BYLINE BANCORP, INC.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
BY$38.79-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
| (dollars in thousands, except share data) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $54,221 | $60,184 |
| Interest-bearing deposits with other banks | 164,454 | 88,911 |
| Cash and cash equivalents | 218,675 | 149,095 |
| Equity and other securities, at fair value | 1,897 | 10,660 |
| Securities available-for-sale, at fair value (amortized cost at September 30, 2026—$1,828,206, December 31, 2025—$1,516,376) | 1,640,029 | 1,405,106 |
| Restricted stock, at cost | 10,269 | 21,314 |
| Loans held for sale | 28,878 | 13,621 |
| Loans and leases: | ||
| Loans and leases | 7,461,517 | 7,509,369 |
| Allowance for credit losses - loans and leases | (113,040) | (108,834) |
| Net loans and leases | 7,348,477 | 7,400,535 |
| Servicing assets, at fair value | 19,242 | 19,234 |
| Premises and equipment, net | 55,735 | 57,988 |
| Other real estate owned, net | 2,781 | 3,394 |
| Goodwill and other intangible assets, net | 196,815 | 200,520 |
| Bank-owned life insurance | 108,940 | 107,462 |
| Deferred tax assets, net | 57,124 | 41,779 |
| Accrued interest receivable and other assets | 209,918 | 221,968 |
| Total assets | $9,898,780 | $9,652,676 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| LIABILITIES | ||
| Non-interest-bearing demand deposits | $1,872,965 | $1,818,888 |
| Interest-bearing deposits | 6,166,145 | 5,828,555 |
| Total deposits | 8,039,110 | 7,647,443 |
| Other borrowings | 272,629 | 419,598 |
| Subordinated notes, net | 73,995 | 73,940 |
| Junior subordinated debentures issued to capital trusts, net | 72,016 | 71,409 |
| Accrued interest payable and other liabilities | 165,788 | 172,380 |
| Total liabilities | 8,623,538 | 8,384,770 |
| COMMITMENTS AND CONTINGENT LIABILITIES (Note 14) | ||
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock | — | — |
| Common stock | 471 | 471 |
| Additional paid-in capital | 758,540 | 760,700 |
| Retained earnings | 748,048 | 645,724 |
| Treasury stock, at cost | (98,874) | (65,914) |
| Accumulated other comprehensive loss, net of tax | (132,943) | (73,075) |
| Total stockholders’ equity | 1,275,242 | 1,267,906 |
| Total liabilities and stockholders’ equity | $9,898,780 | $9,652,676 |
| September 30, 2026 | December 31, 2025 | |||
|---|---|---|---|---|
| PreferredShares | CommonShares | PreferredShares | CommonShares | |
| Par value | $0.01 | $0.01 | $0.01 | $0.01 |
| Shares authorized | 25,000,000 | 150,000,000 | 25,000,000 | 150,000,000 |
| Shares issued | — | 47,835,067 | — | 47,871,512 |
| Shares outstanding | — | 44,674,518 | — | 45,545,928 |
| Treasury shares | — | 3,160,549 | — | 2,325,584 |
CONDENSED CONSOLIDATED STATEM ENTS OF OPERATIONS
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (dollars in thousands, except share and per share data) | 2026 | 2025 | 2026 | 2025 |
| INTEREST AND DIVIDEND INCOME | ||||
| Interest and fees on loans and leases | $128,969 | $132,401 | $382,443 | $381,830 |
| Interest on securities | 15,042 | 13,289 | 43,057 | 39,323 |
| Other interest and dividend income | 3,581 | 2,936 | 8,054 | 6,867 |
| Total interest and dividend income | 147,592 | 148,626 | 433,554 | 428,020 |
| INTEREST EXPENSE | ||||
| Deposits | 39,284 | 42,857 | 112,906 | 129,286 |
| Other borrowings | 1,750 | 1,502 | 7,681 | 4,733 |
| Subordinated notes and debentures | 2,882 | 4,377 | 8,592 | 9,908 |
| Total interest expense | 43,916 | 48,736 | 129,179 | 143,927 |
| Net interest income | 103,676 | 99,890 | 304,375 | 284,093 |
| PROVISION FOR CREDIT LOSSES | 6,748 | 5,298 | 19,447 | 26,400 |
| Net interest income after provision for credit losses | 96,928 | 94,592 | 284,928 | 257,693 |
| NON-INTEREST INCOME | ||||
| Fees and service charges on deposits | 2,925 | 2,741 | 8,697 | 8,077 |
| Loan servicing revenue | 3,062 | 3,062 | 9,150 | 9,176 |
| Loan servicing asset revaluation | (1,791) | (1,294) | (4,779) | (4,495) |
