Hovde Group analyst Brendan Nosal has increased the price target for Byline Bancorp (BY, Financial) from $29 to $32. Nosal maintains an Outperform rating on the stock, indicating a positive outlook for the company's future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Byline Bancorp Inc (BY, Financial) is $31.40 with a high estimate of $34.00 and a low estimate of $29.00. The average target implies an upside of 15.91% from the current price of $27.09. More detailed estimate data can be found on the Byline Bancorp Inc (BY) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Byline Bancorp Inc's (BY, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Byline Bancorp Inc (BY, Financial) in one year is $26.03, suggesting a downside of 3.91% from the current price of $27.09. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Byline Bancorp Inc (BY) Summary page.
BY Key Business Developments
Release Date: April 25, 2025
- Net Income: $28.2 million or $0.64 per diluted share.
- Total Revenue: $103 million, up 2% year on year.
- Net Interest Income: $88.2 million, flat for the quarter.
- Net Interest Margin (NIM): 4.07%, up 6 basis points from last quarter.
- Loan Growth: Total loans increased by $137 million or 8% annualized.
- Deposit Growth: Total deposits increased by 5.1% annualized.
- Loan Yield: 7.09%, down 12 basis points linked quarter.
- Deposit Costs: Declined by 18 basis points to 2.3%.
- Non-Interest Income: $14.9 million, lower due to seasonality and lower SBA business gains.
- Non-Interest Expense: $56.4 million, down 1.7% from the prior quarter.
- Asset Quality: Non-performing loans decreased to 76 basis points.
- Credit Costs: $9.2 million for the quarter.
- Allowance for Credit Losses (ACL): 1.43% of total loans.
- Capital Levels: CET1 at 11.78%, TCE at 9.95%.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Byline Bancorp Inc (BY, Financial) reported strong first-quarter results with net income of $28.2 million or $0.64 per diluted share.
- The company achieved a net interest margin (NIM) of 4.07%, up 6 basis points from the previous quarter.
- Byline Bancorp Inc (BY) successfully completed the acquisition and integration of First Security, enhancing its market position.
- Asset quality improved with non-performing loans decreasing to 76 basis points, and credit costs were well-managed.
- The company was recognized as one of America's 100 Best Banks by Forbes and one of the best regional banks by Newsweek.
Negative Points
- The operating environment is marked by heightened uncertainty and volatility, impacting economic growth and inflation outlooks.
- Total revenue was slightly down from the previous quarter, despite a 2% year-over-year increase.
- Criticized and classified loans ticked up during the quarter, although no common themes were identified.
- The company anticipates more caution from clients regarding capital expenditures and new investments due to economic uncertainties.
- Non-interest income was lower than the previous quarter, primarily due to seasonality and lower gains on SBA loan sales.
