬美元，主要原因是無利息存款和存款憑證的增長。2018年12月31日截止的季度，該公司貸款組合的平均收益率為4.59%，比2017年第四季度增長9%。貸款平均收益率增加的原因是貸款組合結構的變化和市場利率的提高。
2018年，商業和工業貸款增加3 490萬美元(22.8%)，多家庭房地產貸款增加3 150萬美元(5.4%)，中市場商業租賃增加3 060萬美元(29.8%)。這些增幅因住宅按揭貸款、商業地產按揭貸款及投資級商業租約的計劃跌幅而被部分抵銷。2018年末，商業相關貸款餘額達到了創紀錄的12.6億美元，目前佔公司貸款總額的94.6%，而2017年年底為92.5%。
2018年，該公司的資產質量依然良好。2018年12月31日，不良貸款佔貸款總額的比例為0.11%，不良資產與總資產的比率為0.17%。不良商業貸款佔商業貸款總額的0.02%.
2018年，零售和商業存款總額保持穩定。公司引進了幾種新的存款賬户類型，以吸引新客户並擴大與現有客户的關係。2018年12月31日，該公司的流動資產佔總資產的11.8%。該公司打算繼續開發新產品、服務提供渠道和營銷能力，以進一步定位其未來的貸款和存款增長，並擴大非利息收入。
該公司的資本狀況仍然強勁，一級槓桿率為11.82%。2018年，該公司將季度股息從每股0.08美元上調至每股0.10美元，增幅為25%。在2018年12月31日終了的一年中，該公司回購了1476963股普通股，佔2017年12月31日公司普通股的8.2%。2018年，該公司每股有形賬面價值增長3.3%，至每股11.35美元。
該公司董事長兼首席執行官F·摩根·加西爾(F.Morgan Gasior)表示：“2018年的業績反映了關鍵業務計劃目標的成功實施，包括加快商業貸款增長、保持強勁的資產質量和提高整體效率。我們期待着這些積極趨勢在2019年得到進一步改善。”
該公司的“季度財務和統計補充資料”將於今天在BankFinancial的網站www.bankFinancial al.com的“股東信息”頁面和證券交易委員會網站www.sec.gov的Edgar數據庫上查閲。“季度財務和統計補編”包括最近五個季度的一般公認會計原則比較業績數據和財務計量。
BankFinancial管理層將於2019年1月23日(星期三)上午9：30召開電話會議，並對股東和分析師進行網絡直播，審查2018年第四季度的業績。伊利諾斯州芝加哥時間。可以通過使用參與者密碼24121246呼叫(844)413-1780來訪問該電話。電話會議將同時在www.bankFinance al.com，“投資者關係”頁面上進行網播。對於無法參加電話會議的人，網播將在晚上11點59分存檔。芝加哥時間2019年2月13日。
BankFinancial公司是BankFinancial，NA的控股公司，這是一家通過19個全面服務銀行辦事處向個人、家庭和企業提供金融服務的國家銀行，位於庫克、杜佩奇、萊克和伊利諾伊州威爾縣，並在區域或國家基礎上向選定的商業貸款和存款客户提供金融服務。銀行金融公司(BankFinancial Corporation)在納斯達克全球選擇市場的普通股交易代號為bfs。更多信息可在該公司的網站www.bankFinancial al.com上找到。
本新聞稿包括1995年“私人證券訴訟改革法”中定義的“前瞻性陳述”。各種因素可能導致BankFinancial的實際結果與發佈時的預期不同。關於一些可能導致實際結果與預期不同的因素的討論，請參閲BankFinancial向SEC提交的關於表10-K的最新年度報告，以及隨後向SEC提交的文件。敦促投資者審查這些報告中所載的所有信息，包括其中討論的風險因素。這些文件的副本可在證券交易委員會的網址www.sec.gov或BankFinancial的網址www.bankfinancial.com上免費獲得。前瞻性聲明只在作出日期時才發言，我們不承諾更新這些聲明以反映變化。
欲進一步瞭解情況，請聯繫：
股東、分析師和投資者媒體查詢：
詢問：
伊麗莎白·杜蘭·格雷格·亞當斯
高級副總裁-財務總裁-營銷與銷售
銀行金融公司
Telephone: 630-242-7151 Telephone: 630-242-7234
(完)道瓊斯通訊社
January 22, 2019 16:15 ET (21:15 GMT)
