Core profitability remains constrained by a stubbornly flat net interest margin of 0.8% and an efficiency ratio that has fluctuated as high as 65.5% over the last ten quarters.
| Metric | TTM | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Net Interest Income | 46.08M | 48.44M | 51.83M | 50.81M | 43.77M | 45.89M | 52.19M | 52.07M | 50.09M | 46.96M | 46.15M | 46.3M | 45.74M | 56.28M | 62.79M | 51.75M | 53.55M | 52.29M | 53.65M | 56.6M | 51.41M | 43.27M |
| NII Growth % | -24.92% | -6.54% | 2% | 16.09% | -4.61% | -12.08% | 0.23% | 3.95% | 6.67% | 1.76% | -0.33% | 1.23% | -18.73% | -10.37% | 21.34% | -3.36% | 2.41% | -2.53% | -5.21% | 10.09% | 18.82% | - |
| Net Interest Margin % | 3.17% | 3.38% | 3.48% | 3.23% | 2.57% | 2.87% | 3.51% | 3.28% | 3.08% | 2.9% | 3.05% | 3.16% | 3.15% | 3.8% | 4.02% | 3.38% | 3.42% | 3.36% | 3.62% | 3.51% | 3.18% | 2.9% |
| Interest Income | 65.83M | 68.57M | 66.16M | 55.3M | 46.57M | 52.88M | 65.41M | 61.29M | 56.18M | 50.93M | 48.96M | 49.35M | 49.39M | 60.73M | 69.71M | 64.94M | 74.11M | 77.96M | 91.95M | 94.09M | 79.92M | 66.3M |
| Interest Expense | 19.76M | 20.13M | 14.33M | 4.48M | 2.79M | 6.99M | 13.22M | 9.22M | 6.09M | 3.97M | 2.81M | 3.05M | 3.65M | 4.45M | 6.92M | 13.19M | 20.56M | 25.67M | 38.3M | 37.49M | 28.8M | 23.47M |
| Loan Loss Provision | 6.34M | 5.03M | 313K | 1.83M | -1.24M | 55K | 3.83M | 145K | -87K | -239K | -3.21M | -736K | -687K | 31.52M | 22.72M | 12.08M | 8.81M | 5.09M | 697K | -136K | 518K | -22K |
| Non-Interest Income | 6.87M | 5.81M | 5.01M | 5.98M | 5.69M | 5.37M | 6.17M | 14.78M | 6.41M | 6.66M | 6.83M | 6.85M | 8.35M | 8.2M | 8.43M | 7.62M | 7.71M | 9.12M | 9.65M | 10.51M | 8.96M | 9.06M |
| Non-Interest Income % | 9.45% | 7.81% | 7.04% | 9.75% | 10.89% | 9.21% | 8.62% | 19.43% | 10.24% | 11.56% | 12.24% | 12.19% | 14.45% | 11.9% | 10.79% | 10.5% | 9.42% | 10.47% | 9.5% | 10.05% | 10.08% | 12.02% |
| Total Revenue | 72.71M | 74.38M | 71.17M | 61.27M | 52.26M | 58.24M | 71.58M | 76.07M | 62.59M | 57.59M | 55.79M | 56.2M | 57.74M | 68.93M | 78.14M | 72.56M | 81.81M | 87.08M | 101.6M | 104.59M | 88.88M | 75.36M |
| Revenue Growth % | -10.4% | 4.52% | 16.15% | 17.26% | -10.28% | -18.64% | -5.9% | 21.54% | 8.69% | 3.21% | -0.73% | -2.66% | -16.23% | -11.79% | 7.69% | -11.31% | -6.04% | -14.3% | -2.86% | 17.69% | 17.94% | - |
| Non-Interest Expense | 44.74M | 44.2M | 43.77M | 41.13M | 40.94M | 38.44M | 38.64M | 40.66M | 40.39M | 41.65M | 42.09M | 44.59M | 51.47M | 60.07M | 84.82M | 54.34M | 53.2M | 87.75M | 52.48M | 52.37M | 44.21M | 50.72M |
| Efficiency Ratio | 61.54% | 59.43% | 61.51% | 67.12% | 78.35% | 66% | 53.98% | 53.45% | 64.54% | 72.33% | 75.43% | 79.35% | 89.15% | 87.15% | 108.55% | 74.9% | 65.02% | 100.78% | 51.66% | 50.07% | 49.74% | 67.3% |
| Operating Income | 1.86M | 5.02M | 12.75M | 13.84M | 9.76M | 12.76M | 15.9M | 26.05M | 16.19M | 12.2M | 14.1M | 9.3M | 3.3M | -27.11M | -36.32M | -7.05M | -751K | -31.44M | 10.12M | 14.87M | 15.35M | 1.19M |
| Operating Margin % | 2.57% | 6.75% | 17.92% | 22.58% | 18.67% | 21.91% | 22.21% | 34.24% | 25.87% | 21.19% | 25.27% | 16.54% | 5.71% | -39.33% | -46.48% | -9.72% | -0.92% | -36.1% | 9.96% | 14.22% | 17.27% | 1.58% |
| Operating Income Growth % | - | -60.63% | -7.83% | 41.78% | -23.53% | -19.73% | -38.97% | 60.85% | 32.74% | -13.48% | 51.66% | 181.9% | 112.17% | 25.36% | -414.9% | -839.28% | 97.61% | -410.7% | -31.97% | -3.12% | 1186.76% | - |
| Pretax Income | 1.86M | 5.02M | 12.75M | 13.84M | 9.76M | 12.76M | 15.9M | 26.05M | 16.19M | 12.2M | 14.1M | 9.3M | 3.3M | -27.11M | -36.32M | -7.05M | -751K | -31.44M | 10.12M | 14.87M | 15.35M | 1.19M |
| Pretax Margin % | 2.57% | 6.75% | 17.92% | 22.58% | 18.67% | 21.91% | 22.21% | 34.24% | 25.87% | 21.19% | 25.27% | 16.54% | 5.71% | -39.33% | -46.48% | -9.72% | -0.92% | -36.1% | 9.96% | 14.22% | 17.27% | 1.58% |
| Income Tax | -452K | 948K | 3.36M | 3.34M | 2.35M | 3.6M | 4.22M | 6.71M | 7.19M | 4.7M | 5.42M | -31.32M | 0 | 0 | 12.38M | -2.75M | -13K | -12.05M | 2.96M | 4.83M | 4.28M | -264K |
| Effective Tax Rate % | -24.24% | 18.88% | 26.34% | 24.15% | 24.06% | 28.19% | 26.58% | 25.74% | 44.4% | 38.51% | 38.48% | -336.85% | 0% | 0% | -34.07% | 38.94% | 1.73% | 38.32% | 29.28% | 32.45% | 27.87% | -22.13% |
| Net Income | 2.32M | 4.07M | 9.39M | 10.49M | 7.41M | 9.16M | 11.67M | 19.34M | 9M | 7.5M | 8.68M | 40.61M | 3.3M | -27.11M | -48.7M | -4.31M | -738K | -19.39M | 7.16M | 10.05M | 11.07M | 1.46M |
| Net Margin % | 3.19% | 5.48% | 13.2% | 17.13% | 14.18% | 15.73% | 16.31% | 25.43% | 14.39% | 13.03% | 15.55% | 72.27% | 5.71% | -39.33% | -62.32% | -5.94% | -0.9% | -22.27% | 7.04% | 9.6% | 12.46% | 1.93% |
| Net Income Growth % | -70.73% | -56.64% | -10.49% | 41.62% | -19.13% | -21.5% | -39.65% | 114.82% | 20.02% | -13.52% | -78.64% | 1131.47% | 112.17% | 44.33% | -1030.62% | -483.6% | 96.19% | -370.99% | -28.78% | -9.27% | 659.99% | - |
| Net Income (Continuing) | 2.32M | 4.07M | 9.39M | 10.49M | 7.41M | 9.16M | 11.67M | 19.34M | 9M | 7.5M | 8.68M | 40.61M | 3.3M | -27.11M | -48.7M | -4.31M | -738K | -19.39M | 7.16M | 10.05M | 11.07M | 1.46M |
| EPS (Diluted) | 0.19 | 0.33 | 0.74 | 0.80 | 0.53 | 0.61 | 0.75 | 1.11 | 0.49 | 0.39 | 0.44 | 2.01 | 0.16 | -1.36 | -2.46 | -0.22 | -0.04 | -0.98 | 0.35 | 0.45 | 0.29 | 0.06 |
| EPS Growth % | -70.13% | -55.41% | -7.5% | 50.94% | -13.11% | -18.67% | -32.43% | 126.53% | 25.64% | -11.36% | -78.11% | 1156.25% | 111.76% | 44.72% | -1018.18% | -450% | 95.92% | -380% | -22.22% | 55.17% | 386.58% | - |
| EPS (Basic) | - | 0.33 | 0.74 | 0.80 | 0.53 | 0.61 | 0.75 | 1.11 | 0.49 | 0.40 | 0.44 | 2.01 | 0.16 | -1.36 | -2.46 | -0.22 | -0.04 | -0.98 | 0.35 | 0.45 | 0.29 | 0.06 |
| Diluted Shares Outstanding | 12.46M | 12.46M | 12.62M | 13.07M | 14.03M | 14.95M | 15.6M | 17.43M | 18.38M | 19.24M | 19.72M | 20.19M | 20.02M | 19.93M | 19.77M | 19.66M | 19.7M | 19.82M | 20.66M | 22.37M | 22.54M | 24.47M |
Chicago real estate concentration
