BYLINE BANCORP, INC. Earnings Per Share Disclosure
Note 23—Earnings per Share
A reconciliation of the numerators and denominators for earnings per common share computations is presented below. Incremental shares represent outstanding stock options for which the exercise price is less than the average market price of the Company’s common stock during the periods presented. Options to purchase 27,119, 379,872, and 871,699 shares of common stock were outstanding as of December 31, 2025, 2024, and 2023, respectively. There were 744,038, 751,127, and 627,271 restricted stock awards outstanding at December 31, 2025, 2024, and 2023, respectively. At December 31, 2025, 2024, and 2023, there were no stock options outstanding excluded from the calculation of diluted earnings per common share for anti-dilutive purposes. There were no non-vested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents as of December 31, 2025, 2024 or 2023.
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Years ended December 31, |
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2025 |
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2024 |
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2023 |
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Net income |
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$ |
130,051 |
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$ |
120,759 |
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$ |
107,878 |
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Weighted-average common stock outstanding: |
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Weighted-average common stock outstanding (basic) |
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44,798,651 |
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43,448,856 |
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40,045,208 |
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Incremental shares |
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264,960 |
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405,083 |
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400,345 |
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Weighted-average common stock outstanding (dilutive) |
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45,063,611 |
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43,853,939 |
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40,445,553 |
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Basic earnings per common share |
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$ |
2.90 |
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$ |
2.78 |
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$ |
2.69 |
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Diluted earnings per common share |
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$ |
2.89 |
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$ |
2.75 |
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$ |
2.67 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Mar 4, 2024 | |
| 2022 | Mar 7, 2023 | |
| 2021 | Mar 7, 2022 | |
| 2020 | Mar 4, 2021 | |
| 2019 | Mar 12, 2020 | |
| 2018 | Mar 15, 2019 | |
| 2017 | Mar 30, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.