Byline Bancorp (BY) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $37.6 million, with diluted EPS of $0.83, up 9.2% sequentially from Q4 2025.

• Return on average assets (ROAA) was 1.56% and return on average tangible common equity (ROTCE) was 13.77%.

• Book value per share increased to $28.17, and tangible book value per share rose to $23.79, up 1.5% sequentially and 13.8% year-over-year.

• Quarterly dividend increased by 20% to $0.12 per share; $10 million in stock repurchases completed, including 318,208 shares repurchased.

• Total assets stood at $9.9 billion, with $7.5 billion in loans and leases and $7.8 billion in deposits as of March 31, 2026.

Financial highlights

• Net interest income was $99.9 million, down 1.4% from Q4 2025, with a stable net interest margin of 4.33%.

• Non-interest income totaled $12.5 million, impacted by lower equity securities values and losses on leased asset sales.

• Non-interest expense decreased 5.3% sequentially to $57.2 million, driven by lower compensation, salaries, benefits, and professional fees.

• Efficiency ratio improved by 54 bps to 49.78%.

• Provision for credit losses dropped to $5.5 million, reflecting improved asset quality.

Outlook and guidance

• KBRA affirmed BBB+ credit ratings and outlook.

• Projected acquisition accounting accretion for the next three quarters is expected to be between $1.0 and $1.3 million per quarter.

• Management remains focused on disciplined capital return, risk management, and executing strategic growth amid market volatility.