Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Byline Bancorp Inc (BY)
NYSE:BY
Holding BY?
Track your performance easily
Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.6Last Year’s EPS
0.7Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 4.13%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong overall performance for Byline Bancorp in 2024, with robust profitability and a solid capital position. However, loan and deposit growth were flat, and there were increases in payoff activity and operating expenses. Despite these challenges, the company managed to improve its net interest margin and increase its dividend, contributing to a generally positive outlook.Company Guidance
During the Byline Bancorp Fourth Quarter 2024 Earnings Call, the executive team provided comprehensive guidance and insights into the company's performance and outlook. They highlighted a solid year with net income reaching $121 million, or $2.75 per diluted share, on revenues of $407 million, marking a 5% increase year-on-year. The company maintained strong profitability metrics, including a pre-tax pre-provision ROA of 205 basis points and an ROA of 131 basis points. The full-year loan growth was reported at 3%, funded by a 4% increase in deposits. Additionally, the company achieved positive operating leverage, reducing the cost-to-asset ratio by 22 basis points to 238 basis points. Capital levels remained robust, with TCE at 9.61%, CET1 just under 12%, and total capital around 15%. For the fourth quarter, Byline reported net income of $30.3 million or $0.69 per diluted share, with a net interest margin increase to 4.01% and a decrease in deposit costs by 28 basis points. They plan for mid-single-digit loan growth in 2025, maintaining disciplined expense management with a quarterly noninterest expense forecast of $55 million to $57 million.Record Profitability for Full Year 2024
Byline Bancorp reported net income of $121 million for the year, or $2.75 per diluted share, with revenue up 5% year-on-year to $407 million. Pretax pre-provision ROA was 205 basis points, ROA was 131 basis points, and ROTCE was just under 15%.
Strong Capital Position
Tangible book value per share increased by 12% year-on-year. Capital levels remained strong with TCE at 9.61%, CET1 just under 12%, and total capital at roughly 15%.
Dividend Increase
The company approved an 11.1% increase in its quarterly dividend.
Net Interest Margin Improvement
Net interest margin increased to 4.01%, up 13 basis points from the prior quarter.
Noninterest Income Growth
Noninterest income totaled $16.1 million, up 12.3% from the previous quarter, driven by a 21% increase in gain on sale of loans.
---
BY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
BY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $28.34 | $29.16 | +2.89% |
| Oct 24, 2024 | $26.45 | $26.78 | +1.25% |
| Jul 25, 2024 | $28.52 | $28.92 | +1.40% |
| Apr 25, 2024 | $20.85 | $21.54 | +3.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Byline Bancorp Inc (BY) report earnings?
Byline Bancorp Inc (BY) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Byline Bancorp Inc (BY) earnings time?
Byline Bancorp Inc (BY) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BY EPS forecast?
BY EPS forecast for the fiscal quarter 2025 (Q1) is 0.6.
---