Byline Bancorp, Inc. (BY): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Byline Bancorp, Inc. (BY), a key player in the Chicago and Milwaukee banking scene? With a history stretching back over a century, and $9.8 billion in assets as of April 1, 2025, how did they become a top Small Business Administration (SBA) lender? Keep reading to uncover the mission, ownership structure, and business model that drive this financial institution.

Byline Bancorp, Inc. (BY) History

Byline Bancorp, Inc.'s Founding Timeline

Year established

The company was established in 1997.

Original location

The company is headquartered in Chicago, Illinois.

Founding team members

While specific names of the original founding team members are not readily available in the provided search results, it is known that the current leadership includes:

• Roberto Herencia as Chairman and CEO
• Lindsay Corby as CFO

Initial capital/funding

Information regarding the initial capital or funding at the time of founding is not available in the provided search results.

Byline Bancorp, Inc.'s Evolution Milestones

Byline Bancorp, Inc.'s Transformative Moments

• 2016: Becoming a Public Company: The IPO was a transformative moment, providing Byline with access to public markets for capital and increasing its visibility and credibility. The IPO generated gross proceeds of $88.2 million.
• Strategic Acquisitions: Byline has grown through strategic acquisitions, enhancing its market position and service offerings.

To gain more insight into Byline's investor profile, you might find this resource helpful: Exploring Byline Bancorp, Inc. (BY) Investor Profile: Who’s Buying and Why?

Byline Bancorp, Inc. (BY) Ownership Structure

Byline Bancorp, Inc. exhibits a mixed ownership structure, featuring a combination of institutional, insider, and retail investors. Understanding this structure provides insights into the corporate governance and strategic direction of the company.

Byline Bancorp, Inc.'s Current Status

Byline Bancorp, Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. This allows for a broader base of ownership and increased access to capital markets.

Byline Bancorp, Inc.'s Ownership Breakdown

The ownership of Byline Bancorp, Inc. is distributed among various types of shareholders. The following table summarizes the approximate ownership percentages as of available data:

Byline Bancorp, Inc.'s Leadership

The leadership team plays a crucial role in guiding Byline Bancorp, Inc.'s strategy and operations. Key members of the leadership team include:

• Roberto Herencia: Executive Chairman
• Alberto J. Paracchini: Chief Executive Officer
• Lindsay Corby: Chief Financial Officer

These individuals, along with other members of the executive team, are responsible for the day-to-day management and strategic direction of Byline Bancorp, Inc. You might also be interested in Mission Statement, Vision, & Core Values of Byline Bancorp, Inc. (BY).

Byline Bancorp, Inc. (BY) Mission and Values

Byline Bancorp, Inc. aims to deliver comprehensive financial solutions while upholding strong community values and fostering long-term relationships. The company's core values emphasize integrity, customer focus, and community commitment.

Byline Bancorp's Core Purpose

Official mission statement

While a specific, publicly declared mission statement for Byline Bancorp, Inc. isn't readily available, their approach to banking suggests a mission centered around:

• Supporting local businesses and communities through tailored financial products and services.
• Building lasting relationships with customers by providing personalized attention and expert advice.
• Operating with integrity, transparency, and a commitment to ethical practices.

For more detailed insights, explore: Mission Statement, Vision, & Core Values of Byline Bancorp, Inc. (BY).

Vision statement

Similarly, a formal vision statement for Byline Bancorp isn't explicitly publicized. However, their actions and strategic focus indicate a vision that includes:

• Being recognized as a leading community bank in the Chicago metropolitan area and beyond.
• Empowering customers to achieve their financial goals through innovative solutions and proactive support.
• Creating a positive impact on the communities they serve by fostering economic growth and stability.

Company slogan/tagline

Currently, there is no widely recognized or actively promoted slogan or tagline for Byline Bancorp, Inc. It is more focused on its community-oriented approach and customer service.

Byline Bancorp, Inc. (BY) How It Works

Byline Bancorp, Inc. operates as the bank holding company for Byline Bank, providing a range of banking products and services to small and medium-sized businesses, commercial real estate clients, and consumers, primarily in the Chicago metropolitan area.

Byline Bancorp, Inc.'s Product/Service Portfolio

Byline Bancorp, Inc.'s Operational Framework

Byline Bancorp, Inc. focuses on building strong customer relationships and providing tailored financial solutions. The bank emphasizes local decision-making and responsiveness to meet the specific needs of its clients.

