Byline Bancorp, Inc. 3Q24 Earnings Presentation Forward-Looking Statements 2 Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ' ...

Core Insights - Byline Bancorp reported a revenue of $101.84 million for the quarter ended September 2024, reflecting a decrease of 2.9% year-over-year, with EPS at $0.70 compared to $0.77 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $101.67 million by 0.17%, while the EPS surpassed the consensus estimate of $0.65 by 7.69% [1] Financial Performance Metrics - Efficiency Ratio stood at 52%, better than the average estimate of 53% from three analysts [2] - Net Interest Margin was reported at 3.9%, matching the average estimate of 3.9% [2] - Average Balance of Total Interest-Earning Assets was $8.96 billion, exceeding the average estimate of $8.85 billion from two analysts [2] - Net charge-offs of loans and leases were 0.5%, slightly higher than the average estimate of 0.4% [2] - Net Interest Income reached $87.46 million, above the average estimate of $86.74 million from three analysts [2] - Net gains on sales of loans were $5.86 million, below the average estimate of $6.10 million from three analysts [2] - Total Non-Interest Income was $14.39 million, lower than the average estimate of $14.90 million from three analysts [2] - Fees and service charges on deposits amounted to $2.59 million, slightly below the average estimate of $2.60 million from two analysts [2] - Wealth management and trust income was $1.10 million, exceeding the average estimate of $0.97 million from two analysts [2] - ATM and interchange fees totaled $1.14 million, compared to the average estimate of $1.21 million from two analysts [2] Stock Performance - Byline Bancorp's shares have returned +2.4% over the past month, outperforming the Zacks S&P 500 composite's +1.5% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Byline Bancorp reported quarterly earnings of $0.70 per share, exceeding the Zacks Consensus Estimate of $0.65 per share, but down from $0.77 per share a year ago, indicating a 9.09% year-over-year decline [1] - The company achieved an earnings surprise of 7.69% for the quarter and has surpassed consensus EPS estimates in all four of the last quarters [1] - Revenues for the quarter were $101.84 million, slightly above the Zacks Consensus Estimate by 0.17%, but down from $104.83 million year-over-year, reflecting a 2.36% decline [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.65, with expected revenues of $102.2 million, while the estimate for the current fiscal year is $2.67 on revenues of $404.43 million [4] - The trend of estimate revisions for Byline Bancorp has been unfavorable, leading to a Zacks Rank of 4 (Sell), suggesting expected underperformance in the near future [4] Market Performance - Byline Bancorp shares have increased by approximately 13.5% since the beginning of the year, compared to a 21.5% gain in the S&P 500 [2] - The performance of Byline Bancorp is influenced by the overall outlook of the Banks - Northeast industry, which is currently in the top 19% of over 250 Zacks industries [5]

Exhibit 99.1 (1) Total deposits $ 7,497,887 $ 7,347,181 $ 6,953,690 Total loans and leases 6,899,401 6,904,564 6,620,602 • NIE/AA 2.31%, down three bps Net charge-offs 8,467 9,514 5,430 Allowance for credit losses (ACL) 98,860 99,730 105,696 • Adjusted efficiency ratio of 51.62% , ACL to total loans and leases held for investment 1.44% 1.45% 1.60% down by 57 bps (1) Byline Bancorp, Inc. Reports Third Quarter 2024 Financial Results Net income of $30.3 million, $0.69 diluted earnings per share Chicago, IL, Oc ...

Investors in Byline Bancorp, Inc. (BY) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $20 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also ...

CHICAGO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Byline Bank has been named one of the 2024-2025 Best Companies to Work For In The Midwest by U.S. News & World Report, the global authority in rankings and consumer advice. Byline Bank was rated among top companies in the Midwest on factors contributing to job seekers' decisionmaking when choosing a workplace that best meets their needs. "We are honored to be named a top workplace by U.S. News & World Report," said Dana Rose, Chief Human Resources Officer at Byline ...

Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, focusing on key valuation metrics to identify undervalued stocks [2] Company Analysis: Byline Bancorp (BY) - Byline Bancorp currently holds a Zacks Rank of 2 (Buy) and has received an A grade in the Value category, indicating it is among the strongest value stocks available [3] - The company has a price-to-book (P/B) ratio of 1.22, which is favorable compared to the industry average of 1.42. Over the past year, BY's P/B ratio has fluctuated between a high of 1.27 and a low of 0.87, with a median of 0.98 [4] - Byline Bancorp's price-to-cash flow (P/CF) ratio stands at 10.90, which is attractive relative to the industry's average of 14.98. The P/CF ratio has ranged from a high of 11.34 to a low of 6.73 over the past year, with a median of 8.65 [5] Company Analysis: Isabella Bank (ISBA) - Isabella Bank is also rated 2 (Buy) with a Value score of A, indicating strong value characteristics [6] - The bank has a P/B ratio of 0.74, significantly lower than the industry average of 1.42. Its P/B ratio has varied from a high of 0.88 to a low of 0.66 over the past year, with a median of 0.79 [6] Conclusion on Value Stocks - Both Byline Bancorp and Isabella Bank exhibit strong value grades, suggesting they are currently undervalued. Their solid earnings outlook further supports their status as impressive value stocks [7]

