BYLINE BANCORP, INC. Goodwill & Intangibles Disclosure
Note 10—Goodwill, Core Deposit Intangible and Other Intangible Assets
The Company’s annual goodwill test was performed as of November 30, 2025. The Company determined that no impairment existed as of that date. Refer to Note 1—Business and Summary of Significant Accounting Policies for discussion of goodwill.
The following table summarizes the changes in the Company’s goodwill and core deposit intangible assets for the years ended December 31, 2025, 2024, and 2023:
|
2025 |
|
|
2024 |
|
|
2023 |
|
||||||||||||||||||||||||
|
Goodwill |
|
Core |
|
|
Customer |
|
|
Goodwill |
|
Core |
|
|
Customer |
|
|
Goodwill |
|
Core |
|
|
Customer |
|
|||||||||
Beginning balance |
$ |
181,705 |
|
$ |
15,281 |
|
|
$ |
1,112 |
|
|
$ |
181,705 |
|
$ |
20,393 |
|
|
$ |
1,380 |
|
|
$ |
148,353 |
|
$ |
8,886 |
|
|
$ |
1,648 |
|
Additions |
|
147 |
|
|
7,880 |
|
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
|
33,352 |
|
|
17,250 |
|
|
|
— |
|
Amortization or accretion |
|
— |
|
|
(5,337 |
) |
|
|
(268 |
) |
|
|
— |
|
|
(5,112 |
) |
|
|
(268 |
) |
|
|
— |
|
|
(5,743 |
) |
|
|
(268 |
) |
Ending balance |
$ |
181,852 |
|
$ |
17,824 |
|
|
$ |
844 |
|
|
$ |
181,705 |
|
$ |
15,281 |
|
|
$ |
1,112 |
|
|
$ |
181,705 |
|
$ |
20,393 |
|
|
$ |
1,380 |
|
Accumulated amortization |
N/A |
|
$ |
62,772 |
|
|
$ |
2,372 |
|
|
N/A |
|
$ |
57,435 |
|
|
$ |
2,104 |
|
|
N/A |
|
$ |
52,323 |
|
|
$ |
1,836 |
|
|||
Weighted average |
N/A |
|
7.8 years |
|
|
3.2 years |
|
|
N/A |
|
7.6 years |
|
|
4.2 years |
|
|
N/A |
|
8.3 years |
|
|
5.2 years |
|
|||||||||
The Company added additional goodwill and core deposit intangible assets in conjunction with the First Security and Inland acquisitions. Please refer to Note 3—Acquisition of a Business for further details.
The following table presents the estimated amortization expense for core deposit intangible and other intangible assets recognized at December 31, 2025:
|
|
Estimated |
|
|
2026 |
|
$ |
4,940 |
|
2027 |
|
|
3,895 |
|
2028 |
|
|
3,162 |
|
2029 |
|
|
2,337 |
|
2030 |
|
|
1,790 |
|
Thereafter |
|
|
2,544 |
|
Total |
|
$ |
18,668 |
|
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 Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.