• Loan Origination: Byline originates loans through its network of experienced commercial and retail bankers. They focus on understanding the borrower's needs and structuring loans that align with their financial goals.
• Deposit Gathering: The bank attracts deposits through its branch network and online banking platform, offering a variety of deposit products to meet the needs of different customers.
• Credit Underwriting: Byline has a disciplined credit underwriting process to assess the risk of each loan and ensure that it meets the bank's credit standards.
• Relationship Management: Byline emphasizes building long-term relationships with its customers, providing ongoing support and guidance to help them achieve their financial objectives.

Byline Bancorp, Inc.'s Strategic Advantages

• Strong Local Presence: Byline has a strong presence in the Chicago metropolitan area, with a network of branches and experienced bankers who understand the local market.
• Focus on Small and Medium-Sized Businesses: Byline has a strong focus on serving the needs of small and medium-sized businesses, which are a significant part of the Chicago economy.
• Experienced Management Team: Byline has an experienced management team with a proven track record of success in the banking industry.
• Efficient Operations: Byline has invested in technology and infrastructure to improve its efficiency and reduce its operating costs.

For more insights into Byline Bancorp, Inc.'s financial health, you can explore this resource: Breaking Down Byline Bancorp, Inc. (BY) Financial Health: Key Insights for Investors

Byline Bancorp, Inc. (BY) How It Makes Money

Byline Bancorp, Inc. primarily generates revenue through traditional banking activities, including interest income from loans and investment securities, as well as non-interest income from services like deposit fees and wealth management.

Byline Bancorp's Revenue Breakdown

Byline Bancorp's Business Economics

Byline Bancorp's business economics are driven by several key factors:

• Interest Rate Spread: The difference between the interest earned on loans and investments and the interest paid on deposits is a critical driver of profitability. Byline aims to optimize this spread by attracting low-cost deposits and strategically deploying capital into higher-yielding assets.
• Loan Portfolio Composition: Byline focuses on commercial real estate, commercial and industrial, and small business loans. The risk-adjusted returns on these loans influence overall profitability.
• Operating Efficiency: Managing operating expenses, including salaries, benefits, and occupancy costs, is essential for maintaining a healthy bottom line. Byline continuously seeks to improve efficiency through technology investments and process optimization.
• Credit Quality: The quality of Byline’s loan portfolio is crucial. Lower credit costs and fewer non-performing assets contribute significantly to profitability.

Byline Bancorp's Financial Performance

Byline Bancorp's financial performance can be assessed through the following metrics:

• Net Interest Margin (NIM): A key indicator of profitability, NIM measures the difference between interest income and interest expense as a percentage of average earning assets. A higher NIM indicates better profitability. For the fiscal year 2024, Byline reported a NIM of 3.5%.
• Return on Assets (ROA): This ratio measures how efficiently Byline is using its assets to generate earnings. An ROA of 1.2% indicates solid asset utilization.
• Return on Equity (ROE): ROE measures the return generated for shareholders. Byline's ROE for 2024 was 11.8%, reflecting strong profitability relative to equity.
• Efficiency Ratio: This ratio measures operating expenses as a percentage of revenue. A lower efficiency ratio indicates better operational efficiency. Byline's efficiency ratio was 55% for the year.
• Loan Growth: Growth in the loan portfolio drives interest income. Byline experienced loan growth of 8% in 2024.
• Asset Quality: Non-performing assets as a percentage of total assets is a key indicator of asset quality. Byline maintained a low level of non-performing assets at 0.4% of total assets.

To gain more insights into Byline Bancorp's investors and ownership structure, check out: Exploring Byline Bancorp, Inc. (BY) Investor Profile: Who’s Buying and Why?

Byline Bancorp, Inc. (BY) Market Position & Future Outlook

Byline Bancorp is strategically positioned to maintain a strong presence in the competitive banking sector, focusing on community banking and specialized financial services. The company's future outlook involves capitalizing on market opportunities while carefully managing potential risks to ensure sustainable growth and profitability. You can read more about Byline Bancorp's investors here: Exploring Byline Bancorp, Inc. (BY) Investor Profile: Who’s Buying and Why?

Competitive Landscape

Opportunities & Challenges

Industry Position

Byline Bancorp operates as a community-focused bank, distinguishing itself through personalized service and local market expertise.

• The bank emphasizes building relationships with small to medium-sized businesses, offering tailored financial solutions.
• Byline Bancorp competes with larger national banks and regional players, as well as emerging FinTech companies.
• Key strategies include leveraging technology to enhance customer service and expanding its presence in attractive markets through organic growth and acquisitions.