Highest-materiality recent filing
Byline Bancorp completes $41.5M merger with First Security Bancorp, assets reach $9.8B
Merger closed April 1, 2025; First Security merged into Byline Bank, adding scale in Chicago metro.
Byline Bancorp approves new stock repurchase program for up to 1.25M shares (~2.8% of outstanding)
Board authorized repurchase of up to 1,250,000 shares, representing about 2.8% of outstanding common stock.
Byline Bancorp Q3 net income $30.3M, EPS $0.69; announces merger with First Security
Net income $30.3M ($0.69 diluted EPS), vs $29.7M ($0.68) in Q2 and $28.2M ($0.65) a year ago.
Byline Bancorp to acquire First Security Bancorp for ~$41M in cash and stock
Deal valued at ~$41M; Byline issues 2.1794 shares per First Security share (~1.5M shares) plus ~$2.6M cash for preferred.
Byline Bancorp Q2 net income $29.7M ($0.68 EPS); loans up 6.1% annualized
Net income $29.7M ($0.68 diluted EPS) vs $30.4M ($0.70) in Q1 and $26.1M ($0.70) in Q2 2023.
Byline Bancorp Q1 net income $30.4M, EPS $0.70; total assets exceed $9B
Diluted EPS of $0.70 on net income $30.4M; total revenue $101.0M (up 11% YoY).
Byline Bancorp completes $129M merger with Inland, assets reach $8.7B
Each Inland share converted into 0.19 Byline shares plus $0.68 cash; total equity value ~$129M.
Byline Bancorp receives all approvals for Inland Bancorp acquisition; closing expected June 2023
Inland Bancorp shareholders approved the merger on May 30, 2023.
All regulatory approvals obtained for the merger with Inland Bancorp, Inc.
Byline Bancorp to acquire Inland Bancorp for ~$165M in cash and stock
Transaction valued at ~$165M: 6.4M Byline shares plus $22.9M cash; $4.90 per Inland share.
Byline Bancorp CFO Lindsay Corby resigns; Thomas Bell III appointed CFO
CFO Lindsay Corby to depart effective Aug 15, 2022; she leaves for an outside financial services role.
Effective October 3, 2023, following the recommendation by its Governance and Nominating Committee, the Board of Directors of each of Byline Bancorp, Inc. (“Byline” or the “Company”) and Byline Bank appointed Carlos Ruiz Sacristán, age 74, as a Director of Byline and Byline Bank.
Effective July 1, 2023, following the recommendation by its Governance and Nominating Committee, the Board of Directors of each of Byline Bancorp, Inc. (“Byline” or the “Company”) and Byline Bank appointed Pamela C. Stewart, age 66, as a Director of Byline and Byline Bank.
Resignation of Lindsay Corby as Chief Financial Officer; Appointment of Thomas J. Bell III as Chief Financial Officer and Maria Sherylle A. Olano as Chief Accounting Officer
Thomas J Bell, III, currently Senior Vice President, Treasurer, and a member of Byline's executive leadership team, will succeed Lindsay Corby as Chief Financial Officer, effective August 15, 2022.
Further, Byline announced that Ms. Maria Sherylle A. Olano, currently Senior Vice President, Corporate Controller of Byline Bank, will also assume the title of Senior Vice President, Chief Accounting Officer of the Company and Byline Bank effective August 15, 2022.
As previously disclosed in Byline’s 2022 Proxy Statement, effective as of the Annual Meeting on June 7, 2022, Mr. Steven M. Rull retired from his positions as a member of the Board and the Board Committees of the Company and Byline Bank, the Company’s bank subsidiary.
On April 18, 2022, upon the recommendation of the Governance and Nominating Committee, the Board appointed Margarita Hugues Vélez as a director of the Company, effective immediately.
On April 18, 2022, Mr. Steven M. Rull, a current director of Byline Bancorp, Inc. (the “Company”) and Byline Bank (the “Bank”), informed the Board of Directors (the “Board”) of the Company of his intention to retire from his position as a member of the Boards of the Company and the Bank, effective as of the Company’s 2022 Annual Stockholders Meeting to be held on June 7, 2022.
Max materiality 0.85 · Median 0.50 · Most common event earnings