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Byline Bancorp Inc (BY)
NYSE:BY
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Byline Bancorp
(NYSE:BY)
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Rating:66Neutral
Price Target:
$31.00
â–²(9.66% Upside)
Byline Bancorp's overall stock score reflects a mix of strong earnings performance and technical indicators, balanced by financial challenges and valuation considerations. The strategic corporate event further supports the company's financial flexibility, enhancing its market position.
Byline Bancorp (BY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.30B
Dividend Yield1.38%
Average Volume (3M)233.56K
Price to Earnings (P/E)10.6
Beta (1Y)0.96
Revenue Growth2.23%
EPS Growth-1.13%
CountryUS
Employees1,032
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.75
Shares Outstanding45,864,925
10 Day Avg. Volume325,885
30 Day Avg. Volume233,559
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue0.55
Enterprise Value/Gross Profit0.68
Enterprise Value/Ebitda0.59
Forecast
1Y Price Target
$32.50Price Target Upside14.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Byline Bancorp Business Overview & Revenue Model
Company DescriptionByline Bancorp, Inc. operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers various retail deposit products, including non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits; ATM and debit cards; and online, mobile, and text banking services, as well as commercial deposits. The company also provides term loans, revolving lines of credit, and construction financing services; senior secured financing solutions to private equity backed lower middle market companies; small business administration and united states department of agriculture loans; and treasury management products and services. In addition, it offers financing solutions for equipment vendors and their end users; and investment, trust, and wealth management services that include fiduciary and executor services, financial planning solutions, investment advisory services, and private banking services for foundations and endowments, and high net worth individuals. It operates through 43 branch locations in the Chicago metropolitan area and one branch in Brookfield, Wisconsin. The company was formerly known as Metropolitan Bank Group, Inc. and changed its name to Byline Bancorp, Inc. in 2015. Byline Bancorp, Inc. was founded in 1914 and is headquartered in Chicago, Illinois.
How the Company Makes MoneyByline Bancorp generates revenue primarily through interest income earned on loans, which represent a significant component of its asset portfolio. The company extends various types of loans, including commercial and industrial loans, real estate loans, and consumer loans, charging interest on these products. Additionally, Byline earns non-interest income from fees associated with deposit accounts, treasury management services, and wealth management offerings. The bank also benefits from service charges on customer accounts and transaction fees. Strategic partnerships, such as those with fintech companies, enhance its service capabilities and customer reach, contributing to its revenue growth. Overall, Byline Bancorp's revenue model is diversified across interest and non-interest income streams, positioning it for sustainable profitability.
Byline Bancorp Earnings Call Summary
Earnings Call Date:Jul 24, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 23, 2025
Earnings Call Sentiment Positive
The earnings call highlighted Byline Bancorp's strong financial performance, successful acquisition integration, and recognition through awards. However, there were challenges such as a decline in noninterest income, increase in nonperforming loans, and higher credit costs. Overall, the positive aspects such as growth in revenue, loans, deposits, and improved efficiency metrics outweighed the negatives.Q2-2025 Updates
Positive Updates
Strong Financial Performance
Reported net income of $30 million or $0.66 per diluted share on revenue of $110 million. Excluding merger charges and other expenses, net income was $33.8 million or $0.75 per diluted share. Revenue growth was driven by a 9% increase in net interest income.
Successful Acquisition and Integration
Successfully closed the transaction with First Security, adding approximately $280 million in deposits and $153 million in loans. The integration was completed by the end of April.
Awards and Recognition
Received awards such as 2025 Chicago Sun-Times Best Workplaces and U.S. News & World Report’s 2025 Best Companies to Work For in multiple categories.
Growth in Loans and Deposits
Loans grew by $155 million or 9%, and deposits grew 6.4% quarter-on-quarter, excluding brokered deposits. Total deposits increased to $7.8 billion, up 13.7% annualized from the prior quarter.
