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Bankfinancial's Business Segments
Bankfinancial's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
3
Largest Segment
Deposit Account
Total Revenue
$ 14
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Deposit Account7.3%
- Bank Servicing2.3%
- Credit and Debit Card2.2%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Deposit Account | $ 1 | 7.3% |
| Bank Servicing | $ 0 | 2.3% |
| Credit and Debit Card | $ 0 | 2.2% |
Annual Results
Revenue Share by Reportable Segment - FY
- Deposit Account7.3%
- Bank Servicing2.3%
- Credit and Debit Card2.2%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Deposit Account | $ 1 | 7.3% |
| Bank Servicing | $ 0 | 2.3% |
| Credit and Debit Card | $ 0 | 2.2% |
Description of Bankfinancial
BankFinancial Corporation, a Maryland corporation headquartered in Burr Ridge,
Illinois, became the owner of all of the issued and outstanding capital stock
of BankFinancial, F.S.B. (the “Bank”) on June 23, 2005, when we consummated
a plan of conversion and reorganization that the Bank and its predecessor holding
companies, BankFinancial MHC, Inc. and BankFinancial Corporation, a federal corporation,
adopted on August 25, 2004. BankFinancial Corporation, the Maryland corporation,
was organized in 2004 to facilitate the mutual-to-stock conversion and to become
the holding company for the Bank upon its completion.
Bankfinancial Corp operates as a financial institution that provides a broad range of banking and financial services. While the company aggregates its operations into a single reportable operating segment for management purposes, it offers a diverse array of products and services, each contributing to its overall revenue streams. Here is an extensive overview of the key segments, products, and services offered by Bankfinancial Corp:
1. Consumer Banking
a. Deposit Products:
- Checking Accounts: Offering various types of checking accounts, including free checking, interest-bearing accounts, and specialized accounts for students or seniors.
- Savings Accounts: Traditional savings accounts with competitive interest rates and features such as online banking access and ATM debit card availability.
- Certificates of Deposit (CDs): Time deposits with varying terms and interest rates, allowing customers to lock in rates over a specific period.
b. Consumer Loans:
- Personal Loans: Unsecured loans for personal needs, which can be used for various purposes, including debt consolidation or major purchases.
- Automobile Loans: Financing options for the purchase of new or used vehicles, providing flexible repayment terms.
- Home Equity Loans and Lines of Credit: Secured loans based on home equity, allowing homeowners to borrow against the value of their property.
Commercial Banking
a. Business Deposit Products:
- Business Checking Accounts: Tailored accounts for small to mid-size businesses, including options for managing payroll and operational expenses.
- Business Savings Accounts: Savings options designed to help businesses manage cash reserves while earning interest.
b. Commercial Loans:
- Term Loans: Loans for short- or long-term business financing needs, including equipment purchases or expansion projects.
- Line of Credit: Flexible credit options enabling businesses to draw funds as necessary for day-to-day operations or unexpected expenses.
- SBA Loans: Loans that are backed by the Small Business Administration, offering favorable terms for qualified small businesses.
Mortgage Services
- Residential Mortgages: A variety of mortgage products for homebuyers, including fixed-rate, adjustable-rate, and government-backed loans (e.g. FHA and VA loans).
- Refinancing Options: Services that aid existing homeowners in refinancing their mortgages for better rates or different terms.
Wealth Management and Investment Services
- Investment Advisory: Personalized investment consulting to help clients create and manage diversified investment portfolios that align with their financial goals.
- Retirement Planning: Services designed to assist individuals in preparing for retirement, including retirement account setups and strategies to maximize retirement income.
- Trust and Estate Services: Assistance with estate planning, including the establishment of trusts to manage and protect assets for beneficiaries.
Insurance Products
- Personal Insurance: Offering life, health, and property insurance products to safeguard individual clients financial well-being.
- Business Insurance: Coverage options for businesses, including liability, property, and workers compensation insurance.
Online and Mobile Banking Services
- Online Banking: Comprehensive online banking services allowing customers to manage accounts, transfer funds, pay bills, and view statements online.
