secwatch.observer — SEC 8-K summary
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Issuer:     BYLINE BANCORP, INC. (BY)
CIK:        0001702750
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0000950170-22-025875
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Byline Bancorp to acquire Inland Bancorp for ~$165M in cash and stock
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- Transaction valued at ~$165M: 6.4M Byline shares plus $22.9M cash; $4.90 per Inland share.
- Expected close Q2 2023; subject to regulatory approvals and Inland stockholder approval.
- Pro forma combined: ~$8.5B assets, 47 branches across greater Chicago area.
- Expected EPS accretion of 8.1% in 2023 and 10.7% in 2024; TBV earnback ~2.7 years.
- Pre-tax cost savings estimated at ~30% of Inland's expense base.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702750/000095017022025875/0000950170-22-025875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702750/000095017022025875/by-20221130.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025875

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer