BYLINE BANCORP, INC.

Previous wording

We reported consolidated net income of $40.2 million, or $0.90 per basic and $0.90 per diluted common share, for the three months ended June 30, 2026, compared to net income of $30.1 million, or $0.66 per basic and per diluted common share, for the three months ended June 30, 2025, an increase of $10.1 million. The increase in net income was principally attributable to a $4.9 million increase in net interest income and $4.8 million decrease in the provision for credit losses, partially offset by a $5.0 million increase to provision for income taxes.

Current wording

We reported consolidated net income of $41.8 million, or $0.94 per basic and diluted common share, for the three months ended September 30, 2026, compared to net income of $37.2 million, or $0.82 per basic and per diluted common share, for the three months ended September 30, 2025, an increase of $4.6 million, or 12.3%. The increase in net income was principally attributable to a $3.8 million increase in net interest income, a $1.5 million increase in non-interest income, and a $718,000 reduction in non-interest expense, partially offset by a $1.5 million increase to the provision for credit losses.

Previous wording

We reported consolidated net income of $77.8 million, or $1.74 per basic and $1.73 per diluted common share, for the six months ended June 30, 2026, compared to net income of $58.3 million, or $1.31 per basic and $1.30 per diluted common share, for the six months ended June 30, 2025, an increase of $19.4 million. The increase in net income was principally attributable to a $16.5 million increase in net interest income and an $8.4 million decrease in the provision for credit losses, partially offset by a $7.9 million increase to provision for income taxes.

Current wording

We reported consolidated net income of $119.5 million, or $2.68 per basic and $2.67 per diluted common share, for the nine months ended September 30, 2026, compared to net income of $95.5 million, or $2.14 per basic and $2.12 per diluted common share, for the nine months ended September 30, 2025, an increase of $24.0 million, or 25.1%. The increase in net income was principally attributable to a $20.3 million increase in net interest income and a $7.0 million decrease in the provision for credit losses, partially offset by a $7.9 million increase to provision for income taxes.

Previous wording

Dividends declared on common shares were $5.4 million and $4.6 million for the three months ended June 30, 2026 and 2025, respectively. Dividends paid on common shares were $5.7 million and $4.8 million for the three months ended June 30, 2026 and 2025, respectively.

Current wording

Dividends declared on common shares were $6.3 million and $4.6 million for the three months ended September 30, 2026 and 2025, respectively. Dividends paid on common shares were $6.2 million and $4.5 million for the three months ended September 30, 2026 and 2025, respectively.

Previous wording

Dividends declared on common shares were $10.9 million and $9.1 million for the six months ended June 30, 2026 and 2025, respectively. Dividends paid on common shares were $11.1 million and $9.1 million for the six months ended June 30, 2026 and 2025, respectively.

Current wording

Dividends declared on common shares were $17.2 million and $13.6 million for the nine months ended September 30, 2026 and 2025, respectively. Dividends paid on common shares were $17.3 million and $13.7 million for the nine months ended September 30, 2026 and 2025, respectively.

Previous wording

Our results of operations for the three months ended June 30, 2026 and 2025 yielded an annualized return on average assets of 1.63% and 1.25%, and an annualized return on average stockholders’ equity of 12.05% and 10.24%, respectively. Our results of operations for the six months ended June 30, 2026 and 2025 yielded an annualized return on average assets of 1.59% and 1.25%, and an annualized return on average stockholders’ equity of 11.74% and 10.28%, respectively.

Current wording

Our results of operations for the three months ended September 30, 2026 and 2025 yielded an annualized return on average assets of 1.67% and 1.52%, and an annualized return on average stockholders’ equity of 12.34% and 12.21%, respectively. Our results of operations for the nine months ended September 30, 2026 and 2025 yielded an annualized return on average assets of 1.62% and 1.34%, and an annualized return on average stockholders’ equity of 11.94% and 10.95%, respectively.

Previous wording

As of June 30, 2026, we had consolidated total assets of $9.9 billion, total gross loans and leases outstanding of $7.6 billion, total deposits of $7.9 billion, and total stockholders’ equity of $1.3 billion.

Current wording

As of September 30, 2026, we had consolidated total assets of $9.9 billion, total gross loans and leases outstanding of $7.5 billion, total deposits of $8.0 billion, and total stockholders’ equity of $1.3 billion.

Previous wording

(3) Calculation excludes merger-related expenses, secondary public offering of common stock expense, and impairment on assets held for sale.

Current wording

(3) Calculation excludes merger-related expenses, secondary public offering of common stock expense, loss on extinguishment of debt, and impairment on assets held for sale.

Previous wording

We also recognize income from the accretable discounts associated with the purchase of interest-earning assets. Because of our recapitalization and acquisitions, we derive a portion of our interest income from the accretable discounts on purchase credit deteriorated and acquired non-credit-deteriorated loans. The accretion is generally recognized over the life of the loan and is impacted by changes in expected cash flows on the loan. This accretion will continue to have an impact on our net interest income as long as loans acquired with a discount at acquisition represent a meaningful portion of our interest-earning assets. As of June 30, 2026, purchased credit deteriorated loans accounted for under ASC Topic 326 represented 1.1% of our loan and lease portfolio compared to 1.4% at December 31, 2025.

Current wording

We also recognize income from the accretable discounts associated with the purchase of interest-earning assets. Because of our recapitalization and acquisitions, we derive a portion of our interest income from the accretable discounts on purchased credit deteriorated and acquired non-credit-deteriorated loans. The accretion is generally recognized over the life of the loan and is impacted by changes in expected cash flows on the loan. This accretion will continue to have an impact on our net interest income as long as loans acquired with a discount at acquisition represent a portion of our interest-earning assets. As of September 30, 2026, purchased credit deteriorated loans accounted for under ASC Topic 326 represented 1.0% of our loan and lease portfolio compared to 1.4% at December 31, 2025.

Previous wording

Loan and lease balances are net of deferred origination fees and costs and initial direct costs. Fees included in loan and lease interest income were $2.6 million and $2.3 million for each of the three months ended June 30, 2026 and 2025, respectively. Non-accrual loans and leases are included in total loan and lease balances.

Current wording

Loan and lease balances are net of deferred origination fees and costs and initial direct costs. Fees included in loan and lease interest income were $2.7 million and $2.6 million for each of the three months ended September 30, 2026 and 2025, respectively. Non-accrual loans and leases are included in total loan and lease balances.

Previous wording

Loan and lease balances are net of deferred origination fees and costs and initial direct costs. Fees included in loan and lease interest income were $5.0 million and $4.6 million for the six months ended June 30, 2026 and 2025, respectively. Non-accrual loans and leases are included in total loan and lease balances.

Current wording

Loan and lease balances are net of deferred origination fees and costs and initial direct costs. Fees included in loan and lease interest income were $7.4 million and $6.4 million for the nine months ended September 30, 2026 and 2025, respectively. Non-accrual loans and leases are included in total loan and lease balances.

Previous wording

Net interest income for the three months ended June 30, 2026 was $100.8 million compared to $96.0 million during the same period in 2025, an increase of $4.9 million, or 5.1%. Interest income decreased $233,000 for the three months ended June 30, 2026 compared to the same period in 2025 primarily a result of lower yields on the loan and lease portfolio, partially offset by growth in the loan and lease portfolio. Interest expense decreased by $5.1 million for the three months ended June 30, 2026 compared to the same period in 2025 mostly due to lower rates paid on interest-bearing deposits, primarily money market accounts and time deposits.

Current wording

Net interest income for the three months ended September 30, 2026 was $103.7 million compared to $99.9 million during the same period in 2025, an increase of $3.8 million, or 3.8%. Interest income decreased $1.0 million for the three months ended September 30, 2026 compared to the same period in 2025 primarily a result of lower yields on loans and leases. Interest expense decreased by $4.8 million for the three months ended September 30, 2026 compared to the same period in 2025 mostly due to lower rates paid on money market accounts and time deposits, as well as lower average balances on money market accounts.

Previous wording

Net interest income for the six months ended June 30, 2026 was $200.7 million compared to $184.2 million during the same period in 2025, an increase of $16.5 million, or 9.0%. Interest income increased $6.6 million for the six months ended June 30, 2026 compared to the same period in 2025 primarily from growth in the loan and lease portfolio, offset by lower yields on loans and leases. Interest expense decreased by $9.9 million for the six months ended June 30, 2026 compared to the same period in 2025 mostly due lower rates paid on interest-bearing deposits, primarily money market accounts and time deposits.

Current wording

Net interest income for the nine months ended September 30, 2026 was $304.4 million compared to $284.1 million during the same period in 2025, an increase of $20.3 million, or 7.1%. Interest income increased $5.5 million for the nine months ended September 30, 2026 compared to the same period in 2025 primarily from higher average loan and lease balances. Interest expense decreased by $14.7 million, or 10.2% for the nine months ended September 30, 2026 compared to the same period in 2025, mostly due to lower rates paid on interest-bearing deposits.

