Byline Bancorp, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
Fourth quarter net income of
Full year net income of
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At or For the quarter |
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Full Year Highlights (compared to prior year) |
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4Q24 |
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3Q24 |
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4Q23 |
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Financial Results ($ in thousands) |
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• Net income increased |
Net interest income |
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$ |
88,524 |
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$ |
87,455 |
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$ |
86,285 |
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Non-interest income |
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16,149 |
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14,385 |
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14,503 |
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• Net interest income up |
Total revenue(1) |
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104,673 |
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101,840 |
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100,788 |
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Non-interest expense (NIE) |
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57,431 |
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54,327 |
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53,584 |
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Pre-tax pre-provision net income (PTPP)(1) |
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47,242 |
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47,513 |
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47,204 |
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• PTPP net income of |
Provision for credit losses |
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6,878 |
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7,475 |
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7,235 |
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Provision for income taxes |
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10,044 |
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9,710 |
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10,365 |
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• NIE/AA: |
Net Income |
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$ |
30,320 |
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$ |
30,328 |
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$ |
29,604 |
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• Total assets of |
Per Share |
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Diluted earnings per share (EPS) |
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$ |
0.69 |
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$ |
0.69 |
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$ |
0.68 |
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Dividends declared per common share |
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0.09 |
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0.09 |
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0.09 |
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• TBV per share of |
Book value per share |
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24.55 |
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24.70 |
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22.62 |
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Tangible book value (TBV) per share(1) |
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20.09 |
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20.21 |
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17.98 |
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4Q24 Highlights (compared to prior quarter) |
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Balance Sheet & Credit Quality ($ in thousands) |
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• Net interest income of |
Total deposits |
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$ |
7,458,628 |
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$ |
7,497,887 |
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$ |
7,176,999 |
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Total loans and leases |
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6,910,022 |
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6,899,401 |
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6,702,311 |
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Net charge-offs |
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7,792 |
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8,467 |
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12,186 |
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• NIM of |
Allowance for credit losses (ACL) |
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97,988 |
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98,860 |
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101,686 |
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ACL to total loans and leases held for investment |
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• Non-interest income of |
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Select Ratios (annualized where applicable) |
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Efficiency ratio(1) |
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• PTPP net income of |
Return on average assets (ROAA) |
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Return on average stockholders' equity |
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• PTPP ROAA of |
Return on average tangible common equity(1) |
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Net interest margin (NIM) |
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Common equity to total assets |
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• NPA/total assets |
Tangible common equity to tangible assets(1) |
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Common equity tier 1 |
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• CET1 of |
(1) Represents non-GAAP financial measures. See "Reconciliation of non-GAAP Financial Measures" for a reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measure. |
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CEO/President Commentary |
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Roberto R. Herencia, Executive Chairman and CEO of Byline Bancorp, commented, "We continued to execute our strategy of becoming the preeminent commercial bank in
Alberto J. Paracchini, President of Byline Bancorp, added, "Our results in the fourth quarter, highlighted by strong earnings and profitability, cap off a successful 2024, underscoring the momentum we’ve built and our commitment to driving long-term value. Our business units performed well during the year, and we’re pleased with our progress and excited about the opportunities ahead. We believe we are well positioned to support our continued growth and I want to thank all our employees who enabled our strong performance for their dedication, talent and contributions." |
Board Declares Cash Dividend of
On January 21, 2025, the Company's Board of Directors declared a cash dividend of
STATEMENTS OF OPERATIONS HIGHLIGHTS
Net Interest Income
Quarterly results
Net interest income for the fourth quarter of 2024 was
Tax-equivalent net interest margin(1) for the fourth quarter of 2024 was
The average cost of total deposits was
Full-year results
Net interest income for the year ended December 31, 2024 was
Tax-equivalent net interest margin(1) for the year ended December 31, 2024 was
The average cost of total deposits was
Provision for Credit Losses
Quarterly results
The provision for credit losses was
Full-year results
The provision for credit losses was
Non-interest Income
Quarterly results
Non-interest income for the fourth quarter of 2024 was
Net gains on sales of loans were
Full-year results
Non-interest income for the year ended December 31, 2024 was
Net gains on sales of loans were
Non-interest Expense
Quarterly results
Non-interest expense for the fourth quarter of 2024 was
Our efficiency ratio was
Full-year results
Non-interest expense for the year ended December 31, 2024 was
Our efficiency ratio was
Income Taxes
Quarterly results
We recorded income tax expense of
Full-year results
We recorded income tax expense of
STATEMENTS OF FINANCIAL CONDITION HIGHLIGHTS
Assets
Total assets were
The increase for the current quarter was mainly due to an increase in cash and cash equivalents of
The increase for the current year was mainly due to an increase in cash and cash equivalents of
Asset and Credit Quality
The ACL was
Net charge-offs of loans and leases during the fourth quarter of 2024 were
Net charge-offs of loans and leases during the year ended December 31, 2024 were
Non-performing assets were
Non-performing assets increased
Deposits and Other Liabilities
Total deposits decreased
Total borrowings and other liabilities were
Stockholders’ Equity
Total stockholders’ equity was
(1) Represents non-GAAP financial measures. See "Reconciliation of non-GAAP Financial Measures" for a reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measure. |
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Conference Call, Webcast and Slide Presentation
We will host a conference call and webcast at 9:00 a.m. Central Time on Friday, January 24, 2025, to discuss our quarterly financial results. Analysts and investors may participate in the question-and-answer session. The call can be accessed via telephone at (833) 470-1428; passcode 861322. A recorded replay can be accessed through February 7, 2025, by dialing (866) 813-9403; passcode: 409178.
A slide presentation relating to our fourth quarter 2024 results will be accessible prior to the conference call. The slide presentation and webcast of the conference call can be accessed on our investor relations website at www.bylinebancorp.com.
About Byline Bancorp, Inc.
Headquartered in
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the
No representations, warranties or guarantees are or will be made by Byline as to the reliability, accuracy or completeness of any forward-looking statements contained in this communication or that such forward-looking statements are or will remain based on reasonable assumptions. You should not place undue reliance on any forward-looking statements contained in this communication.
Certain risks and important factors that could affect Byline’s future results are identified in our Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission, including among other things under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement speaks only as of the date on which it is made, and Byline undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information or the occurrence of unanticipated events, or otherwise unless required under the federal securities laws.
BYLINE BANCORP, INC. AND SUBSIDIARIES
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December 31, |
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September 30, |
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December 31, |
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(dollars in thousands) |
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2024 |
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2024 |
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2023 |
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ASSETS |
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Cash and due from banks |
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$ |
58,759 |
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$ |
77,047 |
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$ |
60,431 |
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Interest bearing deposits with other banks |
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504,379 |
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375,549 |
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165,705 |
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Cash and cash equivalents |
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563,138 |
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452,596 |
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226,136 |
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Equity and other securities, at fair value |
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9,865 |
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9,132 |
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8,743 |
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Securities available-for-sale, at fair value |
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1,415,696 |
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1,502,108 |
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1,342,480 |
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Securities held-to-maturity, at amortized cost |
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605 |
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605 |
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1,157 |
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Restricted stock, at cost |
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27,452 |
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22,743 |
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16,304 |
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Loans held for sale |
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3,200 |
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19,955 |
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18,005 |
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Loans and leases: |
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Loans and leases |
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6,906,822 |
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6,879,446 |
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6,684,306 |
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Allowance for credit losses - loans and leases |
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(97,988 |
) |
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(98,860 |
) |
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(101,686 |
) |
Net loans and leases |
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6,808,834 |
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6,780,586 |
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6,582,620 |
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Servicing assets, at fair value |
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18,952 |
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18,945 |
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19,844 |
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Premises and equipment, net |
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60,502 |
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63,135 |
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66,627 |
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Other real estate owned, net |
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5,170 |
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532 |
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1,200 |
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Goodwill and other intangible assets, net |
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198,098 |
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199,443 |
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203,478 |
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Bank-owned life insurance |
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100,083 |
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99,295 |
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96,900 |
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Deferred tax assets, net |
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56,458 |
