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Byline Bancorp (Byline Bancorp) Net Interest Margin (Bank Only) % : 4.63% (As of Mar. 2024)


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What is Byline Bancorp Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Byline Bancorp's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2024 was $342.2 Mil. Byline Bancorp's average earning assets for the quarter that ended in Mar. 2024 was $7,386.1 Mil. Therefore, Byline Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 was 4.63%.


Byline Bancorp Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Byline Bancorp's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Byline Bancorp Net Interest Margin (Bank Only) % Chart

Byline Bancorp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only 4.76 4.14 4.20 4.49 4.92

Byline Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.95 4.98 5.58 4.76 4.63

Competitive Comparison of Byline Bancorp's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Byline Bancorp's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Byline Bancorp's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Byline Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Byline Bancorp's Net Interest Margin (Bank Only) % falls into.



Byline Bancorp Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Byline Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=330.621/( (6103.346 + 7331.517)/ 2 )
=330.621/6717.4315
=4.92 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=28.202 + 4870.847 + 1204.297
=6103.346

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=16.304 + 5942.989 + 1372.224
=7331.517

Byline Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2023 ) + Earning Assets (Q: Mar. 2024 ))/ count )
=342.164/( (7331.517 + 7440.596)/ 2 )
=342.164/7386.0565
=4.63 %

where

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=16.304 + 5942.989 + 1372.224
=7331.517

Earning Assets(Q: Mar. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=22.793 + 6007.373 + 1410.43
=7440.596

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Byline Bancorp  (NYSE:BY) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Byline Bancorp Net Interest Margin (Bank Only) % Related Terms

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Byline Bancorp (Byline Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
180 North LaSalle Street, Suite 300, Chicago, IL, USA, 60601
Byline Bancorp Inc is the holding company for Byline Bank, a full-service commercial bank serving small-and-medium-sized businesses, financial sponsors, and consumers. The company offers a broad range of banking products and services to small and medium sized businesses, commercial real estate and online account opening to consumer and business. Also provide trust and wealth management services to our customers. In addition to traditional commercial banking business, company provide small ticket equipment leasing solutions through Byline Financial Group, a wholly-owned subsidiary of Byline Bank.
Executives
Steven P. Kent director C/O BYLINE BANCORP, INC., 180 N. LASALLE ST., STE. 300, CHICAGO IL 60601
William G Kistner director C/O BYLINE BANCORP, INC., 180 NORTH LASALLE STREET, SUITE 300, CHICAGO IL 60601
Herseth Mary Jo S. director C/O BYLINE BANCORP, INC., 180 N. LASALLE ST., STE. 300, CHICAGO IL 60601
Mbg Investors I, L.p. 10 percent owner 180 NORTH LASALLE STREET, SUITE 300, CHICAGO IL 60601
Del Valle Perochena Antonio director, 10 percent owner 180 NORTH LA SALLE STREET, SUITE 300, CHICAGO IL 60601
Carlos Ruiz Sacristan director PO BOX 1, MEXICO CITY O5 999999999
Pamela C Stewart director 180 N LASALLE ST, SUITE 300, CHICAGO IL 60601
Phillip R. Cabrera director 180 NORTH LA SALLE STREET, SUITE 300, CHICAGO IL 60601
Olano Maria Sherylle A officer: SVP, Chief Accounting Officer 180 N LASALLE ST, SUITE 300, CHICAGO IL 60601
Brogan Ptacin officer: Managing Director 501 WEST NORTH AVENUE, MELROSE PARK IL 60160
Roberto R Herencia director P.O. BOX 9146, SAN JUAN PR 00908
Michelle Lynn Johnson officer: Chief Risk Officer C/O BYLINE BANCORP, INC., 180 N. LASALLE ST., SUITE 300, CHICAGO IL 60601
Major Hart Angela E officer: EVP, Head of Wealth Management 180 N. LASALLE ST., SUITE 300, CHICAGO IL 60601
Velez Margarita Hugues director 180 N, SUITE 300, CHICAGO IL 60601
John Barkidjija officer: Head of Commercial Banking 3959 N. LINCOLN AVENUE, CHICAGO IL 60613