Previous wording

The net interest margin for the three months ended June 30, 2026 was 4.28%, an increase of ten basis points compared to 4.18% for the three months ended June 30, 2025. The increase was primarily attributable to lower rates paid on money market accounts and time deposits, offset by lower yields on loans and leases. The net interest margin for the six months ended June 30, 2026 was 4.30%, an increase of 17 basis points compared to 4.13% for the six months ended June 30, 2025. The increase was primarily attributable to lower rates paid on money market accounts and time deposits, offset by lower yields on loans and leases.

Current wording

The net interest margin for the three months ended September 30, 2026 was 4.33%, an increase of six basis points compared to 4.27% for the three months ended September 30, 2025. The increase was primarily attributable to lower rates paid on interest-bearing deposits and borrowed funds, offset by lower yields on loans and leases. The net interest margin for the nine months ended September 30, 2026 was

Previous wording

Net loan accretion income was $2.5 million for the three months ended June 30, 2026 compared to $3.0 million for the three months ended June 30, 2025, a decrease of $502,000 mainly due to acquired loans converting to originated. Total net loan accretion on acquired loans contributed 11 basis points to the net interest margin for the three months ended June 30, 2026 compared to 13 basis points for the three months ended June 30, 2025. Net loan accretion income was $4.4 million for the six months ended June 30, 2026 compared to $5.6 million for the six months ended June 30, 2025, a decrease of $1.1 million due to acquired loans converting to originated and charge-offs of PCD loans. Total net loan accretion on acquired loans contributed ten basis points to the net interest margin for the six months ended June 30, 2026 compared to 12 basis points for the six months ended June 30, 2025. Estimated projected accretion income for the remaining periods as of June 30, 2026 is summarized as follows (dollars in thousands):

Current wording

Net loan accretion income was $1.5 million for the three months ended September 30, 2026 compared to $2.5 million for the three months ended September 30, 2025, a decrease of $994,000 mainly due to acquired loans renewed and reclassified as originated. Total net loan accretion on acquired loans contributed six basis points to the net interest margin for the three months ended September 30, 2026 compared to 11 basis points for the three months ended September 30, 2025. Net loan accretion income was $6.0 million for the nine months ended September 30, 2026 compared to $8.1 million for the nine months ended September 30, 2025, a decrease of $2.1 million due to acquired loans renewed and reclassified as originated. Total net loan accretion on acquired loans contributed eight basis points to the net interest margin for the nine months ended September 30, 2026 compared to 12 basis points for the nine months ended September 30, 2025. Estimated projected accretion income for the remaining periods as of September 30, 2026 is summarized as follows (dollars in thousands):

Previous wording

(2) Projections are undated quarterly, assume no prepayments, and are subject to change.

Current wording

(2) Projections are updated quarterly, assume no prepayments, and are subject to change.

Previous wording

The provision for credit losses was $7.2 million for the three months ended June 30, 2026, compared to $11.9 million for the three months ended June 30, 2025, a decrease of $4.8 million and is comprised of a provision for credit losses - loans and leases and a provision for credit losses - unfunded commitments. Provision for credit losses - loans and leases was $7.4 million for the three months ended June 30, 2026, and $11.8 million for the three months ended June 30, 2025, a decrease of $4.3 million. The provision for credit losses - unfunded commitments was a recapture of $266,000 and a provision of $166,000 for the three months ended June 30, 2026 and 2025, respectively.

Current wording

The provision for credit losses was $6.7 million for the three months ended September 30, 2026, compared to $5.3 million for the three months ended September 30, 2025, an increase of $1.5 million and is comprised of a provision for credit losses - loans and leases and a provision for credit losses - unfunded commitments. Provision for credit losses - loans and leases was $7.0 million for the three months ended September 30, 2026, and $5.1 million for the three months ended September 30, 2025, an increase of $1.9 million. The provision for credit losses - unfunded commitments was a recapture of $277,000 and a provision of $201,000 for the three months ended September 30, 2026 and 2025, respectively.

Previous wording

The provision for credit losses was $12.7 million for the six months ended June 30, 2026, compared to $21.1 million for the six months ended June 30, 2025, a decrease of $8.4 million. Provision for credit losses - loans and leases was $13.4 million for the six months ended June 30, 2026, and $20.8 million for the six months ended June 30, 2025, a decrease of $7.4 million. On April 1, 2025, a provision for credit losses of $864,000 was recorded on acquired non-credit-deteriorated loans related to the First Security acquisition. The provision for credit losses - unfunded commitments reflects a recapture of $724,000 and a provision of $269,000 for the six months ended June 30, 2026 and 2025, respectively.

