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Byline Bancorp Inc (BY)
NYSE:BY
Holding BY?
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.61Last Year’s EPS
$0.73Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 10.48%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Byline Bancorp's strong financial performance, strategic growth through mergers, and recognition for workplace excellence. However, there are some challenges with margin pressure and increased provision expenses. Overall, the call reflects a positive outlook with strategic initiatives to drive future growth.Company Guidance
During Byline Bancorp's Q3 2024 earnings call, the company provided robust financial guidance, highlighting several key metrics. Byline reported net income of $30.3 million, or $0.69 per diluted share, with revenue totaling $102 million. The quarter's return on assets (ROA) was 129 basis points, and the return on tangible common equity (ROTCE) was 14.5%. Notably, the company achieved a pre-tax preparation income of $47.5 million, resulting in a pre-tax preparation ROA of 202 basis points, marking the eighth consecutive quarter this metric exceeded 200 basis points. The efficiency ratio stood at 52%, with total deposits growing to $7.5 billion, a 151 million increase from the previous quarter. The net interest margin was 3.89%, with a 10 basis point decline from Q2, attributed to higher cash balances and lower accretion. Additionally, the loan-to-deposit ratio improved to 92%, a 319 basis point decrease year-over-year, and the allowance for credit losses remained strong at 1.44% of total loans.Strong Profitability and Performance
Byline Bancorp reported a net income of $30.3 million or $0.69 per diluted share on revenue of $102 million. ROA was at 129 basis points and ROTCE at 14.5%. The company set a new record for pre-tax preparation income at $47.5 million, marking the 8th consecutive quarter of that metric exceeding 200 basis points.
Strategic Merger Announcement
Announced a merger with First Security Bancorp, adding $355 million in assets, $201 million in loans, and $323 million in deposits, with 96% considered core. The transaction is expected to be financially attractive with minimal tangible book value dilution and a short earn-back period.
Deposit Growth and Improved Loan-to-Deposit Ratio
Total deposits increased by $151 million or 8.2% annualized from the second quarter. The loan-to-deposit ratio improved to 92%, down 319 basis points year-over-year.
Recognition and Awards
Byline Bancorp received several workplace awards, including Chicago's Best Workplaces for 2024 and Best Workplaces in Illinois, demonstrating strong employee satisfaction and culture.
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BY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $26.45 | $26.78 | +1.25% |
| Jul 25, 2024 | $28.52 | $28.92 | +1.40% |
| Apr 25, 2024 | $20.85 | $21.54 | +3.31% |
| Jan 25, 2024 | $22.96 | $22.15 | -3.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Byline Bancorp Inc (BY) report earnings?
Byline Bancorp Inc (BY) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Byline Bancorp Inc (BY) earnings time?
Byline Bancorp Inc (BY) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BY EPS forecast?
BY EPS forecast for the fiscal quarter 2024 (Q4) is $0.61.
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