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BYLINE BANCORP, INC.

CIK:0001702750|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
INTEREST AND DIVIDEND INCOME
Interest and fees on loans and leases	$ 127,524	$ 128,199	$ 253,474	$ 249,429
Interest on securities	14,426	13,907	28,015	26,034
Other interest and dividend income	2,356	2,433	4,473	3,931
Total interest and dividend income	144,306	144,539	285,962	279,394
INTEREST EXPENSE
Deposits	37,338	44,380	73,622	86,429
Other borrowings	3,273	1,396	5,931	3,231
Subordinated notes and debentures	2,859	2,781	5,710	5,531
Total interest expense	43,470	48,557	85,263	95,191
Net interest income	100,836	95,982	200,699	184,203
PROVISION FOR CREDIT LOSSES	7,162	11,923	12,699	21,102
Net interest income after provision for credit losses	93,674	84,059	188,000	163,101
NON-INTEREST INCOME
Fees and service charges on deposits	2,853	2,633	5,772	5,336
Loan servicing revenue	3,047	3,071	6,088	6,114
Loan servicing asset revaluation	(1,126)	(2,150)	(2,988)	(3,201)
ATM and interchange fees	1,377	1,059	2,308	2,093
Net realized gains (losses) on securities available-for-sale	21	(37)	21	(37)
Change in fair value of equity securities, net	814	83	(285)	894
Net gains on sales of loans	6,095	5,414	11,563	10,352
Wealth management and trust income	1,270	1,074	2,532	2,156
Other non-interest income	2,525	3,324	4,403	5,623
Total non-interest income	16,876	14,471	29,414	29,330
NON-INTEREST EXPENSE
Salaries and employee benefits	35,656	37,819	71,901	74,071
Occupancy and equipment expense, net	4,065	4,739	8,510	9,591
Impairment charge on assets held for sale	496	0	496	0
Loan and lease related expenses	752	938	1,681	1,765
Legal, audit and other professional fees	3,231	4,843	6,475	8,094
Data processing	4,866	4,986	9,791	10,157
Net loss (gain) recognized on other real estate owned and other related expenses	137	(44)	947	(2)
Other intangible assets amortization expense	1,235	1,499	2,470	2,617
Other non-interest expense	6,041	4,822	11,397	9,738
Total non-interest expense	56,479	59,602	113,668	116,031
INCOME BEFORE PROVISION FOR INCOME TAXES	54,071	38,928	103,746	76,400
PROVISION FOR INCOME TAXES	13,890	8,846	25,986	18,070
NET INCOME	$ 40,181	$ 30,082	$ 77,760	$ 58,330
EARNINGS PER COMMON SHARE
Basic	$ 0.9	$ 0.66	$ 1.74	$ 1.31
Diluted	$ 0.9	$ 0.66	$ 1.73	$ 1.3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ 77,760	$ 58,330
Adjustments to reconcile net income to net cash from operating activities:
Provision for credit losses	12,699	21,102
Impairment loss on assets held for sale	496	0
Depreciation and amortization of premises and equipment	2,208	2,270
Net accretion of securities	(2,908)	(2,564)
Change in fair value of equity securities, net	285	(894)
Net (gains) losses on sales and calls of securities available-for-sale	(21)	37
Net (gains) losses on sales or disposals of premises and assets held for sale	49	(843)
Net gains on sales of loans	(11,563)	(10,352)
Net gains on sales of leases	0	(119)
Originations of U.S. government guaranteed loans	(159,872)	(168,234)
Proceeds from U.S. government guaranteed loans sold	127,652	124,600
Accretion of premiums and discounts on acquired loans, net	(4,447)	(5,573)
Net change in servicing assets	(57)	155
Net (gains) losses on sales and valuation adjustments of other real estate owned	669	(28)
Net amortization of other acquisition accounting adjustments	2,497	2,679
Amortization of subordinated debt issuance cost	57	87
Accretion of junior subordinated debentures discount	405	246
Share-based compensation expense	4,612	4,377
Deferred tax provision (benefit)	5,934	(1,489)
Increase in cash surrender value of bank owned life insurance	(1,953)	(1,768)
Gain on death benefit on bank owned life insurance	0	(587)
Changes in assets and liabilities:
Accrued interest receivable and other assets	505	9,295
Accrued interest payable and other liabilities	13,714	13,621
Net cash provided by operating activities	68,721	44,348
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of equity securities	2,599	0
Proceeds from calls of equity securities	300	0
Purchases of securities available-for-sale	(372,329)	(151,270)
Proceeds from maturities and calls of securities available-for-sale	25,044	26,558
Proceeds from paydowns of securities available-for-sale	114,233	80,824
