NYSE$BY

Byline Bancorp Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Byline Bancorp reported Q3 2023 financial results with net income of $28.2 million and diluted earnings per share of $0.65.

Byline Bancorp reported a net income of $28.2 million, or $0.65 diluted earnings per share, for the third quarter of 2023. The company completed the acquisition and integration of Inland Bancorp, Inc. and was the top Illinois SBA 7(a) lender for the 15th consecutive year. NIM expanded 14 bps.

  • Completed the acquisition and integration of Inland Bancorp, Inc.
  • Top Illinois SBA 7(a) lender for 15th consecutive year
  • NIM expanded 14 bps
  • Adjusted efficiency ratio of 47.35%

Headline financials

Total Revenue

$105M

Previous: $80.9M+29.6%
EPS (adj)

$0.77

Previous: $0.61+26.2%
Efficiency Ratio

53.8%

Previous: 55.1%-2.5%
Net Interest Margin

4.5%

Previous: 4.0%+10.4%
Return on Average Assets

1.3%

Previous: 1.3%+3.2%
Capital Expenditures

-$2.86M

Previous: -$3.33M+14.2%
Free Cash Flow

$25.4M

Previous: $19.3M+31.2%
Net Income

$28.2M

Previous: $22.7M+24.6%
Operating Income

$42.2M

Previous: $62.7M-32.6%
Gross Profit

$96M

Previous: $80.9M+18.7%
Cash & Equivalents

$429M

Previous: $216M+98.3%
Total Assets

$8.94B

Previous: $7.28B+22.9%
Stock-Based Comp

$1.71M

Previous: $1.2M+42.2%

Revenue & EPS history

Byline Bancorp · Revenue · Quarterly

$105M

Q3 2023+29.6%vs Q3 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

Byline Bancorp sees opportunities to leverage its products and services and deliver enhanced stockholder value for years to come.

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 2023

Historical avgQ3 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%

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