Byline Bancorp(US:BY)2022-05-11 17:51Financial Performance - Net income was $223 million, or $058 per diluted share, compared to $172 million, or $045 per diluted share, in 4Q21[5] - Pre-Tax Pre-Provision was $336 million, with a Pre-Tax Pre-Provision ROAA of 203%, improved 74 bps from 129% in 4Q21[5] - ROAA was 135% and ROTCE was 1436%[5] Balance Sheet Trends - Total loans and leases ex PPP increased $3394 million, or 312% annualized, linked quarter and increased 238% YoY[5] - Total deposits increased $3751 million, or 295% annualized, to $55 billion[16] - Non-interest bearing deposits represented 413% of total deposits[6, 16] Net Interest Margin - Net interest margin (FTE) decreased 15 bps to 382% from 397% in 4Q21[5] - NIM excluding accretion decreased 16 bps to 371% from 4Q21, primarily due to lower loan fees and lower volume of PPP forgiveness[5] - Net interest income was $587 million, down 48% from 4Q21[20] Asset Quality - NPLs (ex gov gtd) declined from 044% to 039% in 1Q22[5] - NCOs declined to 5 bps in 1Q22 from 37 bps in 4Q21[5] - ALLL increased 3 bps to 124% in 1Q22 from 121% in 4Q21 to support growth in the portfolio[5] Government-Guaranteed Lending - Closed $1291 million loan commitments in 1Q22, up 157% YoY[10] - SBA 7(a) portfolio up $146 million to $4782 million from 4Q21; ALLL/Unguaranteed loan balance ~ 74%[10] Capital and Return - CET1 and Total Capital ratios remained solid at 1075% and 1372%[5] - Repurchased 282819 shares of stock during 1Q22[6]