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. reports developments tied to its role as the parent company of Byline Bank, a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Company news centers on quarterly earnings, net interest income, deposit costs, loan and lease trends, credit-loss provisioning, and fee revenue across its commercial and community banking activities.
Recurring updates also cover capital management actions such as dividends and stock repurchases, small-ticket equipment leasing, SBA lending, and Byline Bank's presence in the Chicago and Milwaukee metropolitan areas.
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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.