BYLINE BANCORP, INC. BY
Byline Bancorp, Inc., headquartered in Chicago, Illinois, is a bank holding company. We conduct all our business activities through our subsidiary, Byline Bank, a full service commercial bank, and Byline Bank's subsidiaries. The words "the Company," "we," "Byline," "our" and "us" refer to Byline Bancorp, Inc. and its consolidated subsidiaries, unless we indicate otherwise.
As part of our strategic plan, we explore potential opportunities for expansion in our primary and adjacent market areas through organic growth and the acquisition of financial institutions, branches, and non-banking organizations. Our aspiration to be the preeminent commercial bank in Chicago drives our focus on market expansion, deepening client relationships, and fostering a strong-cross sell culture to enhance retention and revenue diversification. We also prioritize process improvement and productivity enhancements, leveraging technology and best practices to improve efficiency, scalability, and the overall customer experience, all with commitment to disciplined oversight and aligned risk practices.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $572.2M | $565.9M | $479.5M | $301.6M | $248.9M | $239.2M | $264.8M | $207.0M | $136.8M | $98.4M |
| Interest expense | $385.3M | $348.0M | $330.6M | $265.3M | $12.5M | $24.3M | $48.5M | $28.3M | $13.9M | $7.7M |
| Pre-tax income | $173.3M | $161.1M | $145.7M | $114.7M | $124.2M | $51.7M | $77.3M | $55.4M | $40.8M | $5.5M |
| Income tax | $43.2M | $40.3M | $37.8M | $26.7M | $31.4M | $14.2M | $20.3M | $14.2M | $19.1M | $61.2M |
| Net income | $130.1M | $120.8M | $107.9M | $88.0M | $92.8M | $37.5M | $57.0M | $41.2M | $21.7M | $66.7M |
| EPS, basic | 2.90 | 2.78 | 2.69 | 2.37 | 2.45 | 0.96 | 1.51 | 1.21 | 0.39 | 3.31 |
| EPS, diluted | 2.89 | 2.75 | 2.67 | 2.34 | 2.40 | 0.96 | 1.48 | 1.18 | 0.38 | 3.27 |
| Shares, diluted (wtd. avg.) | $45.1M | $43.9M | $40.4M | $37.5M | $38.4M | $38.3M | $38.0M | $34.2M | $27.5M | $20.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $149.1M | $563.1M | $226.1M | $179.4M | $157.9M | $83.4M | $80.7M | $121.9M | $58.3M | $46.5M |
| Property, plant and equipment | $58.0M | $60.5M | $66.6M | $56.8M | $62.5M | $86.7M | $96.1M | $97.7M | $95.2M | $102.1M |
| Goodwill | $181.9M | $181.7M | $181.7M | $148.4M | $148.4M | $148.4M | $148.4M | $128.2M | $54.6M | $52.0M |
| Other intangibles | $18.7M | $16.4M | $21.8M | $10.5M | $17.2M | $24.3M | $31.9M | $33.4M | $16.8M | — |
| Total assets | $9.65B | $9.50B | $8.88B | $7.36B | $6.70B | $6.39B | $5.52B | $4.94B | $3.37B | $3.30B |
| Short-term debt | $0 | $11.7M | $18.3M | $0 | — | — | — | — | — | — |
| Total liabilities | $8.38B | $8.41B | $7.89B | $6.60B | $5.86B | $5.59B | $4.77B | $4.29B | $2.91B | $2.91B |
| Retained earnings | $645.7M | $533.9M | $429.0M | $335.8M | $271.7M | $191.1M | $159.0M | $102.5M | $61.3M | $50.9M |
| Total equity | $1.27B | $1.09B | $990.2M | $765.8M | $836.4M | $805.5M | $750.1M | $650.7M | $458.6M | $382.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $140.3M | $175.2M | $166.1M | $220.3M | $74.4M | $109.0M | $29.3M | $79.9M | $26.9M | $4.2M |
| Depreciation and amortisation | $4.6M | $5.0M | $4.5M | $4.3M | $6.0M | $6.5M | $6.4M | $5.6M | $5.2M | $5.1M |
| Stock-based compensation | $9.3M | $7.9M | $6.7M | $5.3M | $4.0M | $2.6M | $1.7M | $1.5M | $1.5M | $899.0K |
| Capital expenditure | $4.0M | $4.0M | $3.9M | $3.6M | $2.2M | $3.9M | $4.3M | $2.6M | $2.5M | $5.9M |
| Investing cash flow | -$223.6M | -$330.9M | -$336.2M | -$819.9M | -$236.0M | -$886.4M | -$250.6M | -$369.4M | -$61.6M | -$301.8M |
| Financing cash flow | -$330.8M | $492.8M | $217.0M | $620.9M | $236.1M | $780.0M | $180.1M | $353.0M | $46.6M | $299.2M |
| Dividends paid | $18.2M | $15.8M | $14.6M | $13.4M | $11.3M | $5.7M | $0 | — | — | — |
| Buybacks | $23.7M | $0 | $0 | $17.3M | $28.9M | $1.7M | $0 | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-162758.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |