Byline Bancorp (BY) Q4 2025 earnings summary

Executive summary

• Achieved record annual revenue of $446.3 million in 2025, with net income of $130.1 million ($2.89 per diluted share), reflecting strong profitability and growth year-over-year.

• Fourth quarter net income was $34.5 million ($0.76 per diluted share), with robust pre-tax pre-provision ROAA above 2% for the 13th consecutive quarter.

• Successfully integrated First Security acquisition and upgraded customer-facing technology platforms.

• Positioned to cross the $10 billion asset threshold in 2026, with preparations well underway.

• Announced a 20% increase in quarterly dividend and authorized a new share repurchase program up to 5% of outstanding shares.

Financial highlights

• Net interest income for Q4 2025 was $101.3 million, up 1.4% sequentially; full-year net interest income rose 10.7% to $385.3 million.

• Full-year loan growth reached 8.9% year-over-year, while deposits grew 2.5%; tangible book value per share increased 16.7% to $23.44.

• Net interest margin for Q4 was 4.35%, up 8 bps sequentially and 25 bps year-over-year.

• Efficiency ratio improved to 50.32% in Q4; adjusted efficiency ratio for the year was 50.37%.

• Total payout ratio, including dividends and share repurchases, was 32.3% for the year.

Outlook and guidance

• Expect to cross $10 billion in assets in 2026 and are well prepared for regulatory changes.

• Loan growth guidance for 2026 is mid-single digits, primarily from commercial banking.

• Net interest income for Q1 2026 projected at $99–$100 million, with stable to growing NII expected throughout the year.

• Non-interest expense expected to trend between $58–$60 million per quarter in 2026.

• Management expects to continue executing its commercial banking strategy and drive long-term shareholder value in 2026.