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  4. [8-K] BYLINE BANCORP, INC. Reports Material Event

Byline Bancorp Q3 earnings rise to $0.94 per share

A 16.7% dividend increase came alongside a 21.6% increase in non-performing assets from June 30, 2026.

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(High)
Filing Sentiment

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Form Type
8-K

Rhea-AI Filing Summary

Byline Bancorp, Inc. (BY) reported third-quarter 2026 net income of $41.8 million and diluted earnings per share of $0.94. Total revenue was $121.0 million, up 4.6% year over year; net interest income was $103.7 million, up 2.8% from the second quarter, and net interest margin rose five basis points to 4.33%. Non-performing assets reached $87.9 million, or 0.89% of total assets, up 21.6% from June 30, primarily due to more non-accrual loans and leases.

Deposits rose 2.1% from the prior quarter to $8.0 billion, while wholesale funding was reduced by $268.7 million. Byline repurchased 521,980 common shares for $20.4 million and declared a $0.14-per-share cash dividend, a 16.7% increase, payable November 17, 2026, to holders of record November 3, 2026. The company also announced a merger agreement with Illinois State Bancorp, Inc., parent of First Nations Bank and The Bank of Bourbonnais.

2 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

How the balance works

Positive

  • Moderate pointDiluted EPS increased 14.6% year over year in the third quarter.
  • Minor pointThe declared cash dividend increased 16.7% to $0.14 per share.

Negative

  • Moderate pointNon-performing assets rose 21.6% to $87.9 million from June 30, 2026.

Insights

Analyzing...

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Total revenue $121.0 million; up 4.6% year over year Third quarter 2026
Net income $41.8 million Third quarter 2026; $37.2 million in the third quarter of 2025
Diluted earnings per share $0.94; up 14.6% year over year Third quarter 2026
Net interest income $103.7 million; up 2.8% from the second quarter Third quarter 2026
Net interest margin 4.33%; up five basis points from the second quarter Third quarter 2026
Non-performing assets $87.9 million; 0.89% of total assets; up 21.6% from June 30, 2026 September 30, 2026
Cash dividend per common share $0.14 Declared October 6, 2026; payable November 17, 2026
Common shares repurchased 521,980 shares; $20.4 million Third quarter 2026
net interest margin financial
"Net interest margin for the third quarter of 2026 was 4.33%"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
pre-tax pre-provision net income financial
"Pre-tax pre-provision net income was $61.2 million"
A bank’s operating profit measured before income taxes and before setting aside reserves for loans that might not be repaid. It shows the lender’s core earning power from interest, fees and operating activity without the swings caused by tax items or extra money put aside for bad loans. Investors use it like a store’s sales-minus-running-costs figure to judge underlying performance and compare results across periods or peers.
allowance for credit losses financial
"The ACL was $113.0 million as of September 30, 2026"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
non-performing assets financial
"Non-performing assets were $87.9 million, or 0.89% of total assets"
Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.
Total revenue $121.0 million +4.6% year over year
Net income $41.8 million
Diluted earnings per share $0.94 +14.6% year over year
Net interest income $103.7 million +2.8% from the second quarter
Net interest margin 4.33% +5 basis points from the second quarter

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much was Byline Bancorp’s (BY) third-quarter 2026 dividend?
Byline declared a cash dividend of $0.14 per share, payable November 17, 2026, to stockholders of record November 3, 2026. The dividend was a 16.7% increase from $0.12 per share in the prior quarter.

How many shares did Byline Bancorp (BY) repurchase in Q3 2026?
Byline repurchased 521,980 common shares for $20.4 million during the quarter ended September 30, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0001702750false00017027502026-10-222026-10-22

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 22, 2026

BYLINE BANCORP, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction

of Incorporation)

 

 

 

001-38139

36-3012593

(Commission

File Number)

(I.R.S. Employer

Identification No.)

 

 

180 North LaSalle Street, Suite 300

 

Chicago, Illinois

60601

(Address of Principal Executive Offices)

(Zip Code)

(773) 244-7000

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

BY

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 2.02.

 

Results of Operations and Financial Condition.

 

 

On October 22, 2026, Byline Bancorp, Inc., (“Byline" or the "Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2026. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

 

On October 22, 2026, the Company made available on its website a slide presentation regarding the Company’s third quarter 2026 financial results, which will be used as part of a publicly accessible conference call on October 23, 2026. A copy of the slide presentation is attached as Exhibit 99.2 and is incorporated herein by reference.

The information included in Item 2.02 this Current Report on Form 8-K (including the information in the attached exhibits 99.1 and 99.2) is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

 

 

Item 9.01.

Financial Statements and Exhibits.

 

 

(d) Exhibits.

 

 

 

 

Exhibit

No.

 

Description

 

 

99.1

 

Third Quarter 2026 financial results press release, dated October 22, 2026

99.2

 

Slide Presentation regarding third quarter 2026 financial results

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ‘‘may’’, ‘‘might’’, ‘‘should’’, ‘‘could’’, ‘‘predict’’, ‘‘potential’’, ‘‘believe’’, ‘‘expect’’, ‘‘continue’’, ‘‘will’’, ‘‘anticipate’’, ‘‘seek’’, ‘‘estimate’’, ‘‘intend’’, ‘‘plan’’, ‘‘projection’’, ‘‘would’’, ‘‘annualized’’, “target” and ‘‘outlook’’, or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements involve estimates and known and unknown risks, and reflect various assumptions and involve elements of subjective judgment and analysis, which may or may not prove to be correct, and which are subject to uncertainties and contingencies outside the control of Byline and its respective affiliates, directors, employees and other representatives, which could cause actual results to differ materially from those presented in this communication.

 

No representations, warranties or guarantees are or will be made by Byline as to the reliability, accuracy or completeness of any forward-looking statements contained in this communication or that such forward-looking statements are or will remain based on reasonable assumptions. You should not place undue reliance on any forward-looking statements contained in this communication.

Certain risks and important factors that could affect Byline’s future results are identified in our Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission, including among other things under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025. Any forward-looking statement speaks only as of the date on which it is made, and Byline undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information or the occurrence of unanticipated events, or otherwise unless required under the federal securities laws.

2

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

BYLINE BANCORP, INC.

 

 

 

 

Date: October 22, 2026

 

By:

/s/ Roberto R. Herencia

 

 

Name:

Roberto R. Herencia

 

 

Title:

Executive Chairman and Chief Executive Officer

 

3

Exhibit 99.1

img195841198_0.jpg

Byline Bancorp, Inc. Reports Third Quarter 2026 Financial Results

Net income of $41.8 million, $0.94 diluted earnings per share

Chicago, IL, October 22, 2026 – Byline Bancorp, Inc. (NYSE: BY), today reported:

 

 

 

At or for the quarter

 

Third Quarter Highlights

(compared to 2Q26 unless specified)

 

 

3Q26

 

2Q26

 

3Q25

 Financial Results ($ in thousands)

 

 

 

 

 

 

 

 

 

• Delivered record total revenue of $121.0 million,

 

Net interest income (NII)

$

103,676

 

$

100,836

 

$

99,890

 

           up 2.8% and 4.6% Y/Y

 

Non-interest income

 

17,332

 

 

16,876

 

 

15,845

 

 

Total revenue(1)

 

121,008

 

 

117,712

 

 

115,735

 

• EPS of $0.94, up 4.4% and 14.6% Y/Y

 

Non-interest expense (NIE)

 

59,800

 

 

56,479

 

 

60,518

 

 

Pre-tax pre-provision net income (PTPP)(1)

 

61,208

 

 

61,233

 

 

55,217

 

• ROAA of 1.67%; ROTCE(1) of 14.78%

 

Provision for credit losses

 

6,748

 

 

7,162

 

 

5,298

 

 

 

Provision for income taxes

 

12,674

 

 

13,890

 

 

12,719

 

• PTPP ROAA of 2.45%(1), marking the 16th

 

Net income

$

41,786

 

$

40,181

 

$

37,200

 

consecutive quarter above 2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 Per Share

 

 

 

 

 

 

 

 

 

• TBVPS(1) of $24.14, down 1.4% and up 6.9% Y/Y

 

Diluted earnings per share (EPS)

$

0.94

 

$

0.90

 

$

0.82

 

 

Dividends declared per common share

 

0.14

 

 

0.12

 

 

0.10

 

Income Statement

 

Book value per common share

 

28.55

 

 

28.86

 

 

26.99

 

• Record NII of $103.7 million, up 2.8%

 

Tangible book value per common share (TBVPS)(1)

 

24.14

 

 

24.48

 

 

22.58

 

 

 

 

 

 

 

 

 

 

 

 

• NIM expanded five bps to 4.33%

 Balance Sheet & Credit Quality ($ in thousands)

 

 

 

 

 

 

 

 

 

 

 

Total deposits

$

8,039,110

 

$

7,870,762

 

$

7,828,197

 

• Non-interest income of $17.3 million, up 2.7%

 

Total loans and leases

 

7,490,395

 

 

7,563,929

 

 

7,461,321

 

 

 

Net charge-offs

 

5,846

 

 

4,446

 

 

7,107

 

• Effective tax rate of 23.3%, reflecting impact

 

Allowance for credit losses (ACL)

 

113,040

 

 

111,861

 

 

105,717

 

       of tax credits

 

ACL to total loans and leases held for investment

 

1.51%

 

 

1.48%

 

 

1.42%

 

 

 

 

 

 

 

 

 

 

 

 

 

• Efficiency ratio(1) of 48.40%

 Select Ratios (annualized where applicable)

 

 

 

 

 

 

 

 

 

 

 

Efficiency ratio(1)

 

48.40%

 

 

46.93%

 

 

51.00%

 

Balance Sheet

 

Return on average assets (ROAA)

 

1.67%

 

 

1.63%

 

 

1.52%

 

• Total deposit growth of $168.3 million, or 8.5%(2)

 

Return on average stockholders' equity

 

12.34%

 

 

12.05%

 

 

12.21%

 

 

 

Return on average tangible common equity (ROTCE)(1)

 

14.78%

 

 

14.47%

 

 

15.11%

 

• Reduced wholesale funding by $268.7 million

 

Net interest margin (NIM)

 

4.33%

 

 

4.28%

 

 

4.27%

 

 

 

Common equity to total assets

 

12.88%

 

 

13.13%

 

 

12.61%

 

• Lowered loan/deposit ratio to 93.22%

 

Tangible common equity to tangible assets(1)

 

11.12%

 

 

11.36%

 

 

10.78%

 

 

 

Common equity tier 1

 

13.29%

 

 

12.92%

 

 

12.15%

 

• Total payout ratio(3) of 63.2%

 

CEO/President Commentary

 

Roberto R. Herencia, Executive Chairman and CEO of Byline Bancorp, commented, "We delivered record earnings and returned more than $20 million of capital to stockholders through share repurchases and a 16.7% increase in our common dividend to $0.14 per share during the third quarter. We also continued to advance our strategic priorities with the recently announced acquisition of Illinois State Bancorp, Inc., parent of First Nations Bank and The Bank of Bourbonnais. The transaction expands our market presence, strengthens our core deposit base, and adds talented bankers and long-standing customer relationships."

Alberto J. Paracchini, President of Byline Bancorp, added, "The third quarter produced record net interest income of $103.7 million and expanded our net interest margin by five basis points to 4.33% in a quarter when funding costs rose across the industry. Pre-tax, pre-provision return on average assets was 2.45%. Deposits grew at an 8.5% annualized rate while our cost of deposits rose three basis points. We believe our strong capital position provides the flexibility to support growth, capitalize on market opportunities, and create long-term value as we pursue our vision of becoming the preeminent commercial bank in Chicago."

 

(1)
Represents non-GAAP financial measures. See “Reconciliation of non-GAAP Financial Measures” for a reconciliation to the most directly comparable GAAP financial measure.
(2)
Annualized.
(3)
Total payout ratio is inclusive of common dividends and common share repurchases divided by net income.

 

 

Byline Bancorp, Inc.

Page 2 of 13

Board Declares Cash Dividend of $0.14 per Share

On October 6, 2026, the Company's Board of Directors declared a cash dividend of $0.14 per share. The dividend will be paid on November 17, 2026, to stockholders of record of the Company's common stock as of November 3, 2026.

 

STATEMENTS OF OPERATIONS HIGHLIGHTS

Net Interest Income

Net interest income for the third quarter of 2026 was $103.7 million, an increase of $2.8 million, or 2.8%, from the second quarter of 2026. The increase in net interest income was primarily attributable to higher interest income from investment securities, lower interest expense on other borrowings resulting from reduced wholesale funding levels, and the additional day in the quarter, partially offset by higher interest expense on deposits.

Net interest margin for the third quarter of 2026 was 4.33%, an increase of five basis points compared to the second quarter of 2026. The increase was primarily attributable to higher yields on investment securities and lower Federal Home Loan Bank advances, partially offset by higher rates paid on deposits. Net loan accretion income contributed six basis points to the net interest margin for the quarter, compared to 11 basis points in the prior quarter.

The average cost of total deposits was 1.95% for the third quarter of 2026, an increase of three basis points compared to the second quarter of 2026, primarily due to higher rates paid on interest-bearing accounts.

Provision for Credit Losses

The provision for credit losses was $6.7 million for the third quarter of 2026, a decrease of $414,000, or 5.8%, compared to $7.2 million for the second quarter of 2026. The decrease was primarily attributable to improvements in collateral-related qualitative factors, reflecting favorable trends in certain industry indicators, as well as lower period-end loan and lease balances held for investment. These factors were partially offset by increased reserves associated with certain individually evaluated loans.

Non-interest Income

Non-interest income for the third quarter of 2026 was $17.3 million, an increase of $456,000, or 2.7%, compared to $16.9 million for the second quarter of 2026. The increase was primarily driven by higher bank-owned life insurance income, customer swap activity, and wealth management and trust income, partially offset by lower loan servicing asset revaluation and net gains on sales of loans, as well as less favorable equity securities fair value changes.

Net gains on sales of loans totaled $5.8 million for the quarter, a decrease of $293,000, or 4.8%, compared to the prior quarter. During the third quarter of 2026, we sold $70.8 million of U.S. government guaranteed loans compared to $78.1 million during the second quarter of 2026.

Non-interest Expense

Non-interest expense for the third quarter of 2026 was $59.8 million, an increase of $3.3 million, or 5.9%, compared to $56.5 million for the second quarter of 2026. The increase in non-interest expense was mainly due to a $3.4 million increase in salaries and employee benefits and higher other non-interest expense and legal, audit and other professional fees. These increases were partially offset by lower advertising and promotions expense and lower impairment charges on assets held for sale.

Our efficiency ratio was 48.40%(1) compared to 46.93%(1) for the second quarter of 2026, an increase of 147 basis points. The change in the efficiency ratio was mainly driven by higher non-interest expenses.

Income Taxes

We recorded income tax expense of $12.7 million during the third quarter of 2026, compared to $13.9 million during the second quarter of 2026. The effective tax rates were 23.3% and 25.7% for the third quarter of 2026 and second quarter of 2026, respectively. The decrease was primarily driven by the purchase of renewable energy tax credits during the third quarter.

 

 

(1) Represents non-GAAP financial measures. See “Reconciliation of non-GAAP Financial Measures” for a reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measure.

Byline Bancorp, Inc.

Page 3 of 13

STATEMENTS OF FINANCIAL CONDITION HIGHLIGHTS

Assets

Total assets were $9.9 billion as of September 30, 2026, a decrease of $33.7 million, or 0.3%, compared to June 30, 2026. The decrease was primarily driven by an $80.9 million decrease in loans and leases held for investment, reflecting loan payoffs and sales that exceeded portfolio growth during the quarter, partially offset by increases in cash and cash equivalents, securities available-for-sale and loans held for sale.

Allowance for Credit Losses

The ACL was $113.0 million as of September 30, 2026, an increase of $1.2 million, or 1.1%, from June 30, 2026. The increase was driven by provision for credit losses on individually assessed loans and net charge-offs on loans and leases. The ACL as a percentage of total loans and leases held for investment increased by three basis points to 1.51%, compared to 1.48% at June 30, 2026.

Net loan and lease charge-offs during the third quarter of 2026 were $5.8 million, or 0.31% of average loans and leases on an annualized basis, an increase of $1.4 million or seven basis points, compared to the second quarter of 2026.

Asset Quality

Non-performing assets were $87.9 million, or 0.89% of total assets, as of September 30, 2026, an increase of $15.6 million, or 21.6%, from June 30, 2026. The increase was primarily attributable to an increase in non-accrual loans and leases. The government guaranteed portion of non-performing loans included in non-performing assets was $9.7 million at September 30, 2026, compared to $8.1 million at June 30, 2026, an increase of $1.5 million, or 18.7%.

Deposits and Other Liabilities

Total deposits increased $168.3 million, up 2.1%, or 8.5% annualized, to $8.0 billion at September 30, 2026 from $7.9 billion as of June 30, 2026. The increase was primarily driven by growth in non-interest-bearing demand deposits, interest-bearing accounts and time deposits, partially offset by lower money market and savings account balances.

Total borrowings and other liabilities were $584.4 million at September 30, 2026, a decrease of $173.1 million, or 22.8%, from $757.5 million at June 30, 2026. The decrease for the quarter was primarily driven by lower Federal Home Loan Bank advances.

Stockholders’ Equity

Total stockholders’ equity was $1.3 billion at September 30, 2026, a decrease of $29.0 million, or 2.2%, from June 30, 2026. The decrease was primarily driven by an increase in accumulated other comprehensive loss related to available-for-sale securities, common share repurchases and dividends declared, partially offset by net income of $41.8 million.

During the quarter ended September 30, 2026, we repurchased 521,980 shares of our common stock.

(1) Represents non-GAAP financial measures. See “Reconciliation of non-GAAP Financial Measures” for a reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measure.

Byline Bancorp, Inc.

Page 4 of 13

Conference Call, Webcast and Slide Presentation

We will host a conference call and webcast at 9:00 a.m. Central Time on Friday, October 23, 2026, to discuss our quarterly financial results. Analysts and investors may participate in the question-and-answer session. The call can be accessed via telephone at (833) 461-5787; Meeting ID: 511 124 815

A slide presentation relating to our third quarter 2026 results will be accessible prior to the conference call. The slide presentation and webcast of the conference call can be accessed on our investor relations website at www.bylinebancorp.com.

About Byline Bancorp, Inc.

Headquartered in Chicago, Byline Bancorp, Inc. is the parent company of Byline Bank, a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $9.9 billion in assets and operates 44 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services including small ticket equipment leasing solutions and is one of the top Small Business Administration lenders in the United States.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ‘‘may’’, ‘‘might’’, ‘‘should’’, ‘‘could’’, ‘‘predict’’, ‘‘potential’’, ‘‘believe’’, ‘‘expect’’, ‘‘continue’’, ‘‘will’’, ‘‘anticipate’’, ‘‘seek’’, ‘‘estimate’’, ‘‘intend’’, ‘‘plan’’, ‘‘projection’’, ‘‘would’’, ‘‘annualized’’, “target” and ‘‘outlook’’, or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements involve estimates and known and unknown risks, and reflect various assumptions and involve elements of subjective judgment and analysis, which may or may not prove to be correct, and which are subject to uncertainties and contingencies outside the control of Byline and its affiliates, directors, employees and other representatives, which could cause actual results to differ materially from those presented in this communication.

No representations, warranties or guarantees are or will be made by Byline as to the reliability, accuracy or completeness of any forward-looking statements contained in this communication or that such forward-looking statements are or will remain based on reasonable assumptions. You should not place undue reliance on any forward-looking statements contained in this communication.

Certain risks and important factors that could affect Byline’s future results are identified in our Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission, including among other things under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025. Any forward-looking statement speaks only as of the date on which it is made, and Byline undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information or the occurrence of unanticipated events, or otherwise unless required under the federal securities laws.

Contact For Byline Bancorp, Inc.:

Investors / Media:

Brooks O. Rennie

Investor Relations Director

(312) 660-5805

brennie@bylinebank.com

 

 

 

Byline Bancorp, Inc.

Page 5 of 13

BYLINE BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

June 30,

 

 

September 30,

 

(dollars in thousands)

 

2026

 

 

2026

 

 

2025

 

ASSETS

 

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

54,221

 

 

$

77,159

 

 

$

70,406

 

Interest bearing deposits with other banks

 

 

164,454

 

 

 

116,400

 

 

 

190,774

 

Cash and cash equivalents

 

 

218,675

 

 

 

193,559

 

 

 

261,180

 

Equity and other securities, at fair value

 

 

1,897

 

 

 

7,476

 

 

 

10,461

 

Securities available-for-sale, at fair value

 

 

1,640,029

 

 

 

1,616,748

 

 

 

1,512,194

 

Restricted stock, at cost

 

 

10,269

 

 

 

18,777

 

 

 

15,934

 

Loans held for sale

 

 

28,878

 

 

 

21,518

 

 

 

20,566

 

Loans and leases:

 

 

 

 

 

 

 

 

 

Loans and leases

 

 

7,461,517

 

 

 

7,542,411

 

 

 

7,440,755

 

Allowance for credit losses - loans and leases

 

 

(113,040

)

 

 

(111,861

)

 

 

(105,717

)

Net loans and leases

 

 

7,348,477

 

 

 

7,430,550

 

 

 

7,335,038

 

Servicing assets, at fair value

 

 

19,242

 

 

 

19,291

 

 

 

19,019

 

Premises and equipment, net

 

 

55,735

 

 

 

55,981

 

 

 

58,785

 

Other real estate owned, net

 

 

2,781

 

 

 

3,153

 

 

 

4,220

 

Goodwill and other intangible assets, net

 

 

196,815

 

 

 

198,050

 

 

 

202,014

 

Bank-owned life insurance

 

