1 4Q24 Earnings Presentation Forward-Looking Statements Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ''may'', ''might'', '' ...

Byline Bancorp (BY) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15%. A quarter ago, it was expected that this bank holding company would post earnings of $0.65 per share when it actually produced earnings of $0.70, delivering a surprise of 7.69%.Over the last four quarters, the co ...

Financial Performance - Fourth quarter net income was $30.3 million, with diluted earnings per share of $0.69, while full year net income reached $120.8 million, or $2.75 diluted earnings per share[1]. - Net interest income for Q4 2024 was $88.5 million, an increase of $1.1 million, or 1.2%, from Q3 2024, and full year net interest income was $348.0 million, up $17.4 million, or 5.3% from 2023[4][7]. - Non-interest income for Q4 2024 was $16.1 million, an increase of $1.8 million, or 12.3%, compared to Q3 2024, and full year non-interest income was $58.9 million, up $2.5 million, or 4.5% from 2023[13][15]. - Total revenue for Q4 2024 reached $104,673, compared to $101,840 in Q3 2024 and $100,788 in Q4 2023, reflecting a growth of approximately 2.7% quarter-over-quarter and 3.7% year-over-year[60]. - Adjusted net income for the quarter was $30,537 thousand, compared to $31,827 thousand in the same quarter last year, representing a decrease of 4.1%[59]. - Adjusted net income for the year ended December 31, 2024, was $121,497,000, compared to $116,799,000 for the year ended December 31, 2023[61]. Asset and Liability Management - Total assets increased to $9.5 billion, an increase of $614.6 million, or 6.9% year-over-year[1]. - Total assets as of December 31, 2024, were $9,496,529, compared to $9,424,316 as of September 30, 2024, and $8,881,967 as of December 31, 2023[60]. - Total deposits decreased by $39.3 million to $7.5 billion compared to the previous quarter, but increased by $281.6 million from $7.2 billion year-over-year[32]. - Total stockholders' equity was $1.1 billion, a decrease of $4.8 million from the previous quarter but an increase of $101.3 million or 10.2% from the previous year[34]. - Total borrowings and other liabilities increased to $946.4 million, up $231.6 million from $714.8 million a year earlier, driven by higher FHLB advances[33]. Credit Quality - Provision for credit losses for Q4 2024 was $6.9 million, a decrease of $597,000 from Q3 2024, and full year provision was $27.0 million, down $4.6 million from 2023[10][11]. - The allowance for credit losses (ACL) was $98.0 million, a decrease of $3.7 million from $101.7 million as of December 31, 2023, attributed to lower provisions and higher charge-offs[27]. - Net charge-offs for the year were $32.0 million, or 0.47% of average loans and leases, an increase from $23.1 million or 0.38% the previous year[29]. - Non-performing assets decreased to $67.2 million, or 0.71% of total assets, down from $71.0 million or 0.75% at the end of the previous quarter[30]. - Non-performing loans and leases decreased to 0.90% in Q4 2024 from 1.02% in Q3 2024[48]. Efficiency and Ratios - The efficiency ratio for Q4 2024 was 53.58%, an increase of 156 basis points from Q3 2024, while the full year efficiency ratio was 52.45%, a decrease of 17 basis points from 2023[18][20]. - Return on average stockholders' equity for Q4 2024 was 11.03%, down from 11.39% in Q3 2024[48]. - Common equity tier 1 capital ratio improved to 11.70% in Q4 2024, compared to 11.35% in Q3 2024[48]. - Total capital ratio for Q4 2024 was 14.74%, up from 14.41% in Q3 2024[48]. - Adjusted efficiency ratio for Q4 2024 was 53.37%, compared to 48.64% in Q4 2023, showing a decline in efficiency[61]. Dividends and Shareholder Returns - The company declared a cash dividend of $0.10 per share, representing an 11.1% increase from the previous dividend of $0.09 per share[3]. - Cash dividends per common share remained stable at $0.09 for both Q4 2024 and Q3 2024[48]. - Basic earnings per share for the year ended December 31, 2024, was $2.78, an increase from $2.69 in 2023, representing a growth of 3.4%[46]. - Diluted earnings per common share for the year ended December 31, 2024, increased to $2.75 from $2.67 in 2023[48]. - Tangible book value per share increased to $20.09 in Q4 2024 from $17.98 in Q4 2023, reflecting a growth of 6.2%[61]. Strategic Initiatives - The company is advancing its strategy with a pending acquisition of First Security Bancorp, Inc., aiming to strengthen its franchise and create lasting value for stockholders[1].

