BANKFINANCIAL CORPORATION (NASDAQ:BFIN) Files An 8-K Other EventsItem 8.01. Other Events.
On March28, 2018, the Board of Directors of BankFinancial Corporation (the "Company") extended the expiration date of the Company's share repurchase authorization from June30, 2018 to April30, 2019, and increased the total number of shares authorized for repurchase by 500,000 shares. The Company is extending the expiration date and increasing the amount of shares authorized for repurchase as part of its continued efforts to further improve total shareholder return, and expects repurchases may offset the distribution of shares related to the termination of the BankFinancial National Association Employee Stock Ownership Plan. to the share repurchase authorization, there are 665,476 shares of common stock authorized for repurchase through April30, 2019.
The authorization does not obligate the Company to purchase any particular number of shares at any given price per share at any time. The authorization may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. 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 without regard to the timing and amount of the distribution of shares related to the termination of the BankFinancial National Association Employee Stock Ownership Plan. This release includes “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes,” “will,” “expects,” “project,” “may,” “could,” “anticipate,” “estimates,” “intends,” “plans,” and similar expressions. 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 refer to the Company’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. Forward looking statements speak only as of the date they are made, and the Company does not undertake to update them to reflect changes.
A copy of the press release announcing this item is attached as Exhibit 99.1 to this report.
Item 9.01.Financial Statements and Exhibits.
BankFinancial CORP ExhibitEX-99.1 2 bfin-201803stockrepurchpr.htm EXHIBIT 99.1 Exhibit Exhibit No. 99.1FOR IMMEDIATE RELEASEBankFinancial Corporation Extends and Expands Share Repurchase ProgramBurr Ridge,…To view the full exhibit click here
About BANKFINANCIAL CORPORATION (NASDAQ:BFIN)
BankFinancial Corporation is the bank holding company for BankFinancial, F.S.B. (the Bank). The Bank is a full-service, community-oriented federal savings bank principally engaged in the business of commercial, family and personal banking. The Bank offers its customers a range of loan, deposit and other financial products and services through approximately 20 full-service Illinois-based banking offices located in Cook, DuPage, Lake and Will Counties, and through its Internet branch, www.bankfinancial.com. The Bank also offers its customers a range of financial products and services that are related or ancillary to loans and deposits, including cash management, funds transfers, bill payment, and other online and mobile banking transactions, automated teller machines, safe deposit boxes, trust services, wealth management and general insurance agency services. The Bank provides trust and financial planning services through its Trust Department.