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37,737 |
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50,058 |
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Accrued interest receivable and other assets |
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228,476 |
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217,504 |
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248,415 |
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Total assets |
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$ |
9,496,529 |
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$ |
9,424,316 |
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$ |
8,881,967 |
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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LIABILITIES |
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Non-interest-bearing demand deposits |
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$ |
1,756,098 |
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$ |
1,729,908 |
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$ |
1,905,876 |
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Interest-bearing deposits |
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5,702,530 |
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5,767,979 |
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5,271,123 |
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Total deposits |
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7,458,628 |
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7,497,887 |
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7,176,999 |
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Other borrowings |
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618,773 |
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518,786 |
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395,190 |
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Subordinated notes, net |
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74,040 |
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73,997 |
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73,866 |
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Junior subordinated debentures issued to capital trusts, net |
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70,890 |
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|
70,783 |
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|
70,452 |
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Accrued expenses and other liabilities |
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182,701 |
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166,551 |
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175,309 |
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Total liabilities |
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8,405,032 |
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8,328,004 |
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7,891,816 |
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STOCKHOLDERS’ EQUITY |
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Common stock |
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455 |
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|
454 |
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|
451 |
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Additional paid-in capital |
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717,763 |
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714,864 |
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710,488 |
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Retained earnings |
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533,901 |
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507,576 |
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|
429,036 |
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Treasury stock |
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(46,935 |
) |
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(47,904 |
) |
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(49,707 |
) |
Accumulated other comprehensive loss, net of tax |
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(113,687 |
) |
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(78,678 |
) |
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(100,117 |
) |
Total stockholders’ equity |
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1,091,497 |
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1,096,312 |
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|
990,151 |
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Total liabilities and stockholders’ equity |
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$ |
9,496,529 |
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$ |
9,424,316 |
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$ |
8,881,967 |
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BYLINE BANCORP, INC. AND SUBSIDIARIES
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Three Months Ended |
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Year Ended |
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(dollars in thousands, |
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December 31, |
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September 30, |
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December 31, |
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December 31, |
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December 31, |
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except per share data) |
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2024 |
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2024 |
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2023 |
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2024 |
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2023 |
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INTEREST AND DIVIDEND INCOME |
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Interest and fees on loans and leases |
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$ |
123,702 |
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$ |
128,336 |
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$ |
124,042 |
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$ |
502,353 |
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$ |
440,984 |
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Interest on securities |
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|
11,710 |
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|
|
11,260 |
|
|
|
9,227 |
|
|
|
43,218 |
|
|
|
30,801 |
|
Other interest and dividend income |
|
|
4,191 |
|
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|
6,840 |
|
|
|
2,345 |
|
|
|
20,358 |
|
|
|
7,693 |
|
Total interest and dividend income |
|
|
139,603 |
|
|
|
146,436 |
|
|
|
135,614 |
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|
|
565,929 |
|
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|
479,478 |
|
INTEREST EXPENSE |
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Deposits |
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|
46,725 |
|
|
|
52,076 |
|
|
|
43,252 |
|
|
|
192,366 |
|
|
|
121,436 |
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Other borrowings |
|
|
1,466 |
|
|
|
3,919 |
|
|
|
3,051 |
|
|
|
13,669 |
|
|
|
17,161 |
|
Subordinated notes and debentures |
|
|
2,888 |
|
|
|
2,986 |
|
|
|
3,026 |
|
|
|
11,848 |
|
|
|
10,260 |
|
Total interest expense |
|
|
51,079 |
|
|
|
58,981 |
|
|
|
49,329 |
|
|
|
217,883 |
|
|
|
148,857 |
|
Net interest income |
|
|
88,524 |
|
|
|
87,455 |
|
|
|
86,285 |
|
|
|
348,046 |
|
|
|
330,621 |
|
PROVISION FOR CREDIT LOSSES |
|
|
6,878 |
|
|
|
7,475 |
|
|
|
7,235 |
|
|
|
27,041 |
|
|
|
31,653 |
|
Net interest income after provision for credit losses |
|
|
81,646 |
|
|
|
79,980 |
|
|
|
79,050 |
|
|
|
321,005 |
|
|
|
298,968 |
|
NON-INTEREST INCOME |
|
|
|
|
|
|
|
|
|
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Fees and service charges on deposits |
|
|
2,648 |
|
|
|
2,591 |
|
|
|
2,486 |
|
|
|
10,214 |
|
|
|
9,211 |
|
Loan servicing revenue |
|
|