Group 1 - Byline Bancorp (BY) has shown strong year-to-date performance, returning 19.1%, outperforming the Finance sector average of 13.9% [4] - The Zacks Rank for Byline Bancorp is currently 2 (Buy), indicating positive analyst sentiment and an improving earnings outlook, with a consensus estimate for full-year earnings increasing by 0.8% over the past quarter [3] - Byline Bancorp is part of the Banks - Northeast industry, which ranks 37 in the Zacks Industry Rank, with an average gain of 5.1% this year, further highlighting BY's superior performance [5] Group 2 - The Finance group includes 862 companies, with Byline Bancorp ranked 3 in the Zacks Sector Rank, which evaluates sectors based on the average Zacks Rank of individual stocks [2] - Another notable performer in the Finance sector is CaixaBank, S.A. Unsponsored ADR, which has returned 39.9% year-to-date and also holds a Zacks Rank of 2 (Buy) [4][5] - The Banks - Foreign industry, to which CaixaBank belongs, is currently ranked 40, with a year-to-date increase of 9.8% [6]

Core Viewpoint - The article discusses the momentum investing strategy, highlighting Byline Bancorp (BY) as a promising stock with a strong momentum score and positive earnings outlook. Group 1: Momentum Characteristics - Momentum investing focuses on following a stock's recent price trends, with the goal of buying high and selling higher [5] - The Zacks Momentum Style Score helps identify stocks with strong momentum characteristics, complementing the Zacks Rank system [6][9] Group 2: Byline Bancorp Performance - Byline Bancorp has shown significant price appreciation, with shares increasing 21.48% over the past quarter and 28.84% over the last year, outperforming the S&P 500 [8] - The stock has a current Zacks Rank of 2 (Buy) and a Momentum Score of B, indicating strong potential for near-term gains [10][11] Group 3: Trading Volume and Earnings Estimates - BY's average 20-day trading volume is 189,147 shares, which is a useful indicator of price momentum [3] - Over the past two months, one earnings estimate for BY has increased, raising the consensus estimate from $2.62 to $2.63 [4]

Financial Data and Key Metrics Changes - The company reported net income of $29.7 million, or $0.68 per diluted share, on revenue of approximately $100 million, which was up 10% year-on-year [12] - Pretax pre-provision net income was strong at $46.2 million, with pretax pre-provision ROA remaining above 200 basis points for the seventh consecutive quarter [12] - The efficiency ratio inched up slightly to 52% for the quarter, while return on assets remained solid at 131 basis points and ROTCE of 15.27% was comfortably above the equity cost of capital [39] Business Line Data and Key Metrics Changes - The loan portfolio increased by $103 million, or 6.1% annualized, primarily from commercial and leasing loan books [40] - Total deposits stood at $7.3 billion, flat from the first quarter, with a slight decline in broker deposits [44] - Net interest income was $86.5 million for Q2, up 1% from the prior quarter, primarily due to growth in the loan portfolio [45] Market Data and Key Metrics Changes - The company expects loan growth to continue in the mid-single digits as it heads into the second half of the year [18] - The margin declined slightly to 3.98% from 4% in the previous quarter, but earning asset growth more than offset this decline [14] - The company noted that delinquencies have returned to more normalized levels, with criticized loans declining by $16 million from the previous quarter [15] Company Strategy and Development Direction - The company aims to position itself as the go-to commercial bank in Chicago, with a focus on organic growth and attracting high-quality talent [4][10] - The strategy is described as unique and hard to replicate, with confidence in the trajectory and path towards growth [10] - The company is actively resolving non-performing credits and has made important additions to its wealth business [55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a healthy deal flow and overall healthy pipelines [26] - The company is focused on managing expenses and maintaining a disciplined approach to expense management despite inflationary pressures [39][47] - Management highlighted the importance of adapting to market disruptions and leveraging opportunities for growth [35][56] Other Important Information - The tangible book value per share increased 3% linked quarter to $18.84, which is 8.1% higher than last year [24] - Capital ratios all increased during the quarter, with CET1 and total capital approaching 11% and 14% respectively [42] - The company consolidated two branches, bringing the total branch count to 46, with average deposits per branch at about $160 million [42] Q&A Session Summary Question: Insights on the office commercial portfolio and Chicagoland market - Management noted improvements in the office commercial portfolio and discussed challenges with dated Class B office properties, while newer urban buildings are showing resilience [60][61] Question: M&A opportunities and competitive landscape - Management indicated steady conditions in the M&A landscape, with ongoing chatter but no significant changes in competitive dynamics [66][100] Question: Impact of Fed rate cuts on net interest income - Management provided insights on the static analysis of net interest income impacts from rate cuts, indicating a significant amount of liabilities would reprice [77] Question: Future loan growth expectations - Management expects mid-single-digit growth driven by commercial and leasing segments, with ongoing transactions in the commercial real estate market [112] Question: Capital management strategies - Management emphasized a focus on organic growth while remaining open to M&A opportunities and returning capital through dividends and buybacks [93][114]