Current wording

The provision for credit losses was $19.4 million for the nine months ended September 30, 2026, compared to $26.4 million for the nine months ended September 30, 2025, a decrease of $7.0 million. Provision for credit losses - loans and leases was $20.4 million for the nine months ended September 30, 2026, and $25.9 million for the nine months ended September 30, 2025, a decrease of $5.5 million. On April 1, 2025, a provision for credit losses of $864,000 was recorded on acquired non-credit-deteriorated loans related to the First Security acquisition. The provision for credit losses - unfunded commitments reflects a recapture of $1.0 million and a provision of $470,000 for the nine months ended September 30, 2026 and 2025, respectively.

Previous wording

Fees and service charges on deposits represent amounts charged to customers for banking services, such as fees on deposit accounts, and include, but are not limited to, maintenance fees, insufficient fund fees, overdraft protection fees, wire transfer fees, treasury management fees, and other charges. Fees and service charges on deposits were $2.9 million and $2.6 million for the three months ended June 30, 2026 and 2025, respectively. Fees and service charges on deposits were $5.8 million and $5.3 million for the six months ended June 30, 2026 and 2025, respectively. The increases were primarily due to growth in deposits and increased fees.

Current wording

Fees and service charges on deposits represent amounts charged to customers for banking services, such as fees on deposit accounts, and include, but are not limited to, maintenance fees, insufficient fund fees, overdraft protection fees, wire transfer fees, treasury management fees, and other charges. Fees and service charges on deposits were $2.9 million and $2.7 million for the three months ended September 30, 2026 and 2025, respectively, an increase of $184,000 or 6.7%. Fees and service charges on deposits were $8.7 million and $8.1 million for the nine months ended September 30, 2026 and 2025, respectively, an increase of $620,000 or 7.7%. The increases were primarily due to growth in deposits and increased fees.

Previous wording

While portions of the loans that we originate are sold and generate gains on sale revenue, servicing rights for the majority of loans that we sell are retained by us. In exchange for continuing to service loans that have been sold, we receive servicing revenue from a portion of the interest cash flow of the loan. We generated $3.0 million and $3.1 million in loan servicing revenue on the sold portion of the U.S. government guaranteed loans for the three months ended June 30, 2026 and 2025, respectively. We generated $6.1 million in loan servicing revenue on the sold portion of the U.S. government guaranteed loans for each of the six months ended June 30, 2026 and 2025. The decrease in revenue in each period is due to lower volume of loans serviced. At June 30, 2026 and 2025, the outstanding balance of guaranteed loans serviced was $1.6 billion and $1.7 billion, respectively.

Current wording

While portions of the loans that we originate are sold and generate gains on sale revenue, servicing rights for the majority of loans that we sell are retained by us. In exchange for continuing to service loans that have been sold, we receive servicing revenue from a portion of the interest cash flow of the loan. We generated $3.1 million in loan servicing revenue on the sold portion of the U.S. government guaranteed loans for the each of three months ended September 30, 2026 and 2025. We generated $9.2 million in loan servicing revenue on the sold portion of the U.S. government guaranteed loans for each of the nine months ended September 30, 2026 and 2025.

Previous wording

Loan servicing asset revaluation represents net changes in the fair value of our servicing assets. Loan servicing asset revaluation had a downward adjustment of $1.1 million and $2.1 million for the three months ended June 30, 2026 and 2025, respectively, a change of $1.0 million. Loan servicing asset revaluation had a downward adjustment of $3.0 million and $3.2 million for the six months ended June 30, 2026 and 2025, respectively, a change of $213,000. Change in the revaluations were mainly due to changes in the size of the serviced loan portfolio, offset by decreases to the discount rate and longer weighted-average life of the loans.

Current wording

Loan servicing asset revaluation represents net changes in the fair value of our servicing assets. Loan servicing asset revaluation had a downward adjustment of $1.8 million and $1.3 million for the three months ended September 30, 2026 and 2025, respectively, a change of $497,000, or 38.3%. Loan servicing asset revaluation had a downward adjustment of $4.8 million and $4.5 million for the nine months ended September 30, 2026 and 2025, respectively, a change of $284,000, or 6.3%. Change in the revaluations were mainly due to changes in the servicing asset portfolio composition and higher prepayment speeds compared to the same period last year.

Previous wording

ATM and interchange fees were $1.4 million for the three months ended June 30, 2026 compared to $1.1 million for the three months ended June 30, 2025, an increase of $318,000 or 30.0%. ATM and interchange fees were $2.3 million for the six months ended June 30, 2026 compared to $2.1 million for the six months ended June 30, 2025, an increase of $215,000 or 10.3%. The increases were primarily due to higher interchange fees and higher third-party merchant fees.

