NYSE$BY

Byline Bancorp Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported solid financial performance driven by Paycheck Protection Program participation and strong growth in loans and deposits.

Byline Bancorp reported a net income of $9.1 million, or $0.24 per diluted share, for the second quarter of 2020. The company actively participated in the Paycheck Protection Program, helping over 3,600 small businesses access approximately $627 million in funding, which drove strong growth in both loans and deposits during the quarter.

  • Net income of $9.1 million, or $0.24 per diluted share
  • Originated loans and leases increased $610.9 million, or 20.5%, from March 31, 2020
  • Originated $734.0 million in loans of which $626.8 million were under the Paycheck Protection Program (“PPP”)
  • Completed a public offering of $50.0 million aggregate principal amount of 6.00% fixed-to-floating rate subordinated notes due 2030

Headline financials

Total Revenue

$65.4M

Previous: $68.6M-4.7%
EPS (adj)

$0.24

Previous: $0.41-41.5%
Efficiency Ratio

53.7%

No prior period
Net Interest Margin

3.7%

No prior period
Return on Average Assets

0.6%

No prior period
Capital Expenditures

-$3.4M

Previous: -$1.41M-140.7%
Free Cash Flow

$5.74M

Previous: $11.8M-51.4%
Net Income

$9.14M

Previous: $13.2M-30.8%
Operating Income

$55.1M

Previous: $47.3M+16.3%
Gross Profit

$65.4M

Previous: $68.6M-4.7%
Cash & Equivalents

$140M

Previous: $89.3M+56.7%
Total Assets

$6.39B

Previous: $5.39B+18.6%
Stock-Based Comp

$735K

Previous: $278K+164.4%

Revenue & EPS history

Byline Bancorp · Revenue · Quarterly

$65.4M

Q2 2020-4.7%vs Q2 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

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

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

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 Q2 2020

Historical avgQ2 2020

+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%

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