Core Viewpoint - Byline Bancorp (BY) is expected to report a quarterly earnings per share (EPS) of $0.60, reflecting a year-over-year decline of 17.8%, with revenues projected at $100.1 million, a decrease of 0.7% compared to the previous year [1] Earnings Estimates - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [2] Analyst Forecasts - Analysts predict a 'Net Interest Margin' of 3.9%, down from 4.1% a year ago [4] - The expected 'Efficiency Ratio' is 55.4%, compared to 51.6% in the same quarter last year [4] - 'Average Balance - Total interest-earning assets' is estimated to reach $8.85 billion, up from $8.39 billion a year ago [4] Income Estimates - Total Non-Interest Income is estimated at $14.25 million, slightly down from $14.50 million a year ago [5] - Net Interest Income is projected to be $86.07 million, compared to $86.29 million in the previous year [5] - 'Net gains on sales of loans' are expected to be $5.64 million, up from $5.48 million in the same quarter last year [6] Stock Performance - Byline Bancorp shares have decreased by 2.4% over the past month, while the Zacks S&P 500 composite has seen a decline of 0.4% [7] - With a Zacks Rank 2 (Buy), Byline Bancorp is expected to outperform the overall market in the near term [7]

Group 1 - The article emphasizes the importance of value investing as a preferred strategy for identifying strong stocks in various market conditions [2][3] - Byline Bancorp (BY) is highlighted as a stock to watch, currently holding a Zacks Rank of 2 (Buy) and a Value grade of A [3] - BY has a price-to-book (P/B) ratio of 1.15, which is favorable compared to the industry average of 1.28, indicating solid valuation metrics [4] Group 2 - BY's price-to-cash flow (P/CF) ratio is 10.66, significantly lower than the industry average of 24.02, suggesting it may be undervalued based on cash flow outlook [5] - Eagle Bancorp (EGBN) is another stock to consider, rated 1 (Strong Buy) with a Value Score of A and a P/B ratio of 0.61, also below the industry average [6] - Both BY and EGBN are characterized by strong earnings outlooks, reinforcing their status as impressive value stocks at present [7]

Financial Performance - Consolidated net income for the three months ended September 30, 2024, was $30.3 million, or $0.70 per basic share, compared to $28.2 million, or $0.66 per basic share for the same period in 2023, representing an increase of 7.4%[121] - For the nine months ended September 30, 2024, consolidated net income was $90.4 million, or $2.08 per basic share, up from $78.3 million, or $2.01 per basic share in the same period of 2023, an increase of 15.6%[121] - Basic earnings per common share increased to $0.70 from $0.66 year-over-year, while diluted earnings per common share rose to $0.69 from $0.65[133] - Reported net income for the three months ended September 30, 2024, was $30,328 thousand, an increase from $28,222 thousand for the same period in 2023, representing a growth of approximately 7.4%[182] - Adjusted net income for the nine months ended September 30, 2024, was $90,960 thousand, compared to $84,972 thousand for the same period in 2023, reflecting an increase of about 7.0%[182] Assets and Liabilities - Total assets as of September 30, 2024, were $9.4 billion, with total gross loans and leases outstanding at $6.9 billion and total deposits at $7.5 billion[121] - Total assets as of September 30, 2024, were $9,424,316, compared to $8,943,368 as of September 30, 2023, indicating an increase of 5.4%[184] - Total liabilities increased by $436.2 million or 5.5% to $8.3 billion at September 30, 2024, compared to $7.9 billion at December 31, 2023[147] - Total stockholders' equity as of September 30, 2024, was $1,022,548 million, an increase from $838,792 million in 2023[139] Income and Expenses - The company declared dividends of $4.0 million for the three months ended September 30, 2024, compared to $3.9 million for the same period in 2023[121] - A $3.6 million decrease in non-interest expense contributed to the increase in net income for the three months ended September 30, 2024[121] - Total non-interest income for the three months ended September 30, 2024, was $14.4 million, an increase of $2.0 million or 16.2% compared to $12.4 million for the same period in 2023[143] - Total non-interest expense for the three months ended September 30, 2024, was $54.3 million, a decrease of $3.6 million or 6.2% compared to $57.9 million for the same period in 2023[144] Credit Quality - The provision for credit losses decreased by $4.3 million for the nine months ended September 30, 2024, compared to the same period in 2023[121] - Non-performing loans and leases to total loans and leases held for investment increased to 1.02% from 0.79% year-over-year, suggesting a rise in credit risk[133] - Total non-performing loans and leases amounted to $70.5 million at September 30, 2024, up from $64.1 million at December 31, 2023[165] - The allowance for credit losses as a percentage of non-performing loans and leases was 140.21% at September 30, 2024, down from 158.62% at December 31, 2023[165] Interest Income and Margin - The net interest margin decreased to 3.88% from 4.46% year-over-year, indicating a decline in interest income relative to interest-bearing liabilities[133] - Net interest income for the nine months ended September 30, 2024, was $259.5 million, an increase of $15.2 million or 6.2% compared to $244.3 million during the same period in 2023[141] - Total interest income for the nine months ended September 30, 2024, was $82,490 million, an increase of $18,361 million compared to the same period in 2023[140] Capital and Regulatory Compliance - Byline Bank exceeded all regulatory capital requirements as of September 30, 2024, with total capital to risk-weighted assets at 14.41% for the Company and 13.82% for the Bank, both well above the minimum required ratios[173] - Stockholders' equity increased to $1.1 billion as of September 30, 2024, up 10.7% from $990.2 million at December 31, 2023, primarily due to increased retained earnings and reduced unrealized losses in available-for-sale securities[172] Acquisitions and Market Presence - The acquisition of Inland Bancorp, Inc. was completed on July 1, 2023, enhancing the company's market presence[122] - A proposed acquisition of First Security Bancorp, Inc. was announced on September 30, 2024, with First Security Bancorp reporting $354.8 million in assets as of June 30, 2024[123] Efficiency and Management - The efficiency ratio improved to 52.02% from 53.75% year-over-year, indicating better cost management[133] - The adjusted efficiency ratio for the three months ended September 30, 2024, was 51.62%, compared to 47.35% in the same period last year, indicating a decline in efficiency[185] Interest Rate Risk Management - Interest rate risk is the primary market risk, with a focus on managing net interest income and net interest margin[186] - The company utilizes NII and EVE simulations to evaluate interest rate risk and its potential impact on financial performance[188]

Chicago Sun-Times and the Illinois Society for Human Resource Management both recognized Byline Bank in their annual employer awards. CHICAGO, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Chicago Sun-Times has named Byline Bank one of Chicago's Best Workplaces for 2024, ranking the bank as one of the top 25 workplaces in the city and 6th among large companies. Byline Bank was also recently named one of the 2024 Best Workplaces in Illinois by Best Companies Group and the Illinois Society for Human Resource Management ( ...

Byline Bancorp, Inc. (NYSE:BY) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Brooks Rennie - Head of Investor Relations Alberto Paracchini - President Roberto Herencia - Chairman and CEO Thomas Bell - EVP, CFO & Treasurer Mark Fucinato - EVP and Chief Credit Officer Conference Call Participants Nathan Race - Piper Sandler Damon Del Monte - Keefe, Bruyette, & Woods, Inc. Terry McEvoy - Stephens, Inc. Brendan Nosal - Hovde Group Brian Martin - Janney Montgomery Scott Opera ...

Byline Bancorp, Inc. 3Q24 Earnings Presentation Forward-Looking Statements 2 Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ' ...

For the quarter ended September 2024, Byline Bancorp (BY) reported revenue of $101.84 million, down 2.9% over the same period last year. EPS came in at $0.70, compared to $0.77 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $101.67 million, representing a surprise of +0.17%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $0.65. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...