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Byline Bancorp (BY) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2024, Byline Bancorp (BY - Free Report) reported revenue of $101.84 million, down 2.9% over the same period last year. EPS came in at $0.70, compared to $0.77 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $101.67 million, representing a surprise of +0.17%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $0.65.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Byline Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 52% compared to the 53% average estimate based on three analysts.
Net Interest Margin: 3.9% versus the three-analyst average estimate of 3.9%.
Average Balance - Total interest-earning assets: $8.96 billion compared to the $8.85 billion average estimate based on two analysts.
Net charge-offs of loans and leases: 0.5% versus the two-analyst average estimate of 0.4%.
Net Interest Income: $87.46 million compared to the $86.74 million average estimate based on three analysts.
Net gains on sales of loans: $5.86 million compared to the $6.10 million average estimate based on three analysts.
Total Non-Interest Income: $14.39 million versus $14.90 million estimated by three analysts on average.
Fees and service charges on deposits: $2.59 million versus $2.60 million estimated by two analysts on average.
Wealth management and trust income: $1.10 million versus the two-analyst average estimate of $0.97 million.
ATM and interchange fees: $1.14 million compared to the $1.21 million average estimate based on two analysts.
Shares of Byline Bancorp have returned +2.4% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Byline Bancorp (BY) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2024, Byline Bancorp (BY - Free Report) reported revenue of $101.84 million, down 2.9% over the same period last year. EPS came in at $0.70, compared to $0.77 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $101.67 million, representing a surprise of +0.17%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $0.65.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Byline Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 52% compared to the 53% average estimate based on three analysts.
- Net Interest Margin: 3.9% versus the three-analyst average estimate of 3.9%.
- Average Balance - Total interest-earning assets: $8.96 billion compared to the $8.85 billion average estimate based on two analysts.
- Net charge-offs of loans and leases: 0.5% versus the two-analyst average estimate of 0.4%.
- Net Interest Income: $87.46 million compared to the $86.74 million average estimate based on three analysts.
- Net gains on sales of loans: $5.86 million compared to the $6.10 million average estimate based on three analysts.
- Total Non-Interest Income: $14.39 million versus $14.90 million estimated by three analysts on average.
- Fees and service charges on deposits: $2.59 million versus $2.60 million estimated by two analysts on average.
- Wealth management and trust income: $1.10 million versus the two-analyst average estimate of $0.97 million.
- ATM and interchange fees: $1.14 million compared to the $1.21 million average estimate based on two analysts.
View all Key Company Metrics for Byline Bancorp here>>>Shares of Byline Bancorp have returned +2.4% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.