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Byline Bancorp
(NYSE:BY)
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Rating:72Outperform
Price Target:
$41.00
â–²(7.16% Upside)
Action:Reiterated
Date:10/09/26
BY’s score is driven primarily by solid financial performance (strong TTM growth and profitability, improving leverage, and cash flow that corroborates earnings) and supportive earnings-call fundamentals (record results, disciplined guidance, and shareholder returns). Valuation is reasonable at ~11x earnings, but the score is held back by weaker near-term technical momentum (below key moving averages with negative MACD).
Positive Factors
Strong earnings growth and profitability
The sharp TTM revenue increase alongside solid net and EBIT margins indicates stronger earnings capacity and operating momentum. If profitability remains above recent historical ranges, Byline can generate internal capital to support lending, technology investment, and continued franchise development.
Negative Factors
Net interest margin and funding pressure
Margin pressure directly challenges the bank’s core net interest income engine, particularly when deposit pricing becomes more aggressive and funding costs rise. Persistent competition or unfavorable repricing could limit earnings growth even if loan balances expand, making profitability more sensitive to rate conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong earnings growth and profitability
The sharp TTM revenue increase alongside solid net and EBIT margins indicates stronger earnings capacity and operating momentum. If profitability remains above recent historical ranges, Byline can generate internal capital to support lending, technology investment, and continued franchise development.
Read all positive factors
Byline Bancorp (BY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.66B
Dividend Yield1.3%
Average Volume (3M)271.36K
Price to Earnings (P/E)11.0
Beta (1Y)0.76
Revenue Growth2.81%
EPS Growth23.43%
CountryUS
Employees1,018
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.33
Shares Outstanding45,186,420
10 Day Avg. Volume246,371
30 Day Avg. Volume271,357
Financial Highlights & Ratios
PEG Ratio2.33
Price to Book (P/B)1.03
Price to Sales (P/S)2.08
P/FCF Ratio9.59
Enterprise Value/Market Cap1.34
Enterprise Value/Revenue3.50
Enterprise Value/Gross Profit5.05
Enterprise Value/Ebitda10.36
Forecast
1Y Price Target
$42.33Price Target Upside10.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)3.39
Revenue Forecast (FY)$465.67M
Byline Bancorp Business Overview & Revenue Model
Company Description
Byline Bancorp, Inc. operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States....
How the Company Makes Money
Byline Bancorp makes money primarily through its banking subsidiary by generating net interest income and noninterest income.
1) Net interest income (core earnings driver): The company earns interest and fees on loans and other interest-earning a...
Byline Bancorp Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive tone driven by record earnings, improved profitability and efficiency, strong capital metrics, shareholder-friendly actions (dividend increase and buybacks), and favorable credit trends. Challenges were acknowledged — modest margin pressure, elevated deposit competition, payoff volatility affecting near-term loan growth, and higher expense guidance in H2 — but management framed these as manageable within a disciplined strategy emphasizing capital flexibility and selective growth. Overall the highlights materially outweigh the lowlights.Positive Updates
Record Net Income and EPS Growth
Net income of $40.2 million ( $0.90 diluted) for Q2, up from $37.6 million ($0.83) in the prior quarter. Adjusted EPS of $0.91, up 10% linked-quarter and 21% year-over-year.
Negative Updates
Net Interest Margin Pressure
Net interest margin declined to 4.28%, down 5 basis points quarter-over-quarter driven by mix changes and higher funding costs (including a maturing balance sheet hedge). Management focuses on growing NII in dollars rather than targeting margin levels.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Net Income and EPS Growth
Net income of $40.2 million ( $0.90 diluted) for Q2, up from $37.6 million ($0.83) in the prior quarter. Adjusted EPS of $0.91, up 10% linked-quarter and 21% year-over-year.
