The Illinois State Bancorp acquisition (pending close) will expand Byline's Chicago-area footprint and core deposit base — watch for integration costs and accretion timeline in coming quarters. The 21.6% QoQ spike in NPAs (to 0.89% of assets) warrants monitoring on the Q4 conference call for credit migration trends.
Price Chart
Executive Summary
Byline Bancorp reported Q3 2026 net income of $41.8M ($0.94 diluted EPS), beating consensus estimates of $0.84 by 12.2%. Record total revenue of $121.0M and record net interest income of $103.7M were driven by NIM expansion to 4.33% and strong deposit growth. The quarter also featured a 16.7% dividend increase to $0.14/share and $20.4M in share repurchases, alongside the announced acquisition of Illinois State Bancorp.
Key Financial Metrics
Key Facts
- Net income of $41.8M, up 4.0% QoQ and 12.3% YoY
- Diluted EPS of $0.94, beat consensus of $0.84 by 12.2%
- Record total revenue of $121.0M, up 2.8% QoQ and 4.6% YoY
- Record NII of $103.7M, up 2.8% QoQ; NIM expanded 5 bps to 4.33%
- Deposits grew $168.3M (8.5% annualized); loan/deposit ratio improved to 93.2%
- CET1 ratio increased 37 bps to 13.29%; TCE/tangible assets of 11.12%
- Repurchased 521,980 shares for $20.4M; dividend raised 16.7% to $0.14/share
- Announced acquisition of Illinois State Bancorp (First Nations Bank / Bank of Bourbonnais)
- Non-performing assets rose 21.6% QoQ to $87.9M (0.89% of total assets)
- Efficiency ratio of 48.40% vs 46.93% prior quarter (up on higher incentive comp)
Financial Impact
EPS beat consensus by $0.10 (12.2%); record revenue and NII; $20.4M in share repurchases; dividend increased 16.7%
Risk Factors
- Non-performing assets increased 21.6% QoQ to $87.9M (0.89% of total assets)
- Efficiency ratio deteriorated 147 bps QoQ to 48.40% on higher incentive compensation
- Tangible book value per share declined 1.4% QoQ to $24.14 on higher AOCI
- Net charge-offs rose to $5.8M (0.31% annualized) vs $4.4M (0.24%) prior quarter
- Acquisition integration risk for Illinois State Bancorp
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-428935 |
| Document: by-20261022.htm | 0001193125-26-428935 |
| Document: by-ex99_2.htm | 0001193125-26-428935 |
| Document: 0001193125-26-428935-index-headers.html | 0001193125-26-428935 |
| Document: 0001193125-26-428935-index.html | 0001193125-26-428935 |
| Document: 0001193125-26-428935.txt | 0001193125-26-428935 |
| 8-K Data (Synthetic) | 0001193125-26-428935 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $38.40 | awaiting T+20 | — | $38.40 (+0.00%) |
Oct 8, 2026 18d ago | 8-K | $36.32 | awaiting T+20 | — | $38.40 (+5.73%) |
Oct 6, 2026 20d ago | 8-K | $36.57 | awaiting T+20 | — | $38.40 (+5.00%) |
Aug 20, 2026 9w ago | Insider Cluster | $38.33 $37.52 | ▼ −2.11% | ▼ −2.11% | $38.40 (+0.18%) |
Aug 15, 2026 10w ago | Institutional Cluster | $39.15 $38.43 | ▼ −1.84% | ▼ −0.31% | $38.40 (−1.92%) |
Aug 14, 2026 10w ago | Insider Cluster | $39.15 $38.43 | ▲ +1.84% | ▲ +0.31% | $38.40 (+1.92%) |
Aug 12, 2026 10w ago | Insider Cluster | $39.26 $38.67 | ▲ +1.50% | ▼ −0.24% | $38.40 (+2.19%) |
Aug 11, 2026 10w ago | Insider Cluster | $39.23 $38.38 | ▲ +2.17% | ▲ +0.27% | $38.40 (+2.12%) |
Aug 3, 2026 12w ago | 144 | $39.64 $37.92 | ▼ −4.34% | ▼ −5.58% | $38.40 (−3.13%) |
May 22, 2026 22w ago | 8-K | $33.40 $36.50 | ▲ +9.28% | ▲ +11.23% | $38.40 (+14.97%) |
US Market Status
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