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Dec 31, 2024
Byline Bancorp Q4 2024 Earnings Report
Reported net income for the fourth quarter and full year, with diluted earnings per share.
Key Takeaways
Byline Bancorp reported a net income of $30.3 million for the fourth quarter of 2024, resulting in $0.69 diluted earnings per share. The company's net interest income increased to $88.524 million, and total assets reached $9.5 billion.
Net income increased by $12.9 million, or 11.9% compared to the prior year.
Net interest income was up by $17.4 million, or 5.3%, with a NIM of 3.97%.
Total assets increased by $614.6 million, or 6.9%, reaching $9.5 billion.
Tangible book value per share increased by 11.7%, reaching $20.09.
Byline Bancorp
Byline Bancorp
Forward Guidance
Byline Bancorp is committed to advancing its strategy, strengthening its franchise, and creating lasting value for its stockholders as it enters 2025. They are well positioned to support continued growth due to strong earnings and profitability.
Positive Outlook
- Deliver record full-year financial results
- Add new banking talent
- Attract new commercial customers to the Bank
- Execute M&A strategy with pending acquisition of First Security Bancorp, Inc.
- Commitment to driving long-term value