Byline Bancorp, Inc. reported a solid financial performance for the second quarter of 2026, with net income reaching $40.2 million, or $0.90 per share, compared to $30.1 million, or $0.66 per share, in the same period last year. This represents a 33.5% increase in net income year-over-year, driven primarily by a $4.9 million increase in net interest income and a $4.8 million decrease in the provision for credit losses. For the first half of 2026, net income totaled $77.8 million, or $1.74 per share, up from $58.3 million, or $1.31 per share, in the prior year, marking a 33.3% increase.

Total assets for Byline Bancorp increased by $279.8 million, or 2.9%, to $9.9 billion as of June 30, 2026, compared to $9.7 billion at the end of 2025. This growth was primarily attributed to a $211.6 million increase in securities available-for-sale, which rose to $1.6 billion. Total liabilities also saw a rise, increasing by $243.5 million, or 2.9%, to $8.6 billion, with total deposits growing by $223.3 million, or 2.9%, driven by increases in interest-bearing checking accounts and time deposits.

In terms of operational metrics, Byline Bancorp's loan and lease portfolio stood at $7.5 billion, reflecting a modest increase of $33 million, or 0.4%, from the previous period. The composition of the loan portfolio included $3.2 billion in commercial and industrial loans, which represented 42.5% of the total loan and lease portfolio, up from 39.5% at the end of 2025. The company also reported a decrease in purchased credit deteriorated loans, which fell by 25.2% to $472.9 million, indicating a shift towards organic loan growth.

Looking ahead, Byline Bancorp remains optimistic about its growth trajectory, supported by a strong capital position. As of June 30, 2026, the company had total stockholders' equity of $1.3 billion, an increase of 2.9% from the previous year. The bank exceeded all regulatory capital requirements and was classified as "well-capitalized." Management anticipates that the ongoing operations of Byline Bank will generate sufficient cash and liquidity resources to meet its capital requirements for the foreseeable future.

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.

This description was generated via AI from an annual report. Updated about 1 year ago.

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