Welcome to our dedicated page for Byline Bancorp news (Ticker: BY), a resource for investors and traders seeking the latest updates and insights on Byline Bancorp stock.
Byline Bancorp, Inc. (BY) delivers commercial banking solutions through its subsidiary Byline Bank, serving businesses and consumers in the Chicago region and beyond. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases, earnings reports, and regulatory filings in one centralized location. Track updates across key areas including commercial lending activity, equipment leasing programs, and digital banking innovations. Our curated feed ensures you never miss critical announcements about leadership changes, dividend declarations, or regulatory compliance matters.
This resource is particularly valuable for monitoring the company’s specialized services in SMB financing and commercial real estate lending. Bookmark this page for efficient tracking of Byline Bancorp’s operational milestones within the competitive regional banking sector.
Byline Bancorp, Inc. (NYSE: BY) has announced it will release its third quarter 2024 financial results after market close on Thursday, October 24, 2024. The company will host a conference call and webcast on Friday, October 25, 2024, at 9:00 a.m. Central Time to discuss these results. Analysts and investors can participate in the question-and-answer session.
Conference call details:
- Date: Friday, October 25, 2024
- Time: 9:00 a.m. Central Time
- Telephone Access: 833-470-1428; passcode: 097541
- Telephone Replay (available through November 8, 2024): 866-813-9403; passcode: 402924
A live webcast will be available on the News and Events page in the Investor Relations section of Byline Bancorp's website. An archived version will be accessible shortly after the call ends.
Byline Bancorp (NYSE: BY) and First Security Bancorp have announced a definitive merger agreement valued at approximately $41.0 million. The transaction will combine First Security Trust and Savings Bank with Byline Bancorp, strengthening Byline's position as Chicago's largest community bank with assets under $10 billion. Post-merger, Byline will have $7.3 billion in loans, $7.8 billion in deposits, and 45 branches across the Chicago metropolitan area.
The deal terms include 2.1794 Byline shares for each First Security Bancorp share, representing approximately $57.01 per First Security share based on Byline's closing price of $26.16 on September 27, 2024. The merger is expected to close in Q2 2025, subject to regulatory approvals and First Security Bancorp stockholder approval.
Byline Bank has been recognized as one of the 2024-2025 Best Companies to Work For In The Midwest by U.S. News & World Report. This prestigious accolade highlights Byline Bank's commitment to meeting employee needs and creating a positive work environment. The recognition is based on factors such as pay and benefits, work-life balance, job stability, comfort, belongingness, and career opportunities.
Dana Rose, Chief Human Resources Officer at Byline Bank, expressed pride in this achievement, crediting the company's outstanding employees. The U.S. News ratings, which now include 549 companies across various lists, aim to reflect evolving employee sentiments in choosing ideal workplaces. Companies were evaluated based on Glassdoor reviews and data from partners like Revelio Labs, Good Jobs First, and QUODD.
Byline Bancorp (NYSE: BY) reported strong Q2 2024 financial results, with net income of $29.7 million and diluted EPS of $0.68. Key highlights include:
- Net interest income increased 1.2% to $86.5 million
- Tax-equivalent net interest margin of 3.99%
- Non-interest expense decreased 1.1%
- Efficiency ratio of 52.19%
- Total loans and leases grew 6.1% annualized
- Total assets increased 9.5% annualized to $9.6 billion
- Non-performing assets decreased 24.0% to 0.67% of total assets
The company maintained a strong capital position and declared a cash dividend of $0.09 per share. Management expressed satisfaction with the overall performance and progress in becoming Chicago's preeminent commercial bank.
Byline Bancorp (NYSE: BY) will release its second quarter 2024 financial results after market close on July 25, 2024. The company will host a conference call and webcast on July 26, 2024, at 9:00 a.m. Central Time to discuss the results. Investors and analysts can participate in the Q&A session. The live webcast will be available on Byline Bancorp's Investor Relations webpage, and a replay will be accessible until August 9, 2024, using the provided phone number and passcode.
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