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Private company

BankFinancial CORP

BankFinancial CORP is a savings institution company.1 It is headquartered in Burr Ridge, Illinois.1

Last updated Oct 21, 2026.

Overview

  • IndustrySavings Institution, Federally Chartered1
  • HeadquartersBurr Ridge, Illinois1
  • Business address60 North Frontage Road, Burr Ridge, Il 605272
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Factors that could cause actual results to differ materially from the results anticipated or projected and which could materially and adversely affect our operating results, financial condition or future prospects include, but are not limited to: (i) the impact of re-pricing and competitors’ pricing initiatives on loan and deposit products; (ii) interest rate movements and/or inflation and their impact on the economy, customer behavior and our net interest margin; (iii) changes in U.S. Government or State Government budgets, appropriations or funding allocation policies or practices affecting our credit exposures to U.S. Government or State governments, agencies or related entities, or borrowers dependent on the receipt of Federal or State appropriations, including but not limited to, defense, healthcare, transportation, education and law enforcement programs; (iv) less than anticipated …3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

118.6%Net margin4
3.5%Revenue growth, 20244
2.6%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Income tax19¢$948.0K
  • Profit81¢$4.1M

Out of $3.4M in revenue.4

Where each dollar of operating cash went, fiscal 2024

  • Dividends paid66¢$5.0M
  • Share buybacks2¢$156.0K
  • Kept or used elsewhere32¢$2.4M

Out of $7.6M of cash from operations.4

Financial statements

Revenue567894$3.4M in 2024−13% since 2018
0$1.0M$2.0M$3.0M$4.0M2018: $4.0M$4.0M20182019: $3.8M$3.8M2019−3%2020: $3.2M$3.2M2020−17%2021: $3.2M$3.2M2021−0%2022: $3.3M$3.3M2022+3%2023: $3.3M$3.3M2023+1%2024: $3.4M$3.4M2024+3%
Net income567894$4.1M in 2024−79% since 2018
0$5.0M$10.0M$15.0M$20.0M2018: $19.3M$19.3M20182019: $11.7M$11.7M2019−40%2020: $9.2M$9.2M2020−21%2021: $7.4M$7.4M2021−19%2022: $10.5M$10.5M2022+42%2023: $9.4M$9.4M2023−10%2024: $4.1M$4.1M2024−57%
Fiscal year2018201920202021202220232024
Revenue$4.0M5$3.8M6$3.2M7$3.2M8$3.3M9$3.3M4$3.4M4
Interest$9.2M5$13.2M6$7.0M7$2.8M8$4.5M9$14.3M9
Income before tax$9.8M8$13.8M9$12.8M4$5.0M4
Income tax$6.7M5$4.2M6$3.6M7$2.3M8$3.3M9$3.4M4$948.0K4
Net income$19.3M5$11.7M6$9.2M7$7.4M8$10.5M9$9.4M4$4.1M4
Earnings per share$1.115$0.755$0.538$0.809$0.744$0.334
Earnings per share (diluted)$1.1113
Shares (weighted, basic)14.0M shares813.1M shares912.6M shares412.5M shares4

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Corporate structure

BankFinancial CORP sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BankFinancial CORP

  • BankFinancial CORP Burr Ridge, Illinois

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BankFinancial CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$59.2M4 Dec 31, 2024$57.8M4 Dec 31, 2023+2.5%
Accumulated depreciation$36.3M4 Dec 31, 2024$34.8M4 Dec 31, 2023+4.3%
Property and equipment, net$22.9M4 Dec 31, 2024$22.9M4 Dec 31, 2023−0.3%
Operating-lease assets (leased space)$3.5M4 Dec 31, 2024$3.9M4 Dec 31, 2023−10.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$84.8M4 Dec 31, 2024$178.5M4 Dec 31, 2023−52.5%
Marketable securities, current$34.2M4 Dec 31, 2024$29.5M4 Dec 31, 2023+15.7%
Debt securities available for sale$360.5M4 Dec 31, 2024$153.2M4 Dec 31, 2023+135.3%
Deposits held (banks)$1.2B4 Dec 31, 2024$1.3B4 Dec 31, 2023−3.5%