3,151 |
|
|
|
3,174 |
|
|
|
3,377 |
|
|
|
12,905 |
|
|
|
13,503 |
|
Loan servicing asset revaluation |
|
|
(1,350 |
) |
|
|
(2,183 |
) |
|
|
(1,234 |
) |
|
|
(6,704 |
) |
|
|
(5,089 |
) |
ATM and interchange fees |
|
|
1,083 |
|
|
|
1,143 |
|
|
|
1,082 |
|
|
|
4,464 |
|
|
|
4,462 |
|
Net realized losses on securities available-for-sale |
|
|
(699 |
) |
|
|
— |
|
|
|
— |
|
|
|
(699 |
) |
|
|
— |
|
Change in fair value of equity securities, net |
|
|
732 |
|
|
|
388 |
|
|
|
841 |
|
|
|
1,122 |
|
|
|
1,071 |
|
Net gains on sales of loans |
|
|
7,107 |
|
|
|
5,864 |
|
|
|
5,480 |
|
|
|
24,540 |
|
|
|
22,805 |
|
Wealth management and trust income |
|
|
1,110 |
|
|
|
1,101 |
|
|
|
1,256 |
|
|
|
4,310 |
|
|
|
4,158 |
|
Other non-interest income |
|
|
2,367 |
|
|
|
2,307 |
|
|
|
1,215 |
|
|
|
8,699 |
|
|
|
6,194 |
|
Total non-interest income |
|
|
16,149 |
|
|
|
14,385 |
|
|
|
14,503 |
|
|
|
58,851 |
|
|
|
56,315 |
|
NON-INTEREST EXPENSE |
|
|
|
|
|
|
|
|
|
|
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Salaries and employee benefits |
|
|
37,281 |
|
|
|
34,974 |
|
|
|
31,974 |
|
|
|
140,119 |
|
|
|
126,979 |
|
Occupancy and equipment expense, net |
|
|
4,407 |
|
|
|
4,373 |
|
|
|
4,346 |
|
|
|
18,703 |
|
|
|
18,508 |
|
Impairment charge on assets held for sale |
|
|
— |
|
|
|
— |
|
|
|
1,980 |
|
|
|
— |
|
|
|
2,000 |
|
Loan and lease related expenses |
|
|
660 |
|
|
|
703 |
|
|
|
649 |
|
|
|
2,789 |
|
|
|
2,936 |
|
Legal, audit, and other professional fees |
|
|
3,358 |
|
|
|
3,643 |
|
|
|
2,352 |
|
|
|
13,428 |
|
|
|
12,946 |
|
Data processing |
|
|
4,473 |
|
|
|
4,215 |
|
|
|
4,982 |
|
|
|
16,869 |
|
|
|
19,509 |
|
Net loss recognized on other real estate owned and other related expenses |
|
|
654 |
|
|
|
74 |
|
|
|
89 |
|
|
|
568 |
|
|
|
385 |
|
Other intangible assets amortization expense |
|
|
1,345 |
|
|
|
1,345 |
|
|
|
1,550 |
|
|
|
5,380 |
|
|
|
6,011 |
|
Other non-interest expense |
|
|
5,253 |
|
|
|
5,000 |
|
|
|
5,662 |
|
|
|
20,921 |
|
|
|
20,329 |
|
Total non-interest expense |
|
|
57,431 |
|
|
|
54,327 |
|
|
|
53,584 |
|
|
|
218,777 |
|
|
|
209,603 |
|
INCOME BEFORE PROVISION FOR INCOME TAXES |
|
|
40,364 |
|
|
|
40,038 |
|
|
|
39,969 |
|
|
|
161,079 |
|
|
|
145,680 |
|
PROVISION FOR INCOME TAXES |
|
|
10,044 |
|
|
|
9,710 |
|
|
|
10,365 |
|
|
|
40,320 |
|
|
|
37,802 |
|
NET INCOME |
|
$ |
30,320 |
|
|
$ |
30,328 |
|
|
$ |
29,604 |
|
|
$ |
120,759 |
|
|
$ |
107,878 |
|
EARNINGS PER COMMON SHARE |
|
|
|
|
|
|
|
|
|
|
||||||||||
Basic |
|
$ |
0.69 |
|
|
$ |
0.70 |
|
|
$ |
0.69 |
|
|
$ |
2.78 |
|
|
$ |
2.69 |
|
Diluted |
|
$ |
0.69 |
|
|
$ |
0.69 |
|
|
$ |
0.68 |
|
|
$ |
2.75 |
|
|
$ |
2.67 |
|
BYLINE BANCORP, INC. AND SUBSIDIARIES
|
|||||||||||||||||||
|
As of or For the Three Months Ended |
|
As of or For the Year Ended |
||||||||||||||||
(dollars in thousands, except share |
December 31, |
|
September 30, |
|
December 31, |
|
December 31, |
|
December 31, |
||||||||||
and per share data) |
2024 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||||
Earnings per Common Share |
|
|
|
|
|
|
|
|
|
||||||||||
Basic earnings per common share |
$ |
0.69 |
|
|
$ |
0.70 |
|
|
$ |
0.69 |
|
|
$ |
2.78 |
|
|
$ |
2.69 |
|
Diluted earnings per common share |
$ |
0.69 |
|
|
$ |
0.69 |
|
|
$ |
0.68 |
|
|
$ |
2.75 |
|
|
$ |
2.67 |
|
Adjusted diluted earnings per common share(1)(3) |
$ |
0.69 |
|
|
$ |
0.70 |
|
|
$ |
0.73 |
|
|
$ |
2.76 |
|
|
$ |
2.89 |
|
Weighted average common shares outstanding (basic) |
|
43,656,793 |
|
|
|
43,516,006 |
|
|
|
43,065,294 |
|
|
|
43,448,856 |
|
|
|
40,045,208 |
|
Weighted average common shares outstanding (diluted) |
|
44,179,818 |
|
|
|
43,966,189 |
|
|
|
43,537,778 |
|
|
|
43,853,939 |
|
|
|
40,445,553 |
|
Common shares outstanding |
|
44,459,584 |
|
|
|
44,384,706 |
|
|
|
43,764,056 |
|
|
|
44,459,584 |
|
|
|
43,764,056 |
|
Cash dividends per common share |
$ |
0.09 |
|
|
$ |
0.09 |
|
|
$ |
0.09 |
|
|
$ |
0.36 |
|
|
$ |
0.36 |
|
Dividend payout ratio on common stock |
|
13.04 |
% |
|
|
13.04 |
% |
|
|
13.24 |
% |
|
|
13.09 |
% |
|
|
13.48 |
% |
Book value per common share |
$ |
24.55 |
|
|
$ |
24.70 |
|
|
$ |
22.62 |
|
|
$ |
24.55 |
|
|
$ |
22.62 |
|
Tangible book value per common share(1) |
$ |
20.09 |
|
|
$ |
20.21 |
|
|
$ |
17.98 |
|
|
$ |
20.09 |
|
|
$ |
17.98 |
|
Key Ratios and Performance Metrics
|
|
|
|
|
|
|
|
|
|
||||||||||
Net interest margin |
|
4.01 |
% |
|
|
3.88 |
% |
|
|
4.08 |
% |
|
|
3.97 |
% |
|
|
4.31 |
% |
Net interest margin, fully taxable equivalent (1)(4) |
|
4.02 |
% |
|
|
3.89 |
% |
|
|
4.09 |
% |
|
|
3.98 |
% |
|
|
4.32 |
% |
Average cost of deposits |
|
2.48 |
% |
|
|
2.76 |
% |
|
|
2.42 |
% |
|
|
2.61 |
% |
|
|
1.90 |
% |
Efficiency ratio(1)(2) |
|
53.58 |
% |
|
|
52.02 |
% |
|
|
51.63 |
% |
|
|
52.45 |
% |
|
|
52.62 |
% |
Adjusted efficiency ratio(1)(2)(3) |
|
53.37 |
% |
|
|
51.62 |
% |
|
|
48.64 |
% |
|
|
52.24 |
% |
|
|
49.61 |
% |
Non-interest income to total revenues(1) |
|
15.43 |
% |
|
|
14.13 |
% |
|
|
14.39 |
% |
|
|
14.46 |
% |
|
|
14.55 |
% |
Non-interest expense to average assets |
|
2.48 |
% |
|
|
2.31 |
% |
|
|
2.42 |
% |
|
|
2.38 |
% |
|
|
2.60 |
% |
Adjusted non-interest expense to average assets(1)(3) |
|
2.47 |
% |
|
|
2.29 |
% |
|
|
2.28 |
% |
|
|
2.37 |
% |
|
|
2.46 |
% |
Return on average stockholders' equity |
|
11.03 |
% |
|
|
11.39 |
% |
|
|
12.56 |
% |
|
|
11.61 |
% |
|
|
12.50 |
% |
Adjusted return on average stockholders' equity(1)(3) |
|
11.10 |
% |
|
|
11.53 |
% |
|
|
13.50 |
% |
|
|
11.68 |
% |
|
|
13.53 |
% |
Return on average assets |
|
1.31 |
% |
|
|
1.29 |
% |
|
|
1.34 |
% |
|
|
1.31 |
% |
|
|
1.34 |
% |
Adjusted return on average assets(1)(3) |
|
1.32 |
% |
|
|
1.30 |
% |
|
|
1.44 |
% |
|
|
1.32 |
% |
|
|
1.45 |
% |
Pre-tax pre-provision return on average assets(1) |
|
2.04 |
% |
|
|
2.02 |
% |
|
|
2.13 |
% |
|
|
2.05 |
% |
|
|
2.20 |
% |
Adjusted pre-tax pre-provision return on average assets(1)(3) |
|
2.05 |
% |
|
|
2.03 |
% |
|
|
2.27 |
% |
|
|
2.06 |
% |
|
|
2.35 |
% |
Return on average tangible common stockholders' equity(1) |
|
13.92 |
% |
|
|
14.49 |
% |
|
|
16.68 |
% |
|
|
14.85 |
% |
|
|
16.46 |
% |
Adjusted return on average tangible common stockholders' equity(1)(3) |
|
14.02 |
% |
|
|
14.67 |
% |
|
|
17.89 |
% |
|
|
14.94 |
% |
|
|
17.76 |
% |
Non-interest-bearing deposits to total deposits |
|
23.54 |
% |
|
|
23.07 |
% |
|
|
26.56 |
% |
|
|
23.54 |
% |
|
|
26.56 |
% |
Loans and leases held for sale and loans and lease held for investment to total deposits |
|
92.64 |
% |
|
|
92.02 |
% |
|
|
93.39 |
% |
|
|
92.64 |
% |
|
|
93.39 |
% |
Deposits to total liabilities |
|
88.74 |
% |
|
|
90.03 |
% |
|
|
90.94 |
% |
|
|
88.74 |
% |
|
|
90.94 |
% |
Deposits per branch |
$ |
162,144 |
|
|
$ |
162,998 |
|
|
$ |
149,521 |
|
|
$ |
162,144 |
|
|
$ |
149,521 |
|
Asset Quality Ratios |
|
|
|
|
|
|
|
|
|
||||||||||
Non-performing loans and leases to total loans and leases held for investment, net before ACL |
|
0.90 |
% |
|
|
1.02 |
% |
|
|
0.96 |
% |
|
|
0.90 |
% |
|
|
0.96 |
% |
Total non-performing assets as a percentage of total assets |
|
0.71 |
% |
|
|
0.75 |
% |
|
|
0.74 |
% |
|
|
0.71 |
% |
|
|
0.74 |
% |
ACL to total loans and leases held for investment, net before ACL |
|
1.42 |
% |
|
|
1.44 |
% |
|
|
1.52 |
% |
|
|
1.42 |
% |
|
|
1.52 |
% |
Net charge-offs to average total loans and leases held for investment, net before ACL - loans and leases |
|
0.45 |
% |
|
|
0.49 |
% |
|
|
0.73 |
% |
|
|
0.47 |
% |
|
|
0.38 |
% |
Capital Ratios |
|
|
|
|
|
|
|
|
|
||||||||||
Common equity to total assets |
|
11.49 |
% |
|
|
11.63 |
% |
|
|
11.15 |
% |
|
|
11.49 |
% |
|
|
11.15 |
% |
Tangible common equity to tangible assets(1) |
|
9.61 |
% |
|
|
9.72 |
% |
|
|
9.06 |
% |
|
|
9.61 |
% |
|
|
9.06 |
% |
Leverage ratio |
|
11.74 |
% |
|
|
11.18 |
% |
|
|
10.86 |
% |
|
|
11.74 |
% |
|
|
10.86 |
% |
Common equity tier 1 capital ratio |
|
11.70 |
% |
|
|
11.35 |
% |
|
|
10.35 |
% |
|
|
11.70 |
% |
|
|
10.35 |
% |
Tier 1 capital ratio |
|
12.73 |
% |
|
|
12.39 |
% |
|
|
11.39 |
% |
|
|
12.73 |
% |
|
|
11.39 |
% |
Total capital ratio |
|
14.74 |
% |
|
|
14.41 |
% |
|
|
13.38 |
% |
|
|
14.74 |
% |
|
|
13.38 |
% |
(1) Represents a non-GAAP financial measure. See “Reconciliation of non-GAAP Financial Measures” for a reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measure. |
|||||||||||||||||||
(2) Represents non-interest expense less amortization of intangible assets divided by net interest income and non-interest income. |
|||||||||||||||||||
(3) Calculation excludes merger-related expenses and impairment charges on ROU assets. |
|||||||||||||||||||
(4) Interest income and rates include the effects of a tax equivalent adjustment to adjust tax exempt investment income on tax exempt investment securities to a fully taxable basis, assuming a federal income tax rate of |
|||||||||||||||||||
BYLINE BANCORP, INC. AND SUBSIDIARIES
|
||||||||||||||||||||||||||||||||
|
For the Three Months Ended |
|||||||||||||||||||||||||||||||
|
December 31, 2024 |
|
September 30, 2024 |
|
December 31, 2023 |
|||||||||||||||||||||||||||
(dollars in thousands) |
Average Balance(5) |
|
Interest Inc / Exp |
|
Avg. Yield / Rate |
|
Average Balance(5) |
|
Interest Inc / Exp |
|
Avg. Yield / Rate |
|
Average Balance(5) |
|
Interest Inc / Exp |
|
Avg. Yield / Rate |
|||||||||||||||
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Cash and cash equivalents |
$ |
272,409 |
|
|
$ |
2,721 |
|
|
3.97 |
% |
|
$ |
468,852 |
|
|
$ |
5,771 |
|
|
4.90 |
% |
|
$ |
201,862 |
|
|
$ |
1,822 |
|
|
3.58 |
% |
Loans and leases(1) |
|
6,828,128 |
|
|
|
123,702 |
|
|
7.21 |
% |
|
|
6,827,726 |
|
|
|
128,336 |
|
|
7.48 |
% |
|
|
6,632,827 |
|
|
|
124,042 |
|
|
7.42 |
% |
Taxable securities |
|
1,529,134 |
|
|
|
12,317 |
|
|
3.20 |
% |
|
|
1,508,987 |
|
|
|
11,467 |
|
|
3.02 |
% |
|
|
1,389,580 |
|
|
|
8,848 |
|
|
2.53 |
% |
Tax-exempt securities(2) |
|
155,505 |
|
|
|
1,093 |
|
|
2.80 |
% |
|
|
156,085 |
|
|
|
1,091 |
|
|
2.78 |
% |
|
|
163,608 |
|
|
|
1,142 |
|
|
2.77 |
% |
Total interest-earning assets |
$ |
8,785,176 |
|
|
$ |
139,833 |
|
|
6.33 |
% |
|
$ |
8,961,650 |
|
|
$ |
146,665 |
|
|
6.51 |
% |
|
$ |
8,387,877 |
|
|
$ |
135,854 |
|
|
6.43 |
% |
Allowance for credit losses - loans and leases |
|
(100,281 |
) |
|
|
|
|
|
|
(101,001 |
) |
|
|
|
|
|
|
(106,474 |
) |
|
|
|
|
|||||||||
All other assets |
|
516,740 |
|
|
|
|
|
|
|
513,200 |
|
|
|
|
|
|
|
506,233 |
|
|
|
|
|
|||||||||
TOTAL ASSETS |
$ |
9,201,635 |
|
|
|
|
|
|
$ |
9,373,849 |
|
|
|
|
|
|
$ |
8,787,636 |
|
|
|
|
|
|||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Deposits |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Interest checking |
$ |
717,222 |
|
|
$ |
3,478 |
|
|
1.93 |
% |
|
$ |
754,586 |
|
|
$ |
4,439 |
|
|
2.34 |
% |
|
$ |
570,706 |
|
|
$ |
2,335 |
|
|
1.62 |
% |
Money market accounts |
|
2,480,805 |
|
|
|
19,951 |
|
|
3.20 |
% |
|
|
2,386,909 |
|
|
|
21,371 |
|
|
3.56 |
% |
|
|
2,159,841 |
|
|
|
18,730 |
|
|
3.44 |
% |
Savings |
|
486,262 |
|
|
|
130 |
|
|
0.11 |
% |
|
|
495,541 |
|
|
|
190 |
|
|
0.15 |
% |
|
|
560,372 |
|
|
|
208 |
|
|
0.15 |
% |
Time deposits |
|
2,020,225 |
|
|
|
23,166 |
|
|
4.56 |
% |
|
|
2,134,587 |
|
|
|
26,076 |
|
|
4.86 |
% |
|
|
1,861,279 |
|
|
|
21,979 |
|
|
4.68 |
% |
Total interest-bearing deposits |
|
5,704,514 |
|
|
|
46,725 |
|
|
3.26 |
% |
|
|
5,771,623 |
|
|
|
52,076 |
|
|
3.59 |
% |
|
|
5,152,198 |
|
|
|
43,252 |
|
|
3.33 |
% |
Other borrowings |
|
301,959 |
|
|
|
1,466 |
|
|
1.93 |
% |
|
|
474,498 |
|
|
|
3,919 |
|
|
3.29 |
% |
|
|
395,711 |
|
|
|
3,051 |
|
|
3.06 |
% |
Subordinated notes and debentures |
|
144,853 |
|
|
|
2,888 |
|
|
7.93 |
% |
|
|
144,702 |
|
|
|
2,986 |
|
|
8.21 |
% |
|
|
144,230 |
|
|
|
3,026 |
|
|
8.32 |
% |
Total borrowings |
|
446,812 |
|
|
|
4,354 |
|
|
3.88 |
% |
|
|
619,200 |
|
|
|
6,905 |
|
|
4.44 |
% |
|
|
539,941 |
|
|
|
6,077 |
|
|
4.47 |
% |
Total interest-bearing liabilities |
$ |
6,151,326 |
|
|
$ |
51,079 |
|
|
3.30 |
% |
|
$ |
6,390,823 |
|
|
$ |
58,981 |
|
|
3.67 |
% |
|
$ |
5,692,139 |
|
|
$ |
49,329 |
|
|
3.44 |
% |
Non-interest-bearing demand deposits |
|
1,777,273 |
|
|
|
|
|
|
|
1,741,250 |
|
|
|
|
|
|
|
1,950,644 |
|
|
|
|
|
|||||||||
Other liabilities |
|
179,011 |
|
|
|
|
|
|
|
182,148 |
|
|
|
|
|
|
|
209,656 |
|
|
|
|
|
|||||||||
Total stockholders’ equity |
|
1,094,025 |
|
|
|
|
|
|
|
1,059,628 |
|
|
|
|
|
|
|
935,197 |
|
|
|
|
|
|||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |
$ |
9,201,635 |
|
|
|
|
|
|
$ |
9,373,849 |
|
|
|
|
|
|
$ |
8,787,636 |
|
|
|
|
|
|||||||||
Net interest spread(3) |
|
|
|
|
|
3.03 |
% |
|
|
|
|
|
|
2.84 |
% |
|
|
|
|
|
|
2.99 |
% |
|||||||||
Net interest income, fully taxable equivalent |
|
|
$ |
88,754 |
|
|
|
|
|
$ |
87,684 |
|
|
|
|
|
$ |
86,525 |
|
|
||||||||||||
Net interest margin, fully taxable equivalent(2)(4) |
|
|
|
|
|
4.02 |
% |
|
|
|
|
|
|
3.89 |
% |
|
|
|
|
|
|
4.09 |
% |
|||||||||
Less: Tax-equivalent adjustment |
|
|
|
230 |
|
|
0.01 |
% |
|
|
|
|
229 |
|
|
0.01 |
% |
|
|
|
|
240 |
|
|
0.01 |
% |
||||||
Net interest income |
|
|
$ |
88,524 |
|
|
|
|
|
$ |
87,455 |
|
|
|
|
|
$ |
86,285 |
|
|
||||||||||||
Net interest margin(4) |
|
|
|
|
|
4.01 |
% |
|
|
|
|
|
|
3.88 |
% |
|
|
|
|
|
|
4.08 |
% |
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Net loan accretion impact on margin |
|
|
$ |
2,590 |
|
|
0.12 |
% |
|
|
|
$ |
2,982 |
|
|
0.13 |
% |
|
|
|
$ |
5,110 |
|
|
0.24 |
% |
||||||
(1) Loan and lease balances are net of deferred origination fees and costs and initial direct costs. Non-accrual loans and leases are included in total loan and lease balances. |
||||||||||||||||||||||||||||||||
(2) Interest income and rates include the effects of a tax equivalent adjustment to adjust tax exempt investment income on tax exempt investment securities to a fully taxable basis, assuming a federal income tax rate of |
||||||||||||||||||||||||||||||||
(3) Represents the average rate earned on interest-earning assets minus the average rate paid on interest-bearing liabilities. |
||||||||||||||||||||||||||||||||
(4) Represents net interest income (annualized) divided by total average earning assets. |
||||||||||||||||||||||||||||||||
(5) Average balances are average daily balances. |
||||||||||||||||||||||||||||||||
BYLINE BANCORP, INC. AND SUBSIDIARIES
|
||||||||||||||||||||||
|
|
For the Year Ended |
||||||||||||||||||||
|
|
December 31, 2024 |
|
December 31, 2023 |
||||||||||||||||||
(dollars in thousands) |
|
Average Balance(4) |
|
Interest Inc / Exp |
|
Average Yield / Rate |
|
Average Balance(4) |
|
Interest Inc / Exp |
|
Average Yield / Rate |
||||||||||
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Cash and cash equivalents |
|
$ |
346,777 |
|
|
$ |
15,635 |
|
|
4.51 |
% |
|
$ |
157,754 |
|
|
$ |
5,029 |
|
|
3.19 |
% |
Loans and leases(1) |
|
|
6,786,547 |
|
|
|
502,353 |
|
|
7.40 |
% |
|
|
6,038,797 |
|
|
|
440,984 |
|
|
7.30 |
% |
Taxable securities |
|
|
1,483,640 |
|
|
|
44,476 |
|
|
3.00 |
% |
|
|
1,322,379 |
|
|
|
30,068 |
|
|
2.27 |
% |
Tax-exempt securities(2) |
|
|
157,050 |
|
|
|
4,386 |
|
|
2.79 |
% |
|
|
158,918 |
|
|
|
4,300 |
|
|
2.71 |
% |
Total interest-earning assets |
|
$ |
8,774,014 |
|
|
$ |
566,850 |
|
|
6.46 |
% |
|
$ |
7,677,848 |
|
|
$ |
480,381 |
|
|
6.26 |
% |
Allowance for credit losses - loans and leases |
|
|
(101,695 |
) |
|
|
|
|
|
|
(98,067 |
) |
|
|
|
|
||||||
All other assets |
|
|
515,023 |
|
|
|
|
|
|
|
468,550 |
|
|
|
|
|
||||||
TOTAL ASSETS |
|
$ |
9,187,342 |
|
|
|
|
|
|
$ |
8,048,331 |
|
|
|
|
|
||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Deposits |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Interest checking |
|
$ |
695,156 |
|
|
$ |
14,442 |
|
|
2.08 |
% |
|
$ |
574,335 |
|
|
$ |
9,212 |
|
|
1.60 |
% |
Money market accounts |
|
|
2,344,309 |
|
|
|
80,960 |
|
|
3.45 |
% |
|
|
1,802,675 |
|
|
|
53,933 |
|
|
2.99 |
% |
Savings |
|
|
506,889 |
|
|
|
711 |
|
|
0.14 |
% |
|
|
585,820 |
|
|
|
883 |
|
|
0.15 |
% |
Time deposits |
|
|
2,024,942 |
|
|
|
96,253 |
|
|
4.75 |
% |
|
|
1,468,836 |
|
|
|
57,408 |
|
|
3.91 |
% |
Total interest-bearing deposits |
|
|
5,571,296 |
|
|
|
192,366 |
|
|
3.45 |
% |
|
|
4,431,666 |
|
|
|
121,436 |
|
|
2.74 |
% |
Other borrowings |
|
|
442,364 |
|
|
|
13,648 |
|
|
3.09 |
% |
|
|
484,984 |
|
|
|
17,125 |
|
|
3.53 |
% |
Federal funds purchased |
|
|
348 |
|
|
|
21 |
|
|
6.05 |
% |
|
|
685 |
|
|
|
36 |
|
|
5.30 |
% |
Subordinated notes and debentures |
|
|
144,624 |
|
|
|