 

108,940

 

 

 

109,414

 

 

 

106,575

 

Deferred tax assets, net

 

 

57,124

 

 

 

40,624

 

 

 

49,918

 

Accrued interest receivable and other assets

 

 

209,918

 

 

 

217,324

 

 

 

216,471

 

Total assets

 

$

9,898,780

 

 

$

9,932,465

 

 

$

9,812,375

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

Non-interest-bearing demand deposits

 

$

1,872,965

 

 

$

1,826,739

 

 

$

1,932,869

 

Interest-bearing deposits

 

 

6,166,145

 

 

 

6,044,023

 

 

 

5,895,328

 

Total deposits

 

 

8,039,110

 

 

 

7,870,762

 

 

 

7,828,197

 

Other borrowings

 

 

272,629

 

 

 

460,449

 

 

 

361,286

 

Subordinated notes, net

 

 

73,995

 

 

 

73,967

 

 

 

148,971

 

Junior subordinated debentures issued to capital trusts, net

 

 

72,016

 

 

 

71,814

 

 

 

71,272

 

Accrued expenses and other liabilities

 

 

165,788

 

 

 

151,258

 

 

 

164,967

 

Total liabilities

 

 

8,623,538

 

 

 

8,628,250

 

 

 

8,574,693

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

Common stock

 

 

471

 

 

 

471

 

 

 

471

 

Additional paid-in capital

 

 

758,540

 

 

 

756,361

 

 

 

758,089

 

Retained earnings

 

 

748,048

 

 

 

712,588

 

 

 

615,784

 

Treasury stock

 

 

(98,874

)

 

 

(78,627

)

 

 

(56,959

)

Accumulated other comprehensive loss, net of tax

 

 

(132,943

)

 

 

(86,578

)

 

 

(79,703

)

Total stockholders’ equity

 

 

1,275,242

 

 

 

1,304,215

 

 

 

1,237,682

 

Total liabilities and stockholders’ equity

 

$

9,898,780

 

 

$

9,932,465

 

 

$

9,812,375

 

 

 

Byline Bancorp, Inc.

Page 6 of 13

BYLINE BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

 

 

Three Months Ended

 

(dollars in thousands,

 

September 30,

 

 

June 30,

 

 

September 30,

 

   except per share data)

 

2026

 

 

2026

 

 

2025

 

INTEREST AND DIVIDEND INCOME

 

 

 

 

 

 

 

 

 

Interest and fees on loans and leases

 

$

128,969

 

 

$

127,524

 

 

$

132,401

 

Interest on securities

 

 

15,042

 

 

 

14,426

 

 

 

13,289

 

Other interest and dividend income

 

 

3,581

 

 

 

2,356

 

 

 

2,936

 

Total interest and dividend income

 

 

147,592

 

 

 

144,306

 

 

 

148,626

 

INTEREST EXPENSE

 

 

 

 

 

 

 

 

 

Deposits

 

 

39,284

 

 

 

37,338

 

 

 

42,857

 

Other borrowings

 

 

1,750

 

 

 

3,273

 

 

 

1,502

 

Subordinated notes and debentures

 

 

2,882

 

 

 

2,859

 

 

 

4,377

 

Total interest expense

 

 

43,916

 

 

 

43,470

 

 

 

48,736

 

Net interest income

 

 

103,676

 

 

 

100,836

 

 

 

99,890

 

PROVISION FOR CREDIT LOSSES

 

 

6,748

 

 

 

7,162

 

 

 

5,298

 

Net interest income after provision for credit losses

 

 

96,928

 

 

 

93,674

 

 

 

94,592

 

NON-INTEREST INCOME

 

 

 

 

 

 

 

 

 

Fees and service charges on deposits

 

 

2,925

 

 

 

2,853

 

 

 

2,741

 

Loan servicing revenue

 

 

3,062

 

 

 

3,047

 

 

 

3,062

 

Loan servicing asset revaluation

 

 

(1,791

)

 

 

(1,126

)

 

 

(1,294

)

ATM and interchange fees

 

 

1,289

 

 

 

1,377

 

 

 

1,015

 

Net gains (losses) on sales of securities available-for-sale

 

 

—

 

 

 

21

 

 

 

—

 

Change in fair value of equity securities, net

 

 

218

 

 

 

814

 

 

 

(298

)

Net gains on sales of loans

 

 

5,802

 

 

 

6,095

 

 

 

6,981

 

Wealth management and trust income

 

 

1,394

 

 

 

1,270

 

 

 

1,366

 

Other non-interest income

 

 

4,433

 

 

 

2,525

 

 

 

2,272

 

Total non-interest income

 

 

17,332

 

 

 

16,876

 

 

 

15,845

 

NON-INTEREST EXPENSE

 

 

 

 

 

 

 

 

 

Salaries and employee benefits

 

 

39,069

 

 

 

35,656

 

 

 

37,492

 

Occupancy and equipment expense, net

 

 

3,872

 

 

 

4,065

 

 

 

4,531

 

Impairment charge on assets held for sale

 

 

—

 

 

 

496

 

 

 

—

 

Loan and lease related expenses

 

 

832

 

 

 

752

 

 

 

1,274

 

Legal, audit, and other professional fees

 

 

3,578

 

 

 

3,231

 

 

 

3,876

 

Data processing

 

 

4,773

 

 

 

4,866

 

 

 

4,903

 

Net loss (gain) recognized on other real estate owned
   and other related expenses

 

 

93

 

 

 

137

 

 

 

617

 

Other intangible assets amortization expense

 

 

1,235

 

 

 

1,235

 

 

 

1,494

 

Other non-interest expense

 

 

6,348

 

 

 

6,041

 

 

 

6,331

 

Total non-interest expense

 

 

59,800

 

 

 

56,479

 

 

 

60,518

 

INCOME BEFORE PROVISION FOR INCOME TAXES

 

 

54,460

 

 

 

54,071

 

 

 

49,919

 

PROVISION FOR INCOME TAXES

 

 

12,674

 

 

 

13,890

 

 

 

12,719

 

NET INCOME

 

$

41,786

 

 

$

40,181

 

 

$

37,200

 

EARNINGS PER COMMON SHARE

 

 

 

 

 

 

 

 

 

Basic

 

$

0.94

 

 

$

0.90

 

 

$

0.82

 

Diluted

 

$

0.94

 

 

$

0.90

 

 

$

0.82

 

 

 

Byline Bancorp, Inc.

Page 7 of 13

BYLINE BANCORP, INC. AND SUBSIDIARIES

SELECTED FINANCIAL DATA (unaudited)

 

As of or For the Three Months Ended

 

(dollars in thousands, except share

September 30,

 

 

June 30,

 

 

September 30,

 

   and per share data)

2026

 

 

2026

 

 

2025

 

Earnings per Common Share

 

 

 

 

 

 

 

 

Basic earnings per common share

$

0.94

 

 

$

0.90

 

 

$

0.82

 

Diluted earnings per common share

$

0.94

 

 

$

0.90

 

 

$

0.82

 

Adjusted diluted earnings per common share(1)(3)

$

0.94

 

 

$

0.91

 

 

$

0.83

 

Weighted average common shares outstanding (basic)

 

44,265,063

 

 

 

44,596,967

 

 

 

45,102,828

 

Weighted average common shares outstanding (diluted)

 

44,541,961

 

 

 

44,789,192

 

 

 

45,372,602

 

Common shares outstanding

 

44,674,518

 

 

 

45,191,493

 

 

 

45,859,977

 

Cash dividends per common share

$

0.14

 

 

$

0.12

 

 

$

0.10

 

Dividend payout ratio on common stock

 

14.89

%

 

 

13.33

%

 

 

12.20

%

Book value per common share

$

28.55

 

 

$

28.86

 

 

$

26.99

 

Tangible book value per common share(1)

$

24.14

 

 

$

24.48

 

 

$

22.58

 

Key Ratios and Performance Metrics
  (annualized where applicable)

 

 

 

 

 

 

 

 

Net interest margin

 

4.33

%

 

 

4.28

%

 

 

4.27

%

Net interest margin, fully taxable equivalent (1)(4)

 

4.33

%

 

 

4.29

%

 

 

4.28

%

Average cost of deposits

 

1.95

%

 

 

1.92

%

 

 

2.16

%

Efficiency ratio(1)(2)

 

48.40

%

 

 

46.93

%

 

 

51.00

%

Adjusted efficiency ratio(1)(2)(3)

 

48.40

%

 

 

46.51

%

 

 

50.27

%

Non-interest income to total revenues(1)

 

14.32

%

 

 

14.34

%

 

 

13.69

%

Non-interest expense to average assets

 

2.39

%

 

 

2.29

%

 

 

2.47

%

Adjusted non-interest expense to average assets(1)(3)

 

2.39

%

 

 

2.27

%

 

 

2.44

%

Return on average stockholders' equity

 

12.34

%

 

 

12.05

%

 

 

12.21

%

Adjusted return on average stockholders' equity(1)(3)

 

12.34

%

 

 

12.16

%

 

 

12.42

%

Return on average assets

 

1.67

%

 

 

1.63

%

 

 

1.52

%

Adjusted return on average assets(1)(3)

 

1.67

%

 

 

1.65

%

 

 

1.54

%

Pre-tax pre-provision return on average assets(1)

 

2.45

%

 

 

2.49

%

 

 

2.25

%

Adjusted pre-tax pre-provision return on average assets(1)(3)

 

2.45

%

 

 

2.51

%

 

 

2.29

%

Return on average tangible common stockholders' equity(1)

 

14.78

%

 

 

14.47

%

 

 

15.11

%

Adjusted return on average tangible common
  stockholders' equity(1)(3)

 

14.78

%

 

 

14.60

%

 

 

15.36

%

Non-interest-bearing deposits to total deposits

 

23.30

%

 

 

23.21

%

 

 

24.69

%

Loans and leases held for sale and loans and leases
  held for investment to total deposits

 

93.17

%

 

 

96.10

%

 

 

95.31

%

Deposits to total liabilities

 

93.22

%

 

 

91.22

%

 

 

91.29

%

Deposits per branch

$

182,707

 

 

$

178,881

 

 

$

173,960

 

Asset Quality Ratios

 

 

 

 

 

 

 

 

Non-performing loans and leases to total loans and leases
  held for investment, net before ACL

 

1.14

%

 

 

0.92

%

 

 

0.85

%

Total non-performing assets as a percentage
   of total assets

 

0.89

%

 

 

0.73

%

 

 

0.69

%

ACL to total loans and leases held for investment, net before ACL

 

1.51

%

 

 

1.48

%

 

 

1.42

%

Net charge-offs to average total loans and leases held for
  investment, net before ACL - loans and leases

 

0.31

%

 

 

0.24

%

 

 

0.38

%

Capital Ratios

 

 

 

 

 

 

 

 

Common equity to total assets

 

12.88

%

 

 

13.13

%

 

 

12.61

%

Tangible common equity to tangible assets(1)

 

11.12

%

 

 

11.36

%

 

 

10.78

%

Leverage ratio

 

12.90

%

 

 

12.79

%

 

 

12.20

%

Common equity tier 1 capital ratio

 

13.29

%

 

 

12.92

%

 

 

12.15

%

Tier 1 capital ratio

 

14.27

%

 

 

13.88

%

 

 

13.12

%

Total capital ratio

 

16.37

%

 

 

15.96

%

 

 

15.81

%

(1) Represents a non-GAAP financial measure. See “Reconciliation of non-GAAP Financial Measures” for a reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measure.

