Byline Bancorp Tops Q4 Earnings Expectations
CHICAGO, IL - Byline Bancorp Inc. (BY) reported strong financial results for the fourth quarter ended December 31, 2023, surpassing analyst expectations.
Key Financial Metrics:
* Net income: $30.3 million
* Earnings per share (EPS): $0.69
* Revenue: $155.8 million
* Net revenue (excluding interest expense): $104.7 million
Analysts' Consensus Estimates:
* EPS: $0.60
Annual Results:
* Profit: $120.8 million
* EPS: $2.75
* Revenue: $406.9 million
Share Price Performance:
Byline Bancorp shares have experienced a modest decline of over 2% year-to-date. At the close of trading on Thursday, shares rose to $28.34, reflecting a 23% increase over the past 12 months.