BankFinancial reports Q1 EPS 22c, consensus 21c
For Q1, multifamily residential real estate loans increased by $14.5M, or 2.3%, compared to December 31, 2018. Commercial and industrial loans decreased by $15.1M, or 8.1%, due to reduced line utilization by commercial equipment lessors, and commercial leases decreased by $9.6M, or 3.2%, primarily due to the planned reduction of lower-yielding investment-grade lease balances. Residential and commercial real estate loan balances declined due to portfolio amortization and prepayments. The company said its asset quality remained favorable. The ratio of nonperforming loans to total loans was 0.11% and the ratio of non-performing assets to total assets was 0.15% at March 31. Non-performing commercial-related loans represented 0.05% of total commercial-related loans.