(2) Represents non-interest expense less amortization of intangible assets divided by net interest income and non-interest income.

(3) Calculation excludes secondary public offering of common stock expense and impairment charges on assets held for sale.

(4) Interest income and rates include the effects of a tax equivalent adjustment to adjust tax exempt investment income on tax exempt investment securities to a fully taxable basis, assuming a federal income tax rate of 21%.

 

 

 

Byline Bancorp, Inc.

Page 8 of 13

BYLINE BANCORP, INC. AND SUBSIDIARIES

QUARTER-TO-DATE STATEMENT OF AVERAGE INTEREST-EARNING ASSETS AND AVERAGE INTEREST-BEARING LIABILITIES (unaudited)

 

For the Three Months Ended

 

 

September 30, 2026

 

 

June 30, 2026

 

 

September 30, 2025

 

(dollars in thousands)

Average
Balance(5)

 

 

Interest
Inc / Exp

 

 

Avg.
Yield /
Rate

 

 

Average
Balance(5)

 

 

Interest
Inc / Exp

 

 

Avg.
Yield /
Rate

 

 

Average
Balance(5)

 

 

Interest
Inc / Exp

 

 

Avg.
Yield /
Rate

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

211,540

 

 

$

1,756

 

 

 

3.29

%

 

$

145,381

 

 

$

1,132

 

 

 

3.12

%

 

$

193,683

 

 

$

1,878

 

 

 

3.84

%

Loans and leases(1)

 

7,449,374

 

 

 

128,969

 

 

 

6.87

%

 

 

7,472,818

 

 

 

127,524

 

 

 

6.84

%

 

 

7,355,958

 

 

 

132,401

 

 

 

7.14

%

Taxable securities

 

1,729,277

 

 

 

16,236

 

 

 

3.72

%

 

 

1,707,484

 

 

 

14,978

 

 

 

3.52

%

 

 

1,585,013

 

 

 

13,491

 

 

 

3.38

%

Tax-exempt securities(2)

 

118,992

 

 

 

798

 

 

 

2.66

%

 

 

131,354

 

 

 

850

 

 

 

2.60

%

 

 

153,424

 

 

 

1,084

 

 

 

2.80

%

Total interest-earning assets

$

9,509,183

 

 

$

147,759

 

 

 

6.16

%

 

$

9,457,037

 

 

$

144,484

 

 

 

6.13

%

 

$

9,288,078

 

 

$

148,854

 

 

 

6.36

%

Allowance for credit losses -
  loans and leases

 

(114,389

)

 

 

 

 

 

 

 

 

(111,021

)

 

 

 

 

 

 

 

 

(109,877

)

 

 

 

 

 

 

All other assets

 

528,742

 

 

 

 

 

 

 

 

 

536,969

 

 

 

 

 

 

 

 

 

538,719

 

 

 

 

 

 

 

TOTAL ASSETS

$

9,923,536

 

 

 

 

 

 

 

 

$

9,882,985

 

 

 

 

 

 

 

 

$

9,716,920

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’
   EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest checking

$

1,299,949

 

 

$

7,470

 

 

 

2.28

%

 

$

1,050,011

 

 

$

5,048

 

 

 

1.93

%

 

$

834,763

 

 

$

3,682

 

 

 

1.75

%

Money market accounts

 

2,709,522

 

 

 

17,480

 

 

 

2.56

%

 

 

2,854,519

 

 

 

18,585

 

 

 

2.61

%

 

 

2,986,541

 

 

 

23,468

 

 

 

3.12

%

Savings

 

483,203

 

 

 

130

 

 

 

0.11

%

 

 

490,500

 

 

 

130

 

 

 

0.11

%

 

 

495,506

 

 

 

136

 

 

 

0.11

%

Time deposits

 

1,650,495

 

 

 

14,204

 

 

 

3.41

%

 

 

1,624,667

 

 

 

13,575

 

 

 

3.35

%

 

 

1,654,056

 

 

 

15,571

 

 

 

3.73

%

Total interest-bearing
  deposits

 

6,143,169

 

 

 

39,284

 

 

 

2.54

%

 

 

6,019,697

 

 

 

37,338

 

 

 

2.49

%

 

 

5,970,866

 

 

 

42,857

 

 

 

2.85

%

Other borrowings

 

283,922

 

 

 

1,750

 

 

 

2.45

%

 

 

442,187

 

 

 

3,273

 

 

 

2.97

%

 

 

307,457

 

 

 

1,502

 

 

 

1.94

%

Subordinated notes and
  debentures

 

145,898

 

 

 

2,882

 

 

 

7.84

%

 

 

145,672

 

 

 

2,859

 

 

 

7.87

%

 

 

190,074

 

 

 

4,377

 

 

 

9.14

%

Total borrowings

 

429,820

 

 

 

4,632

 

 

 

4.28

%

 

 

587,859

 

 

 

6,132

 

 

 

4.18

%

 

 

497,531

 

 

 

5,879

 

 

 

4.69

%

Total interest-bearing liabilities

$

6,572,989

 

 

$

43,916

 

 

 

2.65

%

 

$

6,607,556

 

 

$

43,470

 

 

 

2.64

%

 

$

6,468,397

 

 

$

48,736

 

 

 

2.99

%

Non-interest-bearing
  demand deposits

 

1,856,218

 

 

 

 

 

 

 

 

 

1,792,439

 

 

 

 

 

 

 

 

 

1,888,693

 

 

 

 

 

 

 

Other liabilities

 

150,967

 

 

 

 

 

 

 

 

 

145,406

 

 

 

 

 

 

 

 

 

151,540

 

 

 

 

 

 

 

Total stockholders’ equity

 

1,343,362

 

 

 

 

 

 

 

 

 

1,337,584

 

 

 

 

 

 

 

 

 

1,208,290

 

 

 

 

 

 

 

TOTAL LIABILITIES AND
   STOCKHOLDERS’ EQUITY

$

9,923,536

 

 

 

 

 

 

 

 

$

9,882,985

 

 

 

 

 

 

 

 

$

9,716,920

 

 

 

 

 

 

 

Net interest spread(3)

 

 

 

 

 

 

 

3.51

%

 

 

 

 

 

 

 

 

3.49

%

 

 

 

 

 

 

 

 

3.37

%

Net interest income, fully
  taxable equivalent

 

 

 

$

103,843

 

 

 

 

 

 

 

 

$

101,014

 

 

 

 

 

 

 

 

$

100,118

 

 

 

 

Net interest margin, fully
  taxable equivalent(2)(4)(6)

 

 

 

 

 

 

 

4.33

%

 

 

 

 

 

 

 

 

4.29

%

 

 

 

 

 

 

 

 

4.28

%

Less: Tax-equivalent adjustment

 

 

 

 

167

 

 

 

0.00

%

 

 

 

 

 

178

 

 

 

0.01

%

 

 

 

 

 

228

 

 

 

0.01

%

Net interest income

 

 

 

$

103,676

 

 

 

 

 

 

 

 

$

100,836

 

 

 

 

 

 

 

 

$

99,890

 

 

 

 

Net interest margin(4)

 

 

 

 

 

 

 

4.33

%

 

 

 

 

 

 

 

 

4.28

%

 

 

 

 

 

 

 

 

4.27

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loan accretion impact
  on margin

 

 

 

$

1,534

 

 

 

0.06

%

 

 

 

 

$

2,476

 

 

 

0.11

%

 

 

 

 

$

2,528

 

 

 

0.11

%

(1) Loan and lease balances are net of deferred origination fees and costs and initial direct costs. Non-accrual loans and leases are included in total loan and lease balances.

(2) Interest income and rates include the effects of a tax equivalent adjustment to adjust tax exempt investment income on tax exempt investment securities to a fully taxable basis, assuming a federal income tax rate of 21%.

(3) Represents the average rate earned on interest-earning assets minus the average rate paid on interest-bearing liabilities.

(4) Represents net interest income (annualized) divided by total average earning assets.

(5) Average balances are average daily balances.

 

Byline Bancorp, Inc.

Page 9 of 13

BYLINE BANCORP, INC. AND SUBSIDIARIES

SELECTED BALANCE SHEET TABLES AND FINANCIAL RATIOS (unaudited)

 

The following table presents our allocation of originated, purchased credit deteriorated (PCD), and acquired non-credit-deteriorated loans and leases at the dates indicated:

 

 

 

September 30, 2026

 

 

June 30, 2026

 

 

September 30, 2025

 

(dollars in thousands)

 

Amount

 

 

% of Total

 

 

Amount

 

 

% of Total

 

 

Amount

 

 

% of Total

 

Originated loans and leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

$

2,390,641

 

 

 

32.0

%

 

$

2,303,785

 

 

 

30.5

%

 

$

2,234,986

 

 

 

30.0

%

Residential real estate

 

 

638,538

 

 

 

8.6

%

 

 

575,062

 

 

 

7.6

%

 

 

552,984

 

 

 

7.4

%

Construction, land development, and
   other land

 

 

237,851

 

 

 

3.2

%

 

 

344,578

 

 

 

4.6

%

 

 

412,032

 

 

 

5.6

%

Commercial and industrial

 

 

3,070,144

 

 

 

41.1

%

 

 

3,120,209

 

 

 

41.3

%

 

 

2,804,434

 

 

 

37.7

%

Installment and other

 

 

4,324

 

 

 

0.1

%

 

 

4,817

 

 

 

0.1

%

 

 

2,431

 

 

 

0.0

%

Leasing financing receivables

 

 

695,456

 

 

 

9.3

%

 

 

721,090

 

 

 

9.6

%

 

 

750,531

 

 

 

10.1

%

Total originated loans and leases

 

$

7,036,954

 

 

 

94.3

%

 

$

7,069,541

 

 

 

93.7

%

 

$

6,757,398

 

 

 

90.8

%

Purchased credit deteriorated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

$

50,926

 

 

 

0.7

%

 

$

59,161

 

 

 

0.8

%

 

$

71,359

 

 

 

1.0

%

Residential real estate

 

 

15,549

 

 

 

0.2

%

 

 

18,941

 

 

 

0.2

%

 

 

24,061

 

 

 

0.3

%

Construction, land development, and
   other land

 

 

2,689

 

 

 

0.0

%

 

 

2,674

 

 

 

0.0

%

 

 

2,513

 

 

 

0.0

%

Commercial and industrial

 

 

5,332

 

 

 

0.1

%

 

 

5,633

 

 

 

0.1

%

 

 

19,193

 

 

 

0.3

%

Installment and other

 

