Byline Bancorp, Inc. released its second quarter 2025 financial results on July 24, 2025, reporting GAAP revenue of $110.5 million, surpassing analyst expectations of $107.0 million and marking an 11.2% increase year-over-year. The company's non-GAAP adjusted EPS reached $0.75, outperforming estimates, while GAAP EPS was $0.66.
Net interest income climbed to $95.97 million, up 11.0% over Q2 2024, with the net interest margin expanding to 4.18%, a gain of 20 basis points from the prior year quarter. Loans and leases increased by $306.7 million from the previous quarter and $449.3 million from Q2 2024, while deposits rose $257.2 million quarter-over-quarter and $463.3 million from Q2 2024, representing a 6.3% year-over-year increase. The company also sold $73.0 million in government-guaranteed loans, generating a gain on sales of $5.4 million, up 9.7% from the prior quarter.
Despite these positive growth metrics, provisions for credit losses rose to $11.9 million, and non-performing assets increased to $72.5 million from $59.9 million in Q1 2025. Management noted these issues were concentrated in isolated cases. The adjusted efficiency ratio improved to 48.20%, even with merger-related expenses from the First Security integration reaching $4.45 million. Byline maintained its quarterly dividend at $0.10 per share, an increase from $0.09 in Q2 2024.
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