- Mobile Banking App: A user-friendly mobile application that facilitates banking transactions, including mobile check deposits and account monitoring.
Financial Education and Resources
- Workshops and Seminars: Educational programs designed to help clients understand financial products and make informed financial decisions.
- Financial Tools: Resources such as budgeting calculators and financial planning guides available on the institutions platform to assist customers in managing their finances.
Conclusion
While Bankfinancial Corp operates under a single reportable operating segment, the depth and breadth of its offerings span various customer needs within personal and commercial banking, wealth management, and insurance. Each of these distinctive service lines contributes to the aggregated financial performance of the company, and management continues to evaluate performance trends across these diverse products and services. Through a consolidated operational approach, Bankfinancial Corp aims to provide comprehensive financial solutions tailored to meet the needs of its diverse client base, ensuring steady growth and customer satisfaction.
1. Consumer Banking
a. Deposit Products:
- Checking Accounts: Offering various types of checking accounts, including free checking, interest-bearing accounts, and specialized accounts for students or seniors.
- Savings Accounts: Traditional savings accounts with competitive interest rates and features such as online banking access and ATM debit card availability.
- Certificates of Deposit (CDs): Time deposits with varying terms and interest rates, allowing customers to lock in rates over a specific period.
b. Consumer Loans:
- Personal Loans: Unsecured loans for personal needs, which can be used for various purposes, including debt consolidation or major purchases.
- Automobile Loans: Financing options for the purchase of new or used vehicles, providing flexible repayment terms.
- Home Equity Loans and Lines of Credit: Secured loans based on home equity, allowing homeowners to borrow against the value of their property.
Commercial Banking
a. Business Deposit Products:
- Business Checking Accounts: Tailored accounts for small to mid-size businesses, including options for managing payroll and operational expenses.
- Business Savings Accounts: Savings options designed to help businesses manage cash reserves while earning interest.
b. Commercial Loans:
- Term Loans: Loans for short- or long-term business financing needs, including equipment purchases or expansion projects.
- Line of Credit: Flexible credit options enabling businesses to draw funds as necessary for day-to-day operations or unexpected expenses.
- SBA Loans: Loans that are backed by the Small Business Administration, offering favorable terms for qualified small businesses.
Mortgage Services
- Residential Mortgages: A variety of mortgage products for homebuyers, including fixed-rate, adjustable-rate, and government-backed loans (e.g. FHA and VA loans).
- Refinancing Options: Services that aid existing homeowners in refinancing their mortgages for better rates or different terms.
Wealth Management and Investment Services
- Investment Advisory: Personalized investment consulting to help clients create and manage diversified investment portfolios that align with their financial goals.
- Retirement Planning: Services designed to assist individuals in preparing for retirement, including retirement account setups and strategies to maximize retirement income.
- Trust and Estate Services: Assistance with estate planning, including the establishment of trusts to manage and protect assets for beneficiaries.
Insurance Products
- Personal Insurance: Offering life, health, and property insurance products to safeguard individual clients financial well-being.
- Business Insurance: Coverage options for businesses, including liability, property, and workers compensation insurance.
Online and Mobile Banking Services
- Online Banking: Comprehensive online banking services allowing customers to manage accounts, transfer funds, pay bills, and view statements online.
- Mobile Banking App: A user-friendly mobile application that facilitates banking transactions, including mobile check deposits and account monitoring.
Financial Education and Resources
- Workshops and Seminars: Educational programs designed to help clients understand financial products and make informed financial decisions.
- Financial Tools: Resources such as budgeting calculators and financial planning guides available on the institutions platform to assist customers in managing their finances.
Conclusion
While Bankfinancial Corp operates under a single reportable operating segment, the depth and breadth of its offerings span various customer needs within personal and commercial banking, wealth management, and insurance. Each of these distinctive service lines contributes to the aggregated financial performance of the company, and management continues to evaluate performance trends across these diverse products and services. Through a consolidated operational approach, Bankfinancial Corp aims to provide comprehensive financial solutions tailored to meet the needs of its diverse client base, ensuring steady growth and customer satisfaction.