Byline Bancorp Stock Price, News & Analysis

Byline Bancorp (NYSE:BY) reported strong Q2 2025 financial results, with net income of $30.1 million and diluted EPS of $0.66. The quarter was marked by the successful completion of the First Security Bancorp acquisition. Net interest income increased 8.8% to $96.0 million, with net interest margin expanding to 4.18%.

Key highlights include total assets reaching $9.7 billion, loan and lease growth of 17.5% annualized, and deposit growth of 13.7% annualized. The bank maintained strong capital ratios with CET1 at 11.85%. The Board declared a quarterly cash dividend of $0.10 per share, payable August 19, 2025.

Byline Bancorp (NYSE:BY) has scheduled its second quarter 2025 financial results announcement for Thursday, July 24, 2025, after market close. The company will host a conference call and webcast the following day, Friday, July 25, 2025, at 9:00 a.m. Central Time to discuss the results.

Investors and analysts can participate in the Q&A session via telephone using the access code 014057. A replay will be available through August 8, 2025. Additionally, a live webcast will be accessible through the company's Investor Relations website, with an archived version available shortly after the call.

Byline Bancorp (NYSE: BY) has completed its previously announced secondary public offering, where selling stockholders, including the Estate of Daniel L. Goodwin and Equity Shares Investors LLC, sold 4,282,210 shares at $24.75 per share. The company did not receive any proceeds from this offering as it was a secondary sale. Concurrent with the offering, Byline repurchased 418,235 shares from the underwriter at the same price under its existing share repurchase program authorized in January 2025. Company directors participated by purchasing $1.27 million worth of shares at the public offering price. J.P. Morgan acted as the sole underwriter for the transaction.

Byline Bancorp (NYSE: BY) announced the pricing of a secondary public offering of 4,282,210 shares at $24.75 per share by the Estate of Daniel L. Goodwin and Equity Shares Investors, LLC. The offering is expected to close on June 12, 2025. Notably, Byline will not receive any proceeds from this secondary offering as they are not the selling party. However, the company will participate by purchasing $10.0 million worth of shares from the underwriter as part of its existing share repurchase program authorized in January 2025. J.P. Morgan is serving as the Sole Underwriter for the offering. The share repurchase is contingent upon the completion of the secondary offering and satisfaction of customary closing conditions.

Byline Bancorp (NYSE: BY) announced a secondary public offering where the Estate of Daniel L. Goodwin and Equity Shares Investors, LLC will sell 4,282,210 shares of common stock. The company itself is not selling shares and will not receive proceeds from this offering. Notably, Byline plans to repurchase between $5-10 million worth of shares from the underwriter at the same price paid to the selling stockholders, as part of its existing share repurchase program. Company directors have expressed interest in purchasing up to $3.1 million in shares at the public offering price. J.P. Morgan is serving as the sole underwriter for this secondary offering. The share repurchase is contingent upon the completion of the secondary offering and is expected to close simultaneously.

Byline Bancorp (NYSE: BY) reported Q1 2025 financial results with net income of $28.2 million and diluted EPS of $0.64. Net interest income was $88.2 million, slightly down 0.3% from Q4 2024. The bank's net interest margin expanded to 4.07%, marking the 10th consecutive quarter above 2.00%.

Key highlights include total deposits growth of $94.7 million to $7.6 billion, and loan portfolio expansion of $137.1 million to $7.0 billion. The bank completed its acquisition of First Security Bancorp on April 1, 2025, bringing combined total assets to approximately $9.9 billion. Credit quality improved with non-performing loans decreasing by $8.5 million.

Notable achievements include a credit ratings upgrade from KBRA, with Byline Bancorp's senior unsecured debt rating upgraded to BBB+ and Byline Bank's deposit ratings to A-. The Board declared a quarterly cash dividend of $0.10 per share, payable on May 20, 2025.

Byline Bancorp (NYSE: BY) has scheduled the release of its first quarter 2025 financial results after market close on Thursday, April 24, 2025. The company will host a conference call and webcast the following day, Friday, April 25, 2025, at 9:00 a.m. Central Time to discuss the results.

Investors and analysts can participate in the Q&A session through telephone access (833-470-1428; passcode: 400191) or via webcast on the company's Investor Relations website. A replay will be available through May 9, 2025 (866-813-9403; passcode: 172708), and the webcast recording will be archived on the company's website.

Byline Bancorp (NYSE: BY) has completed its merger with First Security Bancorp and its subsidiary First Security Trust and Savings Bank, effective April 1, 2025. The merger brings Byline's total assets to approximately $9.8 billion, based on December 31, 2024 data.

Under the merger terms, each First Security Bancorp common stock share was converted to 2.3539 shares of Byline common stock. The total merger consideration value at closing was approximately $41.5 million, with First Security Bancorp preferred shares redeemed in cash prior to closing at approximately $2.4 million.

Byline Bancorp (NYSE: BY) has received significant credit rating upgrades from Kroll Bond Rating Agency (KBRA). The agency upgraded Byline's senior unsecured debt rating to BBB+ from BBB, subordinated debt to BBB from BBB-, and short-term debt to K2 from K3. Byline Bank also saw improvements with deposit and senior unsecured debt ratings rising to A- from BBB+ and subordinated debt to BBB+ from BBB.

KBRA's decision is based on Byline's strong and resilient earnings capacity across various interest rate environments, demonstrating top quartile profitability within KBRA-rated institutions. The company's government lending team provides revenue support during declining rate environments, while management has proactively adjusted the balance sheet toward a more neutral position to prepare for potential Fed rate cuts.

The ratings reflect Byline's solid strategic execution, successful acquisition integration history, and strong management team. Notable is the approximately 30% insider ownership, which KBRA views as a credit strength. The company has also made proactive investments in infrastructure, risk systems, and talent in preparation for crossing the $10 billion asset threshold.