Byline Bancorp (BY) Q3 Earnings and Revenues Beat Estimates

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]