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) will release its first quarter 2023 financial results on April 27, 2023, after market close. A conference call to discuss these results will take place on April 28, 2023, at 9:00 a.m. Central Time. Investors can participate via telephone or through a live webcast available on the company's Investor Relations website.
Byline Bancorp, headquartered in Chicago, operates Byline Bank, which has approximately $7.4 billion in assets and more than 30 branches in the Chicago and Milwaukee areas. The bank is notable for providing a variety of commercial and retail banking services, and is recognized as a leading lender for small businesses in the United States.
Byline Bancorp reported a fourth quarter 2022 net income of $24.4 million ($0.65 per diluted share), up from $20.4 million ($0.55 per diluted share) in Q3 2022 and $17.2 million ($0.45 per diluted share) in Q4 2021. Total loans and leases increased by $160 million, while total deposits rose by $82.7 million to $5.7 billion. The net interest margin improved to 4.39%, up 36 basis points from the prior quarter. Full year 2022 net income reached $88 million ($2.34 per diluted share). The company declared a $0.09 cash dividend per share on January 24, 2023:
- Cash dividend payable February 21, 2023.
Byline Bancorp, Inc. (NYSE: BY) announced that it will release its fourth quarter 2022 financial results after market close on January 26, 2023. A conference call and webcast will be held on January 27, 2023, at 9:00 a.m. Central Time to discuss these results.
The call will include a Q&A session for analysts and investors. The conference call can be accessed at 844-200-6205 with the passcode 608025. The webcast will be available on Byline Bancorp's Investor Relations website.
Byline Bancorp has approved a new stock repurchase program allowing the purchase of up to 1.25 million shares, representing 3.3% of its outstanding common stock. This program will commence on January 1, 2023, and continue until December 31, 2023. The company previously repurchased over 2.1 million shares under an expiring program. CEO Roberto R. Herencia emphasized the importance of this program for capital allocation and returning value to shareholders. The repurchases will be made based on market conditions, with no obligation to purchase any specific number of shares.
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