BankFinancial reports $8.7 million net income in 2015

BURR RIDGE - BankFinancial Corp. said it recorded net income of $8.7 million and earnings per share of common stock of 44 cents per share for the year ended Dec. 31, 2015.

For the year 2015, the company's total loans increased by $59.9 million (5 percent), and its total investment and business loans increased by $78.2 million (8 percent). The company enjoyed balanced net loan growth in its multifamily/commercial real estate portfolio ($17.9 million) and its commercial/industrial loan and lease portfolio ($60.9 million).

Nonperforming loans declined to 0.29 percent of loans receivable compared to 1.03 percent at Dec. 31, 2014, and nonperforming assets declined to 0.7 percent of total assets compared to 1.27 percent at Dec. 31, 2014. The company's core deposits remained stable, with the ratio of core deposits to total deposits increasing to 81.6 percent. The company's liquid assets exceeded 12 percent of total assets. The company's capital ratios remained strong with a Tier 1 capital ratio of 13.26% and a Tier 1 risk-based capital ratio of 17.01 percent.

"Our 2015 results reflect the successful execution of key business plan objectives, including achieving and maintaining sustainable loan growth in our targeted loan categories, restoring our historical asset quality and improving our overall efficiency. We look forward to further improvements in these very positive trends in 2016," said Chairman and CEO F. Morgan Gasior.