Byline Bancorp, Inc. (BY)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$462.9M

Revenue growth

10.2%

Net income, last twelve months

$149.5M

Earnings per share

$3.31

Net margin

32.3%

Free cash flow

$163.3M

Return on equity

11.5%

Market value

$1.7B

Price to earnings

11.7x

Dividend yield

1.1%

Cash

$193.6M

Debt

$606.2M

Debt to equity

0.46

Shares outstanding

45.2M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the third quarter of 2026 results, filed 22 October 2026.

• Net income and EPS rose. Net income was $41.8 million, up from $40.2 million in the second quarter. Diluted EPS was $0.94 against $0.90, and was up 14.6% from a year earlier.
• Net interest income rose 2.8%. Net interest income was $103.7 million, helped by higher securities interest income, lower interest on other borrowings and one additional day in the quarter.
• Total revenue rose 2.8%. Total revenue was $121.0 million, up 2.8% from the second quarter and 4.6% from a year earlier.
• Loans held for investment declined. Loans and leases held for investment fell $80.9 million in the quarter, and the loan-to-deposit ratio was lowered to 93.22%.
• Deposits grew 8.5% annualized. Total deposits rose $168.3 million to $8.0 billion, up 2.1% from June 30 and 8.5% on an annualized basis.
• Deposit growth spread across account types. Non-interest-bearing demand, interest-bearing and time deposits grew, while money market and savings balances declined.
• Wholesale borrowings declined. Total borrowings and other liabilities fell $173.1 million to $584.4 million. The company reported reducing wholesale funding by $268.7 million.
• Net interest margin rose five basis points. Net interest margin reached 4.33%, up from 4.28% in the second quarter, mainly from higher securities yields and lower FHLB advances.
• Loan accretion contribution fell. Net loan accretion added six basis points to net interest margin, down from 11 basis points in the prior quarter.
• Non-interest income rose 2.7%. Non-interest income was $17.3 million, up $456,000 from $16.9 million in the second quarter.
• Fee lines drove non-interest income. Bank-owned life insurance income, customer swap activity, and wealth management and trust income were the named drivers of the increase.
• Loan sale gains eased. Net gains on sales of loans were $5.8 million, down from $6.1 million in the second quarter.
• Tax credit purchase lowered tax rate. Effective tax rate was 23.3% against 25.7% in the second quarter. The company attributed the decrease mainly to renewable energy tax credits bought in the quarter.
• Expenses rose on salaries. Non-interest expense was $59.8 million, up $3.3 million or 5.9%, mainly from a $3.4 million rise in salaries and employee benefits, plus higher other and professional fees.

Company events

The newest 8-K filings of 149 held.

Every filing

The newest filings with the SEC of 285 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

218 funds held it at 30 Jun 2026: 114 added and 55 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Bank of Nova Scotia (BNS): revenue $27.0B, market value $116.9B
• Bank of New York Mellon Corp. (BNY): revenue $21.4B, market value $100.9B
• Itaú Unibanco Holding S.A. (ITUB): revenue $30.1B, market value $81.6B
• Fifth Third Bancorp (FITB): revenue $10.7B, market value $48.5B
• State Street Corp. (STT): revenue $15.5B, market value $47.4B
• M&T Bank Corp. (MTB): revenue $10.0B, market value $31.8B
• Northern Trust Corp. (NTRS): revenue $9.1B, market value $31.4B
• Banco Bradesco S.A. (BBD): revenue –, market value $28.9B
• Citizens Financial Group Inc. (CFG): revenue $8.9B, market value $27.5B
• First Citizens Bancshares Inc. (FCNCA): revenue $9.6B, market value $26.9B

What the company does

Byline Bancorp, Inc., headquartered in Chicago, Illinois, is a bank holding company. It conducts all its business through Byline Bank, an Illinois-chartered full service commercial bank, and that bank's subsidiaries. The bank serves small and medium sized businesses, commercial real estate investors, financial sponsors and consumers, mainly through 44 branches in the Chicago metropolitan area and one in Wauwatosa, Wisconsin. As of 31 December 2025 the company had 1,027 employees.

