Byline Bancorp ( (BY) ) has released its Q1 earnings. Here is a breakdown of the information Byline Bancorp presented to its investors.
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Byline Bancorp, Inc., headquartered in Chicago, is a full-service commercial bank primarily serving small- and medium-sized businesses, financial sponsors, and consumers, with a notable presence in the Chicago and Milwaukee metropolitan areas.
In the first quarter of 2025, Byline Bancorp reported a net income of $28.2 million, or $0.64 per diluted share, reflecting a slight decrease from the previous quarter. The company maintained a strong financial position with total assets reaching $9.6 billion, and it was recognized as one of Forbes’ America’s Best Banks for 2025.
Key financial metrics for the quarter included a net interest income of $88.2 million, a net interest margin expansion to 4.07%, and a decrease in non-interest income to $14.9 million. The company also completed the acquisition of First Security Bancorp, enhancing its asset base and solidifying its position as a leading commercial bank in Chicago. Additionally, Byline Bancorp received a credit ratings upgrade from Kroll Bond Rating Agency, reflecting its financial strength.
Looking ahead, Byline Bancorp’s management remains focused on executing its strategy to become the leading commercial bank in Chicago, emphasizing strong capital positions and risk management practices. The company continues to prioritize its strategic goals and deepen relationships with commercial customers.