NYSE$BY

Byline Bancorp Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported strong second quarter results with solid earnings and profitability.

Byline Bancorp reported a net income of $29.7 million, or $0.68 diluted earnings per share, for the second quarter of 2024. The company saw an increase in net interest income and managed expenses effectively.

  • ROAA was 1.31% and PTPP ROAA was 2.03%.
  • Tangible book value per share increased to $18.84, up 8.1% year-over-year.
  • Net interest income reached $86.5 million, up 1.2% from the previous quarter.
  • Total loans and leases grew by $102.8 million, or 6.1% annualized.

Headline financials

Total Revenue

$99.4M

Previous: $90.5M+9.9%
EPS

$0.68

Previous: $0.73-6.8%
Return on Average Stockholders' Equity

11.8%

No prior period
Efficiency Ratio

52.2%

Previous: 52.9%-1.4%
Net Interest Margin

4.0%

Previous: 4.3%-7.9%
Return on Average Assets

1.3%

No prior period
Capital Expenditures

-$1.24M

Previous: -$1.54M+19.2%
Free Cash Flow

$28.4M

Previous: $24.6M+15.7%
Net Income

$29.7M

Previous: $26.1M+13.7%
Operating Income

$33.2M

Previous: $48.9M-32.0%
Gross Profit

$92.5M

Previous: $84.7M+9.2%
Cash & Equivalents

$730M

Previous: $320M+128.1%
Total Assets

$9.63B

Previous: $7.58B+27.2%
Stock-Based Comp

$1.84M

Previous: $1.71M+7.9%

Revenue & EPS history

Byline Bancorp · Revenue · Quarterly

$99.4M

Q2 2024+9.9%vs Q2 2023
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

This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company.

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 2024

Historical avgQ2 2024

+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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