BY Latest Report

Financial Performance

Byline Bancorp's total operating revenue as of December 31, 2024 was RMB1,046.73 million, up 3.73% YoY. This growth indicates a slight improvement in the company's operating revenue, possibly reflecting an increase in its competitiveness in the market or the demand for its products/services.

Key Financial Data

1. The growth in total operating revenue was mainly driven by the downward adjustment of deposit rates and the reduction in liability costs, which eased the decline in net interest income and contributed to the overall revenue improvement.

2. The growth in non-interest income, especially in the bond market's good performance, was supported by investment income and gains from changes in fair value. Non-interest income achieved a 25.61% growth in the first three quarters, the only positive growth item for revenue.

3. The effective control of operating costs may have boosted net profit and strengthened profitability.

4. The improvement in the overall economic environment may have promoted the growth of banking business and raised the company's operating revenue.

Peer Comparison

1. Industry-wide analysis: The financial services industry as a whole showed an upward trend in operating revenue in 2024, with many banks and financial institutions experiencing revenue growth due to rising interest rates and increased loan demand. This suggests that the demand for financial services is recovering.

2. Peer evaluation analysis: Byline Bancorp's total operating revenue grew 3.73% YoY, showing relative competitiveness compared to CITIC Securities' 7.3% growth and Jiangsu Bank's 1.49% growth, but it is necessary to pay attention to the performance of other companies in the industry to assess market share pressure.

Summary

Byline Bancorp achieved a slight increase in operating revenue in 2024, mainly driven by the adjustment of deposit rates and the growth of non-interest income. Compared to the performance of peers, the company is in a relatively competitive position, but it is necessary to pay attention to market changes and peer performances.

Opportunities

1. With the recovery of market demand for financial services, Byline Bancorp can further expand its market share.

2. The strong growth of non-interest income provides diversified revenue sources and can continue to explore the growth potential of related businesses.

3. Favorable economic environment and policy support may provide good opportunities for the company's future business development.

Risks

1. Intensified industry competition may lead to a loss of market share, especially when other companies in the industry perform strongly.

2. Interest rate fluctuations may affect net interest income and, in turn, affect the overall revenue level.

3. Changes in regulatory policies may affect the company's business model and profitability, which requires vigilance.