Byline Bancorp, Inc. reported its first quarter 2025 financial results on April 24, 2025, with net income reaching $28.2 million, or $0.64 per diluted share. The company achieved a pre-tax pre-provision return on average assets (PTPP ROAA) of 2.06%, marking its tenth consecutive quarter above 2.00%, demonstrating consistent operational efficiency.
Net interest income for the quarter was $88.2 million, an increase of $2.7 million year-over-year, driven by a 7 basis point expansion in the net interest margin to 4.07%. The average cost of deposits declined to 2.30%, contributing to improved funding costs. Total assets grew by $88.2 million to $9.58 billion, with total loans and leases increasing by $137.1 million to $7.03 billion, and total deposits rising by $94.7 million to $7.55 billion.
Asset quality showed improvement, with non-performing loans decreasing by 14 basis points to 0.76% of total loans. The allowance for credit losses increased by $2.4 million to $100.4 million, representing a robust 1.43% of total loans. Capital levels remained strong, with CET1 at 11.78% and TCE to Tangible Assets at 9.95%, providing ample flexibility for future growth and credit absorption.
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