Improved Efficiency Metrics
Efficiency ratio was excellent at 48.2% for the quarter, and cost-to-asset ratio came in at 228 basis points, down 18 basis points from the prior quarter.
Negative Updates
Decline in Noninterest Income
Noninterest income declined marginally due to a $2.1 million negative fair value mark on the servicing asset.
Increase in Nonperforming Loans
NPLs saw a 16 basis point uptick from last quarter, driven largely by lower resolution activity towards the end of the quarter.
Higher Credit Costs
Credit costs came in at $11.9 million, consisting of $7.7 million in net charge-offs and a net reserve build of $4.2 million. Net charge-offs were 43 basis points.
Company Guidance
During the second quarter of fiscal year 2025, Byline Bancorp reported strong financial performance with net income of $30 million, or $0.66 per diluted share, on revenue of $110 million. Excluding merger charges related to the acquisition of First Security and costs from a secondary offering, net income adjusted to $33.8 million, or $0.75 per diluted share. The company saw a 9% increase in net interest income, contributing to a net interest margin expansion of 11 basis points to 4.18%. Total revenue rose by 11% year-on-year to $110.5 million, supported by a 9% growth in net interest income. Operating expenses, excluding merger and offering charges, were well-managed at $54.7 million, leading to an efficiency ratio of 48.2% and a cost-to-asset ratio of 228 basis points. The balance sheet showed robust growth, with loans reaching $7.4 billion and deposits at $7.8 billion. The allowance for credit losses stood at 1.47% of total loans, reflecting a net reserve build of $4.2 million. The company also demonstrated strong capital management, with a CET1 ratio just under 12% and the repurchase of 418,000 shares, returning approximately $10 million to shareholders.Byline Bancorp Financial Statement Overview
Summary
Byline Bancorp's financial statements reflect challenges with declining revenue and cash flow growth, despite improvements in leverage management. The company faces potential risks in maintaining profitability and liquidity, necessitating strategic adjustments to enhance financial stability and growth.Income Statement
The income statement shows a significant decline in revenue growth rate at -42.77% TTM, indicating potential challenges in maintaining revenue streams. Gross profit margin has decreased over time, and net profit margin remains relatively stable but low. The EBIT and EBITDA margins have also shown a downward trend, reflecting reduced operational efficiency.45
Neutral
Balance Sheet
The balance sheet reveals a moderate debt-to-equity ratio of 0.47 TTM, which is an improvement from previous years, indicating better leverage management. However, the return on equity has slightly decreased, suggesting reduced profitability from shareholders' investments. The equity ratio is stable, reflecting a balanced asset structure.60
Neutral
Cash Flow
Cash flow analysis shows a decline in free cash flow growth at -18.03% TTM, indicating potential liquidity challenges. The operating cash flow to net income ratio is low, suggesting inefficiencies in converting income into cash. However, the free cash flow to net income ratio remains strong, indicating good cash generation relative to net income.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.10B | 621.42M | 534.27M | 9.57B | 316.14M | 293.52M |
| Gross Profit | 2.50B | 376.50M | 4.80B | 6.70B | 303.61M | 637.00M |
| EBITDA | 2.88B | 166.11M | 6.17B | 7.23B | 130.20M | -4.27B |
| Net Income | 118.98M | 120.76M | 107.88M | 87.95M | 92.78M | 37.47M |
Balance Sheet | ||||||
| Total Assets | 9.72B | 9.50B | 8.88B | 7.36B | 6.70B | 6.39B |
