UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Commission File Number 001-38139 Byline Bancorp, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporatio ...

Core Viewpoint - Byline Bancorp (BY) shares have increased by 3% recently, closing at $25.76, with analysts suggesting a potential upside of 25.8% based on a mean price target of $32.40 [1][11]. Price Targets and Analyst Estimates - The mean estimate for BY's price comprises five short-term targets with a standard deviation of $2.30, indicating a range of estimates from a low of $29 (12.6% increase) to a high of $34 (32% increase) [2][11]. - A low standard deviation suggests a strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9]. Earnings Estimates and Analyst Sentiment - Analysts are optimistic about BY's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which has shown a strong correlation with near-term stock price movements [4][11]. - The Zacks Consensus Estimate for the current year has risen by 1.3% over the past month, with two estimates increasing and no negative revisions [12]. Zacks Rank and Investment Potential - BY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential upside in the near term [13].

Financial Data and Key Metrics Changes - The company reported net income of $28.2 million or $0.64 per diluted share, with total revenue at $103 million, down slightly from the prior quarter but up 2% year-on-year [27][28] - Pre-tax pre-provision income was $47.3 million, with a pre-tax pre-provision ROA of 209 basis points, marking the 10th consecutive quarter above 200 basis points [28][31] - Net interest income was $88.2 million, flat from the prior quarter, with a net interest margin (NIM) of 407 basis points, up 6 basis points from last quarter [28][37] Business Line Data and Key Metrics Changes - Total loans increased to $7 billion, up 8% annualized, with strong origination activity of $310 million, primarily driven by commercial banking and leasing [33][34] - Total deposits rose to $7.6 billion, up 5.1% annualized, with a shift in deposit mix from time to money market accounts [35] - Non-interest income totaled $14.9 million, lower than last quarter due to seasonality and lower gains from the SBA business [39] Market Data and Key Metrics Changes - The company experienced a decline in deposit costs by 26 basis points, driven by a better deposit mix [30] - Asset quality improved, with non-performing loans decreasing by 14 basis points to 76 basis points as of quarter end [31][42] - The allowance for credit losses remained strong at 1.43% of total loans, with credit costs at $9.2 million for the quarter [32][43] Company Strategy and Development Direction - The company aims to become the preeminent commercial bank in Chicago, with aspirations to cross the $10 billion asset mark [15][47] - Management emphasized a disciplined risk management approach while navigating through heightened uncertainty and volatility in the market [22][24] - The company is focused on organic growth and potential M&A opportunities, despite market disruptions [66][69] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious sentiment among clients regarding capital expenditures and new investments due to evolving trade policies and economic uncertainty [22][23] - The company remains optimistic about its business model's resilience and its ability to support clients through the current environment [24][25] - Management expressed confidence in their capital planning and priorities, emphasizing growth support as the primary focus [14] Other Important Information - The company successfully integrated First Security, completing the transaction and systems conversion within 207 days [25][26] - Kroll Bond Rating Agency upgraded the company's debt rating, highlighting its financial strength and sound risk management practices [45][46] Q&A Session Summary Question: Current loan activity and organic growth outlook - Management reported strong demand for credit with $310 million in gross origination for the quarter, maintaining a mid-single-digit growth outlook for loans [55][59] Question: Impact of SBA underwriting changes - Management welcomed tighter standards in SBA underwriting, stating their own standards remained consistent and expressing optimism about long-term benefits [60][62][65] Question: M&A landscape and acquisition opportunities - Conversations regarding potential acquisitions are ongoing, with management optimistic about the fundamental reasons for M&A remaining intact despite market volatility [66][69] Question: Credit quality and reserve levels - Management noted no significant themes driving the increase in criticized and classified loans, emphasizing the importance of trend lines [80][84] - The reserve levels are calibrated based on economic forecasts, with potential adjustments depending on economic conditions [86][88] Question: Pre-provisioned earnings power and risks - Management highlighted the importance of managing expenses, net interest income, and non-interest income to maintain pre-tax pre-provision ROA above 2% [91][95] Question: Sponsor finance portfolio and approach - The company has a $700 million sponsor finance portfolio, focusing on lower middle-market companies with conservative leverage [98][100] Question: SBA gain on sales outlook - Management expects SBA gain on sales to average around $5 million per quarter, with current premiums close to 10% [111] Question: Integration of First Security and future expenses - Management indicated that the first clean quarter from the First Security integration would likely be the third quarter, with a focus on providing clarity on expenses [163][168]

