BURR RIDGE, Ill., April 29, 2022 (GLOBE NEWSWIRE) — The Board of Directors of BankFinancial Corporation (the “Company”) has extended the expiration date of the Company’s stock repurchase authorization from May 15 2022 to November 15, 2022. As of April 28, 2022, a total of 192,984 shares remained authorized for purchase under the previous authorization to buy back shares.
The authorization permits the repurchase of shares in the open market or in negotiated transactions, and in accordance with any trading plan that may be adopted pursuant to Securities and Exchange Commission Rule 10b5-1. Authorization will be used at management’s discretion, subject to price, volume and other internal limitations to be established by the Company’s Board of Directors, and the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable laws terms. Share repurchases will be funded from specifically designated working capital, if and according to availability.
The authorization does not oblige the Company to purchase at any time a specific number of shares at a given price per share. Implementation of the authorization is subject to sufficient liquidity to effect the authorized redemptions at then prevailing market prices, including proceeds from the potential future declaration of dividends by the Company’s banking subsidiary. Share buybacks may be suspended, terminated or modified at any time for any reason, including the market prices of the Company’s shares and other market conditions, the cost of share buybacks, the availability of alternative investment opportunities, sufficient liquidity to effect redemptions and other factors. deemed appropriate. These factors, as well as internal restrictions on trading in the Company’s shares during specific periods, may also affect the timing and amount of share repurchases.
BankFinancial Corporation is the holding company of BankFinancial, NA, a national bank providing banking, wealth management and trust services to individuals, families and businesses in the Chicago metropolitan area and on a regional or national basis for trade finance , equipment financing, commercial real estate finance and cash management professional clients. Common stock of BankFinancial Corporation trades on the Nasdaq Global Select Market under the symbol “BFIN”. Additional information can be found on the company’s website, www.bankfinancial.com. As of December 31, 2021, BankFinancial had total assets of $1.701 billion, total loans of $1.044 billion, total deposits of $1.488 billion, and equity of $157 million.
This release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “believes”, “will”, “expects”, “projects”. , “may”, “could”, “anticipate”, “estimate”, “intend”, “plan” and similar expressions. These statements are based on the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. A variety of factors could cause the Company’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 see the Company’s most recent Annual Report on Form 10-K filed with the SEC. Investors are urged to review all information contained in these reports, including the risk factors referred to therein. Copies of these filings are available free of charge on the SEC’s website at http://www.sec.gov or at http://www.bankfinancial.com. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them to reflect changes.