11,848 |
|
|
8.19 |
% |
|
|
127,825 |
|
|
|
10,260 |
|
|
8.03 |
% |
Total borrowings |
|
|
587,336 |
|
|
|
25,517 |
|
|
4.34 |
% |
|
|
613,494 |
|
|
|
27,421 |
|
|
4.47 |
% |
Total interest-bearing liabilities |
|
$ |
6,158,632 |
|
|
$ |
217,883 |
|
|
3.54 |
% |
|
$ |
5,045,160 |
|
|
$ |
148,857 |
|
|
2.95 |
% |
Non-interest-bearing demand deposits |
|
|
1,802,258 |
|
|
|
|
|
|
|
1,965,663 |
|
|
|
|
|
||||||
Other liabilities |
|
|
185,937 |
|
|
|
|
|
|
|
174,416 |
|
|
|
|
|
||||||
Total stockholders’ equity |
|
|
1,040,515 |
|
|
|
|
|
|
|
863,092 |
|
|
|
|
|
||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
$ |
9,187,342 |
|
|
|
|
|
|
$ |
8,048,331 |
|
|
|
|
|
||||||
Net interest spread(3) |
|
|
|
|
|
|
2.92 |
% |
|
|
|
|
|
|
3.31 |
% |
||||||
Net interest income, fully taxable equivalent |
|
|
|
$ |
348,967 |
|
|
|
|
|
$ |
331,524 |
|
|
||||||||
Net interest margin, fully taxable equivalent(2)(4) |
|
|
|
|
|
|
3.98 |
% |
|
|
|
|
|
|
4.32 |
% |
||||||
Less: Tax-equivalent adjustment |
|
|
|
|
921 |
|
|
0.01 |
% |
|
|
|
|
903 |
|
|
0.01 |
% |
||||
Net interest income |
|
|
|
$ |
348,046 |
|
|
|
|
|
$ |
330,621 |
|
|
||||||||
Net interest margin(4) |
|
|
|
|
|
|
3.97 |
% |
|
|
|
|
|
|
4.31 |
% |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net loan accretion impact on margin |
|
|
|
$ |
13,511 |
|
|
0.15 |
% |
|
|
|
$ |
16,726 |
|
|
0.22 |
% |
||||
(1) Loan and lease balances are net of deferred origination fees and costs and initial direct costs. Non-accrual loans and leases are included in total loan and lease balances. |
||||||||||||||||||||||
(2) Interest income and rates include the effects of a tax equivalent adjustment to adjust tax exempt investment income on tax exempt investment securities to a fully taxable basis, assuming a federal income tax rate of |
||||||||||||||||||||||
(3) Represents the average rate earned on interest-earning assets minus the average rate paid on interest-bearing liabilities. |
||||||||||||||||||||||
(4) Average balances are average daily balances. |
||||||||||||||||||||||
BYLINE BANCORP, INC. AND SUBSIDIARIES
|
||||||||||||||||||||||||
The following table presents our allocation of originated, purchased credit deteriorated (PCD), and acquired non-credit-deteriorated loans and leases at the dates indicated: |
||||||||||||||||||||||||
|
|
December 31, 2024 |
|
September 30, 2024 |
|
December 31, 2023 |
||||||||||||||||||
(dollars in thousands) |
|
Amount |
|
% of Total |
|
Amount |
|
% of Total |
|
Amount |
|
% of Total |
||||||||||||
Originated loans and leases: |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Commercial real estate |
|
$ |
2,071,952 |
|
|
|
30.0 |
% |
|
$ |
2,040,072 |
|
|
|
29.7 |
% |
|
$ |
1,907,029 |
|
|
|
28.5 |
% |
Residential real estate |
|
|
513,422 |
|
|
|
7.4 |
% |
|
|
497,034 |
|
|
|
7.2 |
% |
|
|
465,133 |
|
|
|
7.0 |
% |
Construction, land development, and other land |
|
|
429,596 |
|
|
|
6.2 |
% |
|
|
415,636 |
|
|
|
6.0 |
% |
|
|
415,162 |
|
|
|
6.2 |
% |
Commercial and industrial |
|
|
2,509,083 |
|
|
|
36.3 |
% |
|
|
2,476,177 |
|
|
|
36.0 |
% |
|
|
2,311,563 |
|
|
|
34.6 |
% |
Installment and other |
|
|
3,847 |
|
|
|
0.1 |
% |
|
|
3,839 |
|
|
|
0.1 |
% |
|
|
2,919 |
|
|
|
0.0 |
% |
Leasing financing receivables |
|
|
715,899 |
|
|
|
10.4 |
% |
|
|
711,233 |
|
|
|
10.3 |
% |
|
|
665,239 |
|
|
|
10.0 |
% |
Total originated loans and leases |
|
$ |
6,243,799 |
|
|
|
90.4 |
% |
|
$ |
6,143,991 |
|
|
|
89.3 |
% |
|
$ |
5,767,045 |
|
|
|
86.3 |
% |
Purchased credit deteriorated loans: |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Commercial real estate |
|
$ |
82,934 |
|
|
|
1.2 |
% |
|
$ |
95,240 |
|
|
|
1.4 |
% |
|
$ |
137,807 |
|
|
|
2.1 |
% |
Residential real estate |
|
|
30,515 |
|
|
|
0.4 |
% |
|
|
31,362 |
|
|
|
0.5 |
% |
|
|
42,510 |
|
|
|
0.6 |
% |
Construction, land development, and other land |
|
|
— |
|
|
|
0.0 |
% |
|
|
4 |
|
|
|
0.0 |
% |
|
|
25,331 |
|
|
|
0.4 |
% |
Commercial and industrial |
|
|
14,081 |
|
|
|
0.2 |
% |
|
|
14,526 |
|
|
|
0.2 |
% |
|
|
19,460 |
|
|
|
0.3 |
% |
Installment and other |
|
|
105 |
|
|
|
0.0 |
% |
|
|
110 |
|
|
|
0.0 |
% |
|
|
125 |
|
|
|
0.0 |
% |
Total purchased credit deteriorated loans |
|
$ |
127,635 |
|
|
|
1.8 |
% |
|
$ |
141,242 |
|
|
|
2.1 |
% |
|
$ |
225,233 |
|
|
|
3.4 |
% |
Acquired non-credit-deteriorated loans and leases: |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Commercial real estate |
|
$ |
199,531 |
|
|
|
2.9 |
% |
|
$ |
227,035 |
|
|
|
3.3 |
% |
|
$ |
275,476 |
|
|
|
4.1 |
% |
Residential real estate |
|
|
182,165 |
|
|
|
2.6 |
% |
|
|
181,976 |
|
|
|
2.6 |
% |
|
|
211,887 |
|
|
|
3.2 |
% |
Construction, land development, and other land |
|
|
59,673 |
|
|
|
0.9 |
% |
|
|
84,172 |
|
|
|
1.2 |
% |
|
|
86,344 |
|
|
|
1.3 |
% |
Commercial and industrial |
|
|
93,969 |
|
|
|
1.4 |
% |
|
|
100,852 |
|
|
|
1.5 |
% |
|
|
117,538 |
|
|
|
1.7 |
% |
Installment and other |
|
|
14 |
|
|
|
0.0 |
% |
|
|
32 |
|
|
|
0.0 |
% |
|
|
156 |
|
|
|
0.0 |
% |
Leasing financing receivables |
|
|
36 |
|
|
|
0.0 |
% |
|
|
146 |
|
|
|
0.0 |
% |
|
|
627 |
|
|
|
0.0 |
% |
Total acquired non-credit-deteriorated loans and leases |
|
$ |
535,388 |
|
|
|
7.8 |
% |
|
$ |
594,213 |
|
|
|
8.6 |
% |
|
$ |
692,028 |
|
|
|
10.3 |
% |
Total loans and leases |
|
$ |
6,906,822 |
|
|
|
100.0 |
% |
|
$ |
6,879,446 |
|
|
|
100.0 |
% |
|
$ |
6,684,306 |
|
|
|
100.0 |
% |
Allowance for credit losses - loans and leases |
|
|
(97,988 |
) |
|
|
|
|
(98,860 |
) |
|
|
|
|
(101,686 |
) |
|
|
||||||
Total loans and leases, net of allowance for credit losses - loans and leases |
|
$ |
6,808,834 |
|
|
|
|
$ |
6,780,586 |
|
|
|
|
$ |
6,582,620 |
|
|
|
||||||
The following table presents the balance and activity within the allowance for credit losses - loans and lease for the periods indicated: |
||||||||||||||||||||
|
|
Three Months Ended |
|
Year Ended |
||||||||||||||||
|
|
December 31, |
|
September 30, |
|
December 31, |
|
December 31, |
|
December 31, |
||||||||||
(dollars in thousands) |
|
2024 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||||
ACL - loans and leases, beginning of period |
|
$ |
98,860 |
|
|
$ |
99,730 |
|
|
$ |
105,696 |
|
|
$ |
101,686 |
|
|
$ |
81,924 |
|
Adjustment for acquired PCD loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,596 |
|
Provision for credit losses - loans and leases |
|
|
6,920 |
|
|
|
7,597 |
|
|
|
8,176 |
|
|
|
28,286 |
|
|
|
32,220 |
|
Net charge-offs - loans and leases |
|
|
(7,792 |
) |
|
|
(8,467 |
) |
|
|
(12,186 |
) |
|
|
(31,984 |
) |
|
|
(23,054 |
) |
ACL - loans and leases, end of period |
|
$ |
97,988 |
|
|
$ |
98,860 |
|
|
$ |
101,686 |
|
|
$ |
97,988 |
|
|
$ |
101,686 |
|
Net charge-offs - loans and leases to average total loans and leases held for investment, net before ACL |
|
|
0.45 |
% |
|
|
0.49 |
% |
|
|
0.73 |
% |
|
|
0.47 |
% |
|
|
0.38 |
% |
Provision for credit losses - loans and leases to net charge-offs - loans and leases during the period |
|
|
0.89 |
x |
|
|
0.90 |
x |
|
|
0.67 |
x |
|
|
0.88 |
x |
|
|
1.40 |
x |
BYLINE BANCORP, INC. AND SUBSIDIARIES
|
||||||||||||||||||||
The following table presents the amounts of non-performing loans and leases and other real estate owned at the date indicated: |
||||||||||||||||||||
|
|
|
|
|
|
|
|
December 31, 2024 |
||||||||||||
|
|
|
|
|
|
|
|
Change from |
||||||||||||
(dollars in thousands) |
|
December 31, 2024 |
|
September 30, 2024 |
|
December 31, 2023 |
|
September 30, 2024 |
|
December 31, 2023 |
||||||||||
Non-performing assets: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-accrual loans and leases |
|
$ |
62,076 |
|
|
$ |
70,507 |
|
|
$ |
64,107 |
|
|
|
(12.0 |
)% |
|
|
(3.2 |
)% |
Past due loans and leases 90 days or more and still accruing interest |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
— |
% |
|
— |
% |
||
Total non-performing loans and leases |
|
$ |
62,076 |
|
|
$ |
70,507 |
|
|
$ |
64,107 |
|
|
|
(12.0 |
)% |
|
|
(3.2 |
)% |
Other real estate owned |
|
|
5,170 |
|
|
|
532 |
|
|
|
1,200 |
|
|
|
871.2 |
% |
|
|
330.7 |
% |
Total non-performing assets |
|
$ |
67,246 |
|
|
$ |
71,039 |
|
|
$ |
65,307 |
|
|
|
(5.3 |
)% |
|
|
3.0 |
% |
Total non-performing loans and leases as a percentage of total loans and leases |
