Financial Data and Key Metrics Changes - Byline Bancorp reported a net income of $121 million or $2.75 per diluted share on revenue of $407 million, which was up 5% year on year [8] - Total assets grew to $9.5 billion, with loans and leases increasing to $6.9 billion, funded by deposits that grew to $7.5 billion [8] - Key profitability metrics include a pretax return on assets (ROA) of 205 basis points, return on assets of 131 basis points, and return on tangible common equity of just under 15% [8][9] - The cost to asset ratio improved by 22 basis points to 2.38% due to positive operating leverage [9] Business Line Data and Key Metrics Changes - The company has developed a distinct commercial banking franchise with a focus on relationship-driven approaches, which has attracted top-tier talent [6] - Investments in new capabilities have helped the company meet customer financial goals effectively [5] Market Data and Key Metrics Changes - Byline Bancorp's financial results ranked in the top quartile of its peer group on several important profitability and performance metrics [6] Company Strategy and Development Direction - The company aims to become the preeminent commercial bank in Chicago, focusing on attracting and developing talent, acquiring new customers, deepening relationships, and growing deposits and loans [5][6] - The strategy includes maintaining credit and pricing discipline while investing for long-term growth [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong position and the trust earned from customers, indicating a bright future ahead [6] - The company is committed to creating long-term value by empowering customers and fostering an innovative culture [9] Other Important Information - In 2024, Byline Bancorp supported local communities with $130 million in community development loans and $103 million in community development investments [9] Q&A Session Summary - There were no questions submitted during the Q&A session, and the meeting was adjourned without any inquiries [25]

Core Viewpoint - Byline Bancorp (BY) has received an upgrade to Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in a company's earnings outlook, which is closely correlated with stock price movements [4][6]. - Rising earnings estimates for Byline Bancorp suggest an improvement in the company's underlying business, potentially leading to higher stock prices [5][10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7][9]. - Byline Bancorp's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10]. Earnings Estimate Revisions - For the fiscal year ending December 2025, Byline Bancorp is expected to earn $2.68 per share, reflecting a -2.9% change from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Byline Bancorp has increased by 2.8%, indicating positive revisions from analysts [8].

Core Insights - Byline Bancorp, a regional bank based in Chicago, has expanded its fintech banking capabilities through new hires and services, indicating growth in this division [1] Company Developments - The bank's recent announcement highlights its commitment to enhancing its fintech banking operations, which are already experiencing rapid growth [1] Market Context - The financial market is characterized by efficiency, with most stocks reflecting their true value, suggesting that opportunities may exist in less-followed stocks or those mispriced in the market [1]

CHICAGO, May 12, 2025 (GLOBE NEWSWIRE) -- Byline Bank today announced the expansion of its Payments and Fintech Banking division, including several key new hires and leadership appointments, which underscore the bank's significant investment in embedded finance and modern digital payment solutions. Since bringing on industry veterans David Prochnow and Joe Wolsfeld to lead the fintech banking group in March 2024, Byline has taken significant steps in the fintech payments arena. Prior to joining Byline, Proc ...

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 ...

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 marginally from the prior quarter but up 2% year on year [20][21] - Net interest income was $88.2 million, flat for the quarter, with a net interest margin (NIM) of 4.07%, up six basis points from last quarter [20][21][28] - Total loans increased by $137 million or 8% annualized, standing at $7 billion, with strong origination activity of $310 million [24][26] - Total deposits increased to $7.6 billion, up 5.1% annualized from the prior quarter [26] Business Line Data and Key Metrics Changes - The company experienced excellent growth in both loans and deposits, with loan originations driven primarily by commercial banking and leasing [21][24] - Non-interest income totaled $14.9 million in the first quarter, lower than last quarter due to seasonality and lower gains on sale from the SBA business [29] - Non-interest expense stood at $56.4 million, down 1.7% from the prior quarter, primarily due to lower salaries and benefits [30] Market Data and Key Metrics Changes - The company noted a shift in deposit mix from time deposits to money market accounts, with non-interest bearing deposits accounting for 23% of total deposits [26] - The company’s credit quality improved, with net charge-offs declining by 14.7% to $6.6 million compared to the previous quarter [31] 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 [11][36] - The management emphasized a focus on disciplined risk management and serving clients through economic cycles [17][18] - The company is optimistic about growth opportunities despite market uncertainties, particularly in the context of M&A activities [48] Management's Comments on Operating Environment and Future Outlook - Management highlighted a mixed macroeconomic picture with heightened uncertainty and volatility, leading clients to adopt a wait-and-see approach [16][17] - The company remains confident in its business model's resilience, supported by robust capital and solid liquidity [18] - Management expressed optimism about advancing its market position and delivering value to shareholders despite economic challenges [37] Other Important Information - The company’s credit ratings were upgraded by Kroll, marking it as the only bank in its industry to receive an upgrade in the past twelve months [8] - The integration of the First Security transaction was completed successfully, setting the company up for a full quarter of results in the second quarter [19] Q&A Session Summary Question: What is the current activity in loan committees given the uncertainty? - Management noted that credit demand was good in the first quarter, with strong business development activity reflected in gross origination numbers of $310 million [39][40] Question: How are changes in the SBA complex impacting future deal flow? - Management welcomed tighter underwriting standards, stating that their own standards have remained consistent and that long-term, this could be beneficial [44][46] Question: Are acquisition opportunities hindered by market disruptions? - Conversations regarding acquisitions are ongoing, with management optimistic about the fundamental reasons for M&A remaining intact despite market volatility [48] Question: Can you provide an update on SBA gain on sales going forward? - Management indicated that the average gain on sales is expected to remain around $5 million per quarter [74] Question: What are the expectations for net interest income given potential Fed rate cuts? - Management provided guidance for net interest income in the range of $87 million to $89 million for the second quarter, excluding the impact of the acquisition [29][100]

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 ...