Byline Bancorp (BY) Q3 2026 earnings summary

Executive summary

• Record Q3 revenue of $121.0 million, up 2.8% QoQ; net income was $41.8 million and diluted EPS was $0.94.

• Record net interest income of $103.7 million, up 2.8% QoQ; NIM widened 5 bps QoQ to 4.33%.

• Deposits grew 8.5% annualized; PTPP ROAA was 2.45%, the 16th consecutive quarter above 2.00%.

Financial highlights

• Net interest income was $103.676 million, non-interest income $17.332 million, non-interest expense $59.800 million, and provision for credit losses $6.748 million.

• Non-interest income rose 2.7% QoQ to $17.3 million, supported by wealth management and trust income growth and higher customer swap income.

• Non-interest expense rose 5.9% QoQ to $59.8 million, mainly reflecting a $3.4 million increase in salaries and benefits, primarily from higher incentive compensation.

• Net income was $41.786 million; income before taxes was $54.460 million. The effective tax rate fell to 23.3% from 25.7%, mainly due to purchased renewable energy tax credits.

Outlook and guidance

• A +100 bps one-year rate shock is modeled to increase NII by $18 million, or 4.4%; a +100 bps ramp is modeled to increase NII by $9 million, or 2.2%.

• Strong capital provides flexibility to support growth and pursue market opportunities, with a strategic aim to become Chicago’s preeminent commercial bank.

• The Illinois State Bancorp acquisition is expected to expand market presence, strengthen core deposits, and add bankers and established customer relationships.