|
|
0.90 |
% |
|
|
1.02 |
% |
|
|
0.96 |
% |
|
|
|
|
||||
Total non-performing assets as a percentage of total assets |
|
|
0.71 |
% |
|
|
0.75 |
% |
|
|
0.74 |
% |
|
|
|
|
||||
Allowance for credit losses - loans and lease as a percentage of non-performing loans and leases |
|
|
157.85 |
% |
|
|
140.21 |
% |
|
|
158.62 |
% |
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-performing assets guaranteed by |
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-accrual loans guaranteed |
|
$ |
9,862 |
|
|
$ |
11,332 |
|
|
$ |
4,154 |
|
|
|
(13.0 |
)% |
|
|
137.4 |
% |
Past due loans 90 days or more and still accruing interest guaranteed |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
— |
% |
|
— |
% |
||
Total non-performing loans guaranteed |
|
$ |
9,862 |
|
|
$ |
11,332 |
|
|
$ |
4,154 |
|
|
|
(13.0 |
)% |
|
|
137.4 |
% |
Total non-performing loans and leases not guaranteed as a percentage of total loans and leases |
|
|
0.76 |
% |
|
|
0.86 |
% |
|
|
0.90 |
% |
|
|
|
|
||||
Total non-performing assets not guaranteed as a percentage of total assets |
|
|
0.60 |
% |
|
|
0.63 |
% |
|
|
0.69 |
% |
|
|
|
|
||||
The following table presents the composition of deposits at the dates indicated: |
||||||||||||||||
|
|
|
|
|
|
|
December 31, 2024 |
|||||||||
|
|
|
|
|
|
|
Change from |
|||||||||
(dollars in thousands) |
December 31, 2024 |
|
September 30, 2024 |
|
December 31, 2023 |
|
September 30, 2024 |
|
December 31, 2023 |
|||||||
Non-interest-bearing demand deposits |
$ |
1,756,098 |
|
$ |
1,729,908 |
|
$ |
1,905,876 |
|
|
1.5 |
% |
|
|
(7.9 |
)% |
Interest-bearing checking accounts |
|
767,835 |
|
|
749,721 |
|
|
577,609 |
|
|
2.4 |
% |
|
|
32.9 |
% |
Money market demand accounts |
|
2,518,157 |
|
|
2,426,522 |
|
|
2,266,030 |
|
|
3.8 |
% |
|
|
11.1 |
% |
Other savings |
|
483,650 |
|
|
489,618 |
|
|
542,532 |
|
|
(1.2 |
)% |
|
|
(10.9 |
)% |
Time deposits (below |
|
1,498,277 |
|
|
1,639,658 |
|
|
1,520,082 |
|
|
(8.6 |
)% |
|
|
(1.4 |
)% |
Time deposits ( |
|
434,611 |
|
|
462,460 |
|
|
364,870 |
|
|
(6.0 |
)% |
|
|
19.1 |
% |
Total deposits |
$ |
7,458,628 |
|
$ |
7,497,887 |
|
$ |
7,176,999 |
|
|
(0.5 |
)% |
|
|
3.9 |
% |
BYLINE BANCORP, INC. AND SUBSIDIARIES
|
||||||||||||||||||||
Non-GAAP Financial Measures |
||||||||||||||||||||
This release contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in |
||||||||||||||||||||
|
|
As of or For the Three Months Ended |
|
As of or For the Year Ended |
||||||||||||||||
|
|
December 31, |
|
September 30, |
|
December 31, |
|
December 31, |
|
December 31, |
||||||||||
(dollars in thousands, except per share data) |
|
2024 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||||
Net income and earnings per share excluding significant items: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Reported Net Income |
|
$ |
30,320 |
|
|
$ |
30,328 |
|
|
$ |
29,604 |
|
|
$ |
120,759 |
|
|
$ |
107,878 |
|
Significant items: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Impairment charges on assets held for sale and ROU assets |
|
|
— |
|
|
|
— |
|
|
|
1,981 |
|
|
|
194 |
|
|
|
2,395 |
|
Merger-related expenses |
|
|
218 |
|
|
|
411 |
|
|
|
1,035 |
|
|
|
629 |
|
|
|
9,222 |
|
Tax benefit |
|
|
(1 |
) |
|
|
(32 |
) |
|
|
(793 |
) |
|
|
(85 |
) |
|
|
(2,696 |
) |
Adjusted Net Income |
|
$ |
30,537 |
|
|
$ |
30,707 |
|
|
$ |
31,827 |
|
|
$ |
121,497 |
|
|
$ |
116,799 |
|
Reported Diluted Earnings per Share |
|
$ |
0.69 |
|
|
$ |
0.69 |
|
|
$ |
0.68 |
|
|
$ |
2.75 |
|
|
$ |
2.67 |
|
Significant items: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Impairment charges on assets held for sale and ROU assets |
|
|
— |
|
|
|
— |
|
|
|
0.05 |
|
|
|
— |
|
|
|
0.06 |
|
Merger-related expenses |
|
|
— |
|
|
|
0.01 |
|
|
|
0.02 |
|
|
|
0.01 |
|
|
|
0.23 |
|
Tax benefit |
|
|
— |
|
|
|
— |
|
|
|
(0.02 |
) |
|
|
— |
|
|
|
(0.07 |
) |
Adjusted Diluted Earnings per Share |
|
$ |
0.69 |
|
|
$ |
0.70 |
|
|
$ |
0.73 |
|
|
$ |
2.76 |
|
|
$ |
2.89 |
|
BYLINE BANCORP, INC. AND SUBSIDIARIES
|
||||||||||||||||||||
|
|
As of or For the Three Months Ended |
|
As of or For the Year Ended |
||||||||||||||||
(dollars in thousands, except per share data, |
|
December 31, |
|
September 30, |
|
December 31, |
|
December 31, |
|
December 31, |
||||||||||
ratios annualized, where applicable) |
|
2024 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||||
Adjusted non-interest expense: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-interest expense |
|
$ |
57,431 |
|
|
$ |
54,327 |
|
|
$ |
53,584 |
|
|
$ |
218,777 |
|
|
$ |
209,603 |
|
Less: Impairment charges on assets held for sale and ROU assets |
|
|
— |
|
|
|
— |
|
|
|
1,981 |
|
|
|
194 |
|
|
|
2,395 |
|
Less: Merger-related expenses |
|
|
218 |
|
|
|
411 |
|
|
|
1,035 |
|
|
|
629 |
|
|
|
9,222 |
|
Adjusted non-interest expense |
|
$ |
57,213 |
|
|
$ |
53,916 |
|
|
$ |
50,568 |
|
|
$ |
217,954 |
|
|
$ |
197,986 |
|
Adjusted non-interest expense excluding amortization of intangible assets: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Adjusted non-interest expense |
|
$ |
57,213 |
|
|
$ |
53,916 |
|
|
$ |
50,568 |
|
|
$ |
217,954 |
|
|
$ |
197,986 |
|
Less: Amortization of intangible assets |
|
|
1,345 |
|
|
|
1,345 |
|
|
|
1,550 |
|
|
|
5,380 |
|
|
|
6,011 |
|
Adjusted non-interest expense excluding amortization of intangible assets |
|
$ |
55,868 |
|
|
$ |
52,571 |
|
|
$ |
49,018 |
|
|
$ |
212,574 |
|
|
$ |
191,975 |
|
Pre-tax pre-provision net income: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Pre-tax income |
|
$ |
40,364 |
|
|
$ |
40,038 |
|
|
$ |
39,969 |
|
|
$ |
161,079 |
|
|
$ |
145,680 |
|
Add: Provision for credit losses |
|
|
6,878 |
|
|
|
7,475 |
|
|
|
7,235 |
|
|
|
27,041 |
|
|
|
31,653 |
|
Pre-tax pre-provision net income |
|
$ |
47,242 |
|
|
$ |
47,513 |
|
|
$ |
47,204 |
|
|
$ |
188,120 |
|
|
$ |
177,333 |
|
Adjusted pre-tax pre-provision net income: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Pre-tax pre-provision net income |
|
$ |
47,242 |
|
|
$ |
47,513 |
|
|
$ |
47,204 |
|
|
$ |
188,120 |
|
|
$ |
177,333 |
|
Add: Impairment charges on assets held for sale and ROU assets |
|
|
— |
|
|
|
— |
|
|
|
1,981 |
|
|
|
194 |
|
|
|
2,395 |
|
Add: Merger-related expenses |
|
|
218 |
|
|
|
411 |
|
|
|
1,035 |
|
|
|
629 |
|
|
|
9,222 |
|
Adjusted pre-tax pre-provision net income |
|
$ |
47,460 |
|
|
$ |
47,924 |
|
|
$ |
50,220 |
|
|
$ |
188,943 |
|
|
$ |
188,950 |
|
Tax equivalent net interest income: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Net interest income |
|
$ |
88,524 |
|
|
$ |
87,455 |
|
|
$ |
86,285 |
|
|
$ |
348,046 |
|
|
$ |
330,621 |
|
Add: Tax-equivalent adjustment |
|
|
230 |
|
|
|
229 |
|
|
|
240 |
|
|
|
921 |
|
|
|
903 |
|
Net interest income, fully taxable equivalent |
|
$ |
88,754 |
|
|
$ |
87,684 |
|
|
$ |
86,525 |
|
|
$ |
348,967 |
|
|
$ |
331,524 |
|
Total revenue: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Net interest income |
|
$ |
88,524 |
|
|
$ |
87,455 |
|
|
$ |
86,285 |
|
|
$ |
348,046 |
|
|
$ |
330,621 |
|
Add: Non-interest income |
|
|
16,149 |
|
|
|
14,385 |
|
|
|
14,503 |
|
|
|
58,851 |
|
|
$ |
56,315 |
|
Total revenue |
|
$ |
104,673 |
|
|
$ |
101,840 |
|
|
$ |
100,788 |
|
|
$ |
406,897 |
|
|
$ |
386,936 |
|
Tangible common stockholders' equity: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Total stockholders' equity |
|
$ |
1,091,497 |
|
|
$ |
1,096,312 |
|
|
$ |
990,151 |
|
|
$ |
1,091,497 |
|
|
$ |
990,151 |
|
Less: Goodwill and other intangibles |
|
|
198,098 |
|
|
|
199,443 |
|
|
|
203,478 |
|
|
|
198,098 |
|
|
|
203,478 |
|
Tangible common stockholders' equity |
|
$ |
893,399 |
|
|
$ |
896,869 |
|
|
$ |
786,673 |
|
|
$ |
893,399 |
|
|
$ |
786,673 |
|
Tangible assets: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Total assets |
|
$ |
9,496,529 |
|
|
$ |
9,424,316 |
|
|
$ |
8,881,967 |
|
|
$ |
9,496,529 |
|
|
$ |
8,881,967 |
|
Less: Goodwill and other intangibles |
|
|
198,098 |
|
|
|
199,443 |
|
|
|
203,478 |
|
|
|
198,098 |
|
|
|
203,478 |
|
Tangible assets |
|
$ |
9,298,431 |
|
|
$ |
9,224,873 |
|
|
$ |
8,678,489 |
|
|
$ |
9,298,431 |
|
|
$ |
8,678,489 |
|
Average tangible common stockholders' equity: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Average total stockholders' equity |
