NYSE$BY

Byline Bancorp Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported solid performance driven by improved business activity, strong fee income and disciplined expense management

Byline Bancorp reported a net income of $13.1 million, or $0.34 per diluted share, for the third quarter of 2020. The results reflect solid performance in a challenging operating environment, driven by strong growth in pre-tax, pre-provision income due to improved business activity, strong fee income and disciplined expense management.

  • Net income of $13.1 million, or $0.34 per diluted share
  • Net interest margin of 3.60%, compared to 3.71% at June 30, 2020
  • Return on average assets of 0.81%
  • Efficiency ratio of 52.47%, lower by 123 basis points from the second quarter

Headline financials

Total Revenue

$75.8M

Previous: $72.6M+4.3%
EPS (adj)

$0.34

Previous: $0.41-17.1%
Efficiency Ratio

52.5%

No prior period
Net Interest Margin

3.6%

Previous: 4.6%-22.1%
Return on Average Assets

0.8%

No prior period
Capital Expenditures

-$4.15M

Previous: -$2.29M-81.1%
Free Cash Flow

$8.92M

Previous: $13.1M-31.6%
Net Income

$13.1M

Previous: $15.3M-14.8%
Operating Income

$65.9M

Previous: $51.2M+28.7%
Gross Profit

$75.8M

Previous: $72.6M+4.3%
Cash & Equivalents

$101M

Previous: $109M-7.1%
Total Assets

$6.5B

Previous: $5.44B+19.5%
Stock-Based Comp

$668K

Previous: $550K+21.5%

Revenue & EPS history

Byline Bancorp · Revenue · Quarterly

$75.8M

Q3 2020+4.3%vs Q3 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

Forward guidance

The Company announced the additional consolidation of 11 branch locations in order to better align spending with current customer behaviors and continue investing in digital capabilities and franchise. Looking forward, their focus remains on supporting new and existing customers, executing their strategy and growing the value of their franchise.

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 Q3 2020

Historical avgQ3 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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