BY earnings analysis
What we found in BY's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Byline Bancorp reported a solid performance in Q1 2026, with diluted EPS of $0.83, exceeding consensus estimates of $0.75, while total revenue of $112.4 million fell short of the $114.2 million estimate. Notable growth in net interest income and a decrease in provisions for credit losses were significant contributors to the positive EPS surprise. However, management highlighted challenges in the non-interest income segment and continues to face macroeconomic pressures.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Exceeds Consensus
- Diluted EPS for Q1 2026 was reported at $0.83, beating consensus estimates of $0.75 by 10.7%.
- Strong Net Interest Income Growth
- Net interest income increased by $11.6 million or 13.2% to $99.9 million compared to $88.2 million in Q1 2025.
- Lower Provisions for Credit Losses
- Provision for credit losses decreased from $9.2 million in Q1 2025 to $5.5 million in Q1 2026, reflecting improved credit conditions.
- Improved Efficiency Ratio
- Efficiency ratio improved to 49.78% in Q1 2026 from 53.66% in Q1 2025, driven by increased net interest income.
- Cash Dividend Increased
- Dividends declared increased to $5.4 million in Q1 2026, up from $4.4 million in Q1 2025.
- Reduction in Non-Performing Assets
- Non-performing assets decreased to $70.2 million in Q1 2026 from $74.7 million in Q4 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Non-Interest Income
- Non-interest income decreased by $2.3 million, or 15.6%, to $12.5 million in Q1 2026 due to a reduction in various service fees.
- Increase in Non-Performing Loans Ratio
- Non-performing loans and leases as a percentage of total loans increased to 0.90% from 0.76% as of December 31, 2025.
- Interest Rate Risks
- The company noted potential risks due to market interest rate volatility impacting net interest income.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.83
What they said about what is next.
No explicit numeric forward guidance provided; management anticipates maintaining earnings momentum amid macro challenges.
The filing reads better than the one before it.
What came before.
- 10-K · February 27, 2026
- Byline positions itself as the pre-eminent commercial bank in the Chicago market, pursuing organic growth and tuck-in acquisitions (completed First Security Bancorp on April 1, 2025) while emphasizing product…
- 10-Q · November 7, 2025
- Byline reported a stronger quarter (three months ended Sept 30, 2025) with total revenue of $115,735,000 and diluted EPS of $0.82, both up versus the year-ago quarter. Net interest income and loan balances increased…
- 10-Q · November 1, 2024
- Byline Bancorp reported net income of $30,328,000 and diluted EPS of $0.69 for the three months ended September 30, 2024, beating the consensus EPS of $0.65. Total revenue (net interest income plus non‑interest income)…
- 10-Q · May 3, 2024
- Byline reported quarterly revenue (net interest income + non-interest income) of $101,014,000, up ~11.2% year-over-year from $90,863,000, and diluted EPS of $0.70 vs $0.64 a year ago. Net income rose to $30,440,000 (Q1…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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