 

64

 

 

 

0.0

%

 

 

66

 

 

 

0.0

%

 

 

81

 

 

 

0.0

%

Total purchased credit deteriorated loans

 

$

74,560

 

 

 

1.0

%

 

$

86,475

 

 

 

1.1

%

 

$

117,207

 

 

 

1.6

%

Acquired non-credit-deteriorated loans
  and leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

$

136,720

 

 

 

1.9

%

 

$

152,230

 

 

 

2.0

%

 

$

215,801

 

 

 

2.9

%

Residential real estate

 

 

143,173

 

 

 

1.9

%

 

 

148,709

 

 

 

2.0

%

 

 

178,896

 

 

 

2.4

%

Construction, land development, and
   other land

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

50,493

 

 

 

0.7

%

Commercial and industrial

 

 

67,086

 

 

 

0.9

%

 

 

80,537

 

 

 

1.1

%

 

 

106,827

 

 

 

1.4

%

Installment and other

 

 

3,024

 

 

 

0.0

%

 

 

4,919

 

 

 

0.1

%

 

 

14,133

 

 

 

0.2

%

Total acquired non-credit-deteriorated
   loans and leases

 

$

350,003

 

 

 

4.7

%

 

$

386,395

 

 

 

5.2

%

 

$

566,150

 

 

 

7.6

%

Total loans and leases

 

$

7,461,517

 

 

 

100.0

%

 

$

7,542,411

 

 

 

100.0

%

 

$

7,440,755

 

 

 

100.0

%

Allowance for credit losses - loans and leases

 

 

(113,040

)

 

 

 

 

 

(111,861

)

 

 

 

 

 

(105,717

)

 

 

 

Total loans and leases, net of allowance for
   credit losses - loans and leases

 

$

7,348,477

 

 

 

 

 

$

7,430,550

 

 

 

 

 

$

7,335,038

 

 

 

 

 

The following table presents the balance and activity within the allowance for credit losses - loans and leases for the periods indicated:

 

 

 

Three Months Ended

 

 

 

September 30,

 

 

June 30,

 

 

September 30,

 

(dollars in thousands)

 

2026

 

 

2026

 

 

2025

 

ACL - loans and leases, beginning of period

 

$

111,861

 

 

$

108,879

 

 

$

107,727

 

Provision for credit losses - loans and leases

 

 

7,025

 

 

 

7,428

 

 

 

5,097

 

Net charge-offs - loans and leases

 

 

(5,846

)

 

 

(4,446

)

 

 

(7,107

)

ACL - loans and leases, end of period

 

$

113,040

 

 

$

111,861

 

 

$

105,717

 

Net charge-offs - loans and leases
  to average total loans and leases
  held for investment, net before ACL (annualized)

 

 

0.31

%

 

 

0.24

%

 

 

0.38

%

Provision for credit losses - loans and leases
  to net charge-offs - loans and leases
  during the period

 

 

1.20

x

 

 

1.67

x

 

 

0.72

x

 

 

Byline Bancorp, Inc.

Page 10 of 13

BYLINE BANCORP, INC. AND SUBSIDIARIES

SELECTED BALANCE SHEET TABLES AND FINANCIAL RATIOS (unaudited)

 

The following table presents the amounts of non-performing loans and leases, other real estate owned, and past due loans and leases 90 days or more and still accruing interest, at the date indicated:

 

 

 

 

 

 

 

 

 

 

 

September 30, 2026

 

 

 

 

 

 

 

 

 

 

 

Change from

 

(dollars in thousands)

 

September 30, 2026

 

 

June 30, 2026

 

 

September 30, 2025

 

June 30, 2026

 

 

September 30, 2025

 

Non-performing assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-performing loans and leases

 

$

85,077

 

 

$

69,087

 

 

$

63,158

 

 

23.1

%

 

 

34.7

%

Other real estate owned

 

 

2,781

 

 

 

3,153

 

 

 

4,220

 

 

(11.8

)%

 

 

(34.1

)%

Total non-performing assets

 

$

87,858

 

 

$

72,240

 

 

$

67,378

 

 

21.6

%

 

 

30.4

%

Total non-performing loans and leases as a
   percentage of total loans and leases

 

 

1.14

%

 

 

0.92

%

 

 

0.85

%

 

 

 

 

 

Total non-performing assets as a percentage
   of total assets

 

 

0.89

%

 

 

0.73

%

 

 

0.69

%

 

 

 

 

 

Allowance for credit losses - loans and lease
   as a percentage of non-performing
   loans and leases

 

 

132.87

%

 

 

161.91

%

 

 

167.38

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-performing assets guaranteed by
   U.S. government:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual loans guaranteed

 

$

9,657

 

 

$

8,136

 

 

$

8,417

 

 

18.7

%

 

 

14.7

%

Total non-performing loans guaranteed

 

$

9,657

 

 

$

8,136

 

 

$

8,417

 

 

18.7

%

 

 

14.7

%

Total non-performing loans and leases
   not guaranteed as a percentage of total
   loans and leases

 

 

1.01

%

 

 

0.81

%

 

 

0.74

%

 

 

 

 

 

Total non-performing assets
   not guaranteed as a percentage
   of total assets

 

 

0.79

%

 

 

0.65

%

 

 

0.60

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Past due loans and leases 90 days or more
  and accruing interest:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Past due leases 90 days or more
  and accruing interest

 

$

544

 

 

$

1,114

 

 

$

—

 

 

(51.2

)%

 

 

100.0

%

Total past due loans and leases 90 days
  or more and accruing interest

 

$

544

 

 

$

1,114

 

 

$

—

 

 

(51.2

)%

 

 

100.0

%

Total past due loans and leases 90 days
   or more and accruing as a percentage
   of total loans and leases

 

 

0.01

%

 

 

0.01

%

 

 

—

 

 

 

 

 

 

 

The following table presents the composition of deposits at the dates indicated:

 

 

 

 

 

 

 

 

 

 

 

September 30, 2026

 

 

 

 

 

 

 

 

 

 

 

Change from

 

(dollars in thousands)

September 30, 2026

 

 

June 30, 2026

 

 

September 30, 2025

 

 

June 30, 2026

 

 

September 30, 2025

 

Non-interest-bearing demand deposits

$

1,872,965

 

 

$

1,826,739

 

 

$

1,932,869

 

 

 

2.5

%

 

 

(3.1

)%

Interest-bearing checking accounts

 

1,346,583

 

 

 

1,229,287

 

 

 

868,922

 

 

 

9.5

%

 

 

55.0

%

Money market demand accounts

 

2,692,285

 

 

 

2,710,183

 

 

 

2,957,995

 

 

 

(0.7

)%

 

 

(9.0

)%

Other savings

 

474,333

 

 

 

489,415

 

 

 

488,894

 

 

 

(3.1

)%

 

 

(3.0

)%

Time deposits (below $250,000)

 

1,163,972

 

 

 

1,152,305

 

 

 

1,151,764

 

 

 

1.0

%

 

 

1.1

%

Time deposits ($250,000 and above)

 

488,972

 

 

 

462,833

 

 

 

427,753

 

 

 

5.6

%

 

 

14.3

%

Total deposits

$

8,039,110

 

 

$

7,870,762

 

 

$

7,828,197

 

 

 

2.1

%

 

 

2.7

%

 

 

 

Byline Bancorp, Inc.

Page 11 of 13

BYLINE BANCORP, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited)

 

Non-GAAP Financial Measures

This release contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These measures include adjusted net income, adjusted diluted earnings per share, adjusted non-interest expense, adjusted non-interest expense excluding amortization of intangible assets, adjusted efficiency ratio, adjusted non-interest expense to average assets, tax equivalent net interest income, tax-equivalent net interest margin, total revenue, non-interest income to total revenues, adjusted return on average stockholders’ equity, adjusted return on average assets, pre-tax pre-provision net income, adjusted pre-tax pre-provision net income, pre-tax pre-provision return on average assets, adjusted pre-tax pre-provision return on average assets, tangible common stockholders' equity, tangible assets, average tangible assets, tangible net income, adjusted tangible net income, tangible book value per common share, tangible common equity to tangible assets, return on average tangible common stockholders' equity, and adjusted return on average tangible common stockholders' equity. Management believes that these non-GAAP financial measures provide useful information to management and investors that is supplementary to the Company’s financial condition, results of operations and cash flows computed in accordance with GAAP; however, management acknowledges that our non-GAAP financial measures have a number of limitations. As such, these disclosures should not be viewed as a substitute for results determined in accordance with GAAP financial measures that we and other companies use. Management also uses these measures for peer comparison. See below in the financial schedules included in this press release for a reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures. Additionally, please refer to the Company’s Annual Report on Form 10-K for the detailed definitions of these non-GAAP financial measures.

 

 

As of or For the Three Months Ended

 

 

 

September 30,

 

 

June 30,

 

 

September 30,

 

(dollars in thousands, except per share data)

 

2026

 

 

2026

 

 

2025

 

Net income and earnings per share excluding significant items:

 

 

 

 

 

 

 

 

 

Reported Net Income

 

$

41,786

 

 

$

40,181

 

 

$

37,200

 

Significant items:

 

 

 

 

 

 

 

 

 

Impairment charges on assets held for sale

 

 

—

 

 

 

496

 

 

 

—

 

Loss on extinguishment of debt

 

 

—

 

 

 

—

 

 

 

843

 

Tax benefit

 

 

—

 

 

 

(130

)

 

 

(221

)

Adjusted Net Income

 

$

41,786

 

 

$

40,547

 

 

$

37,822

 

Reported Diluted Earnings per Share

 

$

0.94

 

 

$

0.90

 

 

$

0.82

 

Significant items:

 

 

 

 

 

 

 

 

 

Impairment charges on assets held for sale

 

 

—

 

 

 

0.01

 

 

 

—

 

Loss on extinguishment of debt

 

 

—

 

 

 

—

 

 

 

0.02

 

Tax benefit

 

 

—

 

 

 

—

 

 

 

(0.01

)

Adjusted Diluted Earnings per Share

 

$

0.94

 

 

$

0.91

 

 

$

0.83

 

 

 

Byline Bancorp, Inc.