| ATM and interchange fees | 1,289 | 1,015 | 3,597 | 3,108 |
| Net realized gains (losses) on securities available-for-sale | — | — | 21 | (37) |
| Change in fair value of equity securities, net | 218 | (298) | (67) | 596 |
| Net gains on sales of loans | 5,802 | 6,981 | 17,365 | 17,333 |
| Wealth management and trust income | 1,394 | 1,366 | 3,926 | 3,522 |
| Other non-interest income | 4,433 | 2,272 | 8,836 | 7,895 |
| Total non-interest income | 17,332 | 15,845 | 46,746 | 45,175 |
| NON-INTEREST EXPENSE | ||||
| Salaries and employee benefits | 39,069 | 37,492 | 110,970 | 111,563 |
| Occupancy and equipment expense, net | 3,872 | 4,531 | 12,382 | 14,122 |
| Impairment charge on assets held for sale | — | — | 496 | — |
| Loan and lease related expenses | 832 | 1,274 | 2,513 | 3,039 |
| Legal, audit and other professional fees | 3,578 | 3,876 | 10,053 | 11,970 |
| Data processing | 4,773 | 4,903 | 14,564 | 15,060 |
| Net loss recognized on other real estate owned and other related expenses | 93 | 617 | 1,040 | 615 |
| Other intangible assets amortization expense | 1,235 | 1,494 | 3,705 | 4,111 |
| Other non-interest expense | 6,348 | 6,331 | 17,745 | 16,069 |
| Total non-interest expense | 59,800 | 60,518 | 173,468 | 176,549 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 54,460 | 49,919 | 158,206 | 126,319 |
| PROVISION FOR INCOME TAXES | 12,674 | 12,719 | 38,660 | 30,789 |
| NET INCOME | $41,786 | $37,200 | $119,546 | $95,530 |
| EARNINGS PER COMMON SHARE | ||||
| Basic | $0.94 | $0.82 | $2.68 | $2.14 |
| Diluted | $0.94 | $0.82 | $2.67 | $2.12 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (dollars in thousands) | 2026 | 2025 | 2026 | 2025 |
| Net income | $41,786 | $37,200 | $119,546 | $95,530 |
| Securities available-for-sale | ||||
| Unrealized holding gains (losses) arising during the period | (59,853) | 17,515 | (73,603) | 56,322 |
| Reclassification adjustments for net (gains) losses included in net income | — | — | (21) | 37 |
| Tax effect | 15,645 | (4,578) | 19,245 | (14,732) |
| Net of tax | (44,208) | 12,937 | (54,379) | 41,627 |
| Hedges | ||||
| Unrealized holding gains (losses) arising during the period | (434) | 527 | 499 | 894 |
| Reclassification adjustments for net gains included in net income | (2,487) | (3,777) | (7,931) | (11,242) |
| Tax effect | 764 | 849 | 1,943 | 2,705 |
| Net of tax | (2,157) | (2,401) | (5,489) | (7,643) |
| Total other comprehensive income (loss) | (46,365) | 10,536 | (59,868) | 33,984 |
| Comprehensive income (loss) | $(4,579) | $47,736 | $59,678 | $129,514 |
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
| Additional · AccumulatedOther · Total | |||||||
|---|---|---|---|---|---|---|---|
| (dollars in thousands, · Common Stock · Paid-In · Retained · Treasury · Comprehensive · Stockholders’ | |||||||
| except share data) | Shares | Amount | Capital | Earnings | Stock | Income (Loss) | Equity |
| Balance, June 30, 2025 | 45,866,649 | $471 | $756,029 | $583,170 | $(57,015) | $(90,239) | $1,192,416 |
| Net income | — | — | — | 37,200 | — | — | 37,200 |
| Other comprehensive income, net of tax | — | — | — | — | — | 10,536 | 10,536 |
| Issuance of common stock upon exercise of stock options, net | 11,812 | — | 137 | — | — | — | 137 |
| Restricted stock activity, net | (11,060) | — | (389) | — | 249 | — | (140) |
| Cash dividends declared on common stock ($0.10 per share) | — | — | — | (4,586) | — | — | (4,586) |
| Repurchase of common stock | (7,424) | — | — | — | (193) | — | (193) |
| Share-based compensation expense | — | — | 2,312 | — | — | — | 2,312 |
| Balance, September 30, 2025 | 45,859,977 | $471 | $758,089 | $615,784 | $(56,959) | $(79,703) | $1,237,682 |
| Balance, January 1, 2025 | 44,459,584 | $455 | $717,763 | $533,901 | $(46,935) | $(113,687) | $1,091,497 |
| Net income | — | — | — | 95,530 | — | — | 95,530 |
| Other comprehensive income, net of tax | — | — | — | — | — | 33,984 | 33,984 |