|
$ |
1,094,025 |
|
|
$ |
1,059,628 |
|
|
$ |
935,197 |
|
|
$ |
1,040,515 |
|
|
$ |
863,092 |
|
Less: Average goodwill and other intangibles |
|
|
198,697 |
|
|
|
200,091 |
|
|
|
204,191 |
|
|
|
200,740 |
|
|
|
180,717 |
|
Average tangible common stockholders' equity |
|
$ |
895,328 |
|
|
$ |
859,537 |
|
|
$ |
731,006 |
|
|
$ |
839,775 |
|
|
$ |
682,375 |
|
Average tangible assets: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Average total assets |
|
$ |
9,201,635 |
|
|
$ |
9,373,849 |
|
|
$ |
8,787,636 |
|
|
$ |
9,187,342 |
|
|
$ |
8,048,331 |
|
Less: Average goodwill and other intangibles |
|
|
198,697 |
|
|
|
200,091 |
|
|
|
204,191 |
|
|
|
200,740 |
|
|
|
180,717 |
|
Average tangible assets |
|
$ |
9,002,938 |
|
|
$ |
9,173,758 |
|
|
$ |
8,583,445 |
|
|
$ |
8,986,602 |
|
|
$ |
7,867,614 |
|
Tangible net income available to common stockholders: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Net income available to common stockholders |
|
$ |
30,320 |
|
|
$ |
30,328 |
|
|
$ |
29,604 |
|
|
$ |
120,759 |
|
|
$ |
107,878 |
|
Add: After-tax intangible asset amortization |
|
|
1,015 |
|
|
|
986 |
|
|
|
1,138 |
|
|
|
3,974 |
|
|
|
4,408 |
|
Tangible net income available to common stockholders |
|
$ |
31,335 |
|
|
$ |
31,314 |
|
|
$ |
30,742 |
|
|
$ |
124,733 |
|
|
$ |
112,286 |
|
Adjusted tangible net income available to common stockholders: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Tangible net income available to common stockholders |
|
$ |
31,335 |
|
|
$ |
31,314 |
|
|
$ |
30,742 |
|
|
$ |
124,733 |
|
|
$ |
112,286 |
|
Add: Impairment charges on assets held for sale and ROU assets |
|
|
— |
|
|
|
— |
|
|
|
1,981 |
|
|
|
194 |
|
|
|
2,395 |
|
Add: Merger-related expenses |
|
|
218 |
|
|
|
411 |
|
|
|
1,035 |
|
|
|
629 |
|
|
|
9,222 |
|
Add: Tax benefit on significant items |
|
|
(1 |
) |
|
|
(32 |
) |
|
|
(793 |
) |
|
|
(85 |
) |
|
|
(2,696 |
) |
Adjusted tangible net income available to common stockholders |
|
$ |
31,552 |
|
|
$ |
31,693 |
|
|
$ |
32,965 |
|
|
$ |
125,471 |
|
|
$ |
121,207 |
|
BYLINE BANCORP, INC. AND SUBSIDIARIES
|
||||||||||||||||||||
|
|
As of or For the Three Months Ended |
|
As of or For the Year Ended |
||||||||||||||||
(dollars in thousands, except share and per share |
|
December 31, |
|
September 30, |
|
December 31, |
|
December 31, |
|
December 31, |
||||||||||
data, ratios annualized, where applicable) |
|
2024 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||||
Pre-tax pre-provision return on average assets: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Pre-tax pre-provision net income |
|
$ |
47,242 |
|
|
$ |
47,513 |
|
|
$ |
47,204 |
|
|
$ |
188,120 |
|
|
$ |
177,333 |
|
Average total assets |
|
|
9,201,635 |
|
|
|
9,373,849 |
|
|
|
8,787,636 |
|
|
|
9,187,342 |
|
|
|
8,048,331 |
|
Pre-tax pre-provision return on average assets |
|
|
2.04 |
% |
|
|
2.02 |
% |
|
|
2.13 |
% |
|
|
2.05 |
% |
|
|
2.20 |
% |
Adjusted pre-tax pre-provision return on average assets: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Adjusted pre-tax pre-provision net income |
|
$ |
47,460 |
|
|
$ |
47,924 |
|
|
$ |
50,220 |
|
|
$ |
188,943 |
|
|
$ |
188,950 |
|
Average total assets |
|
|
9,201,635 |
|
|
|
9,373,849 |
|
|
|
8,787,636 |
|
|
|
9,187,342 |
|
|
|
8,048,331 |
|
Adjusted pre-tax pre-provision return on average assets |
|
|
2.05 |
% |
|
|
2.03 |
% |
|
|
2.27 |
% |
|
|
2.06 |
% |
|
|
2.35 |
% |
Net interest margin, fully taxable equivalent: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Net interest income, fully taxable equivalent |
|
$ |
88,754 |
|
|
$ |
87,684 |
|
|
$ |
86,525 |
|
|
$ |
348,967 |
|
|
$ |
331,524 |
|
Total average interest-earning assets |
|
|
8,785,176 |
|
|
|
8,961,650 |
|
|
|
8,387,877 |
|
|
|
8,774,014 |
|
|
|
7,677,848 |
|
Net interest margin, fully taxable equivalent |
|
|
4.02 |
% |
|
|
3.89 |
% |
|
|
4.09 |
% |
|
|
3.98 |
% |
|
|
4.32 |
% |
Non-interest income to total revenues: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-interest income |
|
$ |
16,149 |
|
|
$ |
14,385 |
|
|
$ |
14,503 |
|
|
$ |
58,851 |
|
|
$ |
56,315 |
|
Total revenues |
|
|
104,673 |
|
|
|
101,840 |
|
|
|
100,788 |
|
|
|
406,897 |
|
|
|
386,936 |
|
Non-interest income to total revenues |
|
|
15.43 |
% |
|
|
14.13 |
% |
|
|
14.39 |
% |
|
|
14.46 |
% |
|
|
14.55 |
% |
Adjusted non-interest expense to average assets: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Adjusted non-interest expense |
|
$ |
57,213 |
|
|
$ |
53,916 |
|
|
$ |
50,568 |
|
|
$ |
217,954 |
|
|
$ |
197,986 |
|
Average total assets |
|
|
9,201,635 |
|
|
|
9,373,849 |
|
|
|
8,787,636 |
|
|
|
9,187,342 |
|
|
|
8,048,331 |
|
Adjusted non-interest expense to average assets |
|
|
2.47 |
% |
|
|
2.29 |
% |
|
|
2.28 |
% |
|
|
2.37 |
% |
|
|
2.46 |
% |
Adjusted efficiency ratio: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Adjusted non-interest expense excluding amortization of intangible assets |
|
$ |
55,868 |
|
|
$ |
52,571 |
|
|
$ |
49,018 |
|
|
$ |
212,574 |
|
|
$ |
191,975 |
|
Total revenues |
|
|
104,673 |
|
|
|
101,840 |
|
|
|
100,788 |
|
|
|
406,897 |
|
|
|
386,936 |
|
Adjusted efficiency ratio |
|
|
53.37 |
% |
|
|
51.62 |
% |
|
|
48.64 |
% |
|
|
52.24 |
% |
|
|
49.61 |
% |
Adjusted return on average assets: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Adjusted net income |
|
$ |
30,537 |
|
|
$ |
30,707 |
|
|
$ |
31,827 |
|
|
$ |
121,497 |
|
|
$ |
116,799 |
|
Average total assets |
|
|
9,201,635 |
|
|
|
9,373,849 |
|
|
|
8,787,636 |
|
|
|
9,187,342 |
|
|
|
8,048,331 |
|
Adjusted return on average assets |
|
|
1.32 |
% |
|
|
1.30 |
% |
|
|
1.44 |
% |
|
|
1.32 |
% |
|
|
1.45 |
% |
Adjusted return on average stockholders' equity: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Adjusted net income |
|
$ |
30,537 |
|
|
$ |
30,707 |
|
|
$ |
31,827 |
|
|
$ |
121,497 |
|
|
$ |
116,799 |
|
Average stockholders' equity |
|
|
1,094,025 |
|
|
|
1,059,628 |
|
|
|
935,197 |
|
|
|
1,040,515 |
|
|
|
863,092 |
|
Adjusted return on average stockholders' equity |
|
|
11.10 |
% |
|
|
11.53 |
% |
|
|
13.50 |
% |
|
|
11.68 |
% |
|
|
13.53 |
% |
Tangible common equity to tangible assets: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Tangible common equity |
|
$ |
893,399 |
|
|
$ |
896,869 |
|
|
$ |
786,673 |
|
|
$ |
893,399 |
|
|
$ |
786,673 |
|
Tangible assets |
|
|
9,298,431 |
|
|
|
9,224,873 |
|
|
|
8,678,489 |
|
|
|
9,298,431 |
|
|
|
8,678,489 |
|
Tangible common equity to tangible assets |
|
|
9.61 |
% |
|
|
9.72 |
% |
|
|
9.06 |
% |
|
|
9.61 |
% |
|
|
9.06 |
% |
Return on average tangible common stockholders' equity: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Tangible net income available to common stockholders |
|
$ |
31,335 |
|
|
$ |
31,314 |
|
|
$ |
30,742 |
|
|
$ |
124,733 |
|
|
$ |
112,286 |
|
Average tangible common stockholders' equity |
|
|
895,328 |
|
|
|
859,537 |
|
|
|
731,006 |
|
|
|
839,775 |
|
|
|
682,375 |
|
Return on average tangible common stockholders' equity |
|
|
13.92 |
% |
|
|
14.49 |
% |
|
|
16.68 |
% |
|
|
14.85 |
% |
|
|
16.46 |
% |
Adjusted return on average tangible common stockholders' equity: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Adjusted tangible net income available to common stockholders |
|
$ |
31,552 |
|
|
$ |
31,693 |
|
|
$ |
32,965 |
|
|
$ |
125,471 |
|
|
$ |
121,207 |
|
Average tangible common stockholders' equity |
|
|
895,328 |
|
|
|
859,537 |
|
|
|
731,006 |
|
|
|
839,775 |
|
|
|
682,375 |
|
Adjusted return on average tangible common stockholders' equity |
|
|
14.02 |
% |
|
|
14.67 |
% |
|
|
17.89 |
% |
|
|
14.94 |
% |
|
|
17.76 |
% |
Tangible book value per share: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Tangible common equity |
|
$ |
893,399 |
|
|
$ |
896,869 |
|
|
$ |
786,673 |
|
|
$ |
893,399 |
|
|
$ |
786,673 |
|
Common shares outstanding |
|
|
44,459,584 |
|
|
|
44,384,706 |
|
|
|
43,764,056 |
|
|
|
44,459,584 |
|
|
|
43,764,056 |
|
Tangible book value per share |
|
$ |
20.09 |
|
|
$ |
20.21 |
|
|
$ |
17.98 |
|
|
$ |
20.09 |
|
|
$ |
17.98 |
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20250123256299/en/
Investors / Media:
Brooks Rennie
Investor Relations Director
312-660-5805
brennie@bylinebank.com
Source: Byline Bancorp, Inc.
