Byline Bancorp(US:BY)2025-10-23 20:15Financial Performance - Third quarter net income was $37.2 million, with diluted earnings per share of $0.82, reflecting a strong performance compared to $30.1 million in the previous quarter[1] - Net interest income increased to $99.9 million, up $3.9 million or 4.1% from the second quarter of 2025, driven by growth in the loan and lease portfolio[4] - Non-interest income reached $15.9 million, an increase of $1.4 million or 9.5% from the previous quarter, primarily due to higher net gains on sales of loans[8] - Total revenue for Q3 2025 reached $115,735,000, representing a 4.1% increase from $110,453,000 in Q2 2025 and a 13.6% increase from $101,840,000 in Q3 2024[41] - Reported net income for Q3 2025 was $37,200,000, an increase of 23.4% from $30,082,000 in Q2 2025 and 22.7% from $30,328,000 in Q3 2024[40] Asset and Deposit Growth - Total deposits rose to $7.8 billion, an increase of $17.7 million or 0.2% from the previous quarter, mainly due to increases in non-interest-bearing demand accounts[16] - Total assets were $9.8 billion, reflecting an increase of $92.2 million or 0.9% compared to the previous quarter, driven by growth in net loans and leases[13] - Total stockholders' equity increased to $1.2 billion, up $45.3 million or 3.8% from the previous quarter, primarily due to retained earnings from net income[18] - Total deposits slightly increased to $7,828,197 thousand, a 0.2% rise from $7,810,479 thousand in June 2025, and a 4.4% increase from $7,497,887 thousand in September 2024[38] Credit Quality and Losses - The provision for credit losses decreased to $5.3 million, down $6.6 million from the previous quarter, attributed to lower non-performing loans[7] - Non-performing loans and leases to total loans and leases held for investment decreased to 0.85%, down from 1.02% in the previous year, a reduction of 16.67%[32] - The allowance for credit losses on loans and leases was $105,717 thousand as of September 30, 2025, slightly down from $107,727 thousand in the previous quarter[28] - The net charge-offs for loans and leases were $7,107 thousand for the three months ended September 30, 2025, compared to $7,656 thousand in June 2025[37] Efficiency and Ratios - The efficiency ratio improved to 51.00%, a decrease of 161 basis points from the previous quarter, driven by increased total revenues[10] - Return on average stockholders' equity rose to 12.21%, compared to 11.39% a year ago, indicating an increase of 7.22%[32] - The adjusted return on average assets for Q3 2025 was 1.54%, compared to 1.41% in Q2 2025 and 1.30% in Q3 2024[42] - Common equity tier 1 capital ratio increased to 12.15%, compared to 11.35% a year ago, reflecting a 7.06% improvement[32] Earnings and Shareholder Value - Basic earnings per share rose to $0.82 for the third quarter of 2025, compared to $0.66 in the previous quarter, marking a 24.2% increase[30] - Adjusted diluted earnings per share rose to $0.83 in Q3 2025, up 10.7% from $0.75 in Q2 2025 and 18.6% from $0.70 in Q3 2024[40] - Cash dividends per common share remained stable at $0.10, consistent with the previous quarter and up from $0.09 a year ago[32] - Tangible book value per common share increased to $22.58, up 4.7% from the previous quarter[1] Interest Income and Margin - The net interest margin expanded to 4.27%, an increase of nine basis points compared to the previous quarter[5] - Net interest income for the quarter was $99,871 thousand, up from $87,455 thousand in the same quarter last year, representing an increase of 14.26%[35] - The average yield on interest-earning assets was 6.36% for the quarter ended September 30, 2025, compared to 6.31% for the previous quarter and 6.51% for the same quarter last year[35] - Total interest-earning assets increased to $9,286.27 million for the three months ended September 30, 2025, compared to $8,961.65 million for the same period in 2024, reflecting a growth of 3.62%[35]