CHICAGO, March 30, 2026 (GLOBE NEWSWIRE) -- Byline Bank announced today that it has been named one of America’s Greatest Midsize Workplaces for Women 2026 by Newsweek and Plant-A Insights Group, recognizing the bank’s commitment to inclusive workplace practices. Newsweek and Plant-A Insights Group recognized companies based on a nationwide survey of over 2.6 million online employee reviews spanning 4,700 midsize companies that operate in the U.S., evaluating them across 120 key performance indicators, with ...

Financial Position - As of December 31, 2025, the company had goodwill of $181.9 million, representing 14.3% of total stockholders' equity[182]. - Total consolidated assets were reported at $9.7 billion as of December 31, 2025, with expectations to exceed $10 billion in the future[200]. - As of December 31, 2025, the company had $7.6 billion in deposits, which are subject to fluctuations due to competitive pressures and interest rate changes[208]. - Total assets increased to $9.652 billion in 2025 from $9.497 billion in 2024, representing a growth of approximately 1.6%[412]. - The total stockholders' equity increased to $1.268 billion in 2025 from $1.091 billion in 2024, representing a growth of about 16.2%[412]. - The company reported a total revenue of $7,509,369 thousand for the period[1]. - The total allowance for credit losses was maintained at a level that supports the current loan portfolio, with no loans rated as Doubtful or Loss for the years ended December 31, 2025, and 2024[540]. Regulatory Compliance - The company is subject to increased regulatory scrutiny and compliance costs upon exceeding $10 billion in total consolidated assets[200]. - Compliance with the USA PATRIOT Act and the Bank Secrecy Act is critical, with potential fines for non-compliance[194]. - The company is restricted from certain transactions with foreign national stockholders without approval from the FRB[188]. - The company may incur increased costs and operational restrictions due to compliance with privacy and data protection laws[196]. Financial Performance - Net income for 2025 was $130,051 thousand, an increase of 7.7% from $120,759 thousand in 2024[414]. - Basic earnings per share increased to $2.90 in 2025, up from $2.78 in 2024, representing a growth of 4.3%[414]. - Total interest and dividend income increased to $572,220 thousand in 2025, up from $565,929 thousand in 2024, representing a growth of 0.5%[414]. - Net interest income after provision for credit losses rose to $349,246 thousand in 2025, compared to $321,005 thousand in 2024, reflecting an increase of 8.8%[414]. - Comprehensive income for 2025 reached $170,663 thousand, significantly higher than $107,189 thousand in 2024, indicating a substantial increase[416]. Loan and Credit Quality - The allowance for credit losses for loans and leases was $109 million as of December 31, 2025, reflecting an increase from $97.988 million in 2024[406]. - The allowance for credit losses increased to $36,102,000 in 2025 from $27,041,000 in 2024, reflecting a rise of 33.5%[419]. - The company reported a total of $408,078 million in construction, land development, and other land loans, indicating a focus on real estate development[536]. - The company has a diversified loan portfolio, including installment and other loans, which totaled $17,806 thousand[540]. - The overall credit quality remains stable, with no significant deterioration in loan performance metrics reported[540]. Acquisitions and Goodwill - The company acquired First Security Bancorp, Inc. for approximately $41.5 million, with each share of First Security's common stock converted into 2.3539 shares of Byline common stock[496][497]. - The acquisition resulted in goodwill of $147,000, which is nondeductible for tax purposes, reflecting the premium paid over the fair value of net tangible and intangible assets acquired[498]. - Total assets acquired from First Security amounted to $321.99 million, including cash and cash equivalents of $62.04 million and loans of $149.70 million[501]. - The Company did not record a deferred tax valuation allowance as of December 31, 2025, indicating confidence in the realization of deferred tax assets[476]. Interest Rate Risk - The company is exposed to interest rate risk, which could affect net interest income and net interest margin due to changes in interest rates[382]. - The company’s interest rate risk management is overseen by the Board of Directors and involves simulations to estimate the impact of interest rate changes on net interest income and equity[385]. - In a +300 basis point interest rate scenario, net interest income is estimated to increase by 10.0% in 2026 and 18.2% in 2027, while the economic value of equity (EVE) is projected to decrease by 6.7%[393]. Operational Efficiency and Future Outlook - The company aims to improve operational efficiency through strategic initiatives in the upcoming fiscal year[1]. - Future outlook includes a focus on market expansion and new product development strategies[1]. - The company plans to enhance its technology research and development efforts to drive growth[1]. - The company is exploring potential mergers and acquisitions to strengthen its market position[1].

Core Viewpoint - Byline Bancorp (BY) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Business Improvement Indicators - The increase in earnings estimates and the Zacks rating upgrade suggest an improvement in Byline Bancorp's underlying business, which could lead to higher stock prices as investors respond positively [4][9]. Earnings Estimate Revisions - For the fiscal year ending December 2026, Byline Bancorp is expected to earn $3.09 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 5.2% over the past three months [7]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [8][9].

Core Viewpoint - Byline Bancorp (BY) is positioned as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][2]. Earnings Estimate Revisions - The trend in earnings estimate revisions reflects growing analyst optimism regarding Byline Bancorp's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, the earnings estimate is projected at $0.75 per share, marking a 15.4% increase from the previous year [5]. - Over the past 30 days, the Zacks Consensus Estimate for Byline Bancorp has risen by 5.63%, with two estimates moving higher and no negative revisions [5]. - For the full year, the expected earnings are $3.10 per share, representing a year-over-year increase of 3.3%, with a 5.87% rise in the consensus estimate over the same period [6][7]. Zacks Rank - Byline Bancorp currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock price outperformance [3][8]. - The Zacks Rank system has shown that stocks rated 1 have generated an average annual return of +25% since 2008, suggesting a favorable outlook for Byline Bancorp [3]. Investment Outlook - The stock has appreciated by 10.3% over the past four weeks due to strong estimate revisions, indicating potential for further upside [9].

Core Viewpoint - Byline Bancorp operates as the holding company for Byline Bank, which has 44 branches in the Chicago metropolitan area, indicating a strong local presence in the financial sector [1]. Group 1: Company Overview - Byline Bancorp is involved in the financial industry and has been discussed multiple times in 2025, highlighting its relevance and ongoing interest in the market [1]. - The company operates primarily in the Chicago metropolitan area, which may provide insights into its market strategy and customer base [1]. Group 2: Market Perspective - The financial markets are viewed as efficient, with most stocks reflecting their real current value, suggesting that Byline Bancorp's stock may be accurately priced in the market [1]. - Opportunities for profit are believed to arise from stocks that are less widely followed or do not accurately reflect market opportunities, indicating potential areas for investment focus [1].

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Core Insights - Byline Bancorp reported a strong fourth-quarter performance with a net income of $34.5 million, or $0.76 per diluted share, on revenue of $117 million, indicating solid returns and profitability metrics [1][3] - The company aims to close and integrate the First Security transaction in a single quarter, upgrade customer-facing technology, and prepare to exceed $10 billion in assets by 2026 [2][11] - Byline was recognized as one of America's Best Workplaces for 2026, reflecting its commitment to employee satisfaction and low turnover [4] Financial Performance - Net interest income reached a record high of $101 million in Q4, up 1.4% sequentially and 10.7% year-over-year, driven by loan growth and lower deposit rates [7] - Revenue increased by 1.1% from the previous quarter and 12% year-over-year, attributed to higher net interest income [5] - The net interest margin expanded to 4.35%, up eight basis points from the prior quarter and 25 basis points year-over-year [8] Capital Management - The company returned $42 million to shareholders during the year and increased its quarterly dividend by 20% [2][4] - Total deposits decreased by 2.3% from Q3 to $7.6 billion, reflecting balance sheet management strategies [9] - Byline's capital levels improved, with a CET1 ratio of 12.33% at quarter-end, up 18 basis points sequentially and 63 basis points year-over-year [11] Credit Quality - Asset quality remained stable, with quarterly credit costs totaling $9.7 million, driven by net charge-offs and reserve builds [9] - The allowance for credit losses ended the quarter at 1.45% of total loans, with non-performing loans increasing to 95 basis points [9] - Management emphasized disciplined credit monitoring and guidance of net charge-offs in the range of 30–40 basis points [10] Strategic Initiatives - The company is focusing on organic growth, credit discipline, and maintaining capital flexibility through dividends and buybacks [15] - Byline's commercial payments business, launched in April, has onboarded six customers and added approximately $70 million in liability balances [14] - Management expects to grow fee income from various initiatives, including wealth management and SBA-related services [13]