Byline Bancorp (BY) Q1 2025 Earnings Call April 25, 2025 10:00 AM ET Company Participants Brooks Rennie - Head-Investor RelationsAlberto Paracchini - PresidentRoberto Herencia - Chairman and CEOThomas J. Bell - Executive VP, Treasurer & CFOMark Fucinato - Executive VP & Chief Credit OfficerBrendan Nosal - Director - Equity ResearchDamon Delmonte - Managing DirectorTerry Mcevoy - Managing DirectorBrian Martin - Director - Banks & Thrifts Conference Call Participants Nathan Race - Managing Director & Senior R ...

Byline Bancorp (BY) Q1 2025 Earnings Call April 25, 2025 10:00 AM ET Company Participants Brooks Rennie - Head-Investor RelationsAlberto Paracchini - PresidentRoberto Herencia - Chairman and CEOThomas J. Bell - Executive VP, Treasurer & CFOMark Fucinato - Executive VP & Chief Credit OfficerBrendan Nosal - Director - Equity ResearchDamon Delmonte - Managing DirectorTerry Mcevoy - Managing DirectorBrian Martin - Director - Banks & Thrifts Conference Call Participants Nathan Race - Managing Director & Senior R ...

Byline Bancorp (BY) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.84%. A quarter ago, it was expected that this bank holding company would post earnings of $0.60 per share when it actually produced earnings of $0.69, delivering a surprise of 15%. Empirical research shows a strong ...

Byline Bancorp (BY) has been beaten down lately with too much selling pressure. While the stock has lost 9.6% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator th ...