Properties, in its own words

We conduct our business at 18 banking offices located in the Chicago metropolitan area, and from a corporate office. We own all of our banking offices other than our corporate office in Burr Ridge and our Chicago-Lincoln Park and Northbrook banking offices, which are leased. We also operate commercial credit origination and customer service offices for the Commercial Finance, Commercial Real Estate and Equipment Finance Divisions of the Bank, all of which are leased. We believe that all of our properties and equipment are well maintained, in good operating condition and adequate for all of our present and anticipated needs.

In January 2023, we completed the previously disclosed closings of our Hazel Crest and Naperville branch offices. At the time of transfer, we recorded a $553,000 valuation adjustment on bank premises held-for-sale. During the remainder of 2023, we recorded an additional valuation adjustment of $49,000 on our Hazel Crest branch office based on the purchase price reflected in the pending sale agreement for the facility. In April 2023 we closed on the sale of the Naperville branch. The Hazel Crest branch sale was finalized in February 2024.

The rest of Item 2

We believe our remaining facilities in the aggregate are suitable and adequate to operate our banking and related business. Additional information with respect to premises and equipment is presented in Note 6 of "Notes to Consolidated Financial Statements" in Item 8 of this Annual Report on Form 10-K.

Item 2 of the 10-K filed Mar 24, 2025.3

Leadership

Who has led BankFinancial CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. F. Morgan Gasior2006–2018

Chair

  1. F. Morgan Gasior2006–2018

President

  1. Christa N. Calabrese2006–2011
  2. F. Morgan Gasior2006–2018
  3. John G. Manos2006–2020
  4. William J. Deutsch Jr.2011–2018
  5. Gregg T. Adams2015–2017

Chief financial officer

  1. Paul A. Cloutier2006–2017
2010201520202025
Board members and other officers (17)

Timeline

  1. Jan 2, 20268-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights39
  2. Dec 18, 20258-K Shareholder vote40
  3. Dec 5, 20258-K Other events41
  4. Nov 10, 20258-K Executive or director change42
  5. Oct 30, 20258-K Other events43
  6. Oct 30, 20258-K Other events44
  7. Aug 14, 20258-K Executive or director change45
  8. Aug 11, 20258-K Entered a material agreement; Regulation FD disclosure46
  9. Aug 6, 20258-K Other events47
  10. Aug 4, 20258-K Other events48
  11. Jul 25, 20258-K Shareholder vote49
  12. Jul 25, 20258-K Bylaws or fiscal year changed50
  13. Sep 7, 2006New chief executive F. Morgan Gasior becomes CEO16

Calendar

When it reported results

  1. Feb 3, 2025Reported quarterly or annual results51
  2. Nov 5, 2024Reported quarterly or annual results52
  3. Jan 31, 2024Reported quarterly or annual results53
  4. Jan 27, 2023Reported quarterly or annual results54
  5. Jan 31, 2022Reported quarterly or annual results55

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

144 filings to the SEC since October 2021: 6 annual reports, 13 quarterly reports, 63 major events, 6 insider forms, 33 large holders, 23 other. The latest 20:

  1. Apr 9, 2026SCHEDULE 13G/A EDGAR
  2. Feb 12, 2026SCHEDULE 13G/A EDGAR
  3. Feb 4, 2026SCHEDULE 13G/A EDGAR
  4. Jan 21, 2026SCHEDULE 13G/A EDGAR
  5. Jan 12, 202615-12G EDGAR
  6. Jan 6, 2026EFFECT EDGAR
  7. Jan 6, 2026POS AM EDGAR
  8. Jan 6, 2026S-8 POS EDGAR
  9. Jan 2, 20268-K EDGAR
  10. Jan 2, 202625-NSE EDGAR
  11. Dec 18, 20258-K EDGAR
  12. Dec 5, 20258-K EDGAR
  13. Nov 14, 2025SCHEDULE 13G/A EDGAR
  14. Nov 14, 2025SCHEDULE 13G/A EDGAR
  15. Nov 10, 20258-K EDGAR
  16. Oct 30, 20258-K EDGAR
  17. Oct 30, 20258-K EDGAR
  18. Oct 30, 202510-Q EDGAR
  19. Aug 14, 20258-K EDGAR
  20. Aug 13, 2025SCHEDULE 13G/A EDGAR

