BYLINE BANCORP, INC.

Listed Company

BYCIK 0001702750NYSELarge AcceleratedState Commercial BanksDelaware

Period

FY 2025

Revenue

—

Net Income

$130.05M

Total Assets

$9.65B

Equity

$1.27B

Shares Out

45.59M

Op. Cash Flow

$140.32M

Business

Byline Bancorp, Inc. is a bank holding company that conducts its operations through its subsidiary, Byline Bank, and related subsidiaries. It offers a broad range of banking products and services, including commercial and consumer deposit accounts, commercial loans and leases, treasury management, SBA and USDA guaranteed lending, small ticket equipment leasing, and trust and wealth management. Its principal business lines comprise commercial banking (C&I, commercial real estate, sponsor finance, syndications), community banking, small business capital, equipment leasing (Byline Financial Group) and trust/wealth services. The company primarily serves customers through its branch network in the Chicago metropolitan area, supplemented by online and mobile channels and targeted national origination efforts for government‑guaranteed loans and leasing.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans and leases	511	502	441	273	223
Interest on taxable securities	48	40	27	22	20
Interest on tax-exempt securities	3	3	3	3	4
Other interest and dividend income	9	20	8	3	2
Total interest and dividend income	572	566	479	302	249
Deposits	168	192	121	20	5
Other borrowings	6	14	17	9	2
Subordinated notes and debentures	13	12	10	7	6
Total interest expense	187	218	149	36	—
Net interest income	385	348	331	265	236
PROVISION FOR CREDIT LOSSES	36	27	32	24	973,000
Net interest income after provision for credit losses	349	321	299	241	235
Fees and service charges on deposits	11	10	9	8	7
Loan servicing revenue	12	13	14	13	13
Loan servicing asset revaluation	−6	−7	−5	−12	−7
ATM and interchange fees	4	4	4	4	4
Net losses on sales of securities available-for-sale	−21,000	−699,000	0	50,000	1
Change in fair value of equity securities, net	795,000	1	1	−603,000	−62,000
Net gains on sales of loans	23	25	23	32	46
Wealth management and trust income	5	4	4	4	3
Other non-interest income	11	9	6	8	6
Total non-interest income	61	59	56	57	74
Salaries and employee benefits	150	140	127	118	101
Occupancy expense, net	15	15	14	13	17
Equipment expense	4	4	4	4	4
Impairment loss on assets held for sale	195,000	0	2	372,000	12
Loan and lease related expenses	4	3	3	2	6
Legal, audit, and other professional fees	16	13	13	10	10
Data processing	19	17	20	13	12
Net loss recognized on other real estate owned and other related expenses	1	568,000	385,000	708,000	1
Regulatory assessments	4	4	4	3	2
Other intangible assets amortization expense	6	5	6	7	7
Advertising and promotions	6	5	4	3	2
Telecommunications	884,000	870,000	1	918,000	1
Other non-interest expense	11	11	11	9	11
Total non-interest expense	237	219	210	184	185
INCOME BEFORE PROVISION FOR INCOME TAXES	173	161	146	115	124
PROVISION FOR INCOME TAXES	43	40	38	27	31
NET INCOME	130	121	108	88	93
Basic	2.9	2.78	2.69	2.37	2.45
Diluted	2.89	2.75	2.67	2.34	2.4

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	60	59	60	62	35
Interest bearing deposits with other banks	89	504	166	117	123
Cash and cash equivalents	149	563	226	179	158
Equity and other securities, at fair value	11	10	9	8	11
Securities available-for-sale, at fair value (amortized cost at December 31, 2025-$1,516,376; December 31, 2024-$1,595,583)	1,405	1,416	1,342	1,174	1,455
Securities held-to-maturity, at amortized cost (fair value at December 31, 2024-$605)	0	605,000	1	3	4
Restricted stock, at cost	21	27	16	28	22
Loans held for sale	14	3	18	48	64
Loans and leases	7,509	6,907	6,684	5,421	—
Allowance for credit losses - loans and leases	−109	−98	−102	−82	−55
Net loans and leases	7,401	6,809	6,583	—	—
Servicing assets, at fair value	19	19	20	19	24
Accrued interest receivable	40	41	44	30	19
Premises and equipment, net	58	61	67	57	63
Operating lease right-of-use asset	9	10	12	11	12
Assets held for sale	2	2	4	9	9
Other real estate owned, net	3	5	1	5	2
Goodwill	182	182	182	148	148
Other intangible assets, net	19	16	22	11	17
Bank-owned life insurance	107	100	97	82	80
Deferred tax assets, net	42	56	50	68	50
Due from counterparty	32	39	35	12	12
Other assets	139	137	152	132	64
Total assets	9,653	9,497	8,882	7,363	6,696
Non-interest-bearing demand deposits	1,819	1,756	1,906	2,139	2,158
Interest bearing checking, savings accounts, and money market accounts	4,311	3,770	3,386	2,634	2,317
Time deposits	1,517	1,933	1,885	923	680
Total deposits	7,647	7,459	7,177	5,695	5,155
Federal Home Loan Bank advances	340	575	325	625	490
Term loan	0	12	18	0	—
Subordinated notes, net	74	74	74	74	74
Securities sold under agreements to repurchase	80	32	41	15	30
Junior subordinated debentures issued to capital trusts, net	71	71	70	37	37
Accrued interest payable	12	21	22	4	262,000
Operating lease liability	10	11	14	14	16
Accrued expenses and other liabilities	151	151	139	132	59
Total liabilities	8,385	8,405	7,892	6,597	5,860
COMMITMENTS AND CONTINGENT LIABILITIES (Note 16)	—	—	—	—	—
Preferred stock, $0.01 par value per share, 25,000,000 shares authorized	0	0	0	0	10
Common stock, voting $0.01 par value at December 31, 2025 and 2024; 150,000,000 shares authorized; 47,871,512 shares issued at December 31, 2025 and 46,252,693 shares issued at December 31, 2024	471,000	455,000	451,000	389,000	387,000
Additional paid-in capital	761	718	710	598	594
Retained earnings	646	534	429	336	272
Treasury stock at cost, 2,325,584 shares at December 31, 2025 and 1,793,109 shares at December 31, 2024	−66	−47	−50	−51	−32
Accumulated other comprehensive loss, net of tax	−73	−114	−100	−118	−8
Total stockholders equity	1,268	1,091	990	766	836
Total liabilities and stockholders equity	9,653	9,497	8,882	7,363	6,696

