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Byline Bancorp
(NYSE:BY)
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Rating:75Outperform
Price Target:
$42.00
▲(8.81% Upside)
Action:Reiterated
Date:07/24/26
BY scores well primarily on strong operating performance and profitability trends (despite some margin compression) and a constructive technical uptrend with positive momentum. A reasonable valuation (P/E ~11.3) and a positive earnings-call backdrop (record results, higher dividend, buybacks, strong capital) support the rating, while softer TTM cash-flow momentum and funding/expense pressures temper the overall score.
Positive Factors
Sustained Revenue & Profitability
Multi-year revenue expansion and steadily rising net income show durable franchise momentum. Consistent top-line growth supports scale benefits across commercial lending, treasury and fee businesses, enabling sustained profitability even if margins moderate, and underpins long-term capital generation.
Negative Factors
Net Interest Margin Pressure
Compression in NIM reflects structural mix shifts and higher funding costs; management now targets NII dollars over margin percent. Persistently tighter spreads would constrain core earnings power and require either faster balance-sheet growth or fee diversification to sustain returns over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue & Profitability
Multi-year revenue expansion and steadily rising net income show durable franchise momentum. Consistent top-line growth supports scale benefits across commercial lending, treasury and fee businesses, enabling sustained profitability even if margins moderate, and underpins long-term capital generation.
Read all positive factors
Byline Bancorp (BY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.78B
Dividend Yield1.12%
Average Volume (3M)203.18K
Price to Earnings (P/E)11.8
Beta (1Y)0.87
Revenue Growth2.88%
EPS Growth23.43%
CountryUS
Employees1,018
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.33
Shares Outstanding45,409,260
10 Day Avg. Volume223,252
30 Day Avg. Volume203,180
Financial Highlights & Ratios
PEG Ratio2.33
Price to Book (P/B)1.03
Price to Sales (P/S)2.08
P/FCF Ratio9.59
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$42.33Price Target Upside9.67% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)3.37
Revenue Forecast (FY)$466.11M
Byline Bancorp Business Overview & Revenue Model
Company Description
Byline 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....
How the Company Makes Money
Byline Bancorp makes money primarily through its banking operations. The largest earnings driver is net interest income: the bank earns interest and fees on loans and other interest-earning assets (e.g., commercial loans, commercial real estate lo...
Byline Bancorp Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive tone driven by record earnings, improved profitability and efficiency, strong capital metrics, shareholder-friendly actions (dividend increase and buybacks), and favorable credit trends. Challenges were acknowledged — modest margin pressure, elevated deposit competition, payoff volatility affecting near-term loan growth, and higher expense guidance in H2 — but management framed these as manageable within a disciplined strategy emphasizing capital flexibility and selective growth. Overall the highlights materially outweigh the lowlights.Positive Updates
Record Net Income and EPS Growth
Net income of $40.2 million ( $0.90 diluted) for Q2, up from $37.6 million ($0.83) in the prior quarter. Adjusted EPS of $0.91, up 10% linked-quarter and 21% year-over-year.
Negative Updates
Net Interest Margin Pressure
Net interest margin declined to 4.28%, down 5 basis points quarter-over-quarter driven by mix changes and higher funding costs (including a maturing balance sheet hedge). Management focuses on growing NII in dollars rather than targeting margin levels.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Net Income and EPS Growth
Net income of $40.2 million ( $0.90 diluted) for Q2, up from $37.6 million ($0.83) in the prior quarter. Adjusted EPS of $0.91, up 10% linked-quarter and 21% year-over-year.
