secwatch.observer — SEC 8-K summary
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Issuer:     BYLINE BANCORP, INC. (BY)
CIK:        0001702750
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000950170-24-117060
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702750/000095017024117060/0000950170-24-117060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702750/000095017024117060/by-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117060

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