Byline Bancorp (BY) Tops Q3 EPS by 5c

Byline Bancorp (NYSE: BY) reported Q3 EPS of $0.39, $0.05 better than the analyst estimate of $0.34.

• Third quarter of 2018 net income of $14.5 million, or $0.39 per diluted share, a record high since our initial public offering
• Net interest margin increases to 4.73% compared to 4.43% for the second quarter of 2018
• Originated loans and leases grew to $2.1 billion, an increase of $261.4 million, or 14.6%, from the second quarter of 2018, and $592.2 million, or 40.2%, from the third quarter of 2017
• Efficiency ratio improves to 56.57% for the third quarter of 2018, compared to 83.35% for the second quarter of 2018, and 69.92% for the third quarter of 2017
• Return on average assets improves to 1.20% for the third quarter of 2018, compared to 0.29% for the second quarter of 2018, and 1.17% for the third quarter of 2017
• Return on stockholders’ equity improves to 9.22% for the third quarter of 2018, compared to 2.14% for the second quarter of 2018, and 8.44% for the third quarter of 2017

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

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