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 ...

Byline Bancorp (BY) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this bank holding company would post earnings of $0.63 per share when it actually produced earnings of $0.68, delivering a surprise of 7.94%. Over the last four quarters, th ...

Exhibit 99.1 (1) Total deposits $ 7,497,887 $ 7,347,181 $ 6,953,690 Total loans and leases 6,899,401 6,904,564 6,620,602 • NIE/AA 2.31%, down three bps Net charge-offs 8,467 9,514 5,430 Allowance for credit losses (ACL) 98,860 99,730 105,696 • Adjusted efficiency ratio of 51.62% , ACL to total loans and leases held for investment 1.44% 1.45% 1.60% down by 57 bps (1) Byline Bancorp, Inc. Reports Third Quarter 2024 Financial Results Net income of $30.3 million, $0.69 diluted earnings per share Chicago, IL, Oc ...

Investors in Byline Bancorp, Inc. (BY) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $20 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also ...

CHICAGO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Byline Bank has been named one of the 2024-2025 Best Companies to Work For In The Midwest by U.S. News & World Report, the global authority in rankings and consumer advice. Byline Bank was rated among top companies in the Midwest on factors contributing to job seekers' decisionmaking when choosing a workplace that best meets their needs. "We are honored to be named a top workplace by U.S. News & World Report," said Dana Rose, Chief Human Resources Officer at Byline ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of ...