Byline Bancorp Q3 net income $30.3M, EPS $0.69; announces merger with First Security

BYLINE BANCORP, INC.

2024-Q3 EPS reported $2.07

Net income $30.3M ($0.69 diluted EPS), vs $29.7M ($0.68) in Q2 and $28.2M ($0.65) a year ago.
Total revenue $101.8M, up 2.5% QoQ; NIM 3.88%, down 10 bps QoQ; net interest income $87.5M.
Tangible book value per share $20.21, up 7.3% QoQ and 23.6% YoY; CET1 ratio 11.35% (up 51 bps).
Deposits grew $150.7M to $7.5B; loan/deposit ratio fell 196 bps to 92.02%.
Announced definitive merger agreement with First Security Bancorp, expected to close in 2025.

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