Financial Data and Key Metrics Changes - For the full year 2025, net income was $130.1 million, or $2.89 per diluted share, on revenue of $446 million, representing a 9.7% year-over-year increase [13] - The pre-tax pre-provision ROA was 219 basis points, ROA was 136 basis points, and ROTCE was 13.5% [14] - For Q4 2025, net income was $34.5 million, or $0.76 per diluted share, on revenue of $117 million, with revenue up 1.1% from the prior quarter and 12% year-over-year [15] - Tangible book value per share grew by approximately 17% [12] Business Line Data and Key Metrics Changes - Year-on-year loan growth was 8.9%, while deposits grew by 2.5% [14] - In Q4, loans grew by 3% linked quarter, with origination activity consistent at $323 million, primarily from commercial and leasing businesses [15] - Total loans stood at $7.5 billion at year-end, with origination activity up 22% compared to the prior quarter [18] Market Data and Key Metrics Changes - The company is positioned as the largest local community bank and the second largest local commercial bank in Chicago, with significant growth opportunities in the market [6][8] - The Chicago banking market offers substantial opportunities for growth and development, with Byline well-positioned to lead [6] Company Strategy and Development Direction - The company aims to become the preeminent local commercial bank, focusing on organic growth and maintaining a disciplined credit approach [9][24] - A new commercial payments business was launched, with six customers onboarded and additional customers in the pipeline [23] - The company is preparing to cross the $10 billion asset threshold in 2026 while monitoring the regulatory environment closely [23] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment has evolved with elevated interest rates and increased macroeconomic uncertainty, but they remained focused on serving customers and executing their strategy [12] - The company expressed optimism about its competitive position and ability to capitalize on opportunities, emphasizing a strong team and operational leverage [24] Other Important Information - The board approved a 20% increase in the quarterly dividend, reflecting confidence in the company's financial performance [5][17] - The company repurchased approximately 346,000 shares and authorized a new repurchase program for up to 5% of outstanding shares [16] Q&A Session Summary Question: Areas of growth and efficiency - Management highlighted excitement around the commercial payments team and the potential for growth in the commercial banking space in Chicago [30][32] Question: Capital return strategy - Management indicated a focus on maintaining flexibility with capital, returning excess capital to shareholders through dividends and share repurchases [33][35] Question: Loan growth outlook - Management expects mid-single-digit loan growth, primarily driven by commercial lending, with real estate growth dependent on transaction activity [44] Question: Net interest income outlook - Management noted that while the first quarter typically sees lower activity, they expect stable to growing net interest income throughout the year [46][48] Question: Credit quality outlook - Management indicated no material changes in credit quality, maintaining a consistent guidance range for net charge-offs [50][98]

Financial Data and Key Metrics Changes - For the full year 2025, net income was $130.1 million, or $2.89 per diluted share, on revenue of $446 million, representing a 9.7% year-over-year increase [12] - The pre-tax pre-provision ROA was 219 basis points, ROA was 136 basis points, and ROTCE was 13.5% [12] - For Q4 2025, net income was $34.5 million, or $0.76 per diluted share, on revenue of $117 million, with profitability metrics remaining solid [13] Business Line Data and Key Metrics Changes - Year-on-year loan growth was 8.9%, while deposits grew by 2.5% [12] - In Q4, loans grew by 3% linked quarter, with origination activity consistent at $323 million, primarily from commercial and leasing businesses [14] - Non-interest income increased, contributing to a 12% year-over-year revenue growth [14] Market Data and Key Metrics Changes - The company is positioned as the largest local community bank and the second largest local commercial bank in Chicago, with significant growth opportunities in the market [5][7] - The company is preparing to cross the $10 billion asset threshold in 2026, which will enhance its competitive position [22] Company Strategy and Development Direction - The company aims to become the preeminent local commercial bank, focusing on organic growth and maintaining a disciplined credit approach [22][23] - A new commercial payments business was launched, with six customers onboarded and additional customers in the pipeline [22] - The company emphasizes a people-first banking approach, which has contributed to low employee turnover and high engagement [6][8] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment has been characterized by elevated interest rates and macroeconomic uncertainty, but the company remained focused on serving customers and executing its strategy [11] - The outlook for net interest income is based on a forward curve that assumes a 50 basis point decline in the Fed funds rate for 2026 [18] - Management expressed confidence in the company's ability to generate sustainable growth and return capital to shareholders through dividends and share repurchases [34] Other Important Information - The board approved a 20% increase in the quarterly dividend, reflecting strong financial performance [4][16] - The company repurchased approximately 346,000 shares during the quarter and authorized a new repurchase program for up to 5% of outstanding shares [15][34] Q&A Session Summary Question: Areas of growth and efficiency - Management highlighted excitement around the commercial payments team and the potential for growth in the commercial banking space in Chicago [30] Question: Capital return strategy - Management indicated a focus on maintaining flexibility with capital, returning excess capital to shareholders through dividends and share repurchases [32][34] Question: Loan growth outlook - Management expects mid-single-digit loan growth, primarily driven by commercial lending, with real estate activity dependent on transaction volume [43] Question: Net interest income outlook - Management noted that while the first quarter typically sees lower activity, they expect stable to growing net interest income throughout the year [45][46] Question: Credit quality outlook - Management maintained guidance for net charge-offs in the range of 30-40 basis points, with no material changes in credit quality expected [49] Question: Commercial payments business - Management clarified that the commercial payments team is focused on onboarding clients such as payroll processing companies and fintechs, with a deliberate approach to growth [70][72]

