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Dec 31, 2022
Byline Bancorp Q4 2022 Earnings Report
Reported net income for Q4 2022, driven by growth in net interest income supported by loan and deposit growth and the benefit of rising interest rates.
Key Takeaways
Byline Bancorp reported a net income of $24.4 million, or $0.65 per diluted share, for the fourth quarter of 2022. The increase in net interest income was primarily due to an increase in interest income and fees on loans and leases due to higher yields and growth in the originated loan and lease portfolio.
Net income of $24.4 million, or $0.65 per diluted share
Net interest margin of 4.39%; up 36 bps from the previous quarter
Pre-tax pre-provision return on average assets of 2.05%
Efficiency ratio of 55.53%
Byline Bancorp
Byline Bancorp
Forward Guidance
As we enter 2023, we remain committed to delivering on our purpose to support new and existing customers, executing our strategy, and growing the value of our franchise.”