Current wording

ATM and interchange fees were $1.3 million for the three months ended September 30, 2026 compared to $1.0 million for the three months ended September 30, 2025, an increase of $274,000 or 27.0%. ATM and interchange fees were $3.6 million for the nine months ended September 30, 2026 compared to $3.1 million for the nine months ended September 30, 2025, an increase of $489,000 or 15.7%. The increases were primarily due to higher interchange fees.

Previous wording

Net gains on sales of loans were $6.1 million for the three months ended June 30, 2026 compared to $5.4 million for the three months ended June 30, 2025, an increase of $681,000 or 12.6%. We sold $78.1 million of U.S. government guaranteed loans during the three months ended June 30, 2026 compared to $73.0 million during the three months ended June 30, 2025. Net gains on sales of loans were $11.6 million for the six months ended June 30, 2026 compared to $10.4 million for the six months ended June 30, 2025, an increase of $1.2 million or 11.7%. The increases were mainly due to an increase in guaranteed balances sold. We sold $149.9 million of U.S. government guaranteed loans during the six months ended June 30, 2026 compared to $143.2 million during the six months ended June 30, 2025.

Current wording

Net gains on sales of loans were $5.8 million for the three months ended September 30, 2026 compared to $7.0 million for the three months ended September 30, 2025, a decrease of $1.2 million or 16.9%. We sold $70.8 million of U.S. government guaranteed loans during the three months ended September 30, 2026 compared to $92.9 million during the three months ended September 30, 2025. Net gains on sales of loans were $17.4 million for the nine months ended September 30, 2026 compared to $17.3 million for the nine months ended September 30, 2025, an increase of $32,000. We sold $235.6 million of U.S. government guaranteed loans during the nine months ended September 30, 2026 compared to $236.1 million during the nine months ended September 30, 2025.

Previous wording

Wealth management and trust income represents fees charged to customers for investment, trust, or wealth management services and are primarily determined by total assets under administration. Wealth management and trust income was $1.3 million for the three months ended June 30, 2026 compared to $1.1 million for the three months ended June 30, 2025, an increase of $196,000 or 18.3%. Wealth management and trust income was $2.5 million for the six months ended June 30, 2026 compared to $2.2 million for the six months ended June 30, 2025, an increase of $376,000 or 17.5%. The increases were primarily driven by increases to assets under management. Assets under management were $1.0 billion and $869.1 million as of June 30, 2026 and 2025, respectively, an increase of $138.6 million or 16.0%.

Current wording

Wealth management and trust income represents fees charged to customers for investment, trust, or wealth management services and are primarily determined by total assets under administration. Wealth management and trust income was $1.4 million for each of the three months ended September 30, 2026 and 2025. Wealth management and trust income was $3.9 million for the nine months ended September 30, 2026 compared to $3.5 million for the nine months ended September 30, 2025, an increase of $404,000 or 11.5%. This increase was primarily attributable to higher average assets under administration during the nine months ended September 30, 2026. Assets under administration were $952.1 million and $807.2 million as of September 30, 2026 and 2025, respectively, an increase of $144.9 million or 18.0%. Assets under management were $1.1 billion and $857.4 million as of September 30, 2026 and 2025, respectively, an increase of $222.9 million or 26.0%.

Previous wording

Other non-interest income was $2.5 million for the three months ended June 30, 2026, compared to $3.3 million for the three months ended June 30, 2025, a decrease of $799,000 or 24.0%. Other non-interest income was $4.4 million for the six months ended June 30, 2026 compared to $5.6 million for the six months ended June 30, 2025, a decrease of $1.2 million or 21.7%. These decreases were primarily driven by lower swap fee income, lower gains on sales of leased equipment and higher income associated with bank owned life insurance during 2025.

Current wording

Other non-interest income was $4.4 million for the three months ended September 30, 2026, compared to $2.3 million for the three months ended September 30, 2025, an increase of $2.2 million or 95.1%. Other non-interest income was $8.8 million for the nine months ended September 30, 2026 compared to $7.9 million for the nine months ended September 30, 2025, an increase of $941,000 or 11.9%. These increases were primarily driven by increased swap income and higher income associated with bank owned life insurance.

Previous wording

Salaries and employee benefits, the single largest component of our non-interest expense, totaled $35.7 million and $37.8 million for the three months ended June 30, 2026 and 2025, respectively, a decrease of $2.2 million, or 5.7%. Salaries and employee benefits, totaled $71.9 million for the six months ended June 30, 2026 compared to $74.1 million for the six months ended June 30, 2025, a decrease of $2.2 million, or 2.9%. These decreases were primarily a result of merger-related expenses incurred during the three and six months ended June 30, 2025.