Page 12 of 13

BYLINE BANCORP, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (continued) (unaudited)

 

 

As of or For the Three Months Ended

 

(dollars in thousands, except per share data,

 

September 30,

 

 

June 30,

 

 

September 30,

 

  ratios annualized, where applicable)

 

2026

 

 

2026

 

 

2025

 

Adjusted non-interest expense:

 

 

 

 

 

 

 

 

 

Non-interest expense

 

$

59,800

 

 

$

56,479

 

 

$

60,518

 

Less: Impairment charges on assets held for sale

 

 

—

 

 

 

496

 

 

 

—

 

Less: Loss on extinguishment of debt

 

 

—

 

 

 

—

 

 

 

843

 

Adjusted non-interest expense

 

$

59,800

 

 

$

55,983

 

 

$

59,675

 

Adjusted non-interest expense excluding
   amortization of intangible assets:

 

 

 

 

 

 

 

 

 

Adjusted non-interest expense

 

$

59,800

 

 

$

55,983

 

 

$

59,675

 

Less: Amortization of intangible assets

 

 

1,235

 

 

 

1,235

 

 

 

1,494

 

Adjusted non-interest expense excluding
   amortization of intangible assets

 

$

58,565

 

 

$

54,748

 

 

$

58,181

 

Pre-tax pre-provision net income:

 

 

 

 

 

 

 

 

 

Pre-tax income

 

$

54,460

 

 

$

54,071

 

 

$

49,919

 

Add: Provision for credit losses

 

 

6,748

 

 

 

7,162

 

 

 

5,298

 

Pre-tax pre-provision net income

 

$

61,208

 

 

$

61,233

 

 

$

55,217

 

Adjusted pre-tax pre-provision net income:

 

 

 

 

 

 

 

 

 

Pre-tax pre-provision net income

 

$

61,208

 

 

$

61,233

 

 

$

55,217

 

Add: Impairment charges on assets held for sale

 

 

—

 

 

 

496

 

 

 

—

 

Add: Loss on extinguishment of debt

 

 

—

 

 

 

—

 

 

 

843

 

Adjusted pre-tax pre-provision net income

 

$

61,208

 

 

$

61,729

 

 

$

56,060

 

Tax equivalent net interest income:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

103,676

 

 

$

100,836

 

 

$

99,890

 

Add: Tax-equivalent adjustment

 

 

167

 

 

 

178

 

 

 

228

 

Net interest income, fully taxable equivalent

 

$

103,843

 

 

$

101,014

 

 

$

100,118

 

Total revenue:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

103,676

 

 

$

100,836

 

 

$

99,890

 

Add: Non-interest income

 

 

17,332

 

 

 

16,876

 

 

 

15,845

 

Total revenue

 

$

121,008

 

 

$

117,712

 

 

$

115,735

 

Tangible common stockholders' equity:

 

 

 

 

 

 

 

 

 

Total stockholders' equity

 

$

1,275,242

 

 

$

1,304,215

 

 

$

1,237,682

 

Less: Goodwill and other intangibles

 

 

196,815

 

 

 

198,050

 

 

 

202,014

 

Tangible common stockholders' equity

 

$

1,078,427

 

 

$

1,106,165

 

 

$

1,035,668

 

Tangible assets:

 

 

 

 

 

 

 

 

 

Total assets

 

$

9,898,780

 

 

$

9,932,465

 

 

$

9,812,375

 

Less: Goodwill and other intangibles

 

 

196,815

 

 

 

198,050

 

 

 

202,014

 

Tangible assets

 

$

9,701,965

 

 

$

9,734,415

 

 

$

9,610,361

 

Average tangible common stockholders' equity:

 

 

 

 

 

 

 

 

 

Average total stockholders' equity

 

$

1,343,362

 

 

$

1,337,584

 

 

$

1,208,290

 

Less: Average goodwill and other intangibles

 

 

197,424

 

 

 

198,629

 

 

 

202,723

 

Average tangible common stockholders' equity

 

$

1,145,938

 

 

$

1,138,955

 

 

$

1,005,567

 

Average tangible assets:

 

 

 

 

 

 

 

 

 

Average total assets

 

$

9,923,536

 

 

$

9,882,985

 

 

$

9,716,920

 

Less: Average goodwill and other intangibles

 

 

197,424

 

 

 

198,629

 

 

 

202,723

 

Average tangible assets

 

$

9,726,112

 

 

$

9,684,356

 

 

$

9,514,197

 

Tangible net income:

 

 

 

 

 

 

 

 

 

Net income

 

$

41,786

 

 

$

40,181

 

 

$

37,200

 

Add: After-tax intangible asset amortization

 

 

913

 

 

 

912

 

 

 

1,103

 

Tangible net income

 

$

42,699

 

 

$

41,093

 

 

$

38,303

 

Adjusted tangible net income:

 

 

 

 

 

 

 

 

 

Tangible net income

 

$

42,699

 

 

$

41,093

 

 

$

38,303

 

Add: Impairment charges on assets held for sale

 

 

—

 

 

 

496

 

 

 

—

 

Add: Loss on extinguishment of debt

 

 

—

 

 

 

—

 

 

 

843

 

Add: Tax benefit on significant items

 

 

—

 

 

 

(130

)

 

 

(221

)

Adjusted tangible net income

 

$

42,699

 

 

$

41,459

 

 

$

38,925

 

 

 

Byline Bancorp, Inc.

Page 13 of 13

BYLINE BANCORP, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (continued) (unaudited)

 

 

 

As of or For the Three Months Ended

 

(dollars in thousands, except share and per share

 

September 30,

 

 

June 30,

 

 

September 30,

 

  data, ratios annualized, where applicable)

 

2026

 

 

2026

 

 

2025

 

Pre-tax pre-provision return on average assets:

 

 

 

 

 

 

 

 

 

Pre-tax pre-provision net income

 

$

61,208

 

 

$

61,233

 

 

$

55,217

 

Average total assets

 

 

9,923,536

 

 

 

9,882,985

 

 

 

9,716,920

 

Pre-tax pre-provision return on average assets

 

 

2.45

%

 

 

2.49

%

 

 

2.25

%

Adjusted pre-tax pre-provision return on average assets:

 

 

 

 

 

 

 

 

 

Adjusted pre-tax pre-provision net income

 

$

61,208

 

 

$

61,729

 

 

$

56,060

 

Average total assets

 

 

9,923,536

 

 

 

9,882,985

 

 

 

9,716,920

 

Adjusted pre-tax pre-provision return on average assets

 

 

2.45

%

 

 

2.51

%

 

 

2.29

%

Net interest margin, fully taxable equivalent:

 

 

 

 

 

 

 

 

 

Net interest income, fully taxable equivalent

 

$

103,843

 

 

$

101,014

 

 

$

100,118

 

Total average interest-earning assets

 

 

9,509,183

 

 

 

9,457,037

 

 

 

9,288,078

 

Net interest margin, fully taxable equivalent

 

 

4.33

%

 

 

4.29

%

 

 

4.28

%

Non-interest income to total revenues:

 

 

 

 

 

 

 

 

 

Non-interest income

 

$

17,332

 

 

$

16,876

 

 

$

15,845

 

Total revenues

 

 

121,008

 

 

 

117,712

 

 

 

115,735

 

Non-interest income to total revenues

 

 

14.32

%

 

 

14.34

%

 

 

13.69

%

Adjusted non-interest expense to average assets:

 

 

 

 

 

 

 

 

 

Adjusted non-interest expense

 

$

59,800

 

 

$

55,983

 

 

$

59,675

 

Average total assets

 

 

9,923,536

 

 

 

9,882,985

 

 

 

9,716,920

 

Adjusted non-interest expense to average assets

 

 

2.39

%

 

 

2.27

%

 

 

2.44

%

Adjusted efficiency ratio:

 

 

 

 

 

 

 

 

 

Adjusted non-interest expense excluding amortization of
  intangible assets

 

$

58,565

 

 

$

54,748

 

 

$

58,181

 

Total revenues

 

 

121,008

 

 

 

117,712

 

 

 

115,735

 

Adjusted efficiency ratio

 

 

48.40

%

 

 

46.51

%

 

 

50.27

%

Adjusted return on average assets:

 

 

 

 

 

 

 

 

 

Adjusted net income

 

$

41,786

 

 

$

40,547

 

 

$

37,822

 

Average total assets

 

 

9,923,536

 

 

 

9,882,985

 

 

 

9,716,920

 

Adjusted return on average assets

 

 

1.67

%

 

 

1.65

%

 

 

1.54

%

Adjusted return on average stockholders' equity:

 

 

 

 

 

 

 

 

 

Adjusted net income

 

$

41,786

 

 

$

40,547

 

 

$

37,822

 

Average stockholders' equity

 

 

1,343,362

 

 

 

1,337,584

 

 

 

1,208,290

 

Adjusted return on average stockholders' equity

 

 

12.34

%

 

 

12.16

%

 

 

12.42

%

Tangible common equity to tangible assets:

 

 

 

 

 

 

 

 

 

Tangible common equity

 

$

1,078,427

 

 

$

1,106,165

 

 

$

1,035,668

 

Tangible assets

 

 

9,701,965

 

 

 

9,734,415

 

 

 

9,610,361

 

Tangible common equity to tangible assets

 

 

11.12

%

 

 

11.36

%

 

 

10.78

%

Return on average tangible common stockholders' equity:

 

 

 

 

 

 

 

 

 

Tangible net income

 

$

42,699

 

 

$

41,093

 

 

$

38,303

 

Average tangible common stockholders' equity

 

 

1,145,938

 

 

 

1,138,955

 

 

 

1,005,567

 

Return on average tangible common stockholders' equity

 

 

14.78

%

 

 

14.47

%

 

 

15.11

%

Adjusted return on average tangible common
  stockholders' equity:

 

 

 

 

 

 

 

 

 

Adjusted tangible net income

 

$

42,699

 

 

$

41,459

 

 

$

38,925

 

Average tangible common stockholders' equity

 

 

1,145,938

 

 

 

1,138,955

 

 

 

1,005,567

 

Adjusted return on average tangible common
  stockholders' equity

 

 

14.78

%

 

 

14.60

%

 

 

15.36

%

Tangible book value per common share:

 

 

 

 

 

 

 

 

 

Tangible common equity

 

$

1,078,427

 

 

$

1,106,165

 

 

$

1,035,668

 

Common shares outstanding

 

 

44,674,518

 

 

 

45,191,493

 

 

 

45,859,977

 

Tangible book value per common share

 

$

24.14

 

 

$

24.48

 

 

$

22.58

 

 

 

Slide 1

3Q26 Earnings Presentation Exhibit 99.2

Slide 2

Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ‘‘may’’, ‘‘might’’, ‘‘should’’, ‘‘could’’, ‘‘predict’’, ‘‘potential’’, ‘‘believe’’, ‘‘expect’’, ‘‘continue’’, ‘‘will’’, ‘‘anticipate’’, ‘‘seek’’, ‘‘estimate’’, ‘‘intend’’, ‘‘plan’’, ‘‘projection’’, ‘‘would’’, ‘‘annualized’’, “target” and ‘‘outlook’’, or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements involve estimates and known and unknown risks, and reflect various assumptions and involve elements of subjective judgment and analysis, which may or may not prove to be correct, and which are subject to uncertainties and contingencies outside the control of Byline and its affiliates, directors, employees and other representatives, which could cause actual results to differ materially from those presented in this communication. No representations, warranties or guarantees are or will be made by Byline as to the reliability, accuracy or completeness of any forward-looking statements contained in this communication or that such forward-looking statements are or will remain based on reasonable assumptions. You should not place undue reliance on any forward-looking statements contained in this communication. Certain risks and important factors that could affect Byline’s future results are identified in our Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission, including among other things under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025. Any forward-looking statement speaks only as of the date on which it is made, and Byline undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information or the occurrence of unanticipated events, or otherwise unless required under the federal securities laws. Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Slide 3

Leading Chicago Commercial Banking Franchise Company Overview BY at a Glance ($mm) Leading Chicago Footprint Growth Strategy Size Aspiration $9.9 Billion Total Assets $7.5 Billion Total Loans & Leases $8.0 Billion Total Deposits $1.1 Billion Tangible Common Equity (TCE)(2) $1.7 Billion Market Cap(1) A Chicago-based commercial bank with the strength, scale, and product offerings to compete effectively in our markets—delivering value to stockholders, customers, employees, and the communities we serve Preeminent Commercial Bank in Chicago Grow Customer Relationships Maintain Balance Sheet Strength Drive Profitable Growth Strategic Investment Gain market share in commercial banking Target lower middle market customers with full-service relationship banking to drive share and deepen engagement Grow low-cost deposits Build a stable funding base by growing business banking deposits and optimizing balance sheet efficiency Supplement organic growth through acquisitions Leverage acquisition expertise to capitalize on market opportunities Chicagoland Branch Locations 43 Largest Bank Headquartered in Chicago(1) #2 Note: Map excludes Byline Bank branch located in Wauwatosa, WI. Source: S&P Global Market Intelligence and company filings. Data as of quarter ended September 30, 2026 or most recent available. BY market capitalization as of September 30, 2026. Second largest bank headquartered in Chicago based on total assets. Represents a non-GAAP financial measure. See “Non-GAAP Reconciliation” in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure.

