Core Insights - Byline Bank has been recognized as one of Chicago's Best Workplaces for 2024, ranking 6th among large companies and 25th overall in the city [2][3] - The recognition is based significantly on employee feedback, highlighting the bank's commitment to a collaborative and welcoming workplace culture [3] Company Recognition - Byline Bank was named one of the 2024 Best Workplaces in Illinois by Best Companies Group and the Illinois Society for Human Resource Management [2][3] - The awards aim to identify and honor the best employers in Chicago and Illinois, contributing positively to the local economy and workforce [3] Evaluation Process - The evaluation for the Best Workplaces awards involved a two-part survey process: the first part assessed workplace policies and practices, accounting for approximately 25% of the total evaluation [4] - The second part consisted of an employee survey measuring the employee experience, which contributed about 75% to the overall evaluation [5] Company Profile - Byline Bank, a subsidiary of Byline Bancorp, Inc., is a full-service commercial bank with approximately $9.4 billion in assets and over 40 branch locations in the Chicago and Milwaukee areas [6] - The bank offers a wide range of banking products and services and is recognized as one of the top SBA lenders in the U.S. for FY2024 [6]

Financial Data and Key Metrics Changes - For Q3 2024, the company reported net income of $30.3 million or $0.69 per diluted share on revenue of $102 million, with net income excluding transaction-related charges at $30.7 million or $0.70 per diluted share [10] - Return on Assets (ROA) was 129 basis points, and return on tangible common equity (ROTCE) was 14.5%, with the lower ROTCE attributed to growth in the capital base rather than declining profitability [10][11] - Pre-tax preparation income reached a record of $47.5 million, resulting in a pre-tax pre-provision ROA of 202 basis points, marking the eighth consecutive quarter above 200 basis points [11] Business Line Data and Key Metrics Changes - Total loans remained flat at $6.9 billion, with $212 million in new loans originated and $267 million in pay-offs, indicating a focus on reducing non-core loans [17][12] - Non-interest income increased to $14.4 million, driven by a lower fair value mark on servicing assets and increases in other fees [11][20] - Total deposits grew to $7.5 billion, up 8.2% annualized from the second quarter, with non-interest-bearing demand deposits accounting for 23% of total deposits [13][18] Market Data and Key Metrics Changes - The loan-to-deposit ratio improved to 92%, down 319 basis points year-on-year, reflecting the company's strategy to manage this ratio effectively [13] - Asset quality remained stable, with non-performing loans (NPLs) increasing slightly to 86 basis points, while charge-offs declined to $8.5 million [14][22] Company Strategy and Development Direction - The company is focused on becoming the preeminent commercial bank in Chicago, with a disciplined approach to mergers and acquisitions, exemplified by the announced merger with First Security Bancorp [5][9] - The company aims to attract top commercial banking talent and has received multiple workplace awards, indicating a strong organizational culture [6] - The strategic planning process is ongoing, with optimism about future opportunities and the potential to cross the $10 billion asset threshold by 2025 or 2026 [29][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain strong financial performance despite a changing interest rate environment, with expectations for stable to growing net interest income [16][19] - The company anticipates mid-single-digit loan growth for the remainder of the year, supported by healthy business development activity [12][17] - Management remains cautious about credit quality but is well-prepared to handle potential stress in the portfolio, particularly in the SBA segment [52] Other Important Information - The company reported a strong capital position, with CET1 and total capital ratios at 11.35% and 14.4%, respectively, providing flexibility for growth and investment [14][23] - The efficiency ratio stood at 52%, indicating effective cost management [11] Q&A Session Summary Question: Can you expand on your enthusiasm coming out of the strategic planning process? - Management indicated continued opportunities for transactions similar to the recent merger and expressed optimism about the market position as the largest publicly traded commercial bank under $10 billion [28][29] Question: What is the infrastructure status in preparing to cross the $10 billion threshold? - Management stated that preparations have been ongoing, with investments primarily in risk management and control functions, expecting to cross the threshold between late 2025 and early 2026 [31][32] Question: What is the outlook for loan growth and commercial real estate behavior? - Management noted a higher commercial real estate pipeline and indicated that while rates may influence behavior, the current pipeline is strong [35][36] Question: What are the expectations for net interest income (NII) growth? - Management expects stable NII growth, with guidance for Q4 in the $85 million to $87 million range, excluding the impact of acquisitions [33][19] Question: How does the company plan to manage excess capital? - Management indicated that excess capital could be returned to shareholders through dividends or buybacks, depending on future opportunities [38][39]

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 ' ...

