NYSE$BY

Byline Bancorp Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported net income of $30.3 million and $0.69 diluted earnings per share.

Byline Bancorp reported a net income of $30.3 million, with diluted earnings per share of $0.69 for the third quarter of 2024. The company's performance reflected strong momentum across the franchise, with net interest income expansion and solid deposit growth.

  • Announced definitive merger agreement with First Security Bancorp, Inc.
  • ROAA of 1.29% and PTPP ROAA of 2.02%
  • TBV per share of $20.21, up 7.3% LQ and 23.6% YoY
  • Common equity tier 1 of 11.35%, an increase of 51 bps

Headline financials

Total Revenue

$102M

Previous: $105M-2.9%
EPS

$0.69

Previous: $0.77-10.4%
Efficiency Ratio

52.0%

Previous: 53.8%-3.2%
Net Interest Margin

3.9%

Previous: 4.5%-13.0%
Return on Average Assets

1.3%

Previous: 1.3%-0.8%
Capital Expenditures

-$1.89M

Previous: -$2.86M+33.8%
Free Cash Flow

$28.4M

Previous: $25.4M+12.1%
Net Income

$30.3M

Previous: $28.2M+7.5%
Operating Income

$25.7M

Previous: $42.2M-39.1%
Gross Profit

$94.4M

Previous: $96M-1.7%
Cash & Equivalents

$453M

Previous: $429M+5.5%
Total Assets

$9.42B

Previous: $8.94B+5.4%
Stock-Based Comp

$1.9M

Previous: $1.71M+11.1%

Revenue & EPS history

Byline Bancorp · Revenue · Quarterly

$102M

Q3 2024-2.9%vs Q3 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

Byline is excited about the pending First Security Bancorp, Inc. transaction, which aligns with their long-term M&A strategy. They believe this merger strengthens their position in the market by adding a high-quality franchise with a strong core deposit base.

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 2024

Historical avgQ3 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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