Slide 4

Third Quarter 2026 Highlights Data as of or for the quarter ended September 30, 2026, unless otherwise noted. Comparisons against quarter ended June 30, 2026, unless otherwise noted. Represents a non-GAAP financial measure. See “Non-GAAP Reconciliation” in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure. Annualized. Total payout ratio is inclusive of common dividends and common share repurchases divided by net income. NET INCOME $0.94 DILUTED EPS 4.33% NET INTEREST MARGIN 2.45% PTPP ROAA(1)(2) PERFORMANCE OVERVIEW Delivered record revenue of $121.0 million, up 2.8% Record net interest income of $103.7 million, up 2.8% PTPP ROAA of 2.45%(1), marking the 16th consecutive quarter above 2.00% Effective tax rate of 23.3%, reflecting impact of tax credits STRONG FINANCIAL PERFORMANCE Broad-based earnings growth, margin expansion and disciplined capital return PROFITABILITY & RETURNS Reported results Return on Average Assets(2) 1.67% Return on Tangible Common Equity(1)(2) 14.78% Efficiency Ratio 48.40% Loan / Deposit Ratio 93.2% TCE / Tangible Assets(1) 11.12% Tangible Book Value / Share(1) $24.14 Total payout ratio(3) of 63.2%, inclusive of dividends and share repurchases KEY HIGHLIGHTS (compared to 3Q25) +14.6% EPS growth +6.9% TBV per common share growth(1) +2.7% Deposit growth +114 bps Common Equity Tier 1 growth 260 bps Efficiency ratio improvement(1) $41.8 million CAPITAL RETURN TO STOCKHOLDERS

Slide 5

Loan Portfolio Trends ($ in millions) Highlights Total Loan Portfolio and Average Yield Portfolio Composition Total loans and leases of $7.5 billion, down $73.5 million or 1.0% Originated $362.3 million in new loans in 3Q26, net of loan sales Commercial banking and CRE production of $126.6 million and $113.6 million, respectively $396 million of payoffs and $105 million of loan sales exceeded new fundings Line utilization of 57%, down from 61%, reflecting higher net repayments Average loan yield increased three basis points to 6.87% Utilization Rates Originations and Payoffs (1) Annualized. Last 12 Months Average

Slide 6

Deposit Trends ($ in millions) Highlights Total deposits were $8.0 billion, up 8.5%(1) from 2Q26 Excluding brokered, deposits were up 13.8%(1) Growth led by interest-bearing checking, up $117 million, with increases in non-interest bearing and time deposits Non-interest-bearing checking remained stable at 23.3% Cost of deposits of 1.95%, up three basis points Cost of interest-bearing deposits of 2.54%, up five basis points Cost of Interest-Bearing Deposits Avg. Non-Interest-Bearing Deposits Deposit Composition (1) Annualized.

Slide 7

Net Interest Income and Net Interest Margin Trends ($ in millions) Net interest income was $103.7 million, up 2.8% from 2Q26 Increase driven by higher securities income, lower borrowing costs and day count Net interest margin of 4.33%, up 5 bps and up 6 bps Y/Y Interest Rate Sensitivity Over a One-Year Time Horizon Shock +100 bps: +$18 million or +4.4% increase in NII (+$4.4 million per 25 bps) Ramp +100 bps: +$9 million or +2.2% increase in NII (+$2.2 million per 25 bps) Net Interest Income Highlights NIM Bridge NIM, Yields and Costs Repricing Mix $100.8 Million NII $103.7 Million NII 4.28% 4.33%

Slide 8

Non-Interest Income Trends ($ in millions) Government Guaranteed Loan Sales $5.8 million in gain on sale of loans sold, driven by higher premiums $70.8 million of guaranteed loans sold in 3Q26 Non-interest income totaled $17.3 million, up 2.7% from 2Q26, reflecting: Wealth management and trust income grew 9.7% Higher customer swap income $665,000 negative fair value adjustment on the loan servicing asset Total Non-Interest Income Net Gains on Sales of Loans Highlights Volume Sold and Average Net Premiums

Slide 9

Non-Interest Expense Trends ($ in millions) (1) Non-interest expense of $59.8 million, up 5.9% from 2Q26, reflecting: $3.4 million increase in salaries and employee benefits primarily due to higher incentive compensation Continued focus on operating efficiency and expense discipline Adjusted efficiency ratio(1) of 48.40%, up 189 bps, down 187 bps Y/Y Adjusted NIE / AA of 2.39%, up 12 bps, down 5 bps Y/Y Efficiency Ratio Non-Interest Expense Highlights Non-Interest Expense Bridge Represents a non-GAAP financial measure. See “Non-GAAP Reconciliation” in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure. $3.4 ($0.2) $0.3 $56.5 $59.8 $0.3 ($0.5)

Slide 10

Asset Quality Trends ($ in millions) Criticized & Classified Loans and Leases Net Charge-offs NPLs / Total Loans and Leases Allowance for Credit Losses (ACL) Note: Criticized & classified loans and leases risk-rated special mention or worse.

Slide 11

Capital Position (1) Highlights Capital Ratios (1) Return on Average Tangible Common Equity Common Equity Tier 1 Capital Priorities: Regulatory capital ratios increased; TCE declined on higher AOCI Increased cash dividend by 16.7% to $0.14 per share during 3Q26 Repurchased 521,980 shares, or $20.4 million of common stock under the share repurchase program Announced merger agreement with Illinois State Bancorp, Inc. Represents a non-GAAP financial measure. See “Non-GAAP Reconciliation” in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure. Organic Growth Dividend M&A Buyback

Slide 12

3Q26 Earnings Presentation Appendix

Slide 13

Granular Deposit Base Consumer Deposits, $3.1 billion Commercial Deposits, $2.8 billion ~64% of Total Deposits are FDIC Insured …with limited concentration and a granular customer base providing a stable source of funding Consumer Deposits(1) $3.7 billion at 9/30/26 Deposit Base ~$32,000 Average Account Balance Customer Base ~117,000 Consumer Accounts Total Franchise 44 Branches Commercial Deposits $4.3 billion at 9/30/26 Deposit Base ~$153,000 Average Account Balance Customer Base ~28,000 Commercial Accounts Consumer Deposits, $3.7 billion Commercial Deposits, $4.3 billion Uninsured 13% d Total Deposits $8.0 Billion as of 9/30/26 Broad footprint across greater Chicagoland and key urban MSAs in Wisconsin A strength of our franchise is our well diversified deposit base… Excludes brokered deposits.

Slide 14

Liquidity and Securities Portfolio ($ in millions) Liquidity Position Cash and cash equivalents of $218.7 million $2.4 billion of secured borrowing capacity Uninsured deposits are 35.7% of total deposits Established $150 million of secured borrowing capacity across repurchase counterparties, strengthening our liquidity sources Investment portfolio duration: 4.2 years; net of hedges: ~4.1 years Investment portfolio annual cash flow: ~$213 million $1.6 billion investment portfolio, entirely available-for-sale Taxable securities yield of 3.72% Highlights AFS Portfolio by Type Securities + Cash (Average)

Slide 15

Government Guaranteed Lending ($ in millions) ($ in millions) $ Balance % of Portfolio Unguaranteed $387.6 5.1% Guaranteed 68.3 0.9% Total SBA 7(a) Loans $455.9 6.1% Unguaranteed $27.5 0.4% Guaranteed 21.8 0.3% Total USDA Loans $49.3 0.7% ACL / Unguaranteed Loan Balance Since 2016, the unguaranteed portion of our government guaranteed portfolio has decreased from 14.6% to 5.5% Closed $118.0 million in SBA 7(a) and USDA loan commitments SBA 7(a) portfolio $455.9 million, up $13.8 million, or 3.1% from 2Q26 ACL / Unguaranteed loan balance ~7.9% $1.6 billion in government guaranteed loans serviced for investors as of 3Q26 On Balance Sheet SBA 7(a) & USDA Loans SBA 7(a) & USDA Closed Loan Commitments Highlights $123.6 $106.9 $98.7 $115.5 $118.0

Slide 16

Financial Summary Represents a non-GAAP financial measure. See “Non-GAAP Reconciliation” in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure. Interest income and rates include the effects of a tax equivalent adjustment to adjust tax-exempt investment income on tax-exempt investment securities to a fully taxable basis, assuming a federal income tax rate of 21%. As of or For the Three Months Ended (dollars in thousands, except per share data) September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Income Statement Net interest income $ 103,676 $ 100,836 $ 99,863 $ 101,255 $ 99,890 Provision for credit losses 6,748 7,162 5,537 9,702 5,298 Non-interest income 17,332 16,876 12,538 15,750 15,845 Non-interest expense 59,800 56,479 57,189 60,369 60,518 Income before provision for income taxes 54,460 54,071 49,675 46,934 49,919 Provision for income taxes 12,674 13,890 12,096 12,413 12,719 Net income   $ 41,786   $ 40,181   $ 37,579   $ 34,521   $ 37,200 Diluted earnings per common share(1)   $ 0.94   $ 0.90   $ 0.83   $ 0.76   $ 0.82 Balance Sheet Total loans and leases HFI $ 7,461,517 $ 7,542,411 $ 7,475,272 $ 7,509,369 $ 7,440,755 Total deposits 8,039,110 7,870,762 7,801,816 7,647,443 7,828,197 Tangible common equity(1) 1,078,427 1,106,165 1,081,007 1,067,386 1,035,668 Balance Sheet Metrics Loans and leases / total deposits 93.17% 96.10% 95.94% 98.37% 95.31% Tangible common equity / tangible assets(1) 11.12% 11.36% 11.13% 11.29% 10.78% Key Performance Ratios Net interest margin 4.33% 4.28% 4.33% 4.35% 4.27% Efficiency ratio 48.40% 46.93% 49.78% 50.32% 51.00% Adjusted efficiency ratio(1) 48.40% 46.51% 49.78% 50.15% 50.27% Non-interest income to total revenues 14.32% 14.34% 11.15% 13.46% 13.69% Non-interest expense to average assets 2.39% 2.27% 2.37% 2.47% 2.47% Return on average assets 1.67% 1.63% 1.56% 1.41% 1.52% Adjusted return on average assets(1) 1.67% 1.65% 1.56% 1.42% 1.54% Pre-tax pre-provision return on average assets (1) 2.45% 2.49% 2.29% 2.32% 2.25% Dividend payout ratio on common stock 14.89% 13.33% 14.46% 13.16% 12.20% Tangible book value per common share(1) $ 24.14 $ 24.48 $ 23.79 $ 23.44 $ 22.58

Slide 17

Non-GAAP Reconciliation As of or For the Three Months Ended (dollars in thousands, except per share data) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Net income and earnings per share excluding significant items Reported Net Income $ 41,786 $ 40,181 $ 37,579 $ 34,521 $ 37,200 Significant items: Loss on extinguishment of debt — — — — 843 Impairment charges on assets held for sale — 496 — 195 — Tax benefit — (130) — (50) (221) Adjusted Net Income   $ 41,786   $ 40,547   $ 37,579   $ 34,666   $ 37,822 Reported Diluted Earnings per Share $ 0.94 $ 0.90 $ 0.83 $ 0.76 $ 0.82 Significant items: Loss on extinguishment of debt — — — — 0.02 Impairment charges on assets held for sale — 0.01 — — — Tax benefit — — — — (0.01) Adjusted Diluted Earnings per Share   $ 0.94   $ 0.91   $ 0.83   $ 0.76   $ 0.83

Slide 18

Non-GAAP Reconciliation (continued) As of or For the Three Months Ended                   (dollars in thousands) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Adjusted non-interest expense: Non-interest expense $ 59,800 $ 56,479 $ 57,189 $ 60,369 $ 60,518 Less: Loss on extinguishment of debt — — — — 843 Less: Impairment charges on assets held for sale — 496 — 195 — Adjusted non-interest expense   $ 59,800   $ 55,983   $ 57,189   $ 60,174   $ 59,675 Adjusted non-interest expense ex. amortization of intangible assets: Adjusted non-interest expense $ 59,800 $ 55,983 $ 57,189 $ 60,174 $ 59,675 Less: Amortization of intangible assets 1,235 1,235 1,235 1,494 1,494 Adjusted non-interest expense ex. amortization of intangible assets   $ 58,565   $ 54,748   $ 55,954   $ 58,680   $ 58,181 Pre-tax pre-provision net income: Pre-tax income $ 54,460 $ 54,071 $ 49,675 $ 46,934 $ 49,919 Add: Provision for credit losses 6,748 7,162 5,537 9,702 5,298 Pre-tax pre-provision net income   $ 61,208   $ 61,233   $ 55,212   $ 56,636   $ 55,217 Adjusted pre-tax pre-provision net income: Pre-tax pre-provision net income $ 61,208 $ 61,233 $ 55,212 $ 56,636 $ 55,217 Add: Loss on extinguishment of debt — — — — 843 Add:Impairment charges on assets held for sale — 496 — 195 — Adjusted pre-tax pre-provision net income   $ 61,208   $ 61,729   $ 55,212   $ 56,831   $ 56,060 Tax equivalent net interest income: Net interest income $ 103,676 $ 100,836 $ 99,863 $ 101,255 $ 99,890 Add: Tax-equivalent adjustment 167 178 196 213 228 Net interest income, fully taxable equivalent   $ 103,843   $ 101,014   $ 100,059   $ 101,468   $ 100,118 Total revenues: Net interest income $ 103,676 $ 100,836 $ 99,863 $ 101,255 $ 99,890 Add: Non-interest income 17,332 16,876 12,538 15,750 15,845 Total revenues   $ 121,008   $ 117,712   $ 112,401   $ 117,005   $ 115,735

Slide 19

Non-GAAP Reconciliation (continued) As of or For the Three Months Ended                   (dollars in thousands) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Tangible common stockholders' equity: Total stockholders' equity $ 1,275,242 $ 1,304,215 $ 1,280,292 $ 1,267,906 $ 1,237,682 Less: Goodwill and other intangibles 196,815 198,050 199,285 200,520 202,014 Tangible common stockholders' equity   $ 1,078,427   $ 1,106,165   $ 1,081,007   $ 1,067,386   $ 1,035,668 Tangible assets: Total assets $ 9,898,780 $ 9,932,465 $ 9,909,680 $ 9,652,676 $ 9,812,375 Less: Goodwill and other intangibles 196,815 198,050 199,285 200,520 202,014 Tangible assets   $ 9,701,965   $ 9,734,415   $ 9,710,395   $ 9,452,156   $ 9,610,361 Average tangible common stockholders' equity: Average total stockholders' equity $ 1,343,362 $ 1,337,584 $ 1,333,423 $ 1,290,789 $ 1,208,290 Less: Average goodwill and other intangibles 197,424 198,629 199,943 201,251 202,723 Average tangible common stockholders' equity   $ 1,145,938   $ 1,138,955   $ 1,133,480   $ 1,089,538   $ 1,005,567 Average tangible assets: Average total assets $ 9,923,536 $ 9,882,985 $ 9,797,832 $ 9,683,103 $ 9,716,920 Less: Average goodwill and other intangibles 197,424 198,629 199,943 201,251 202,723 Average tangible assets   $ 9,726,112   $ 9,684,356   $ 9,597,889   $ 9,481,852   $ 9,514,197 Tangible net income: Net income $ 41,786 $ 40,181 $ 37,579 $ 34,521 $ 37,200 Add: After-tax intangible asset amortization 913 912 912 1,104 1,103 Tangible net income   $ 42,699   $ 41,093   $ 38,491   $ 35,625   $ 38,303 Adjusted tangible net income: Tangible net income $ 42,699 $ 41,093 $ 38,491 $ 35,625 $ 38,303 Add: Loss on extinguishment of debt — — — — 843 Add:Impairment charges on assets held for sale — 496 — 195 — Add: Tax benefit on significant items — (130) — (50) (221) Adjusted tangible net income   $ 42,699   $ 41,459   $ 38,491   $ 35,770   $ 38,925

Slide 20

Non-GAAP Reconciliation (continued) As of or For the Three Months Ended                   (dollars in thousands, except share and per share data, ratios annualized, where applicable) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Pre-tax pre-provision return on average assets: Pre-tax pre-provision net income $ 61,208 $ 61,233 $ 55,212 $ 56,636 $ 55,217 Average total assets 9,923,536 9,882,985 9,797,832 9,683,103 9,716,920 Pre-tax pre-provision return on average assets   2.45%   2.49%   2.29%   2.32%   2.25% Adjusted pre-tax pre-provision return on average assets: Adjusted pre-tax pre-provision net income $ 61,208 $ 61,729 $ 55,212 $ 56,831 $ 56,060 Average total assets 9,923,536 9,882,985 9,797,832 9,683,103 9,716,920 Adjusted pre-tax pre-provision return on average assets   2.45%   2.51%   2.29%   2.33%   2.29% Net interest margin, fully taxable equivalent: Net interest income, fully taxable equivalent $ 103,843 $ 101,014 $ 100,059 $ 101,468 $ 100,118 Total average interest-earning assets 9,509,183 9,457,037 9,347,232 9,230,799 9,288,078 Net interest margin, fully taxable equivalent   4.33%   4.29%   4.34%   4.36%   4.28% Non-interest income to total revenues: Non-interest income $ 17,332 $ 16,876 $ 12,538 $ 15,750 $ 15,845 Total revenues 121,008 117,712 112,401 117,005 115,735 Non-interest income to total revenues   14.32%   14.34%   11.15%   13.46%   13.69% Adjusted non-interest expense to average assets: Adjusted non-interest expense $ 59,800 $ 55,983 $ 57,189 $ 60,174 $ 59,675 Average total assets 9,923,536 9,882,985 9,797,832 9,683,103 9,716,920 Adjusted non-interest expense to average assets   2.39%   2.27%   2.37%   2.47%   2.47% Adjusted efficiency ratio: Adjusted non-interest expense excluding amortization of intangible assets $ 58,565 $ 54,748 $ 55,954 $ 58,680 $ 58,181 Total revenues 121,008 117,712 112,401 117,005 115,735 Adjusted efficiency ratio   48.40%   46.51%   49.78%   50.15%   50.27% Adjusted return on average assets: Adjusted net income $ 41,786 $ 40,547 $ 37,579 $ 34,666 $ 37,822 Average total assets 9,923,536 9,882,985 9,797,832 9,683,103 9,716,920 Adjusted return on average assets   1.67%   1.65%   1.56%   1.42%   1.54% Adjusted return on average stockholders' equity: Adjusted net income $ 41,786 $ 40,547 $ 37,579 $ 34,666 $ 37,822 Average stockholders' equity 1,343,362 1,337,584 1,333,423 1,290,789 1,208,290 Adjusted return on average stockholders' equity   12.34%   12.16%   11.43%   10.65%   12.42%

Slide 21

Non-GAAP Reconciliation (continued) As of or For the Three Months Ended                   September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Tangible common equity to tangible assets: Tangible common equity $ 1,078,427 $ 1,106,165 $ 1,081,007 $ 1,067,386 $ 1,035,668 Tangible assets 9,701,965 9,734,415 9,710,395 9,452,156 9,610,361 Tangible common equity to tangible assets   11.12%   11.36%   11.13%   11.29%   10.78% Return on average tangible common stockholders' equity: Tangible net income $ 42,699 $ 41,093 $ 38,491 $ 35,625 $ 38,303 Average tangible common stockholders' equity 1,145,938 1,138,955 1,133,480 1,089,538 1,005,567 Return on average tangible common stockholders' equity   14.78%   14.47%   13.77%   12.97%   15.11% Adjusted return on average tangible common stockholders' equity: Adjusted tangible net income $ 42,699 $ 41,459 $ 38,491 $ 35,770 $ 38,925 Average tangible common stockholders' equity 1,145,938 1,138,955 1,133,480 1,089,538 1,005,567 Adjusted return on average tangible common stockholders' equity   14.78%   14.60%   13.77%   13.02%   15.36% Tangible book value per share: Tangible common equity $ 1,078,427 $ 1,106,165 $ 1,081,007 $ 1,067,386 $ 1,035,668 Common shares outstanding 44,674,518 45,191,493 45,442,851 45,545,928 45,859,977 Tangible book value per share   $ 24.14   $ 24.48   $ 23.79   $ 23.44   $ 22.58

Slide 22

 

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