Current wording

Salaries and employee benefits, the single largest component of our non-interest expense, totaled $39.1 million and $37.5 million for the three months ended September 30, 2026 and 2025, respectively, an increase of $1.6 million, or 4.2%. This increase was primarily driven by higher incentive compensation, offset by lower health insurance costs. Salaries and employee benefits, totaled $111.0 million for the nine months ended September 30, 2026 compared to $111.6 million for the nine months ended September 30, 2025, a decrease of $593,000, or 0.5%. The decrease was primarily driven by merger-related expenses incurred during the nine months-ended September 30, 2025, and lower health insurance costs, offset by higher incentive compensation.

Previous wording

Occupancy and equipment expenses, net was $4.1 million for the three months ended June 30, 2026, compared to $4.7 million for the three months ended June 30, 2025, a decrease of $674,000 or 14.2%. Occupancy and equipment expenses, net was $8.5 million for the six months ended June 30, 2026, compared to $9.6 million for the six months ended June 30, 2025, a decrease of $1.1 million or 11.3%. The decreases in both periods were driven by lower depreciation expense on software, lower maintenance expenses, and lower rent expenses.

Current wording

Occupancy and equipment expenses, net was $3.9 million for the three months ended September 30, 2026, compared to $4.5 million for the three months ended September 30, 2025, a decrease of $659,000 or 14.6%. Occupancy and equipment expenses, net was $12.4 million for the nine months ended September 30, 2026, compared to $14.1 million for the nine months ended September 30, 2025, a decrease of $1.7 million or 12.3%. The decreases in both periods were driven by lower software depreciation, building maintenance, and rent expense.

Previous wording

Other non-interest expense was $6.0 million for the three months ended June 30, 2026 compared to $4.8 million for the three months ended June 30, 2025, an increase of $1.2 million or 25.2%. Other non-interest expense was $11.4 million for the six months ended June 30, 2026, compared to $9.7 million for the six months ended June 30, 2025, an increase of $1.7 million or 17.0%. The increase for both periods was primarily driven by a gain on the sale of asset recorded in the three months ended June 30, 2025 and increases in advertising and promotions for the three and six months ended June 30, 2026.

Current wording

Other non-interest expense was $6.3 million for both the three months ended September 30, 2026 and 2025. Other non-interest expense was $17.7 million for the nine months ended September 30, 2026, compared to $16.1 million for the nine months ended September 30, 2025, an increase of $1.7 million, or 10.4%. The increase for the nine month period was primarily driven by an impairment to securities taken during 2026.

Previous wording

Our efficiency ratio was 46.93% for the three months ended June 30, 2026 compared to 52.61% for the three months ended June 30, 2025. Our adjusted efficiency ratio was 46.51% for the three months ended June 30, 2026 compared to 48.20% for the three months ended June 30, 2025. The change in our efficiency ratio was mainly driven by higher net interest income and lower non-interest expense. Our efficiency ratio was 48.32% for the six months ended June 30, 2026, compared to 53.11% for the six months ended June 30, 2025. Our adjusted efficiency ratio was 48.11% for the six months ended June 30, 2026, compared to 50.54% for the six months ended June 30, 2025. The change in our efficiency ratio was principally driven by higher net interest income.

Current wording

Our efficiency ratio was 48.40% for the three months ended September 30, 2026 compared to 51.00% for the three months ended September 30, 2025. Our adjusted efficiency ratio was 48.40% for the three months ended September 30, 2026 compared to 50.27% for the three months ended September 30, 2025. Our efficiency ratio was 48.35% for the nine months ended September 30, 2026, compared to 52.37% for the nine months ended September 30, 2025. Our adjusted efficiency ratio was 48.21% for the nine months ended September 30, 2026, compared to 50.44% for the nine months ended September 30, 2025. The changes in our efficiency ratio were mainly driven by higher net interest income and lower non-interest expense.

Previous wording

Our provision for income taxes for the six months ended June 30, 2026 totaled $26.0 million compared to $18.1 million for the six months ended June 30, 2025, an increase of $7.9 million or 43.8%. The increase in income tax expense was principally due higher net income before provision for income taxes, and lower discrete tax benefit due to the exercise of stock options and vesting of restricted shares. Our effective tax rate was 25.0% for the six months ended June 30, 2026 and 23.7% for the six months ended June 30, 2025.

Current wording

Our provision for income taxes for the nine months ended September 30, 2026 totaled $38.7 million compared to $30.8 million for the nine months ended September 30, 2025, an increase of $7.9 million or 25.6%. The increase in income tax expense was principally due higher net income before provision for income taxes. Our effective tax rate was 24.4% for both the nine months ended September 30, 2026 and 2025.

