BURR RIDGE, Ill., Jan. 27, 2023 (GLOBE NEWSWIRE) — The Board of Directors of BancFinancial Corporation (the “Company”) has extended the expiration date of the Company’s share repurchase authorization from April 28, 2023 to July 15, 2023. , and increased the total number of shares currently authorized for repurchase under the share repurchase program to 264,112 shares. A total of 139,112 shares remain authorized for purchase pursuant to the previous share repurchase authorization through January 26, 2023. Therefore, as of January 26, 2023, the total number of shares authorized to be repurchased increases by 125,000 shares to 264,112 shares. The share repurchase authorization will be effective through July 15, 2023.
The authorization allows the shares to be repurchased or transacted on the open market, and in accordance with any trading plan that may be adopted pursuant to Rule 10b5-1 of the Securities and Exchange Commission. The authorization will be exercised at the discretion of management, subject to the value, volume and other internal limits that will be established by the Company’s board of directors, and will be subject to the limits set forth in Securities and Exchange Commission Rule 10b-18 and other applicable legal limits . Requirements. The share buyback will be funded from specifically allocated working capital, if and when available.
The authorization does not oblige the company to buy any particular number of shares at any price per share at any time. Implementation of the authorization is dependent on sufficient liquidity to meet the authorized repurchases at then-market prices, including proceeds from the potential future declaration of dividends from the company’s bank subsidiary. Share repurchases may be suspended, terminated or modified at any time for any reason, including the market price for the Company’s stock and other market conditions, the cost of the repurchased shares, the availability of alternative investment opportunities sufficient to complete the repurchase, Liquidity and other factors are involved. deemed fit. These factors, as well as internal restrictions on trading in the Company’s shares during specific time periods, may also affect the timing and amount of share repurchases.
BankFinancial Corporation is the holding company for BankFinancial, NA, a national bank that provides banking, wealth management and fiduciary services to individuals, families and businesses in the Chicago metropolitan area and regional markets for commercial finance, equipment finance, commercial real estate or Finance and Treasury Management business clients on a national basis. BankFinancial Corporation’s common shares trade on the Nasdaq Global Select Market under the symbol “BFIN”. Additional information can be found on the Company’s website at www.bankfinancial.com. As of September 30, 2022, BankFinancial had total assets of $1.629 billion, total loans of $1.142 billion, total deposits of $1.425 billion and stockholders’ equity of $151 million.
This release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements can be identified by words such as “believes,” “will,” “expects,” “projects,” “may,” “may.” “may,” “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. Various factors could cause the Company’s actual results to differ materially from those expected at the time of this release. For a discussion of certain factors that could cause actual results to differ materially from expectations, please refer to 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 risk factors. Copies of these filings are available for free at the SEC’s web site http://www.sec.gov or that http://www.bankfinancial.com, Forward-looking statements speak only as of the date on which they are made, and the company does not undertake to update them to reflect changes.
| for more information contact: | |
| Shareholder, Analyst and Investor Inquiries: | Media Enquiries: |
| Elizabeth A. Doolan Senior Vice President – Controller bank financial Corporation Telephone: 630-425-5568 |
Greg T. Adams President – Marketing & Sales bank financial, No Telephone: 630-425-5877 |