Core Insights - Byline Bancorp reported a revenue of $101.84 million for the quarter ended September 2024, reflecting a decrease of 2.9% year-over-year, with EPS at $0.70 compared to $0.77 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $101.67 million by 0.17%, while the EPS surpassed the consensus estimate of $0.65 by 7.69% [1] Financial Performance Metrics - Efficiency Ratio stood at 52%, better than the average estimate of 53% from three analysts [2] - Net Interest Margin was reported at 3.9%, matching the average estimate of 3.9% [2] - Average Balance of Total Interest-Earning Assets was $8.96 billion, exceeding the average estimate of $8.85 billion from two analysts [2] - Net charge-offs of loans and leases were 0.5%, slightly higher than the average estimate of 0.4% [2] - Net Interest Income reached $87.46 million, above the average estimate of $86.74 million from three analysts [2] - Net gains on sales of loans were $5.86 million, below the average estimate of $6.10 million from three analysts [2] - Total Non-Interest Income was $14.39 million, lower than the average estimate of $14.90 million from three analysts [2] - Fees and service charges on deposits amounted to $2.59 million, slightly below the average estimate of $2.60 million from two analysts [2] - Wealth management and trust income was $1.10 million, exceeding the average estimate of $0.97 million from two analysts [2] - ATM and interchange fees totaled $1.14 million, compared to the average estimate of $1.21 million from two analysts [2] Stock Performance - Byline Bancorp's shares have returned +2.4% over the past month, outperforming the Zacks S&P 500 composite's +1.5% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Byline Bancorp reported quarterly earnings of $0.70 per share, exceeding the Zacks Consensus Estimate of $0.65 per share, but down from $0.77 per share a year ago, indicating a 9.09% year-over-year decline [1] - The company achieved an earnings surprise of 7.69% for the quarter and has surpassed consensus EPS estimates in all four of the last quarters [1] - Revenues for the quarter were $101.84 million, slightly above the Zacks Consensus Estimate by 0.17%, but down from $104.83 million year-over-year, reflecting a 2.36% decline [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.65, with expected revenues of $102.2 million, while the estimate for the current fiscal year is $2.67 on revenues of $404.43 million [4] - The trend of estimate revisions for Byline Bancorp has been unfavorable, leading to a Zacks Rank of 4 (Sell), suggesting expected underperformance in the near future [4] Market Performance - Byline Bancorp shares have increased by approximately 13.5% since the beginning of the year, compared to a 21.5% gain in the S&P 500 [2] - The performance of Byline Bancorp is influenced by the overall outlook of the Banks - Northeast industry, which is currently in the top 19% of over 250 Zacks industries [5]

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 ...

Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, focusing on key valuation metrics to identify undervalued stocks [2] Company Analysis: Byline Bancorp (BY) - Byline Bancorp currently holds a Zacks Rank of 2 (Buy) and has received an A grade in the Value category, indicating it is among the strongest value stocks available [3] - The company has a price-to-book (P/B) ratio of 1.22, which is favorable compared to the industry average of 1.42. Over the past year, BY's P/B ratio has fluctuated between a high of 1.27 and a low of 0.87, with a median of 0.98 [4] - Byline Bancorp's price-to-cash flow (P/CF) ratio stands at 10.90, which is attractive relative to the industry's average of 14.98. The P/CF ratio has ranged from a high of 11.34 to a low of 6.73 over the past year, with a median of 8.65 [5] Company Analysis: Isabella Bank (ISBA) - Isabella Bank is also rated 2 (Buy) with a Value score of A, indicating strong value characteristics [6] - The bank has a P/B ratio of 0.74, significantly lower than the industry average of 1.42. Its P/B ratio has varied from a high of 0.88 to a low of 0.66 over the past year, with a median of 0.79 [6] Conclusion on Value Stocks - Both Byline Bancorp and Isabella Bank exhibit strong value grades, suggesting they are currently undervalued. Their solid earnings outlook further supports their status as impressive value stocks [7]

Group 1 - Byline Bancorp (BY) has shown strong year-to-date performance, returning 19.1%, outperforming the Finance sector average of 13.9% [4] - The Zacks Rank for Byline Bancorp is currently 2 (Buy), indicating positive analyst sentiment and an improving earnings outlook, with a consensus estimate for full-year earnings increasing by 0.8% over the past quarter [3] - Byline Bancorp is part of the Banks - Northeast industry, which ranks 37 in the Zacks Industry Rank, with an average gain of 5.1% this year, further highlighting BY's superior performance [5] Group 2 - The Finance group includes 862 companies, with Byline Bancorp ranked 3 in the Zacks Sector Rank, which evaluates sectors based on the average Zacks Rank of individual stocks [2] - Another notable performer in the Finance sector is CaixaBank, S.A. Unsponsored ADR, which has returned 39.9% year-to-date and also holds a Zacks Rank of 2 (Buy) [4][5] - The Banks - Foreign industry, to which CaixaBank belongs, is currently ranked 40, with a year-to-date increase of 9.8% [6]