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Jun 30, 2024
Byline Bancorp Q2 2024 Earnings Report
Reported strong second quarter results with solid earnings and profitability.
Key Takeaways
Byline Bancorp reported a net income of $29.7 million, or $0.68 diluted earnings per share, for the second quarter of 2024. The company saw an increase in net interest income and managed expenses effectively.
ROAA was 1.31% and PTPP ROAA was 2.03%.
Tangible book value per share increased to $18.84, up 8.1% year-over-year.
Net interest income reached $86.5 million, up 1.2% from the previous quarter.
Total loans and leases grew by $102.8 million, or 6.1% annualized.
Byline Bancorp
Byline Bancorp
Forward Guidance
This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company.