Byline Bancorp Posts 3Q EPS of 94 Cents
BY sits 44% above its 52-week low of $26.39.
Summary
Byline Bancorp reported third-quarter earnings per share of 94 cents, up 15%, with net income of $41.8M and revenue of $121M that hit a record, per Dow Jones Newswires. Net interest income was $103.7M and the net interest margin was 4.33%, while the credit loss provision was USD -6.7 Million. The print is the first hard earnings number since the bank announced on Oct. 6 a definitive cash-and-stock agreement to acquire Illinois State Bancorp, so this quarter's results give the first read on the standalone business heading into that integration.
At the time of this announcement, BY was trading at $37.99 on NYSE in the Finance sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $26.39 to $40.03. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.