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Get filing alertsByline Bancorp reports Q2 net income of $40.2M, raises dividend 16.7% to $0.14/share
Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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high
Q2 2026 net income of $40.2M ($0.90 diluted EPS), up from $37.6M ($0.83) in Q1 and $30.1M ($0.66) in Q2 2025; return on average assets 1.63%, return on average tangible common equity 14.47%.
Exhibit 99.1 view on EDGAR → -
high
Board declared quarterly dividend of $0.14/share (16.7% increase from prior $0.12), payable August 18, 2026 to shareholders of record August 4, 2026.
Exhibit 99.1 view on EDGAR → -
high
Total revenue reached $117.7M (net interest income $100.8M, non-interest income $16.9M); adjusted efficiency ratio improved 327 basis points to 46.51%, the best as a public company.
Exhibit 99.1 view on EDGAR → -
medium
Total deposits grew $68.9M to $7.87B (3.5% annualized), total loans and leases increased $79.0M to $7.56B (4.2% annualized); cost of interest-bearing deposits 2.49%, up only 1 basis point.
Exhibit 99.2 view on EDGAR → -
medium
Common Equity Tier 1 ratio increased to 12.92%, up 37 basis points from Q1; repurchased 274,528 shares during Q2 2026; tangible book value per share increased to $24.48, up 2.9% from Q1.
Exhibit 99.2 view on EDGAR →
Summary
Byline Bancorp reported strong second quarter 2026 results with net income of $40.2 million ($0.90 per diluted share), up 6.9% from the prior quarter and 33.6% year-over-year. The company delivered record revenue of $117.7 million driven by net interest income of $100.8 million and non-interest income of $16.9 million.
Operating efficiency improved significantly, with the adjusted efficiency ratio reaching 46.51%, the best performance since becoming a public company. The Board declared a 16.7% dividend increase to $0.14 per share, reflecting confidence in earnings momentum and capital generation.
Balance sheet growth remained disciplined, with deposits increasing 3.5% annualized to $7.87 billion and loans growing 4.2% annualized to $7.56 billion. The company maintained pricing discipline with cost of interest-bearing deposits rising only one basis point to 2.49%. Capital ratios strengthened, with the Common Equity Tier 1 ratio reaching 12.92% and tangible book value per share increasing 2.9% to $24.48. The company repurchased 274,528 shares during the quarter while raising the dividend, demonstrating balanced capital deployment. Credit quality metrics showed net charge-offs declining to 0.24% of average loans from 0.32% in the prior quarter, though the provision for credit losses increased to $7.2 million primarily due to portfolio growth and additional allocation on individually assessed loans.
Section-by-Section Diff
Event · Exhibit 99.1
Byline Bancorp reported Q2 2026 net income of $40.2M ($0.90 EPS), record revenues, and a 16.7% dividend increase to $0.14/share.
Added in current filing · view on EDGAR →
Net interest income (NII)
$
100,836 ... Non-interest income
16,876 ... Total revenue(1)
117,712 ... Non-interest expense (NIE)
56,479 ... Pre-tax pre-provision net income (PTPP) (1)
61,233
Total revenue reached $117.7 million, driven by net interest income of $100.8 million (up 1.0% from Q1) and non-interest income of $16.9 million (up 34.6% from Q1). Non-interest expense declined 1.2% to $56.5 million. The adjusted efficiency ratio improved 327 basis points to 46.51%, the best as a public company.
Added in current filing · view on EDGAR →
Total deposits
$
7,870,762 ... Total loans and leases
7,563,929
Total deposits grew $68.9 million to $7.87 billion (3.5% annualized), while total loans and leases increased $79.0 million to $7.56 billion (4.2% annualized). Total assets stood at $9.9 billion, up 0.2% from the prior quarter.
Added in current filing · view on EDGAR →
Provision for credit losses
7,162 ... Net charge-offs
4,446 ... Allowance for credit losses (ACL)
111,861 ... ACL to total loans and leases held for investment
1.48%
The provision for credit losses was $7.2 million, up 29.3% from Q1, mainly due to additional allocation on individually assessed loans and portfolio growth. Net charge-offs declined to $4.4 million (0.24% of average loans, annualized) from $6.0 million (0.32%) in Q1. The allowance for credit losses stood at $111.9 million, or 1.48% of total loans.
Event · Exhibit 99.2
Byline Bancorp reported Q2 2026 earnings with net income of $40.2 million, up 9.6% adjusted EPS, and strong capital ratios.
Added in current filing · view on EDGAR →
Net income $ 40,181 $ 37,579 $ 34,521 $ 37,200 $ 30,082
Byline Bancorp reported net income of $40.2 million for Q2 2026, up from $37.6 million in Q1 2026 and $30.1 million in Q2 2025. Adjusted net income was $40.5 million, reflecting a 9.6% increase in adjusted diluted earnings per share to $0.91. The company delivered record revenue of $117.7 million, up 4.7% from the prior quarter.
Added in current filing · view on EDGAR → · paraphrased
Net interest income $ 100,836 $ 99,863 $ 101,255 $ 99,890 $ 95,982 Net interest margin 4.28% 4.33% 4.35% 4.27% 4.18%
Net interest income was $100.8 million, up 1.0% from Q1 2026, driven by day count partially offset by higher funding costs. Net interest margin was 4.28%, down 5 basis points from Q1 2026 but up 10 basis points year-over-year. The company disclosed interest rate sensitivity showing a +100 basis point ramp would increase net interest income by $8 million or 2.1% over one year.
Added in current filing · view on EDGAR → · paraphrased
Tangible common equity $ 1,106,165 $ 1,081,007 $ 1,067,386 $ 1,035,668 $ 988,908 Repurchased 274,528 shares of common stock during 2Q26
Common Equity Tier 1 ratio increased to 12.92%, up 37 basis points from Q1 2026 and 107 basis points year-over-year. Tangible common equity to tangible assets reached 11.36%, up 23 basis points from Q1 2026. The company repurchased 274,528 shares during Q2 2026, with a total payout ratio of 35.9% including dividends and share repurchases. Tangible book value per share increased to $24.48, up 2.9% from Q1 2026.
Added in current filing · view on EDGAR →
Efficiency ratio ... 46.93% 49.78% 50.32% 51.00% 52.61% Adjusted efficiency ratio(1) 46.51% 49.78% 50.15% 50.27% 48.20% ... Return on average assets 1.63% 1.56% 1.41% 1.52% 1.25% Adjusted return on average assets(1) 1.65% 1.56% 1.42% 1.54% 1.41%
The adjusted efficiency ratio improved 327 basis points to 46.51%, reflecting strong operating leverage. Non-interest expense to average assets declined to 2.29%, down 8 basis points from Q1 2026. Return on average assets was 1.63% (1.65% adjusted), and return on average tangible common equity was 14.47% (14.60% adjusted). Pre-tax pre-provision return on average assets reached 2.49%.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify