Byline Bancorp (BY) Q2 2026 earnings summary

Executive summary

• Achieved net income of $40.2 million and adjusted diluted EPS of $0.91 for Q2 2026, up 9.6% sequentially and 21.3% year-over-year.

• Total revenue reached $117.7 million, a 4.7% increase from the prior quarter, driven by higher net interest and non-interest income.

• Pre-tax pre-provision income was $61.2 million, with a pre-tax pre-provision ROAA of 2.49%.

• Board declared a 16.7% increase in quarterly dividend to $0.14 per share, payable August 18, 2026.

• Continued focus on profitable growth, balance sheet strength, and strategic investments to drive market share in commercial banking.

Financial highlights

• Net interest income was $100.8 million, up 1.0% from Q1 2026; total revenue was $117.7 million, up 4.7% sequentially.

• Non-interest income rose 34.6% to $16.9 million, driven by higher gains on loan sales, equity securities, and swap fees.

• Non-interest expense decreased 1.2% to $56.5 million, with efficiency ratio improving to 46.93%.

• Total loans and leases grew 4.2% to $7.6 billion; total deposits increased 3.5% to $7.9 billion from Q1 2026.

• Tangible book value per share rose to $24.48, up 2.9% sequentially and 13.6% year-over-year.

Outlook and guidance

• Strategic focus remains on growing customer relationships, expanding low-cost deposits, and supplementing organic growth with acquisitions.

• Management expressed confidence in sustaining growth and building market position, citing strong momentum entering the second half of 2026.

• Interest rate sensitivity analysis indicates a 100 bps rate increase could boost net interest income by 2.1%.

• Forward-looking statements caution about risks and uncertainties, referencing risk factors in the latest 10-K.