Loading...
•
Mar 31, 2023
Byline Bancorp Q1 2023 Earnings Report
Reported solid financial results driven by diversified business model and prudent management.
Key Takeaways
Byline Bancorp reported a net income of $23.9 million, or $0.64 per diluted share, for Q1 2023. The company saw an increase in total deposits and loans, demonstrating resilience in a challenging operating environment.
Net income was $23.9 million, or $0.64 per diluted share.
Pre-tax pre-provision return on average assets was 2.32%.
Return on average assets was 1.32%, and return on average tangible common equity was 16.20%.
Net interest margin was 4.38%.
Byline Bancorp
Byline Bancorp
Forward Guidance
The company believes its diversified franchise and strong capital and liquidity position them well for the remainder of 2023.