Byline Bancorp (BY) Tops Q2 EPS by 1c

July 25, 2019 4:36 PM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Byline Bancorp (NYSE: BY) reported Q2 EPS of $0.41, $0.01 better than the analyst estimate of $0.40.

  • Completed the acquisition of Oak Park River Forest Bankshares, Inc. on April 30, 2019, increasing our total assets to $5.4 billion at June 30, 2019
  • Net income of $13.2 million, or $0.34 per diluted share
    • Adjusted net income1 of $15.9 million, or $0.41 per adjusted diluted share
  • Net interest margin improves to 4.51% for the second quarter of 2019, compared to 4.43% for both the first quarter of 2019 and second quarter of 2018
  • Originated loans and leases grew to $2.6 billion at June 30, 2019, an increase of $96.8 million, or 3.9%, from March 31, 2019
  • Efficiency ratio of 61.19% for the second quarter of 2019, compared to 62.68% for the first quarter of 2019, and 83.26% for the second quarter of 2018
    • Adjusted efficiency ratio1 of 56.02% for the second quarter of 2019, compared to 59.55% for the first quarter of 2019, and 63.28% for the second quarter of 2018
  • Return on average assets of 1.00% for the second quarter of 2019, compared to 1.03% for the first quarter of 2019, and 0.29% for the second quarter of 2018
  • Return on average stockholders’ equity of 7.60% for the second quarter of 2019, compared to 7.75% for the first quarter of 2019, and 2.14% for the second quarter of 2018

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



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings

Related Entities

Earnings, Definitive Agreement