Previous wording

We expect our effective tax rate for 2026 to be approximately 25-27%.

Current wording

We expect our effective tax rate for 2026 to be approximately 25-26%.

Previous wording

Our total assets increased by $279.8 million, or 2.9%, to $9.9 billion at June 30, 2026 compared to $9.7 billion at December 31, 2025. The increase in total assets was primarily due to an increase in securities available-for-sale of $211.6 million, or 15.1%.

Current wording

Our total assets increased by $246.1 million, or 2.5%, to $9.9 billion at September 30, 2026 compared to $9.7 billion at December 31, 2025. The increase in total assets was primarily due to an increase in securities available-for-sale of $234.9 million, or 16.7%.

Previous wording

Total liabilities increased by $243.5 million, or 2.9%, to $8.6 billion at June 30, 2026 compared to $8.4 billion at December 31, 2025. Total deposits increased by $223.3 million, or 2.9%, driven by growth in interest-bearing checking accounts and time deposits. Other borrowings increased by $40.9 million, or 9.7%, due to increased FHLB advances.

Current wording

Total liabilities increased by $238.8 million, or 2.8%, to $8.6 billion at September 30, 2026 compared to $8.4 billion at December 31, 2025. Total deposits increased by $391.7 million, or 5.1%, driven by growth in interest-bearing checking accounts and time deposits. Other borrowings decreased by $147.0 million, or 35.0%, mainly due to decreased FHLB advances.

Previous wording

Our investment securities portfolio consists of securities classified as available-for-sale. There were no securities classified held-to-maturity or as trading in our investment portfolio as of June 30, 2026 or December 31, 2025. All available-for sale securities are carried at fair value and may be used for liquidity purposes should management consider it to be in our best interest. Securities available-for-sale consist primarily of residential mortgage-backed securities, commercial mortgage-backed securities and U.S. government agencies securities.

Current wording

Our investment securities portfolio consists of securities classified as available-for-sale. There were no securities classified held-to-maturity or as trading in our investment portfolio as of September 30, 2026 or December 31, 2025. All available-for-sale securities are carried at fair value and may be used for liquidity purposes should management consider it to be in our best interest. Securities available-for-sale consist primarily of residential mortgage-backed securities, commercial mortgage-backed securities and U.S. government agency securities.

Previous wording

Securities available-for-sale increased by $211.6 million, or 15.1%, from $1.4 billion at December 31, 2025 to $1.6 billion at June 30, 2026. The increase was primarily attributed to purchases of securities, mainly mortgage-backed securities.

Current wording

Securities available-for-sale increased by $234.9 million, or 16.7%, from $1.4 billion at December 31, 2025 to $1.6 billion at September 30, 2026. The increase was primarily attributed to purchases of securities, mainly mortgage-backed securities.

Previous wording

Certain securities have fair values less than amortized cost and, therefore, contain unrealized losses. At June 30, 2026, we evaluated the securities that had an unrealized loss for credit losses and determined there were none. There were 252 investment securities with unrealized losses at June 30, 2026. We anticipate full recovery of amortized cost with respect to these securities by maturity, or sooner in the event of a more favorable market interest rate environment. We do not intend to sell these securities and it is not more likely than not that we will be required to sell them before recovery of their amortized cost basis, which may be at maturity.

Current wording

Certain securities have fair values less than amortized cost and, therefore, contain unrealized losses. At September 30, 2026, we evaluated the securities that had an unrealized loss for credit losses and determined there were none. There were 316 investment securities with unrealized losses at September 30, 2026. We anticipate full recovery of amortized cost with respect to these securities by maturity, or sooner in the event of a more favorable market interest rate environment. We do not intend to sell these securities, and it is not more likely than not that we will be required to sell them before recovery of their amortized cost basis, which may be at maturity. Refer to Note 4—Securities for additional information.

Previous wording

The following table (dollars in thousands) set forth certain information regarding contractual maturities and the weighted average yields of our investment securities as of June 30, 2026. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

Current wording

The following table (dollars in thousands) sets forth certain information regarding contractual maturities and the weighted average yields of our investment securities as of September 30, 2026. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

Previous wording

Total non-taxable securities classified as obligations of states, municipalities and political subdivisions were $23.4 million at June 30, 2026, a decrease of $15.5 million from December 31, 2025.

Current wording

Total non-taxable securities classified as obligations of states, municipalities and political subdivisions were $22.1 million at September 30, 2026, a decrease of $16.9 million from December 31, 2025.