Financial Condition - As of December 31, 2024, the company had goodwill of $181.7 million, representing 16.6% of total stockholders' equity[189] - The company may need to significantly increase the allowance for credit losses or sustain credit losses that are higher than the reserve provided, which could adversely affect financial condition[186] - The company’s ability to recognize deferred tax assets is dependent on future cash flows and taxable income, which are subject to significant estimates[193] - The company faces increased litigation and regulatory risks, which could lead to significant fines and impact financial condition[199] - The company reported a decrease in the allowance for credit losses from $101.686 million in 2023 to $97.988 million in 2024, indicating improved credit quality[423] - The company's allowance for credit losses for loans and leases was $98 million as of December 31, 2024, reflecting a decrease from $101.686 million in 2023[418] - The company has no recorded allowance for credit losses on securities as of December 31, 2024, or 2023[452] - The company maintains an allowance for credit losses on off-balance sheet credit exposures for unfunded loan commitments, reflecting management's estimate of expected losses[471] Regulatory and Compliance Risks - The company is subject to numerous laws designed to protect consumers, and failure to comply could lead to sanctions affecting growth prospects[198] - Non-compliance with the USA PATRIOT Act and the Bank Secrecy Act could result in fines or sanctions, adversely affecting business operations[201] - Regulatory approvals for acquisitions may not be granted on acceptable terms, which could restrict growth[207] Growth and Acquisitions - The company has continued to grow through acquisitions, but risks associated with integration and realization of anticipated benefits could adversely affect profitability[206] - On July 1, 2023, the company acquired Inland Bancorp, Inc. for a total consideration of $138.9 million, which included $107.0 million in common stock and $31.9 million in cash[520][522][528] - The acquisition resulted in goodwill of $33.4 million, reflecting the premium paid over the fair value of net tangible and intangible assets acquired[523] - The company announced a proposed acquisition of First Security Bancorp, Inc. on September 30, 2024, with related acquisition advisory expenses of $629,000 reflected in non-interest expense for the year ended December 31, 2024[533] - The company is expanding its footprint in the Chicagoland market through the acquisition of Inland, diversifying its commercial banking business and strengthening its core deposit base[520] Financial Performance - Net income for 2024 reached $120,759,000, an increase of 11.3% compared to $107,878,000 in 2023[426] - Total interest and dividend income increased to $565,929,000 in 2024, up 18% from $479,478,000 in 2023[426] - Net interest income after provision for credit losses was $321,005,000, reflecting a growth of 7.4% from $298,968,000 in 2023[426] - Non-interest income totaled $58,851,000 in 2024, a slight increase of 4.5% from $56,315,000 in 2023[426] - Total non-interest expense rose to $218,777,000, an increase of 4.3% from $209,603,000 in 2023[426] - Basic earnings per common share for 2024 was $2.78, up from $2.69 in 2023, representing a 3.4% increase[426] - Comprehensive income for 2024 was $107,189,000, a decrease from $125,311,000 in 2023, primarily due to unrealized losses in securities[428] Interest Rate Risk - Interest rate risk is a primary concern, with potential changes in net interest income (NII) and economic value of equity (EVE) based on interest rate fluctuations[392][399] - A hypothetical increase of 300 basis points in interest rates could lead to a 9.3% increase in NII for the year ending December 31, 2025[403] - The company utilizes interest rate derivatives to hedge exposure, with a notional amount of $1.5 billion outstanding as of December 31, 2024[397] - The management of interest rate risk is overseen by the Board of Directors and involves regular simulations to assess potential impacts[395][404] Asset and Deposit Growth - Total assets increased to $9.497 billion in 2024, up from $8.882 billion in 2023, representing a growth of approximately 6.9%[423] - Net loans and leases rose to $6.809 billion in 2024, compared to $6.583 billion in 2023, indicating an increase of about 3.4%[423] - Total deposits reached $7.459 billion in 2024, an increase from $7.177 billion in 2023, marking a growth of approximately 3.9%[423] - The net increase in deposits for 2024 was $280,506,000, a decrease from $515,415,000 in 2023[434] Shareholder Information - The principal stockholder, MBG Investors I, L.P., owns approximately 26.6% of the outstanding shares, influencing key shareholder decisions[212] - The company issued 345,519 shares of common stock upon exercise of stock options in 2024, compared to 59,153 shares in 2023, reflecting a significant increase in stock option exercises[429] - Cash dividends declared on common stock were $15,894,000 for the year ended December 31, 2024, maintaining a consistent dividend of $0.36 per share[429] Securities and Investments - As of December 31, 2024, the total amortized cost of available-for-sale securities was $1,595,583 million, with gross unrealized losses amounting to $181,659 million, resulting in a fair value of $1,415,696 million[536] - The company held 334 available-for-sale securities with unrealized losses as of December 31, 2024, compared to 283 securities at the end of 2023[540] - The fair value of available-for-sale debt securities totaled $1.42 billion as of December 31, 2024, down from $1.60 billion in 2023, a decrease of about 11.5%[546] - The company did not classify any securities as trading during 2024 and 2023, maintaining a focus on available-for-sale and held-to-maturity categories[536] Tax and Deferred Tax Assets - Deferred tax assets and liabilities are adjusted for changes in tax laws and rates on the date of enactment, with no material uncertain tax positions as of December 31, 2024, and 2023[494][495] - The Company evaluates the recoverability of deferred tax assets based on future expected taxable income and has no deferred tax valuation allowance recorded as of December 31, 2024, and 2023[495]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Financial Data and Key Metrics - The company held its Q4 2024 earnings call on January 24, 2025, discussing both Q4 and full-year 2024 results [1][2][3] - The call was recorded and made available via webcast on the company's Investor Relations website, along with the earnings release and presentation slides [3] Business Line Data and Key Metrics - No specific financial data or key metrics related to business lines were provided in the content Market Data and Key Metrics - No specific market data or key metrics were provided in the content Company Strategy and Industry Competition - Management may make forward-looking statements regarding future events or financial performance, but these are subject to risks and uncertainties that could cause actual results to differ [4] - The company may reference non-GAAP financial measures in its remarks and slides, which are intended to supplement but not substitute for GAAP measures [5] Management Commentary on Operating Environment and Future Outlook - No specific commentary on the operating environment or future outlook was provided in the content Other Important Information - The conference call included a question-and-answer period following the speakers' remarks [2] Q&A Session Summary - No specific questions or answers from the Q&A session were provided in the content