NYSE$BY

Byline Bancorp Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong third quarter results with robust balance sheet growth.

Byline Bancorp, Inc. reported net income of $25.3 million, or $0.66 per diluted share, for the third quarter of 2021. The results were supported by continued momentum across Byline's businesses resulting in loan and lease growth, strong inflows of commercial noninterest-bearing deposits, and higher net interest income.

  • Net income of $25.3 million, or $0.66 per diluted share
  • Net interest margin of 3.91%
  • Return on average assets of 1.53%, as adjusted 1.59%
  • Efficiency ratio of 54.18%

Headline financials

Total Revenue

$78.3M

Previous: $75.8M+3.4%
EPS (adj)

$0.69

Previous: $0.34+102.9%
Efficiency Ratio

54.2%

Previous: 52.5%+3.3%
Net Interest Margin

3.9%

Previous: 3.6%+8.6%
Return on Average Assets

1.5%

Previous: 0.8%+88.9%
Capital Expenditures

-$1.76M

Previous: -$4.15M+57.5%
Free Cash Flow

$23.5M

Previous: $8.92M+163.9%
Net Income

$25.3M

Previous: $13.1M+93.6%
Operating Income

$61.7M

Previous: $65.9M-6.4%
Gross Profit

$78.3M

Previous: $75.8M+3.4%
Cash & Equivalents

$143M

Previous: $101M+41.4%
Total Assets

$6.7B

Previous: $6.5B+3.2%
Stock-Based Comp

$1.08M

Previous: $668K+61.7%

Revenue & EPS history

Byline Bancorp · Revenue · Quarterly

$78.3M

Q3 2021+3.4%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
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

Byline Bancorp remains optimistic about its opportunities to execute on its strategy in the future to further enhance the value of its franchise.

Tailwinds

  • Continued growth of the business
  • Healthy loan pipeline
  • Solid loan and lease growth
  • Net interest margin expansion
  • Continued economic improvement

Headwinds

  • The COVID-19 pandemic is adversely affecting Byline Bancorp, its employees, customers, counterparties and third-party service providers
  • Deterioration in general business and economic conditions, including increases in unemployment rates or turbulence in U.S. or global financial markets, could adversely affect revenues and the values of assets and liabilities
  • A tightening of credit and further increase stock price volatility
  • Changes to statutes, regulations, or regulatory policies or practices as a result of, or in response to COVID-19, could affect Byline Bancorp in substantial and unpredictable ways
  • No representations, warranties or guarantees are or will be made by Byline Bancorp as to the reliability, accuracy or completeness of any forward-looking statements

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 2021

Historical avgQ3 2021

+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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