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Dec 31, 2023
Byline Bancorp Q4 2023 Earnings Report
Reported fourth quarter net income of $29.6 million and diluted earnings per share of $0.68.
Key Takeaways
Byline Bancorp reported a strong fourth quarter with a net income of $29.6 million, or $0.68 diluted earnings per share. The company experienced an increase in net interest income and positive operating leverage.
Net income increased by $20.1 million, or 22.9%.
Net interest income increased by $65.3 million, or 24.6%, with NIM up 31 bps to 4.31%.
Assets increased by $1.5 billion, driven by organic growth and the Inland acquisition.
Adjusted efficiency ratio of 48.64%.
Byline Bancorp
Byline Bancorp
Forward Guidance
Byline Bancorp enters 2024 on solid footing and with great momentum to continue growing the value of its franchise.