| Issuance of common stock upon exercise of stock options, net | 141,158 | — | (22) | — | (1,324) | — | (1,346) |
| Restricted stock activity, net | 218,526 | — | (7,628) | — | 4,442 | — | (3,186) |
| Issuance of common stock in connection with employee stock purchase plan | 31,190 | — | — | — | 834 | — | 834 |
| Issuance of common stock due to business combination, net of issuance costs | 1,586,542 | 16 | 41,287 | — | — | — | 41,303 |
| Cash dividends declared on common stock ($0.30 per share) | — | — | — | (13,647) | — | — | (13,647) |
| Repurchases of common stock | (577,023) | — | — | — | (13,976) | — | (13,976) |
| Share-based compensation expense | — | — | 6,689 | — | — | — | 6,689 |
| Balance, September 30, 2025 | 45,859,977 | $471 | $758,089 | $615,784 | $(56,959) | $(79,703) | $1,237,682 |
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
| Additional · AccumulatedOther · Total | |||||||
|---|---|---|---|---|---|---|---|
| (dollars in thousands, · Common Stock · Paid-In · Retained · Treasury · Comprehensive · Stockholders’ | |||||||
| except share data) | Shares | Amount | Capital | Earnings | Stock | Income (Loss) | Equity |
| Balance, June 30, 2026 | 45,191,493 | $471 | $756,361 | $712,588 | $(78,627) | $(86,578) | $1,304,215 |
| Net income | — | — | — | 41,786 | — | — | 41,786 |
| Other comprehensive loss, net of tax | — | — | — | — | — | (46,365) | (46,365) |
| Issuance of common stock upon exercise of stock options, net | 9,450 | — | 120 | — | — | — | 120 |
| Restricted stock activity, net | (4,445) | — | (245) | — | 135 | — | (110) |
| Cash dividends declared on common stock ($0.14 per share) | — | — | — | (6,326) | — | — | (6,326) |
| Repurchases of common stock | (521,980) | — | — | — | (20,382) | — | (20,382) |
| Share-based compensation expense | — | — | 2,304 | — | — | — | 2,304 |
| Balance, September 30, 2026 | 44,674,518 | $471 | $758,540 | $748,048 | $(98,874) | $(132,943) | $1,275,242 |
| Balance, January 1, 2026 | 45,545,928 | $471 | $760,700 | $645,724 | $(65,914) | $(73,075) | $1,267,906 |
| Net income | — | — | — | 119,546 | — | — | 119,546 |
| Other comprehensive loss, net of tax | — | — | — | — | — | (59,868) | (59,868) |
| Issuance of common stock upon exercise of stock options, net | 20,317 | — | 258 | — | — | — | 258 |
| Restricted stock activity, net | 191,768 | — | (9,334) | — | 5,166 | — | (4,168) |
| Issuance of common stock in connection with employee stock purchase plan | 31,221 | — | — | — | 1,176 | — | 1,176 |
| Cash dividends declared on common stock ($0.38 per share) | — | — | — | (17,222) | — | — | (17,222) |
| Repurchases of common stock | (1,114,716) | — | — | — | (39,302) | — | (39,302) |
| Share-based compensation expense | — | — | 6,916 | — | — | — | 6,916 |
| Balance, September 30, 2026 | 44,674,518 | $471 | $758,540 | $748,048 | $(98,874) | $(132,943) | $1,275,242 |
CONDENSED CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (dollars in thousands) | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $119,546 | $95,530 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Provision for credit losses | 19,447 | 26,400 |
| Impairment loss on assets held for sale | 496 | — |
| Impairment loss on securities available-for-sale | 1,082 | — |
| Depreciation and amortization of premises and equipment | 3,245 | 3,410 |
| Net accretion of securities | (4,863) | (4,116) |
| Change in fair value of equity securities, net | 67 | (596) |
| Net (gains) losses on sales and calls of securities available-for-sale | (21) | 37 |
| Net (gains) losses on sales or disposals of premises and assets held for sale | 49 | (843) |
| Net gains on sales of loans | (17,365) | (17,333) |
| Net gains on sales of leases | — | (119) |
| Originations of U.S. government guaranteed loans | (239,176) | (256,994) |
| Proceeds from U.S. government guaranteed loans sold | 228,964 | 214,197 |
| Accretion of premiums and discounts on acquired loans, net | (5,981) | (8,101) |
