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Jun 30, 2022
Byline Bancorp Q2 2022 Earnings Report
Reported net income of $20.3 million, or $0.54 per diluted share, for the second quarter of 2022.
Key Takeaways
Byline Bancorp, Inc. reported net income of $20.3 million, or $0.54 per diluted share, for the second quarter of 2022. The company experienced healthy growth in its loan and lease portfolio, eclipsing $5.0 billion in loans and leases and surpassing $7.0 billion in total assets.
Net income of $20.3 million, or $0.54 per diluted share
Net interest income of $61.6 million and $14.2 million of non-interest income
Total revenue of $75.8 million
Originated loans and leases increased $425.1 million
Forward Guidance
Byline Bancorp faces an uncertain economic environment in the second half of the year but believes it is well-positioned due to strong liquidity and capital ratios, a diversified business mix, and a well-established risk management track record.
Positive Outlook
- Strong liquidity
- Strong capital ratios
- Diversified business mix
- Well-established risk management track record
- Strong growth in net interest income
Challenges Ahead
- Uncertain economic environment
- Increase of $3.4 million in loan servicing asset revaluation charges
- A decrease of $844,000 in net gains on sales of loans due to lower premiums on government guaranteed loan sales
- A decrease of $1.3 million in salaries and employee benefits primarily due to lower payroll taxes and higher deferred salary costs related to loan and lease originations
Historical Earnings Impact
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Avg. Return Before/After Earnings
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