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- **Record Financial Performance**: Q3 net income of $37M (+19% YoY) and EPS of $0.82, driven by 6% loan growth and 9bps NIM expansion to 4.27%.
- **Capital Flexibility**: $10B asset threshold expected in Q1 2026, with M&A pipeline active in the $400M-$2B range.
- **SBA Resilience**: Government shutdown delays gain-on-sale income but preserves credit quality, with loans held on balance sheet.
- **Efficiency Improvement**: 51% efficiency ratio, lowest in 3 years, supported by 11bps deposit cost decline.
- **Strategic Expansion**: Commercial payments pipeline growing, targeting high-volume ACH and payroll processors.

**【Management Opening Remarks】**
- Roberto Herencia highlighted 12 consecutive quarters of strong financial performance, emphasizing team contributions and capital flexibility. The company anticipates crossing the $10 billion asset threshold in Q1 2026, delaying Durbin Act impacts until 2027.
- Byline was recognized as an SBA 7(a)/504 Lender of the Year and ranked among Chicago's top workplaces, reflecting employee engagement and low turnover.

**【CFO Financial Commentary】**
- **Revenue & Profitability**: Q3 net income of $37M ($0.82 EPS), up 19% YoY. Revenue grew 13.6% YoY to $116M, driven by loan growth and improved margins.
- **Net Interest Margin (NIM)**: Expanded 9bps to 4.27%, benefiting from a 11bps decline in deposit costs to 2.16% and higher asset yields.
- **Balance Sheet Growth**: Loans increased 6% QoQ to $7.5B, while deposits rose 1% QoQ to $7.8B. Origination activity reached $264M, up 25% YoY.
- **Credit Quality**: Provision for credit losses decreased 55% QoQ to $5.3M. NPLs declined to 85bps, and NPAs fell to 69bps of assets.
- **Capital Strength**: CET1 ratio at 12.15%, with tangible book value per share up 5% QoQ and 12% YoY.

**【Q&A Highlights】**
- **Government Shutdown Impact**: SBA loan originations continue, but gain-on-sale income delayed due to secondary market sales suspension. Management expects minimal impact on credit quality.
- **M&A Strategy**: Open to disciplined deals in the $400M-$2B range, focusing on deposit-acquisition opportunities in the Chicago metro area.
- **Durbin Act Preparedness**: Anticipated 2027 impact of $4.5M-$5M annually, including FDIC fee increases.
- **Commercial Payments Expansion**: Pipeline building for high-volume ACH and payroll processing clients, with onboarding expected to begin in Q4 2025.
- **Expense Management**: Efficiency ratio improved to 51%, with plans to maintain or reduce expenses in 2026 despite potential incentive comp resets.


Byline Bancorp (BY)-24 Oct 25-2025 Q3 Earnings call transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

BY

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