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses	36	27	32	24	973,000
Impairment loss on premises and equipment	0	1	0	0	2
Impairment loss on right-of-use asset	0	194,000	395,000	0	2
Depreciation and amortization of premises and equipment	5	5	5	4	6
Net amortization (accretion) of securities	−6	−2	894,000	4	8
Change in fair value of equity securities, net	−795,000	−1	−1	603,000	62,000
Net gains on sales or disposals of premises, ROU asset and assets held for sale	−672,000	−1	−723,000	297,000	−313,000
Net gains on sales of leases	−119,000	0	0	—	—
Originations of U.S. government guaranteed loans	−330	−304	−332	−360	−453
Proceeds from U.S. government guaranteed loans sold	292	294	361	418	494
Accretion of premiums and discounts on acquired loans, net	−10	−14	−17	−5	−6
Net change in servicing assets	−282,000	892,000	−672,000	5	−2
Net losses on sales and valuation adjustments of other real estate owned	1	28,000	508,000	—	—
Net amortization of other acquisition accounting adjustments	6	7	8	7	7
Amortization of subordinated debt issuance cost	160,000	174,000	175,000	174,000	175,000
Loss on extinguishment of subordinated debt	843,000	0	0	—	—
Accretion of junior subordinated debentures discount	519,000	438,000	453,000	432,000	455,000
Share-based compensation expense	9	8	7	5	4
Deferred tax provision (benefit)	8	−3	27	26	−60,000
Increase in cash surrender value of bank owned life insurance	−4	−3	−2	−2	−1
Gain on death benefit of bank owned life insurance	−587,000	0	0	—	—
Accrued interest receivable and other assets	3	20	−1	−75	−30
Accrued interest payable and other liabilities	24	42	−7	111	−15
Net cash provided by operating activities	140	175	166	220	74
Purchases of securities available-for-sale	−183	−352	−186	−104	−645
Proceeds from maturities and calls of securities available-for-sale	80	111	11	27	47
Proceeds from paydowns of securities available-for-sale	177	154	101	139	339
Proceeds from sales of securities available-for-sale	99	9	164	—	—
Proceeds from maturities and calls of securities held-to-maturity	605,000	550,000	2	1	500,000
Redemptions (purchases) of Federal Home Loan Bank stock, net	6	−11	15	−6	−11
Proceeds from other loans and leases sold	12	0	7	—	—
Net change in loans and leases	−480	−246	−460	−900	−208
Purchases of premises and equipment	−4	−4	−4	−4	−2
Proceeds from sales of premises and equipment	0	623,000	0	28,000	296,000
Proceeds from sales of assets held for sale	2	6	3	3	9
Proceeds from sales of other real estate owned	2	1	4	491,000	4
Proceeds from bank owned life insurance death benefit	2	0	0	0	0
Net cash received in acquisition of a business	62	0	8	0	0
Net cash used in investing activities	−224	−331	−336	−820	−236
Net increase (decrease) in deposits	−91	281	515	540	403
Proceeds from short-term borrowings	7,410	2,775	17,695	22,270	13,337
Repayments of short-term borrowings	−7,645	−2,525	−18,035	−22,135	−13,081
Proceeds from revolving line of credit	0	0	15	0	0
Repayments of revolving line of credit	0	−11	−4	0	0
Proceeds from term loan	0	0	20	0	0
Repayments of term loan	−12	−7	−2	0	0
Proceeds from BTFP advances	0	200	0	0	—
Repayment of BTFP advances	0	−200	0	0	—
Proceeds from subordinated debt, net of issuance costs	74	0	0	—	—
Repayment of subordinated debt	−75	0	0	—	—
Net change in securities sold under agreements to repurchase	47	−9	25	−14	−12
Dividends paid on common stock	−18	−16	−15	−13	−11
Proceeds from issuance of common stock	2	5	2	2	2
Repurchase of common stock	−24	0	0	−17	−29
Net cash provided by (used in) financing activities	−331	493	217	621	236
NET INCREASE IN CASH AND CASH EQUIVALENTS	−414	337	47	21	75
Cash paid during the period for interest	197	217	129	31	13
Cash paid during the period for Federal taxes	26	7	4	—	—
Cash paid during the period for Illinois state taxes	6	3	3	—	—
Cash paid during the period for New York state taxes	540,000	121,000	834,000	—	—
Cash paid during the period for all other state taxes	3	2	4	—	—
Transfer of loans to other real estate owned	777,000	5	571,000	3	436,000
Transfers of land and premises to assets held for sale	1	2	0	—	—
Right of use asset exchanged for operating lease liabilities	2	2	5	3	5
Due from counterparties - loans sold, not settled	32	39	35	—	—
Common dividend declared, not paid	64,000	47,000	51,000	142,000	155,000
Common share withholding	5	3	2	5	0
Common stock issued due to acquisition of a business	41	0	107	0	0
Total assets acquired from acquisition	322	0	1,160	0	0
Value ascribed to goodwill	147,000	0	33	0	0
Total liabilities assumed from acquisition	281	0	1,055	0	0

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