NYSE$BY

Byline Bancorp Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported solid financial results driven by diversified business model and prudent management.

Byline Bancorp reported a net income of $23.9 million, or $0.64 per diluted share, for Q1 2023. The company saw an increase in total deposits and loans, demonstrating resilience in a challenging operating environment.

  • Net income was $23.9 million, or $0.64 per diluted share.
  • Pre-tax pre-provision return on average assets was 2.32%.
  • Return on average assets was 1.32%, and return on average tangible common equity was 16.20%.
  • Net interest margin was 4.38%.

Headline financials

Total Revenue

$90.9M

Previous: $78.2M+16.2%
EPS (adj)

$0.65

Previous: $0.58+12.1%
Efficiency Ratio

52.1%

Previous: 55.0%-5.2%
Net Interest Margin

4.4%

Previous: 3.8%+15.0%
Capital Expenditures

-$281K

Previous: -$926K+69.7%
Free Cash Flow

$23.7M

Previous: $21.4M+10.7%
Net Income

$23.9M

Previous: $22.3M+7.3%
Operating Income

$55.8M

Previous: $69M-19.1%
Gross Profit

$81M

Previous: $78.2M+3.7%
Cash & Equivalents

$284M

Previous: $154M+85.1%
Total Assets

$7.53B

Previous: $6.83B+10.2%
Stock-Based Comp

$1.51M

Previous: $1.26M+19.5%

Revenue & EPS history

Byline Bancorp · Revenue · Quarterly

$90.9M

Q1 2023+16.2%vs Q1 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Byline Bancorp · $80.7M total across 2 segments · Q4 2021

  • Net Interest Income
    $61.7M
  • Non-Interest Income
    $19M

Forward guidance

The company believes its diversified franchise and strong capital and liquidity position them well for the remainder of 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.9%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+3.3%

Avg return

30 days after

62%

26 / 42 earnings

Positive

+9.3%

Q4 2020

Best reaction

-14.7%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%-2.0%-0.4%
Q4 2025-2.7%-2.3%+4.5%
Q3 2025+5.7%+1.1%+3.6%
Q2 2025-1.6%+0.8%+5.6%
Q1 2025-0.2%-0.5%+0.8%
Q4 2024+3.1%+3.5%+2.3%
Q3 2024+0.5%+2.6%+19.5%
Q2 2024+2.8%-1.2%-2.1%
Q1 2024+1.6%+1.1%+8.6%
Q4 2023-3.9%-3.5%-9.7%
Q3 2023+0.5%+1.9%+10.0%
Q2 2023+7.7%+5.5%+1.1%
Q1 2023+1.6%-5.1%-4.4%
Q4 2022+6.8%+9.3%+9.0%
Q3 2022+2.6%+0.5%-1.8%
Q2 2022-3.5%-9.7%-11.3%
Q1 2022+0.9%+2.2%+6.9%
Q4 2021-4.3%-2.9%-0.7%
Q3 2021+4.7%+6.5%+8.0%
Q2 2021+7.1%+5.2%+11.5%
Q1 2021+4.0%+5.8%+5.7%
Q4 2020+9.3%+14.7%+35.5%
Q3 2020+3.5%-0.1%+11.0%
Q2 2020+7.3%+6.7%-1.7%
Q1 2020-14.7%-18.1%-7.0%
Q4 2019-1.3%-1.4%-5.1%
Q3 2019-3.2%-3.6%+1.5%
Q2 2019-1.6%+0.2%-10.9%
Q1 2019+1.2%+2.6%-1.8%
Q4 2018+1.9%+6.1%+15.7%
Q3 2018+6.7%+14.1%+8.8%
Q2 2018+0.2%+0.4%+7.2%
Q1 2017-0.6%+2.6%+3.2%
Q1 2018-5.9%-5.9%-2.9%
Q4 2015-1.7%+0.3%-6.1%
Q4 2017+0.9%+0.8%+1.9%
Q3 2016-0.9%-0.6%+7.9%
Q3 2017-2.0%-2.6%-4.1%
Q2 2016+2.3%+2.1%+6.0%
Q1 2016+2.3%+2.1%+6.0%
Q4 2016+2.3%+2.1%+6.0%
Q2 2017-0.7%-2.6%+2.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro