Byline Bancorp posts record Q3 revenue, beats earnings and announces Illinois State Bancorp acquisition
Byline Bancorp reported Q3 2026 net income of $41.8 million, or $0.94 per diluted share, surpassing consensus estimates of $0.82. Total revenue reached a record $121.0 million and net interest income rose to $103.7 million, with the net interest margin expanding to 4.33%. The board declared a $0.14 dividend and repurchased 521,980 shares, returning over $20 million to shareholders, while confirming the pending acquisition of Illinois State Bancorp.
Why it matters
The earnings beat and higher dividend suggest stronger cash flow for shareholders, while the acquisition could expand Byline's market presence. The share repurchase and dividend increase raise the total payout ratio to 63.2%, affecting capital allocation.
Key facts
- 1Net income was $41.8 million for the quarter. stocktitan.net
- 2Adjusted earnings per share were $0.94, beating the consensus of $0.82. tipranks.com
- 3Total revenue was $121.0 million, a record for the company. stocktitan.net
- 4Net interest income reached $103.7 million, up 2.8% sequentially. tradingview.com
- 5Net interest margin expanded to 4.33%. tradingview.com
- 6The board declared a cash dividend of $0.14 per share, a 16.7% increase. minichart.com.sg
Open questions
- Material 4 reports total revenue of $164.9 million, conflicting with the $121.0 million figure in other sources.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.