Previous wording

As a member of the FHLB system, Byline Bank is required to maintain an investment in the capital stock of the FHLB. No market exists for this stock, and it has no quoted market value. The stock is redeemable at par by the FHLB and is, therefore, carried at cost. In addition, Byline Bank owns stock of Bankers’ Bank that was acquired as part of a bank acquisition. The stock is redeemable at par and carried at cost. As of June 30, 2026 and December 31, 2025, we held $18.8 million and $21.3 million, respectively, in FHLB and Bankers’ Bank stock. We evaluate impairment of our investment in FHLB and Bankers’ Bank based on the ultimate recoverability of the par value rather than by recognizing temporary declines in value. We did not identify any indicators of impairment of FHLB and Bankers’ Bank stock as of June 30, 2026 and December 31, 2025.

Current wording

As a member of the FHLB system, Byline Bank is required to maintain an investment in the capital stock of the FHLB. No market exists for this stock, and it has no quoted market value. The stock is redeemable at par by the FHLB and is, therefore, carried at cost. In addition, Byline Bank owns stock of Bankers’ Bank that was acquired as part of a bank acquisition. The stock is redeemable at par and carried at cost. As of September 30, 2026 and December 31, 2025, we held $10.3 million and $21.3 million, respectively, in FHLB and Bankers’ Bank stock. We evaluate impairment of our investment in FHLB and Bankers’ Bank based on the ultimate recoverability of the par value rather than by recognizing temporary declines in value. We did not identify any indicators of impairment of FHLB and Bankers’ Bank stock as of September 30, 2026 and December 31, 2025.

Previous wording

Lending-related income is the most important component of our net interest income and is the main driver of the results of our operations. Total loans and leases were $7.5 billion at June 30, 2026, an increase of an increase of $33.0 million, or 0.4% from December 31, 2025. Originated loans and leases were $7.1 billion at June 30, 2026, an increase of $192.3 million, or 2.8%, compared to $6.9 billion at December 31, 2025. Purchased credit deteriorated loans and acquired non-credit-deteriorated loans and leases were $472.9 million at June 30, 2026, a decrease of $159.2 million, or 25.2%, compared to $632.1 million at December 31, 2025. The increase in our originated portfolio was primarily attributed to organic loan and lease growth, and renewals of acquired loans and leases that are now reflected with originated loans. The decrease in the purchased credit deteriorated and acquired non-credit-deteriorated loan and lease portfolio was driven by renewals reflected in originated loans as well as resolutions.

Current wording

Lending-related income is the most important component of our net interest income and is the main driver of the results of our operations. Total loans and leases were $7.5 billion at September 30, 2026, a decrease of $47.9 million, or 0.6% from December 31, 2025. Originated loans and leases were $7.1 billion at September 30, 2026, an increase of $159.7 million, or 2.3%, compared to $6.9 billion at December 31, 2025. Purchased credit deteriorated loans and acquired non-credit-deteriorated loans and leases were $424.6 million at September 30, 2026, a decrease of $207.5 million, or 32.8%, compared to $632.1 million at December 31, 2025. The increase in our originated portfolio was primarily attributed to organic loan growth, and renewals of acquired loans and leases that are now reflected with originated loans. The decrease in the purchased credit deteriorated and acquired non-credit-deteriorated loan and lease portfolio was driven by renewals reflected in originated loans as well as resolutions.

Previous wording

We strive to maintain a relatively diversified loan portfolio to help reduce the risk inherent in concentration in certain types of collateral. Loans, excluding leases, are typically made to real estate, manufacturing, wholesale, retail and service businesses for working capital needs, business expansions and operations. As of June 30, 2026, the loan portfolio included $412.3 million of unguaranteed 7(a) SBA and USDA loans with exposure to the following top three industries: 18.5% retail trade, 16.7% accommodation and food services, and 7.7% health care and social assistance. The following table shows our allocation of originated, purchase credit deteriorated and acquired non-credit-deteriorated loans and leases as of the dates presented (dollars in thousands):

Current wording

We strive to maintain a relatively diversified loan portfolio to help reduce the risk inherent in concentration in certain types of collateral. Loans, excluding leases, are typically made to real estate, manufacturing, wholesale, retail and service businesses for working capital needs, business expansions and operations. As of September 30, 2026, the loan portfolio included $415.1 million of unguaranteed 7(a) SBA and USDA loans with exposure to the following top three industries: 17.2% retail trade, 15.3% accommodation and food services, and 9.3% health care and social assistance. The following table shows our allocation of originated, purchased credit deteriorated and acquired non-credit-deteriorated loans and leases as of the dates presented (dollars in thousands):