| Cash, Cash Equivalents and Short-Term Investments | 1.65B | 1.73B | 1.57B | 1.35B | 1.61B | 1.53B |
| Total Debt | 559.37M | 774.65M | 553.78M | 765.82M | 645.77M | 385.79M |
| Total Liabilities | 8.53B | 8.41B | 7.89B | 6.60B | 5.86B | 5.59B |
| Stockholders Equity | 1.19B | 1.09B | 990.15M | 765.82M | 836.38M | 805.46M |
Cash Flow | ||||||
| Free Cash Flow | 110.16M | 171.17M | 162.21M | 216.70M | 72.19M | 105.11M |
| Operating Cash Flow | 116.00M | 175.16M | 166.07M | 220.33M | 74.43M | 109.02M |
| Investing Cash Flow | -280.88M | -330.92M | -336.24M | -819.86M | -236.05M | -886.36M |
| Financing Cash Flow | -347.23M | 492.76M | 216.96M | 620.95M | 236.13M | 780.01M |
Byline Bancorp Technical Analysis
Neutral
28.27
Price Trends
27.79
Positive
27.06
Positive
27.33
Positive
Market Momentum
0.22
Positive
48.33
Neutral
41.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BY, the sentiment is Neutral. The current price of 28.27 is below the 20-day moving average (MA) of 28.87, above the 50-day MA of 27.79, and above the 200-day MA of 27.33, indicating a neutral trend. The MACD of 0.22 indicates Positive momentum. The RSI at 48.33 is Neutral, neither overbought nor oversold. The STOCH value of 41.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BY.
Byline Bancorp Risk Analysis
Byline Bancorp disclosed 34 risk factors in its most recent earnings report. Byline Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Byline Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | 1.32B | 11.73 | 11.41% | 0.31% | -0.76% | -1.60% | |
77 Outperform | 2.06B | 9.71 | 5.23% | 0.74% | 15.55% | 401.99% | |
74 Outperform | 1.28B | 11.73 | 10.22% | 2.39% | 8.97% | 27.79% | |
73 Outperform | 1.64B | 29.48 | 5.28% | 0.34% | 10.13% | -50.08% | |
73 Outperform | 1.33B | 36.16 | 2.08% | 3.29% | -3.08% | -45.24% | |
66 Neutral | $1.30B | 10.56 | 10.69% | 1.38% | 2.23% | -1.13% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
Performance Comparison
BY
Byline Bancorp
28.27
2.48
9.62%
DCOM
Dime Community Bancshares
30.36
3.32
12.28%
QCRH
QCR Holdings
77.95
5.30
7.30%
RBCAA
Republic Bancorp
73.63
11.07
17.70%
CNOB
ConnectOne Bancorp
25.14
1.50
6.35%
TFIN
Triumph Financial
51.82
-25.37
-32.87%
Byline Bancorp Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Byline Bancorp Completes $75M Subordinated Notes Placement
Positive
Aug 7, 2025
On August 7, 2025, Byline Bancorp, Inc. completed a private placement of $75.0 million in 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035. The proceeds will be used to redeem existing notes due in 2030, potentially optimizing the company’s capital structure and qualifying as Tier 2 capital for regulatory purposes. This strategic financial move is expected to enhance Byline’s financial flexibility and strengthen its market position.
Stock BuybackBusiness Operations and Strategy
Byline Bancorp Completes Major Share Sale and Repurchase
Neutral
Jun 12, 2025
On June 12, 2025, the Estate of Daniel L. Goodwin and Equity Shares Investors, LLC completed the sale of 4,282,210 shares of Byline Bancorp, Inc. common stock in a registered public offering. Byline Bancorp did not receive proceeds from this sale but repurchased 418,235 shares at $23.91 each under its stock repurchase program, with some directors purchasing shares worth $1.27 million, indicating strategic financial maneuvers and stakeholder involvement.
Shareholder Meetings
Byline Bancorp Holds Annual Stockholders Meeting
Neutral
Jun 5, 2025
Byline Bancorp, Inc. held its annual stockholders meeting on June 3, 2025, where approximately 84.07% of the company’s common stock was represented. During the meeting, stockholders elected ten directors for a one-year term, approved executive officer compensation on an advisory basis, and ratified Moss Adams LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.