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Jun 30, 2023
Byline Bancorp Q2 2023 Earnings Report
Reported solid results with record earnings, strong profitability, balanced deposit and loan growth, and solid credit quality.
Key Takeaways
Byline Bancorp reported a net income of $26.1 million, or $0.70 per diluted share, for Q2 2023. The company's total assets reached $7.6 billion, and it completed the acquisition of Inland Bancorp, solidifying its position as Chicago's largest community bank.
Net income of $26.1 million, or $0.70 per diluted share.
Pre-tax pre-provision return on average assets of 2.23%.
Return on average assets of 1.41%; Return on average tangible common equity of 16.78%.
Net interest margin of 4.32%.
Byline Bancorp
Byline Bancorp
Forward Guidance
No specific forward guidance was provided in the earnings report.