Read all positive updates
Company Guidance
Management's guidance emphasized disciplined, mid‑single‑digit full‑year loan growth (assuming payoff normalization) and a Q3 outlook of $100–$102M net interest income and $14–$15M noninterest income (with gain‑on‑sale revenue expected to average ~$5.5M/quarter); they kept noninterest expense guidance at $59–$60M per quarter, reiterated focus on growing NII dollars rather than a target margin (Q2 NIM 4.28%), noted rate sensitivity of roughly +$2.1M in net income per 25bp hike (−$1.6M per 25bp cut), said purchase‑accounting accretion is now under $1M/quarter, expect an effective tax rate near 25.5%, and see near‑term credit costs in the ~30–40 bps range with an allowance around 1.48% of loans; capital and liquidity remain ample (assets ~$9.9B, loans $7.6B, deposits $7.9B, L/D ~96%, TCE ~11.4%/CET1 ~13%), enabling a 16.7% dividend increase to $0.14, opportunistic buybacks (Q2 repurchases ~$9.1M), and continued preparation for crossing the $10B threshold.Byline Bancorp Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 635.97M | 629.49M | 621.42M | 532.47M | 356.46M | 316.14M |
| Gross Profit | 441.03M | 416.22M | 376.50M | 351.96M | 296.35M | 302.63M |
| EBITDA | 214.06M | 187.86M | 166.11M | 150.21M | 118.97M | 130.20M |
| Net Income | 149.48M | 130.05M | 120.76M | 107.88M | 87.95M | 92.78M |
Balance Sheet | ||||||
| Total Assets | 9.93B | 9.65B | 9.50B | 8.88B | 7.36B | 6.70B |
| Cash, Cash Equivalents and Short-Term Investments | 1.69B | 1.47B | 1.73B | 1.57B | 1.35B | 1.61B |
| Total Debt | 606.23M | 564.95M | 774.65M | 553.78M | 765.82M | 645.77M |
| Total Liabilities | 8.63B | 8.38B | 8.41B | 7.89B | 6.60B | 5.86B |
| Stockholders Equity | 1.30B | 1.27B | 1.09B | 990.15M | 765.82M | 836.38M |
Cash Flow | ||||||
| Free Cash Flow | 150.19M | 136.32M | 171.17M | 162.21M | 216.70M | 72.19M |
| Operating Cash Flow | 151.54M | 140.32M | 175.16M | 166.07M | 220.33M | 74.43M |
| Investing Cash Flow | -218.94M | -223.59M | -330.92M | -336.24M | -819.86M | -236.05M |
| Financing Cash Flow | 47.41M | -330.77M | 492.76M | 216.96M | 620.95M | 236.13M |
Byline Bancorp Technical Analysis
Positive
38.60
Price Trends
36.25
Positive
34.14
Positive
31.82
Positive
Market Momentum
0.89
Negative
73.10
Negative
87.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BY, the sentiment is Positive. The current price of 38.6 is above the 20-day moving average (MA) of 38.11, above the 50-day MA of 36.25, and above the 200-day MA of 31.82, indicating a bullish trend. The MACD of 0.89 indicates Negative momentum. The RSI at 73.10 is Negative, neither overbought nor oversold. The STOCH value of 87.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BY.
Byline Bancorp Risk Analysis
Byline Bancorp disclosed 36 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.74B | 15.31 | 11.44% | 2.02% | -2.70% | 2.61% | |
77 Outperform | $1.66B | 9.75 | 10.11% | 2.27% | 44.64% | 252.85% | |
75 Outperform | $1.78B | 11.79 | 11.75% | 1.14% | 2.88% | 23.43% | |
73 Outperform | $1.80B | 14.66 | 8.67% | 2.53% | 14.80% | 226.31% | |
72 Outperform | $1.70B | 12.11 | 12.70% | 0.28% | 6.17% | 27.24% | |
68 Neutral | $1.81B | 51.30 | 4.09% | ― | 9.21% | 234.88% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
BY
Byline Bancorp
39.75
14.48
57.33%
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Byline Bancorp Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Byline Bancorp Shareholders Back Governance and Incentive Plans
Positive
Jun 3, 2026
Byline Bancorp, Inc. held its annual meeting of stockholders on June 2, 2026, with approximately 84.68% of outstanding common shares represented, and shareholders elected ten directors to one-year terms ending at the 2027 annual meeting. Investors...
Business Operations and StrategyPrivate Placements and Financing
Byline Bancorp Renews $15 Million Revolving Credit Facility
Positive
May 22, 2026
Byline Bancorp, Inc. has maintained and periodically extended its revolving credit arrangements with CIBC Bank USA under a Second Amended and Restated Term Loan and Revolving Credit Agreement first noted on May 26, 2023. On May 24, 2024, the compa...
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.