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Byline Bancorp (BY)
:BY
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Byline Bancorp
(NYSE:BY)
Rating:77Outperform
Price Target:
$32.00
â–²(14.20%Upside)
Byline Bancorp (BY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.16B
Dividend Yield1.44%
Average Volume (3M)315.15K
Price to Earnings (P/E)10.4
Beta (1Y)0.99
Revenue Growth7.63%
EPS Growth-1.13%
CountryUS
Employees1,032
SectorFinancial
Sector Strength77
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.65
Shares Outstanding41,857,414
10 Day Avg. Volume218,816
30 Day Avg. Volume315,153
Financial Highlights & Ratios
PEG Ratio-5.71
Price to Book (P/B)1.08
Price to Sales (P/S)0.00
P/FCF Ratio8.69
Enterprise Value/Market Cap1.25
Enterprise Value/Revenue0.59
Enterprise Value/Gross Profit3.87
Enterprise Value/Ebitda2.21
Forecast
1Y Price Target
$32.33Price Target Upside15.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Byline Bancorp Business Overview & Revenue Model
Company DescriptionByline Bancorp, Inc. is a bank holding company headquartered in Chicago, Illinois. It operates through its subsidiary, Byline Bank, which provides a wide range of banking products and services to small and medium-sized businesses, commercial real estate developers, and consumers in the United States. The bank offers traditional retail banking services, including checking and savings accounts, personal and business loans, and treasury management solutions. Byline Bancorp is known for its community-focused approach and commitment to supporting local economic development.
How the Company Makes MoneyByline Bancorp primarily generates revenue through interest income from its lending activities, which include commercial loans, small business administration (SBA) loans, and consumer loans. The company earns interest on the loans it provides to businesses and individuals. Additionally, Byline earns fee income from various banking services, such as loan servicing fees, deposit account fees, and treasury management services. The bank also benefits from its SBA lending program, which often provides higher margins due to the guarantees provided by the U.S. government. Byline maintains significant partnerships with local businesses and community organizations, enhancing its ability to cross-sell products and deepen customer relationships, which further contributes to its profitability.
Byline Bancorp Earnings Call Summary
Earnings Call Date:Apr 24, 2025
(Q1-2025)
| % Change Since: 9.62%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Positive
The earnings call for Byline Bancorp highlighted strong financial performance, successful integration of a recent acquisition, and recognition from prestigious entities. However, it also noted challenges such as an uncertain economic environment and changes in personnel. While there are pressures on the SBA business, the company remains optimistic about future growth and stability.Q1-2025 Updates
Positive Updates
Strong Financial Performance
Byline Bancorp reported net income of $28.2 million or $0.64 per diluted share. Pre-tax pre-provision income was $47.3 million, marking the 10th consecutive quarter where this metric exceeded 200 basis points.
Loan and Deposit Growth
The company experienced excellent growth in both loans and deposits, which were up 8% and 5.1% respectively on a linked-quarter annualized basis.
Credit Rating Upgrade
Byline Bancorp's credit ratings were upgraded by Kroll, making it the only bank in its industry to receive an upgrade in the past 12 months.
Recognition and Awards
Byline was named one of America’s 100 Best Banks by Forbes and one of the Best Regional Banks by Newsweek.
Successful Integration of First Security
The transaction with First Security was closed and integrated within 207 days, setting up for a full quarter of results in the second quarter.
Negative Updates
Uncertain Economic Environment
The company noted a period of heightened uncertainty and volatility across markets, with mixed signals from macroeconomic indicators.
Loss of Key Personnel
The quarter saw the right-sizing of the government-guaranteed business, resulting in some long-standing employees leaving the company.
SBA Business Under Pressure
There was a decrease in non-interest income due to seasonality and lower gain on sale from the SBA business, with ongoing uncertainty about future volumes.
