Byline Bancorp(US:BY) ZACKS·2024-10-25 00:00Core 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]