Byline Bancorp, Inc. - BY STOCK NEWS

Byline Bancorp, Inc. (NYSE: BY) will release its third quarter 2022 financial results after market close on October 27, 2022. A conference call and webcast will take place on October 28, 2022, at 9:00 a.m. Central Time to discuss the results. Analysts and investors will have the opportunity to participate in the Q&A session. Byline Bancorp operates Byline Bank, which manages about $7.1 billion in assets and is one of the top five SBA lenders in the U.S., serving small and medium-sized businesses primarily in Chicago and Milwaukee.

Byline Bancorp, Inc. (NYSE: BY) announced the appointment of Thomas J. Bell, III as Chief Financial Officer, effective August 15, 2022. He succeeds Lindsay Corby, who is leaving after nine years for a role outside the banking industry. Maria Sherylle A. Olano will also take on the title of Chief Accounting Officer. Both promotions highlight Byline's commitment to strong leadership and succession planning as the bank continues to grow. Byline Bancorp operates over 30 branches and has approximately $7.1 billion in assets, serving both businesses and consumers in Chicago and Milwaukee.

Byline Bancorp reported a net income of $20.3 million or $0.54 per diluted share for Q2 2022, down from $22.3 million in Q1 2022 and $28.5 million in Q2 2021. Total revenue reached $75.8 million, driven by net interest income of $61.6 million and non-interest income of $14.2 million. Loan and lease growth was strong at 34.2% annually, despite a slight dip in net interest margin to 3.76%. The company declared a $0.09 cash dividend per share, payable on August 23, 2022.

Byline Bancorp, Inc. (NYSE: BY) announced it will release its second quarter 2022 financial results on Thursday, July 28, 2022. Following this, a conference call and webcast are scheduled for 9:00 a.m. Central Time on Friday, July 29, 2022, allowing analysts and investors to engage in a Q&A session. Byline Bancorp is headquartered in Chicago and operates Byline Bank, which has assets of approximately $6.8 billion and serves small- and medium-sized businesses across the Chicago and Milwaukee areas.

Byline Bancorp reported net income of $22.3 million, or $0.58 per diluted share, for Q1 2022, an increase from $17.2 million in Q4 2021. Total revenue reached $78.2 million, with net interest income at $58.7 million, though it declined 4.8% from the previous quarter. The net interest margin was 3.81%. Non-interest income rose 2.2% to $19.4 million. The efficiency ratio improved to 54.96%. Additionally, the company redeemed all shares of its Series B Preferred Stock, totaling $10.6 million, and declared a cash dividend of $0.09 per share.

Byline Bancorp, Inc. (NYSE: BY) appointed Margarita Hugues Vélez to its Board of Directors and announced the retirement of Steven M. Rull effective at the upcoming Annual Meeting in June. Hugues Vélez brings significant experience in corporate law and innovation, expected to enhance the board's effectiveness during a transformational period for the banking industry. Rull, who served since 2016, is commended for his invaluable contributions to Byline. This leadership change may indicate a strategic shift as the company continues to adapt to industry changes.

Byline Bancorp (NYSE: BY) will release its Q1 2022 financial results after market close on April 28, 2022. A conference call with analysts and investors is scheduled for April 29, 2022, at 9:00 a.m. Central Time, to discuss these results. Participants can access the call by dialing 844-200-6205 with the passcode 864125. A replay will be available until May 13, 2022. Byline Bancorp operates over 40 branches and holds approximately $6.7 billion in assets, focusing on commercial and retail banking services.

Byline Bancorp reported a net income of $17.2 million, or $0.45 per diluted share, for Q4 2021, down from $25.3 million in Q3. Full-year net income was $92.8 million, representing $2.40 per diluted share. Total revenue for Q4 reached $80.7 million, with a net interest margin of 3.96%. The bank originated loans and leases increased by $425.9 million (11.6%) in 2021. Furthermore, Byline returned $40.3 million in capital to shareholders through dividends and repurchases. Plans include consolidating six branches in Q2 2022, with anticipated annualized cost savings of $5.3 million.

Byline Bancorp, Inc. (NYSE: BY) will announce its fourth quarter 2021 financial results post-market on January 27, 2022. A conference call is scheduled for January 28, 2022, at 9:00 a.m. CT, where management will discuss results and answer questions from analysts and investors. The call can be accessed via telephone or webcast, with replay options available through February 11, 2022. Byline Bancorp, headquartered in Chicago, operates over 40 branches and has approximately $6.7 billion in assets.