Byline Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 09:15 pm
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Byline Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 76.17 million compared to USD 61.76 million a year ago. Net income was USD 26.11 million compared to USD 21.78 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to USD 0.59 a year ago. Diluted earnings per share from continuing operations was USD 0.7 compared to USD 0.58 a year ago.
For the six months, net interest income was USD 151.88 million compared to USD 120.09 million a year ago. Net income was USD 50.05 million compared to USD 43.18 million a year ago. Basic earnings per share from continuing operations was USD 1.35 compared to USD 1.16 a year ago. Diluted earnings per share from continuing operations was USD 1.34 compared to USD 1.14 a year ago.
Byline Bancorp, Inc. is a bank holding company. The Company conducts all its business activities through its subsidiary, Byline Bank, a full-service commercial bank, and Byline Bankâs subsidiaries. It offers a range of banking products and services to small and medium-sized businesses, commercial real estate and financial sponsors and to consumers who generally live or work near its branches. It also offers online account opening to consumer and business customers through its Website and provides trust and wealth management services to its customers. In addition to its traditional commercial banking business, it provides small ticket equipment leasing solutions through Byline Financial Group, a wholly owned subsidiary of Byline Bank. It offers a range of commercial loan, deposit and treasury management products. Its primary commercial lending groups include commercial and industrial, commercial real estate, sponsor finance, commercial deposits and treasury management and others.
BYLINE BANCORP, INC. 
