- May 4, 2022
- Posted by: Bastion team
- Category: World News
BURR RIDGE, Ill., May 03, 2022 (GLOBE NEWSWIRE) — BankFinancial Corporation (Nasdaq – BFIN) (the “BankFinancial”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 and a Quarterly Financial and Statistical Supplement in Form 8-K with the U.S. Securities and Exchange Commission (the “SEC”) today.
BankFinancial reported net income for the three months ended March 31, 2022 of $1.3 million, or $0.10 per common share, compared to net income of $1.5 million, or $0.10 per common share, for the three months ended March 31, 2021. At March 31, 2022, BankFinancial had total assets of $1.660 billion, total loans of $1.055 billion, total deposits of $1.462 billion and stockholders’ equity of $154 million.
Total net loans increased by $10.9 million (1.0%) during the quarter ended March 31, 2022. Total commercial loans and leases increased by $6.7 million (1.4%), net of $2.4 million in SBA Paycheck Protection Program payments, due to stronger originations of commercial finance transactions and higher utilization of healthcare lines of credit. Total commercial equipment finance portfolio balances decreased by $7.7 million (1.9%) as supply-chain and labor availability delayed new equipment finance transactions expected to close in the first quarter of 2022. Loan growth materially accelerated in April 2022 due to the funding of commercial loan and lease transactions originally scheduled for March 2022.
Total deposits decreased by $26.8 million during the…