Read all positive updates
Company Guidance
Management's guidance emphasized disciplined, mid‑single‑digit full‑year loan growth (assuming payoff normalization) and a Q3 outlook of $100–$102M net interest income and $14–$15M noninterest income (with gain‑on‑sale revenue expected to average ~$5.5M/quarter); they kept noninterest expense guidance at $59–$60M per quarter, reiterated focus on growing NII dollars rather than a target margin (Q2 NIM 4.28%), noted rate sensitivity of roughly +$2.1M in net income per 25bp hike (−$1.6M per 25bp cut), said purchase‑accounting accretion is now under $1M/quarter, expect an effective tax rate near 25.5%, and see near‑term credit costs in the ~30–40 bps range with an allowance around 1.48% of loans; capital and liquidity remain ample (assets ~$9.9B, loans $7.6B, deposits $7.9B, L/D ~96%, TCE ~11.4%/CET1 ~13%), enabling a 16.7% dividend increase to $0.14, opportunistic buybacks (Q2 repurchases ~$9.1M), and continued preparation for crossing the $10B threshold.Byline Bancorp Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 635.97M | 629.49M | 621.42M | 532.47M | 356.46M | 316.14M |
| Gross Profit | 441.03M | 416.22M | 376.50M | 351.96M | 296.35M | 302.63M |
| EBITDA | 214.79M | 187.51M | 166.11M | 150.21M | 118.97M | 130.20M |
| Net Income | 149.48M | 130.05M | 120.76M | 107.88M | 87.95M | 92.78M |
Balance Sheet | ||||||
| Total Assets | 9.93B | 9.65B | 9.50B | 8.88B | 7.36B | 6.70B |
| Cash, Cash Equivalents and Short-Term Investments | 1.69B | 1.47B | 1.73B | 1.57B | 1.35B | 1.61B |
| Total Debt | 606.23M | 564.95M | 774.65M | 553.78M | 765.82M | 645.77M |
| Total Liabilities | 8.63B | 8.38B | 8.41B | 7.89B | 6.60B | 5.86B |
| Stockholders Equity | 1.30B | 1.27B | 1.09B | 990.15M | 765.82M | 836.38M |
Cash Flow | ||||||
| Free Cash Flow | 163.35M | 136.32M | 171.17M | 162.21M | 216.70M | 72.19M |
| Operating Cash Flow | 165.71M | 140.32M | 175.16M | 166.07M | 220.33M | 74.43M |
| Investing Cash Flow | -248.82M | -223.59M | -330.92M | -336.24M | -819.86M | -236.05M |
| Financing Cash Flow | 58.32M | -330.77M | 492.76M | 216.96M | 620.95M | 236.13M |
Byline Bancorp Technical Analysis
Negative
38.26
Price Trends
38.07
Negative
37.02
Negative
34.27
Positive
Market Momentum
-0.34
Positive
43.18
Neutral
30.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BY, the sentiment is Negative. The current price of 38.26 is above the 20-day moving average (MA) of 37.21, above the 50-day MA of 38.07, and above the 200-day MA of 34.27, indicating a neutral trend. The MACD of -0.34 indicates Positive momentum. The RSI at 43.18 is Neutral, neither overbought nor oversold. The STOCH value of 30.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BY.
Byline Bancorp Risk Analysis
Byline Bancorp disclosed 36 risk factors in its most recent earnings report. Byline Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Byline Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.29B | 15.18 | 11.40% | 2.59% | 13.29% | -4.08% | |
75 Outperform | $1.26B | 13.96 | 10.39% | 1.13% | 33.92% | -4.91% | |
74 Outperform | $2.41B | 10.51 | 9.51% | 3.53% | 35.64% | 113.53% | |
72 Outperform | $1.66B | 11.05 | 11.75% | 1.30% | 2.81% | 23.43% | |
72 Outperform | $1.61B | 11.56 | 12.70% | 0.42% | 6.17% | 27.24% | |
72 Outperform | $1.31B | 12.18 | 9.86% | 2.05% | 10.34% | 14.55% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
BY
Byline Bancorp
36.79
10.48
39.83%
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Byline Bancorp Corporate Events
Business Operations and StrategyExecutive/Board Changes
Byline Bancorp Announces Executive Leadership Succession Changes
Positive
Oct 8, 2026
On October 8, 2026, Byline Bancorp announced a series of executive leadership changes tied to its succession planning, effective January 1, 2027, following the planned December 31, 2026 retirements of long-time executives Brogan Ptacin, head of co...
Business Operations and StrategyM&A Transactions
Byline Bancorp to Acquire Illinois State Bancorp in Merger
Positive
Oct 6, 2026
On October 6, 2026, Byline Bancorp, Inc. and Illinois State Bancorp, Inc., a Chicago-based community banking holding company, announced a definitive merger agreement under which Illinois State Bancorp and its subsidiaries First Nations Bank and Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.