As reported in recent financial filings, BankFinancial's net interest income has trended downward from $13.0 million in 2023Q3 to $11.6 million by 2025Q3, reflecting a persistent contraction in interest-earning capacity that suggests significant pressure on the bank's core revenue generation capabilities within its primary Illinois market.
The consistent decline in NII suggests that the bank is struggling to offset rising deposit costs with sufficient asset repricing. This trend implies that the institution's reliance on a hyper-local Chicago deposit base may be forcing higher funding costs that compress the net interest spread.
Based on quarterly data, the net interest margin has remained stubbornly flat at 0.8% for the majority of the last ten quarters, indicating that the bank has been unable to expand its yield spread despite shifts in the broader interest rate environment over the observed period.
A static NIM of 0.8% suggests a lack of pricing power in the competitive Chicago commercial lending landscape. Investors should monitor whether this margin compression is a structural feature of the bank's current asset-liability mix or a temporary outcome of its specific commercial leasing portfolio strategy.
According to the provided income statement data, the efficiency ratio has fluctuated between 54.9% and 65.5% over the last ten quarters, highlighting a lack of operating leverage that appears to constrain the bank's ability to translate top-line revenue into meaningful bottom-line profitability for shareholders.
The volatility in the efficiency ratio suggests that non-interest expenses are not scaling effectively with revenue. This may indicate that the bank's 19-branch footprint and associated overhead costs are disproportionately high relative to its current interest income generation, warranting further investigation into potential cost rationalization.
As evidenced by the significant swings in provision expense, including a $4.7 million charge in 2024Q4 followed by a $2.3 million charge in 2025Q2, the bank's earnings are highly sensitive to management's qualitative assessments of credit risk within its concentrated multi-family and commercial real estate portfolio.
These large, irregular provision swings suggest that the bank's earnings quality is susceptible to localized economic shocks in the Chicago MSA. The inconsistency in these charges implies that the institution may be navigating a challenging credit cycle that requires frequent adjustments to its allowance for credit losses.
Quick answers to the most common questions about buying BFIN stock.
BankFinancial Corporation (BFIN) is profitable, generating $4.1M in net income for the fiscal year ending 2024 with a net profit margin of 5.5%.
BankFinancial Corporation (BFIN) reported an operating income of $5.0M, resulting in an operating profit margin of 6.8%. This margin reflects the operational efficiency of the business before interest and taxes.
BankFinancial Corporation (BFIN) generated $49.2M in gross profit for the year, representing a gross profit margin of 66.2%. This demonstrates the company's core pricing power and production efficiency.