Henry Walzak's questions to BankFinancial (BFIN) leadership • Q4 2023
Question
As a private investor, asked about strategic actions in a falling rate environment, the potential impact of rate cuts on the bottom line, and the feasibility of achieving the previously mentioned earnings target of $1.24 per share in 2024.
Answer
The executive explained that the company is proactively locking in higher yields on the asset side to protect interest income against potential Fed rate cuts. This strategy, combined with balance sheet stability and reinvestment of cash flows, makes the goal of reaching a run-rate of $0.25 per share in the second half of 2024 possible, which would then be sustainable and buildable into 2025.