Financial Data and Key Metrics Changes - For the full year 2025, net income was $130.1 million, or $2.89 per diluted share, on revenue of $446 million, reflecting a 9.7% year-over-year increase [12] - The pre-tax pre-provision ROA was 219 basis points, ROA was 136 basis points, and ROTCE was 13.5% [12] - Tangible book value per share grew by approximately 17% [11] - In Q4 2025, net income was $34.5 million, or $0.76 per diluted share, on revenue of $117 million, with a 12% year-over-year revenue increase [12][13] Business Line Data and Key Metrics Changes - Total loans increased to $7.5 billion at year-end, with annual growth of $3.3 million and a 22% increase in origination activity compared to the prior quarter [17] - Deposits were $7.6 billion for the quarter, down 2.3% from the prior quarter, primarily due to balance sheet management [17] - Net interest income reached a record high of $101 million in Q4, up 1.4% from the prior quarter, driven by loan growth and lower deposit costs [18] Market Data and Key Metrics Changes - The company is positioned as the largest local community bank and the second largest local commercial bank in Chicago, with significant growth opportunities in the market [5][7] - The company expects to cross the $10 billion asset threshold in 2026, which will enhance its competitive position [22] Company Strategy and Development Direction - The company aims to become the preeminent local commercial bank, focusing on organic growth and maintaining a people-first banking approach [5][6] - A new commercial payments business was launched, with six customers onboarded and additional customers in the pipeline [22] - The company emphasizes credit discipline and monitoring its portfolio closely to address issues quickly [23] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment has evolved with elevated interest rates and increased macroeconomic uncertainty, but the company remained focused on serving customers and executing its strategy [11] - The outlook for net interest income is based on a forward curve assuming a 50 basis point decline in the Fed funds rate for 2026 [18] - Management expressed confidence in the company's competitive position and ability to capitalize on opportunities [23] Other Important Information - The board approved a 20% increase in the quarterly dividend, reflecting strong financial performance and confidence in future results [5][16] - The company repurchased approximately 346,000 shares and authorized a new repurchase program for up to 5% of outstanding shares [15][16] Q&A Session Summary Question: Areas of excitement for scaling up and efficiency - Management highlighted excitement around the commercial payments team and the potential for growth in the commercial banking space in Chicago [30] Question: Capital returns to shareholders and M&A environment - Management indicated a focus on maintaining flexibility with capital, returning excess capital to shareholders, and pursuing organic growth [32][34] Question: Loan growth outlook and segments driving growth - Management expects mid-single-digit loan growth, primarily driven by commercial banking categories [43] Question: Net interest income outlook for Q1 - Management noted that Q1 is typically a seasonally low quarter, but stable to growing NII is expected throughout the year [45][46] Question: Credit quality and net charge-offs outlook - Management provided guidance for net charge-offs in the range of 30-40 basis points for the upcoming year [50] Question: Commercial payments team and client types - Management clarified that clients include payroll processing companies and fintechs, with a deliberate onboarding process [72] Question: Impact of government shutdown on SBA business - Management stated that the impact was immaterial [76]