How the business is organised

The company reports one segment. Its chief operating decision makers review the business on consolidated information when allocating resources and assessing performance. The holding company does not run any non-banking activities through non-bank subsidiaries. It has not elected to be a financial holding company.

What it sells

Commercial banking is described as a fundamental part of the business.

- Commercial & Industrial: term loans, revolving lines of credit and treasury management for small and lower middle market businesses. - Commercial real estate: fixed and floating rate term loans, construction financing and revolving lines of credit for experienced real estate professionals. The loans cover multifamily, industrial, retail and office properties. - Sponsor finance: senior secured financing for private equity backed lower middle market companies across the U.S. - Syndications: participation in syndicated loans and purchases of whole loans or participations from lead banks. The filing says this is now a smaller part of the portfolio. - Small Business Capital: SBA and USDA loans, which the filing calls U.S. government guaranteed loans.

The bank was the tenth most active originator of SBA 7(a) loans in the country and the most active SBA 7(a) lender in Illinois, as reported by the SBA for its fiscal year ended 30 September 2025. It generally sells the government guaranteed portion into the secondary market. It keeps the non-guaranteed portion and the servicing rights, which produces gain on sale income and a recurring servicing and interest stream.

Byline Financial Group, a subsidiary of the bank based in Bannockburn, Illinois, provides small ticket equipment leasing. It works with equipment vendors and their end users in manufacturing, small equipment construction, wholesale and healthcare. It has lessees in nearly every state, and its leases have a weighted average life of approximately 3.1 years.

Trust and wealth management serves foundations, endowments and high net worth individuals. Services include fiduciary and executor work, financial planning, investment advisory and private banking.

Who it lends to

By industry, real estate was 35.9% of the portfolio, manufacturing 12.1%, finance and insurance 9.5%, wholesale trade 6.5% and accommodation and food services 5.0%.

How it funds itself

The branch network gathers deposits that fund most of the bank's loans and leases. Deposit products include non-interest-bearing accounts, money market demand accounts, savings, interest-bearing checking and time deposits with maturities from seven days to five years. Core deposits, defined as all deposits except time deposits above $100,000, were 87.0% of total deposits. Commercial deposits were 43.0% of total deposits and 85.1% of non-interest bearing deposits. The top 50 customers held approximately 13.6% of deposits. The bank is also a member of the Federal Home Loan Bank of Chicago.

Earnings depend substantially on net interest income. Non-interest income comes mainly from deposit fees, loan servicing, wealth management and trust fees, ATM and interchange fees, and gains on loan sales. It made up 13.65% of total revenues.

Where it operates

The Chicago metropolitan area is the primary market, and the branch network there is the core distribution channel. Since its recapitalization in June 2013 the branch count has fallen from 88 to 45, including 24 branches added through acquisition. The First Security acquisition closed on 1 April 2025. SBA lending is national, with a primary focus on the Midwest, Tennessee, Florida, Texas, Colorado, Utah and California. The company says it aspires to be the preeminent commercial bank in Chicago.

Competition and regulation

The bank competes for loans, leases, deposits and customer relationships with other financial holding companies and commercial banks, internet banks, savings and loan associations, FinTech companies, credit unions, and trust and wealth management providers. Competition rests on the variety, rates and terms of products and services and on the performance of funds under management.

The Federal Reserve Board supervises the holding company under the Bank Holding Company Act of 1956. Byline Bank is not a member of the Federal Reserve. Its primary regulators are the Federal Deposit Insurance Corporation and the Illinois Department of Financial and Professional Regulation.

Its people

Of the 1,027 employees, 1,018 work full time and nine part time. They are located mainly in the Chicagoland and greater Milwaukee, Wisconsin areas. None are covered by a collective bargaining agreement. The company runs an annual engagement survey with over 94% participation.

*From Byline Bancorp's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/1702750/000119312526083194/by-20251231.htm)*

From the company's 10-K.