Company Guidance
In the first quarter of 2025, Byline Bancorp reported strong financial performance, with a net income of $28.2 million, translating to $0.64 per diluted share. The company's pre-tax pre-provision income was $47.3 million, maintaining a consistent pre-tax pre-provision ROA of 209 basis points for the tenth consecutive quarter. The net interest margin expanded to 407 basis points, supported by a decrease in the cost of interest-bearing liabilities. Total revenue reached $103 million, representing a 2% increase year-over-year. Loan originations were robust at $310 million, while the deposit base grew by 5.1% on a linked-quarter annualized basis. Asset quality improved, with non-performing loans decreasing to 76 basis points of total loans, and the allowance for credit losses remained at a strong 1.43%. Capital levels were healthy, with a CET1 ratio nearing 12%, and the company received a credit rating upgrade from Kroll. The acquisition of First Security was completed, and its integration was successful, setting the stage for solid performance in the subsequent quarters.Byline Bancorp Financial Statement Overview
Summary
Byline Bancorp shows strong profitability, solid operational efficiency, and commendable cash flow generation. However, attention is needed on revenue growth sustainability and rising liabilities.Income Statement
Byline Bancorp demonstrates strong profitability with consistent improvements in net profit margin, which increased from 12.76% in 2020 to 19.18% in TTM 2025. The revenue growth rate has been impressive, showing a steady upward trajectory with a notable increase of 74.25% from 2020 to 2024. The EBIT and EBITDA margins reflect solid operational efficiency, both maintaining healthy levels. However, the slight dip in total revenue between 2024 and TTM 2025 indicates a potential need for caution in maintaining revenue growth.85
Very Positive
Balance Sheet
The balance sheet of Byline Bancorp is robust, with an improving debt-to-equity ratio that decreased from 0.48 in 2020 to 0.64 in TTM 2025, indicating better leverage management. The return on equity (ROE) has strengthened, reflecting increased profitability relative to equity. The equity ratio has remained stable, underscoring a solid capital structure. However, the company should monitor its rising total liabilities to ensure financial stability.78
Positive
Cash Flow
Byline Bancorp's cash flow performance is commendable, with consistent growth in free cash flow, highlighted by a 27.95% increase from 2020 to 2024. The operating cash flow to net income ratio indicates strong cash generation capability relative to accounting profits. The free cash flow to net income ratio is healthy, signifying effective conversion of profits to cash. Nevertheless, the substantial investing cash outflows suggest a high level of reinvestment, which should be carefully managed to avoid liquidity constraints.83
Very Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 621.42M | 534.27M | 356.46M | 316.14M | 293.52M |
| Gross Profit | 376.50M | 353.28M | 296.35M | 303.61M | 212.59M |
| EBITDA | 166.11M | 150.21M | 118.97M | 130.20M | 58.15M |
| Net Income | 120.76M | 107.88M | 87.95M | 92.78M | 37.47M |
Balance Sheet | |||||
| Total Assets | 9.50B | 8.88B | 7.36B | 6.70B | 6.39B |
| Cash, Cash Equivalents and Short-Term Investments | 1.73B | 1.57B | 1.35B | 1.61B | 1.53B |
| Total Debt | 774.65M | 553.78M | 765.82M | 645.77M | 385.79M |
| Total Liabilities | 8.41B | 7.89B | 6.60B | 5.86B | 5.59B |
| Stockholders Equity | 1.09B | 990.15M | 765.82M | 836.38M | 805.46M |
Cash Flow | |||||
| Free Cash Flow | 171.17M | 162.21M | 216.70M | 72.19M | 105.11M |
| Operating Cash Flow | 173.76M | 166.07M | 220.33M | 74.43M | 109.02M |
| Investing Cash Flow | -330.92M | -336.24M | -819.86M | -236.05M | -886.36M |
| Financing Cash Flow | 492.76M | 216.96M | 620.95M | 236.13M | 780.01M |
Byline Bancorp Technical Analysis
Positive
28.02
Price Trends
26.65
Positive
26.26
Positive
27.49
Positive
Market Momentum
0.50
Positive
55.79
Neutral
48.86
Neutral
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 28.02 is above the 20-day moving average (MA) of 27.33, above the 50-day MA of 26.65, and above the 200-day MA of 27.49, indicating a bullish trend. The MACD of 0.50 indicates Positive momentum. The RSI at 55.79 is Neutral, neither overbought nor oversold. The STOCH value of 48.86 is Neutral, 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 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 1 New Risks
1.
There is uncertainty surrounding the potential legal, regulatory and policy changes by the presidential administration in the United States that may directly affect financial institutions and the global economy. Q4, 2024
Byline Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.16B | 10.41 | 11.08% | 1.44% | 7.63% | -1.13% | |
76 Outperform | $1.21B | 10.74 | 9.69% | 2.75% | 17.96% | 399.48% | |
76 Outperform | $1.25B | 11.30 | 11.70% | 0.33% | 4.17% | -0.91% | |
76 Outperform | $1.29B | 12.57 | 12.34% | 2.43% | 9.00% | 27.47% | |
76 Outperform | $1.45B | 24.37 | 6.10% | 0.37% | 12.30% | -41.81% | |
67 Neutral | $1.25B | 45.42 | 2.45% | 3.50% | -2.81% | -64.24% | |
64 Neutral | $6.61B | 11.16 | 7.19% | 5.25% | 24.10% | 5.12% |
* Financial Sector Average
Performance Comparison
BY
Byline Bancorp
27.73
0.53
1.95%
BHLB
Berkshire Hills
26.42
-0.23
-0.86%
DCOM
Dime Community Bancshares
28.80
5.73
24.84%
QCRH
QCR Holdings
75.14
7.23
10.65%
RBCAA
Republic Bancorp
75.68
15.72
26.22%
LOB
Live Oak Bancshares
31.74
-10.36
-24.61%
Byline Bancorp Corporate Events
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.
The most recent analyst rating on (BY) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on Byline Bancorp stock, see the BY Stock Forecast page.
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.
The most recent analyst rating on (BY) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Byline Bancorp stock, see the BY Stock Forecast page.
Private Placements and Financing
Byline Bancorp Renews $15M Credit Line with CIBC
Neutral
May 27, 2025
Byline Bancorp, Inc. has entered into a series of amendments to its Term Loan and Revolving Credit Agreement with CIBC Bank USA. The latest amendment, effective May 25, 2025, renews a $15 million revolving line of credit and extends its maturity to May 24, 2026, reflecting the company’s ongoing efforts to maintain financial flexibility.
The most recent analyst rating on (BY) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on Byline Bancorp stock, see the BY Stock Forecast page.
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.