NYSE$BY

Byline Bancorp Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported net income for Q4 2022, driven by growth in net interest income supported by loan and deposit growth and the benefit of rising interest rates.

Byline Bancorp reported a net income of $24.4 million, or $0.65 per diluted share, for the fourth quarter of 2022. The increase in net interest income was primarily due to an increase in interest income and fees on loans and leases due to higher yields and growth in the originated loan and lease portfolio.

  • Net income of $24.4 million, or $0.65 per diluted share
  • Net interest margin of 4.39%; up 36 bps from the previous quarter
  • Pre-tax pre-provision return on average assets of 2.05%
  • Efficiency ratio of 55.53%

Headline financials

Total Revenue

$88.1M

Previous: $80.7M+9.1%
EPS (adj)

$0.67

Previous: $0.69-2.9%
Efficiency Ratio

55.5%

Previous: 70.9%-21.7%
Net Interest Margin

4.4%

Previous: 4.0%+10.9%
Return on Average Assets

1.3%

Previous: 1.0%+30.4%
Pre-Tax Pre-Provision Return on Average Assets

2.0%

No prior period
Capital Expenditures

$304K

Previous: $474K-35.9%
Free Cash Flow

$34.4M

Previous: $27.9M+23.5%
Net Income

$24.4M

Previous: $17.2M+41.8%
Operating Income

$31.7M

Previous: $23.1M+37.6%
Cash & Equivalents

$179M

Previous: $158M+13.6%
Total Assets

$7.36B

Previous: $6.7B+10.0%
Stock-Based Comp

$1.32M

Previous: $1.08M+21.9%

Revenue & EPS history

Byline Bancorp · Revenue · Quarterly

$88.1M

Q4 2022+9.1%vs Q4 2021
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

As we enter 2023, we remain committed to delivering on our purpose to support new and existing customers, executing our strategy, and growing the value of our 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 Q4 2022

Historical avgQ4 2022

+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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