Byline Bancorp (BY) Tops Q4 EPS by 1c

Byline Bancorp (NYSE: BY) reported Q4 EPS of $0.24, $0.01 better than the analyst estimate of $0.23.

Fourth Quarter 2017 Summary

• Net loss of $766,000, or $0.03 per diluted share
• Adjusted net income (non-GAAP) of $7.3 million, or $0.24 per diluted share, excluding significant items for:
  • Incremental tax expense of $7.2 million, or $0.24 per diluted share, from enactment of Tax Cuts and Jobs Act
  • Merger-related expenses of $1.3 million, or $0.04 per diluted share
• Net interest margin improves to 4.26%
• Loan originations of $120.7 million
• Entered into an agreement to acquire First Evanston Bancorp, Inc.
• Efficiency ratio of 66.06%

For earnings history and earnings-related data on Byline Bancorp (BY) click here.

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