| Net change in servicing assets | (8) | (67) |
| Net losses on sales and valuation adjustments of other real estate owned | 755 | 491 |
| Net amortization of other acquisition accounting adjustments | 3,745 | 4,206 |
| Amortization of subordinated debt issuance cost | 85 | 133 |
| Loss on extinguishment of subordinated debt | — | 843 |
| Accretion of junior subordinated debentures discount | 607 | 382 |
| Share-based compensation expense | 6,916 | 6,689 |
| Deferred tax provision | 5,843 | 1,969 |
| Increase in cash surrender value of bank owned life insurance | (2,886) | (2,630) |
| Gain on death benefit on bank owned life insurance | (1,508) | (587) |
| Changes in assets and liabilities: | ||
| Accrued interest receivable and other assets | (7,372) | 1,087 |
| Accrued interest payable and other liabilities | 19,570 | 19,848 |
| Net cash provided by operating activities | 131,237 | 83,836 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Proceeds from sales of equity securities | 8,396 | — |
| Proceeds from calls of equity securities | 300 | — |
| Purchases of securities available-for-sale | (596,566) | (151,270) |
| Proceeds from maturities and calls of securities available-for-sale | 117,621 | 65,883 |
| Proceeds from paydowns of securities available-for-sale | 161,915 | 124,307 |
| Proceeds from sales of securities available-for-sale | 9,109 | 14,221 |
| Proceeds from maturities and calls of securities held-to-maturity | — | 605 |
| Redemptions of Federal Home Loan Bank stock, net | 11,045 | 11,518 |
| Proceeds from other loans and leases sold | 18,898 | 12,184 |
| Net change in loans and leases | 11,369 | (407,077) |
| Purchases of premises and equipment | (2,258) | (3,481) |
| Proceeds from sales of assets held for sale | — | 2,146 |
| Proceeds from sales of other real estate owned | 7,182 | 1,304 |
| Proceeds from bank owned life insurance death benefit | 1,950 | 1,736 |
| Net cash received in acquisition of business | — | 61,834 |
| Net cash used in investing activities | (251,039) | (266,090) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (dollars in thousands) | 2026 | 2025 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net increase in deposits | $391,627 | $90,282 |
| Repayments of term loan | — | (11,667) |
| Proceeds from short-term borrowings | 8,387,200 | 5,890,000 |
| Repayments of short-term borrowings | (8,560,200) | (6,145,000) |
| Proceeds from long-term borrowings | 29,450 | — |
| Proceeds from subordinated debt, net | — | 73,955 |
| Net change in securities sold under agreements to repurchase | (3,419) | 9,180 |
| Dividends paid on common stock | (17,284) | (13,658) |
| Proceeds from issuance of common stock | 1,032 | 1,180 |
| Repurchases of common stock | (39,024) | (13,976) |
| Net cash provided by (used in) financing activities | 189,382 | (119,704) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 69,580 | (301,958) |
| CASH AND CASH EQUIVALENTS, beginning of period | 149,095 | 563,138 |
| CASH AND CASH EQUIVALENTS, end of period | $218,675 | $261,180 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Cash paid during the period for interest | $131,175 | $151,591 |
| Cash paid during the period for income taxes | $32,472 | $33,594 |
| SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Transfer of loans to other real estate owned | $7,324 | $677 |
| Transfer of land and premises to assets held for sale | $1,217 | $1,311 |
| Right-of-use assets exchanged for operating lease liabilities | $1,863 | $2,175 |
| Due from counterparties - loans sold, not settled | $6,251 | $24,616 |
| Common dividend declared, not paid | $(62) | $(11) |
| Common share withholding | $4,168 | $5,003 |
| Common stock issued due to acquisition of business | $— | $41,303 |
| Total assets acquired from acquisition | $— | $321,991 |
| Value ascribed to goodwill | $— | $147 |
| Total liabilities assumed from acquisition | $— | $280,634 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.