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Sep 30, 2024
Byline Bancorp Q3 2024 Earnings Report
Reported net income of $30.3 million and $0.69 diluted earnings per share.
Key Takeaways
Byline Bancorp reported a net income of $30.3 million, with diluted earnings per share of $0.69 for the third quarter of 2024. The company's performance reflected strong momentum across the franchise, with net interest income expansion and solid deposit growth.
Announced definitive merger agreement with First Security Bancorp, Inc.
ROAA of 1.29% and PTPP ROAA of 2.02%
TBV per share of $20.21, up 7.3% LQ and 23.6% YoY
Common equity tier 1 of 11.35%, an increase of 51 bps
Forward Guidance
Byline is excited about the pending First Security Bancorp, Inc. transaction, which aligns with their long-term M&A strategy. They believe this merger strengthens their position in the market by adding a high-quality franchise with a strong core deposit base.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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