Byline Bancorp Stock Price, News & Analysis

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.

Byline Bancorp, Inc. (NYSE: BY) has announced a new stock repurchase program enabling the buyback of up to 1.25 million shares, constituting about 3.2% of its outstanding common stock. This program, effective January 1, 2021, aims to enhance shareholder value amidst economic uncertainties. Previously, 118,486 shares were purchased under the expired program. The decision to pause repurchases in Q1 2021 was influenced by the pandemic's impact. The timing, number, and price of future repurchases will be determined based on market conditions.

Byline Bancorp, Inc. (NYSE: BY) has declared a cash dividend of $0.03 per share for the upcoming quarter. This dividend will be payable on January 5, 2021, to all stockholders on record as of the close of business on December 22, 2020. The company, based in Chicago, operates Byline Bank, which manages approximately $6.5 billion in assets and has more than 50 branches across the Chicago and Milwaukee areas. Byline Bank provides various commercial and retail banking services and is a leading Small Business Administration lender in the U.S.

Byline Bancorp reported a net income of $13.1 million or $0.34 per diluted share for Q3 2020, up from $9.1 million in Q2 2020 but down from $15.3 million in Q3 2019. The company is consolidating 11 branches, expecting $4.3 million in annualized cost savings starting 2021. Active loan deferrals decreased significantly to $27.9 million, while the allowance for loan losses rose to $61.3 million. Non-interest income surged 74% to $22.3 million, driven by loan sales and servicing revenue.

Byline Bancorp, Inc. (NYSE: BY) will release its third quarter 2020 financial results after market close on October 22, 2020. A conference call and webcast is set for October 23, 2020, at 9:00 a.m. Central Time to discuss the results. Investors can access the call via phone at 877-512-8755 or through a live webcast available on the company's Investor Relations page. Byline Bancorp operates over 50 branches and has approximately $6.4 billion in assets, focusing on small- and medium-sized businesses and consumers.