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. (NYSE: BY) is the Chicago-based parent of Byline Bank, a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers in the Chicago and Milwaukee metropolitan areas. The Byline Bancorp news page on Stock Titan aggregates company announcements, earnings updates, capital actions, and other material developments drawn from press releases and regulatory disclosures.
Investors following BY can use this page to review quarterly and annual financial results, including metrics such as net interest income, non-interest income, total revenue, loan and deposit growth, and capital ratios, as reported in the company’s earnings releases and related Form 8-K filings. These updates often include commentary from management on strategic execution, acquisitions, and the performance of its commercial banking franchise.
News coverage also reflects capital management decisions such as stock repurchase program authorizations, share repurchases executed in connection with secondary offerings, and the issuance or redemption of subordinated notes that qualify as Tier 2 capital. These items help market participants understand how Byline Bancorp manages its balance sheet and shareholder capital.
Because Byline Bancorp operates Byline Bank, one of the top U.S. SBA lenders by volume and a provider of small-ticket equipment leasing solutions, news may also highlight developments in SBA lending, equipment finance, and community banking initiatives. Additional items can include changes in external auditors, conference call and webcast details for earnings presentations, and sponsorship or community partnership announcements involving Byline Bank.
For users researching BY stock, this news feed offers a centralized view of the company’s publicly released information. Checking this page regularly can help track how Byline Bancorp’s commercial banking activities, financial performance, and corporate actions evolve over time.
Byline Bancorp, Inc. (NYSE: BY) will announce its fourth quarter 2021 financial results post-market on
Byline Bancorp, Inc. (NYSE: BY) announced plans to optimize its branch network by consolidating six of its 44 branches and disposing of a portfolio of owned real estate to adapt to customer behavior changes. This strategy aims to improve operating efficiencies and is projected to incur a total charge of approximately $15.0 million but generate annualized cost savings of about $5.3 million. Byline Bank will continue serving its markets through remaining branches and digital channels, with around 70% of the savings reinvested into talent and technology.
Byline Bancorp reported strong third quarter 2021 results, with net income of $25.3 million ($0.66 per diluted share), reflecting a decrease from $28.5 million ($0.73 per share) in the prior quarter. Adjusted net income was $26.4 million ($0.69 per share). A significant increase in originated loans and leases of $189.5 million contributed to overall production of $410.3 million. The net interest margin improved to 3.91%, and non-interest-bearing deposits constituted 41.1% of total deposits. A cash dividend of $0.09 per share was also declared.
Byline Bancorp, Inc. (NYSE: BY) will release its third quarter 2021 financial results after the market closes on October 28, 2021. A conference call to discuss these results will take place on October 29, 2021, at 9:00 a.m. Central Time. Interested analysts and investors can join the call by dialing 844-200-6205 with the passcode 611698. A replay will be available through November 12, 2021. The company operates over 40 branches and holds approximately $6.5 billion in assets, serving small to medium businesses in the Chicago and Milwaukee areas.
Byline Bancorp reported a net income of $28.5 million, or $0.73 per diluted share for Q2 2021, compared to $21.8 million or $0.56 per share in Q1 2021. Adjusted net income was $29.9 million or $0.77 per adjusted diluted share. The company announced a 200% increase in its quarterly cash dividend to $0.09 per share and an expanded stock repurchase program of 1,250,000 shares. Total loans increased at a 16.3% annualized growth rate excluding PPP loans. Total assets decreased to $6.5 billion as of June 30, 2021.
Byline Bancorp, Inc. (NYSE: BY) will release its second quarter 2021 financial results post-market on July 29, 2021. A conference call and webcast to discuss these results will occur on July 30, 2021, at 9:00 a.m. Central Time. Participants can join the call via telephone at 877-512-8755. A replay of the call will be available until August 13, 2021. Byline Bancorp, based in Chicago, operates Byline Bank, which has approximately $6.7 billion in assets and over 40 branches, focusing on small- and medium-sized businesses.
Byline Bancorp reported strong financial results for Q1 2021, with net income rising to $21.8 million ($0.56 per diluted share), a significant increase from $3.0 million in Q1 2020. Adjusted net income was $22.2 million ($0.57 per adjusted diluted share). The bank benefited from improved loan production and a reduced cost of deposits, achieving the highest return on equity since its IPO. A cash dividend of $0.06 per share was declared, payable on May 25, 2021. Total assets increased to $6.8 billion, supported by robust deposit growth and effective PPP loan management.
Byline Bancorp, Inc. (NYSE: BY) will release its Q1 2021 financial results after the market close on April 29, 2021. A conference call will follow on April 30, 2021, at 9:00 a.m. Central Time, where analysts and investors can ask questions. Byline Bancorp, headquartered in Chicago, operates Byline Bank, managing approximately $6.4 billion in assets across 40+ branches in the Chicago and Milwaukee areas. The bank focuses on commercial banking and is a leading lender for the Small Business Administration.
Byline Bancorp (NYSE: BY) reported fourth-quarter 2020 net income of $12.3 million ($0.31/share), a decrease from $13.1 million ($0.34/share) in Q3 2020. Adjusted net income rose to $15.2 million ($0.38/share) from $13.1 million. Loan and lease growth, excluding PPP loans, improved, while asset quality remained strong with a decline in non-performing assets. The company increased its dividend to $0.06/share and resumed its stock repurchase program. Total assets decreased to $6.4 billion, driven by lower securities and loans, while reserves were increased to 1.53% of total loans.
Byline Bancorp, Inc. (NYSE: BY) will release its fourth quarter 2020 financial results on January 28, 2021, after market close. A conference call to discuss these results is scheduled for January 29, 2021, at 9:00 a.m. CT. Analysts and investors can participate in the Q&A session. Byline Bancorp operates Byline Bank, a commercial bank based in Chicago, with approximately $6.5 billion in assets and over 40 branches, catering to small- and medium-sized businesses and consumers, while being a leading Small Business Administration lender.