The 144 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 8, 2024O'Connor Aaron JDirectorBuy1,000$10.38$10.4KForm 4
May 10, 2023O'Connor Aaron JDirectorBuy500$7.42$3.7KForm 4
Feb 22, 2023O'Connor Aaron JDirectorBuy1,000$10.33$10.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024F. Morgan Gasior$504.4K$608.9K66
2024Paul A. Cloutier$330.9K$398.8K66
2024Gregg T. Adams$277.4K$326.9K66
2023Chairman of the BoardChief Executive Officer$491.5K$613.4K66
2023Executive VicePresident and Chief Financial Officer$321.3K$400.8K66
2023Marketing & Sales President$270.3K$327.0K66

SEC filer profile

How BankFinancial CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBankFinancial CORP1
  • CIK0001303942
  • Employer ID (EIN)75-31992763
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inMaryland3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6035 Savings Institution, Federally Chartered1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address60 North Frontage Road, Burr Ridge, IL 605271
  • Phone(800) 894-69001
  • Shares outstanding12,460,678 as of Oct 28, 202512
  • Public float$117.5M as of Jun 30, 20243
  • AuditorRSM US LLP, Chicago, Illinois PCAOB ID 49; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceSep 23, 20041
  • Filings907 in all: 8-K (334), 4 (207), SC 13G/A (86), 10-Q (63), 3 (30), SC 13G (23), 10-K (20), 11-K (20)1
    All 38 form types

    DEF 14A (20), DEFA14A (12), 10-K/A (11), SCHEDULE 13G/A (9), CORRESP (8), UPLOAD (7), 5 (6), SC 13D/A (6), 8-K/A (5), 4/A (4), S-1/A (4), SE (4), 10-Q/A (3), 425 (3), ARS (3), 424B3 (2), S-8 (2), SC 13D (2), SCHEDULE 13G (2), 15-12G (1), 25-NSE (1), 8-A12G (1), DEFR14A (1), EFFECT (1), POS AM (1), POS EX (1), PRE 14A (1), S-1 (1), S-3D (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Mar 24, 2025
    Quarterly report (10-Q) Oct 30, 2025
    Proxy statement (DEF 14A) Jun 16, 2025
    Latest 8-K (8-K) Jan 2, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareBFINNASDAQ

From the cover page of the 10-K filed Mar 24, 2025 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks BankFinancial CORP names in Item 1A of its 10-K filed Mar 24, 2025: 40 risks under these headings, as written.3

