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Sep 30, 2021
Byline Bancorp Q3 2021 Earnings Report
Reported strong third quarter results with robust balance sheet growth.
Key Takeaways
Byline Bancorp, Inc. reported net income of $25.3 million, or $0.66 per diluted share, for the third quarter of 2021. The results were supported by continued momentum across Byline's businesses resulting in loan and lease growth, strong inflows of commercial noninterest-bearing deposits, and higher net interest income.
Net income of $25.3 million, or $0.66 per diluted share
Net interest margin of 3.91%
Return on average assets of 1.53%, as adjusted 1.59%
Efficiency ratio of 54.18%
Forward Guidance
Byline Bancorp remains optimistic about its opportunities to execute on its strategy in the future to further enhance the value of its franchise.
Positive Outlook
- Continued growth of the business
- Healthy loan pipeline
- Solid loan and lease growth
- Net interest margin expansion
- Continued economic improvement
Challenges Ahead
- The COVID-19 pandemic is adversely affecting Byline Bancorp, its employees, customers, counterparties and third-party service providers
- Deterioration in general business and economic conditions, including increases in unemployment rates or turbulence in U.S. or global financial markets, could adversely affect revenues and the values of assets and liabilities
- A tightening of credit and further increase stock price volatility
- Changes to statutes, regulations, or regulatory policies or practices as a result of, or in response to COVID-19, could affect Byline Bancorp in substantial and unpredictable ways
Historical Earnings Impact
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Avg. Return Before/After Earnings
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