Byline Bancorp (BY) Tops Q1 EPS by 20c

Byline Bancorp (NYSE: BY) reported Q1 EPS of $0.56, $0.20 better than the analyst estimate of $0.36.

Roberto R. Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, commented, “We delivered a very strong first quarter driven by solid loan and lease production and deposit gathering across our commercial banking platform, the continued reduction in our average cost of deposits, improved asset quality, and increased efficiencies following our ongoing branch consolidations. The significant progress we have made in enhancing our earnings power through organic growth and accretive acquisitions resulted in the highest return on average stockholders’ equity since our IPO in 2017.”

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

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