Proceeds from sales of securities available-for-sale	9,109	14,221
Proceeds from maturities and calls of securities held-to-maturity	0	605
Redemptions of Federal Home Loan Bank stock, net	2,537	8,803
Proceeds from other loans and leases sold	6,946	12,184
Net change in loans and leases	(46,482)	(289,717)
Purchases of premises and equipment	(1,467)	(3,100)
Proceeds from sales of assets held for sale	0	2,146
Proceeds from sales of other real estate owned	117	1,016
Proceeds from bank owned life insurance death benefit	0	1,736
Net cash received in acquisition of business	0	61,834
Net cash used in investing activities	(259,393)	(234,160)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	223,292	72,597
Repayments of term loan	0	(11,667)
Proceeds from short-term borrowings	8,172,200	4,300,000
Repayments of short-term borrowings	(8,140,200)	(4,495,000)
Proceeds from long-term borrowings	12,750	0
Net change in securities sold under agreements to repurchase	(3,899)	2,004
Dividends paid on common stock	(11,055)	(9,148)
Proceeds from issuance of common stock	912	1,043
Repurchases of common stock	(18,864)	(13,783)
Net cash provided by (used in) financing activities	235,136	(153,954)
NET CHANGE IN CASH AND CASH EQUIVALENTS	44,464	(343,766)
CASH AND CASH EQUIVALENTS, beginning of period	149,095	563,138
CASH AND CASH EQUIVALENTS, end of period	193,559	219,372
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for interest	86,270	104,445
Cash paid during the period for income taxes	29,916	22,829
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Transfer of loans to other real estate owned	545	596
Transfer of land and premises to assets held for sale	1,217	1,311
Right-of-use assets exchanged for operating lease liabilities	1,081	2,143
Due from counterparties - loans sold, not settled	24,998	16,275
Common dividend declared, not paid	(159)	(87)
Common share withholding	4,058	4,863
Common stock issued due to acquisition of business	0	41,303
Total assets acquired from acquisition	0	321,991
Value ascribed to goodwill	0	147
Total liabilities assumed from acquisition	$ 0	$ 280,634

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and due from banks	$ 77,159	$ 60,184
Interest bearing deposits with other banks	116,400	88,911
Cash and cash equivalents	193,559	149,095
Equity and other securities, at fair value	7,476	10,660
Securities available-for-sale, at fair value (amortized cost at June 30, 2026 - $1,743,352 December 31, 2025 - $1,516,376)	1,616,748	1,405,106
Restricted stock, at cost	18,777	21,314
Loans held for sale	21,518	13,621
Loans and leases:
Loans and leases	7,542,411	7,509,369
Allowance for credit losses - loans and leases	(111,861)	(108,834)
Net loans and leases	7,430,550	7,400,535
Servicing assets, at fair value	19,291	19,234
Premises and equipment, net	55,981	57,988
Other real estate owned	3,153	3,394
Goodwill and other intangible assets, net	198,050	200,520
Bank-owned life insurance	109,414	107,462
Deferred tax assets, net	40,624	41,779
Accrued interest receivable and other assets	217,324	221,968
Total assets	9,932,465	9,652,676
LIABILITIES
Non-interest-bearing demand deposits	1,826,739	1,818,888
Interest-bearing deposits	6,044,023	5,828,555
Total deposits	7,870,762	7,647,443
Other borrowings	460,449	419,598
Subordinated notes, net	73,967	73,940
Junior subordinated debentures	71,814	71,409
Accrued interest payable and other liabilities	151,258	172,380
Total liabilities	8,628,250	8,384,770
COMMITMENTS AND CONTINGENT LIABILITIES (Note 14)
STOCKHOLDERS’ EQUITY
Preferred stock	0	0
Common stock	471	471
Additional paid-in capital	756,361	760,700
Retained earnings	712,588	645,724
Treasury stock, at cost	(78,627)	(65,914)
Accumulated other comprehensive loss, net of tax	(86,578)	(73,075)
Total stockholders’ equity	1,304,215	1,267,906
Total liabilities and stockholders’ equity	$ 9,932,465	$ 9,652,676
Preferred shares par value		$ 0.01
Preferred stock, Shares authorized	25,000,000	25,000,000
Preferred stock, Shares issued	0	0
Preferred stock, Shares outstanding	0	0
Treasury preferred shares	0	0
Common stock, voting par value	$ 0.01	$ 0.01
Common stock, voting shares authorized	150,000,000	150,000,000
Common stock, voting shares issued	47,836,955	47,871,512
Common stock, voting shares outstanding	45,191,493	45,545,928
Common stock, voting treasury shares	2,645,462	2,325,584