Q1 2026 Byline Bancorp Inc Earnings Call Transcript
Key Points
- Byline Bancorp Inc (BY) reported a strong start to the year with net income of $37.6 million and EPS of $0.83 per diluted share, reflecting growth of 8.9% and 9.2%, respectively.
- The company achieved a return on assets (ROA) of 156 basis points and a return on tangible common equity (ROTCE) of 13.7%, indicating strong profitability.
- Total deposits increased by 8.2% annualized to $7.8 billion, showcasing growth across both core and time deposits.
- Byline Bancorp Inc (BY) maintained stable asset quality with a decrease in non-performing loans and an increase in the allowance for credit losses.
- The company was recognized as a best-in-class employer and named to Newsweek's America's greatest midsized workplaces for women, highlighting its commitment to employee well-being and diversity.
- Noninterest income was lower at $12.5 million, largely due to lower fair value marks for the quarter.
- Loan balances were modestly lower as payoffs more than offset solid origination activity.
- Net interest income decreased by 1% from the prior quarter, impacted by lower yields on earning assets and higher borrowing costs.
- The company experienced a decline in fair value of equity securities and additional negative fair value marks on loan servicing assets.
- The competitive landscape in Chicago for core funding remains challenging, with ongoing competition for consumer deposits.
Good morning, and welcome to Byline Bancorp first quarter 2026 earnings call. My name is Tiffany, and I will be your conference operator today. (Operator Instructions) Please note, the conference call is being recorded.
At this time, I would like to introduce Brooks Rennie, Head of Investor Relations for Byline Bancorp to begin the conference call.
Thank you, Tiffany. Good morning, everyone, and thank you for joining us today for the Byline Bancorp first quarter 2026 earnings call. In accordance with Regulation FD, this call is being recorded and is available via webcast on our Investor Relations website along with our earnings release and the corresponding presentation slides. As part of today's call, management may make certain statements that constitute projections, beliefs or other forward-looking statements regarding future events of the future financial performance of the company. We caution that such statements are subject to certain risks, uncertainties, and other
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