Byline Bancorp announces approval of new 1.25M share buyback

Byline Bancorp (BY), Inc. announced that its Board of Directors has approved a new stock repurchase program that authorizes the company to repurchase up to 1.25M shares of the company’s outstanding common stock. The shares authorized to be repurchased represent approximately 2.8% of the company’s currently outstanding common stock. The new program will be effective January 1, 2025 and be in effect until December 31, 2025. Roberto R. Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, Inc., stated, “The new stock repurchase program underscores our disciplined approach to capital management and reaffirms our commitment to creating lasting value for our stockholders.”