  • Risks Related to Competitive Matters
  • Our future growth and success will depend on our ability to compete effectively in a highly competitive environment
  • Consumers and businesses are increasingly using non-banks to complete their financial transactions, which could adversely affect our business and results of operations
  • Changes in market interest rates could adversely affect our financial condition and results of operations
  • Risks Related to our Business Strategy
  • New lines of business or new products and services may subject us to additional risks
  • Our business strategy includes growth, and our financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively
  • Risks Related to Operational Matters
  • We are subject to information security and operational risks relating to our use of technology and our communications and information systems, including the risk of cyber-attack or cyber-theft
  • Our operations rely on numerous external vendors
  • Our business and operations could be significantly impacted if we or our third-party vendors suffer failure or disruptions of information processing systems, systems failures or security breaches
  • Customer or employee fraud subjects us to additional operational risks
The other 33 risks
  • If our enterprise risk management framework is not effective at mitigating risk and loss to us, we could suffer unexpected losses and our results of operations could be materially adversely affected
  • We continually encounter technological change, and may have fewer resources than many of our larger competitors to continue to invest in technological improvements
  • The Bank’s Board of Directors utilizes internal and external cybersecurity expertise to oversee cybersecurity risk management
  • The soundness of other financial institutions could adversely affect us
  • Risks Related to our Lending Activities
  • Our commercial real estate loans constitute a concentration of credit and thus are subject to enhanced regulatory scrutiny and require us to utilize enhanced risk management techniques
  • Repayment of our commercial and commercial real estate loans typically depends on the cash flows of the borrower. If a borrower's cash flows weaken or become uncertain, the loan may need to be classified, the collateral securing the loan may decline in value and we may need to increase our credit loss reserves or record a charge-off
  • Repayment of our equipment finance transactions is typically dependent on the cash flows of the lessee, which may be unpredictable, and the collateral securing these loans may fluctuate in value
  • Our loan portfolio includes loans or asset financing agreements to the U.S. Government, State Governments, local governments or related entities, private healthcare providers and non-profit entities, and the repayment of these credit exposures is largely dependent upon the receipt of appropriations for and cash payments from government programs
  • If our allowance for credit losses is not sufficient to cover actual losses, our earnings would be adversely impacted
  • We are subject to environmental liability risk associated with lending activities
  • The foreclosure process for loans secured by real estate collateral may adversely impact our recoveries on nonperforming loans
  • Risks Related to Laws and Regulations
  • New or changing tax, accounting, and regulatory rules and interpretations could have a significant impact on our strategic initiatives, results of operations, cash flows, and financial condition
  • We could become subject to more stringent capital requirements, which could adversely impact our return on equity, require us to raise additional capital, or constrain us from paying dividends or repurchasing shares
  • Non-compliance with USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions
  • Monetary policies and regulations of the Federal Reserve Board could adversely affect our business, financial condition and results of operations
  • FDIC deposit insurance could increase in the future
  • We may become subject to enforcement actions even though non-compliance was inadvertent or unintentional
  • Our sources of funds are limited because of our holding company structure
  • Risks Related to Economic Conditions
  • Adverse changes in local economic conditions and adverse conditions in an industry on which a local market in which we do business depends could negatively affect our financial condition or results of operations
  • Inflation can have an adverse impact on our business and on our customers
  • The City of Chicago and the State of Illinois continue to experience significant financial difficulties, and this could adversely impact certain borrowers and the economic vitality of the City and State
  • Interruption of our customers' supply chains and federal funding could negatively impact their business and operations and impact their ability to repay their loans
  • Changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs, may adversely impact our business, financial condition, and results of operations.
  • Risks Related to Accounting Matters
  • Changes in management’s estimates and assumptions may have a material impact on our consolidated financial statements and our financial condition or operating results
  • Risks Related to Environmental and Other Global Matters
  • Societal responses to climate change could adversely affect our business and performance, including indirectly through impacts on our customers
  • Our business, financial condition, and results of operations could be adversely affected by natural disasters, health epidemics, and other catastrophic events
  • Other Risks Related to Our Business
  • Potential downgrades of U.S. government securities by one or more of the credit ratings agencies could have a material adverse effect on our operations, earnings and financial condition
  • Various factors may make takeover attempts that you might want to succeed more difficult to achieve, which may affect the value of shares of our common stock
  • We could record future losses on our investment securities portfolio
  • A lack of liquidity could adversely affect our financial condition and results of operations.
  • We could have insufficient liquidity to meet customer demand for funds
  • Rapid or unpredictable changes in U.S. Government policies, program or practices could adversely affect our business.
  • The emergence of a regional, national or global pandemic, and associated governmental responses, could adversely affect our financial condition and results of operations

Legal proceedings

The Company and its subsidiaries are subject to various legal actions arising in the normal course of business. In the opinion of management, based on currently available information, the resolution of these legal actions is not expected to have a material adverse effect on the Company’s results of operations.

The opening of Item 3, Legal Proceedings.3

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