Byline Bancorp, Inc. reported a consolidated net income of $37.2 million for the third quarter of 2025, marking a 22.8% increase from $30.3 million in the same period last year. This growth was driven by a $12.4 million rise in net interest income, which reached $99.9 million, alongside a $2.2 million reduction in the provision for credit losses. The company’s earnings per share improved to $0.82, compared to $0.70 for the third quarter of 2024. For the nine months ending September 30, 2025, net income totaled $95.5 million, up from $90.4 million in the prior year, with earnings per share increasing from $2.08 to $2.14.
The financial performance reflects significant changes in Byline's asset composition and operational strategies. Total assets grew by 3.3% to $9.8 billion, primarily due to a $533.9 million increase in loans and leases, which reached $7.4 billion. This growth was attributed to both organic expansion and the acquisition of First Security Bancorp, which added $41.5 million in assets. The company’s total deposits also rose by 5.0% to $7.8 billion, driven by increases in non-interest-bearing demand deposits and money market accounts.
Operationally, Byline Bancorp has made strides in enhancing its service offerings and expanding its market presence. The acquisition of First Security on April 1, 2025, has been a pivotal strategic move, allowing Byline to integrate additional customer bases and resources. The company reported a 10.3% increase in non-interest income, totaling $15.9 million for the quarter, largely due to higher net gains on loan sales and increased wealth management fees. The efficiency ratio improved to 51.00%, down from 52.02% a year earlier, indicating better cost management relative to revenue generation.
In terms of credit quality, the allowance for credit losses increased to $105.7 million, reflecting a proactive approach to potential loan defaults amid changing economic conditions. Non-performing loans and leases represented 0.85% of total loans, a slight improvement from 0.90% at the end of 2024. The company continues to monitor its loan portfolio closely, particularly in the commercial real estate sector, which remains a significant focus area.
Looking ahead, Byline Bancorp anticipates continued growth in its loan portfolio and overall financial performance, supported by its strategic initiatives and market conditions. The company remains committed to enhancing its operational efficiency and managing risks effectively, particularly in light of potential economic fluctuations.
About BYLINE BANCORP, INC.
Byline Bancorp, Inc. is a Chicago-based bank holding company operating through its subsidiary, Byline Bank, a full-service commercial bank. It offers a broad range of banking products and services including commercial and industrial loans, commercial real estate financing, sponsor finance, SBA and USDA government-guaranteed loans, small ticket equipment leasing, and trust and wealth management. Serving primarily small to medium businesses and consumers in the Chicago area, Byline emphasizes local relationships, diversified lending, and tailored financial solutions.
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