BankFinancial (BFIN) Increases Share Buyback Authorization by 180K Shares

BankFinancial Corporation (NASDAQ: BFIN) announced today that its Board of Directors has increased the number of shares that can be repurchased in accordance with the authorization by 180,000 shares. The Company is increasing the amount of shares authorized for repurchase as part of its continued efforts to further improve total shareholder return. Pursuant to this increased share repurchase authorization, there are 355,658 shares of common stock authorized for repurchase through April 30, 2019.

The authorization permits shares to be repurchased in open market or negotiated transactions, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The authorization will be utilized at management’s discretion, subject to price, volume and other internal limitations that will be established by the Company’s Board of Directors, and to the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements. Share repurchases will be funded from available working capital.

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.

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