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Byline Bank

Bank based in Chicago

Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the fourth largest SBA 7(a) lender.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1978Founded1

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  • TickerBY on NYSE1
  • Industryeconomics of banking1
  • HeadquartersChicago1
  • Websitewww.bylinebank.com
  • Incorporated inDE5
  • Business address180 North Lasalle Street, Suite 300, Chicago, Il 606015
  • Filer categoryLarge accelerated filer5
  • Legal formCorporation4
  • LEI54930011HPXXLJN2D4074
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address180 North LaSalle Street, 60601 Chicago, United States4
  • Registered withFederal Deposit Insurance Corporation, 206244

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Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the fourth largest SBA 7(a) lender.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income89101112$130.1M in 2025+128% since 2019
0$50.0M$100.0M$150.0M2019: $57.0M$57.0M20192020: $37.5M$37.5M2020−34%2021: $92.8M$92.8M2021+148%2022: $88.0M$88.0M2022−5%2023: $107.9M$107.9M2023+23%2024: $120.8M$120.8M2024+12%2025: $130.1M$130.1M2025+8%

Every line of the income statement as filed: the last 3 fiscal years, latest first.12

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans and leases$511.2M$502.4M$441.0M
Interest on taxable securities$48.4M$39.8M$27.4M
Interest on tax-exempt securities$3.4M$3.5M$3.4M
Other interest and dividend income$9.2M$20.4M$7.7M
Total interest and dividend income$572.2M$565.9M$479.5M
Deposits$167.7M$192.4M$121.4M
Other borrowings$6.4M$13.7M$17.2M
Subordinated notes and debentures$12.8M$11.8M$10.3M
Total interest expense$186.9M$217.9M$148.9M
Net interest income$385.3M$348.0M$330.6M
PROVISION FOR CREDIT LOSSES$36.1M$27.0M$31.7M
Net interest income after provision for credit losses$349.2M$321.0M$299.0M
Fees and service charges on deposits$10.9M$10.2M$9.2M
Loan servicing revenue$12.3M$12.9M$13.5M
Loan servicing asset revaluation-$5.6M-$6.7M-$5.1M
ATM and interchange fees$4.1M$4.5M$4.5M
Net losses on sales of securities available-for-sale-$21.0K-$699.0K$0
Change in fair value of equity securities, net$795.0K$1.1M$1.1M
Net gains on sales of loans$22.7M$24.5M$22.8M
Wealth management and trust income$4.8M$4.3M$4.2M
Other non-interest income$11.0M$8.7M$6.2M
Total non-interest income$60.9M$58.9M$56.3M
Salaries and employee benefits$150.4M$140.1M$127.0M
Occupancy expense, net$14.5M$14.7M$14.0M
Equipment expense$3.8M$4.0M$4.5M
Impairment loss on assets held for sale$195.0K$0$2.0M
Loan and lease related expenses$3.6M$2.8M$2.9M
Legal, audit, and other professional fees$16.1M$13.4M$12.9M
Data processing$19.4M$16.9M$19.5M
Net loss recognized on other real estate owned and other related expenses$1.1M$568.0K$385.0K
Regulatory assessments$4.2M$4.2M$4.1M
Other intangible assets amortization expense$5.6M$5.4M$6.0M
Advertising and promotions$5.6M$5.0M$3.8M
Telecommunications$884.0K$870.0K$1.4M
Other non-interest expense$11.4M$10.9M$10.9M
Total non-interest expense$236.9M$218.8M$209.6M
INCOME BEFORE PROVISION FOR INCOME TAXES$173.3M$161.1M$145.7M
PROVISION FOR INCOME TAXES$43.2M$40.3M$37.8M
NET INCOME$130.1M$120.8M$107.9M
Basic$2.90$2.78$2.69
Diluted$2.89$2.75$2.67

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Corporate structure

Byline Bank is part of a group headed by BYLINE BANCORP, INC.. 19 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Byline Bank

  • MBG INVESTORS I, L.P. Filed SCHEDULE 13G/A on Byline Bank, latest Aug 17, 2026 (4 filings since Feb 13, 2023)
  • BlackRock Filed SCHEDULE 13G on Byline Bank, latest Oct 17, 2025 (6 filings since Feb 4, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G on Byline Bank, latest Oct 9, 2025
  • Of Daniel L. Goodwin Estate Filed SCHEDULE 13G/A on Byline Bank, latest Jul 7, 2025 (3 filings since Apr 1, 2024)
  • Eugenio Clariond Filed SC 13G/A on Byline Bank, latest Mar 19, 2024 (2 filings since Jan 5, 2023)
  • BYLINE BANCORP, INC. Chicago, Illinois, United States
    • Byline Bank Chicago, Illinois, United States
      • 7751-7773 West Lake St. Building Association Subsidiary · Illinois, United States
      • AmeriMark Capital Trust I Subsidiary · Delaware, United States
      • BFG CORPORATION Subsidiary · Chicago, Illinois, United States
      • BFG CORPORATION d/b/a Byline Financial Group Subsidiary · Illinois, United States
      • BORE Investments, LLC Subsidiary · Illinois, United States
      • First Evanston Bancorp Trust I Subsidiary · Delaware, United States
      • Franklin and Lake, LLC Subsidiary · Illinois, United States
      • Inland Bancorp Trust II Subsidiary · Delaware, United States
      • Inland Bancorp Trust III Subsidiary · Delaware, United States
      • Inland Bancorp Trust IV Subsidiary · Delaware, United States
      • Inland Bancorp Trust V Subsidiary · Delaware, United States
      • Lily Pond C Series, LLC Subsidiary · Illinois, United States
      • Lily Pond LLC (Series LLC) Subsidiary · Illinois, United States
      • Lily Pond R Series, LLC Subsidiary · Illinois, United States
      • Lily Pond T Series, LLC Subsidiary · Illinois, United States
      • Lily Pond V Series, LLC Subsidiary · Illinois, United States
      • Metropolitan Statutory Trust 1 Subsidiary · Connecticut, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Byline Bank reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Buildings and improvements$42.0M12 Dec 31, 2025$41.7M12 Dec 31, 2024+0.7%
Furniture and fixtures$11.5M12 Dec 31, 2025$15.6M12 Dec 31, 2024−26.0%
Leasehold improvements$5.0M12 Dec 31, 2025$6.3M12 Dec 31, 2024−20.7%
Accumulated depreciation$30.9M12 Dec 31, 2025$33.9M12 Dec 31, 2024−9.0%
Property and equipment, net$58.0M12 Dec 31, 2025$60.5M12 Dec 31, 2024−4.2%
Operating-lease assets (leased space)$9.0M12 Dec 31, 2025$9.8M12 Dec 31, 2024−7.8%

Real estate and locations

ItemLatestA year beforeChange
Stores212 Dec 31, 2024611 Dec 31, 2022−66.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$149.1M12 Dec 31, 2025$563.1M12 Dec 31, 2024−73.5%
Debt securities available for sale$1.4B12 Dec 31, 2025$1.4B12 Dec 31, 2024−0.7%
Debt securities held to maturity$012 Dec 31, 2025$605.0K12 Dec 31, 2024−100.0%
Deposits held (banks)$7.6B12 Dec 31, 2025$7.5B12 Dec 31, 2024+2.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$181.9M12 Dec 31, 2025$181.7M12 Dec 31, 2024+0.1%
Finite-lived intangibles, net$18.7M12 Dec 31, 2025$16.4M12 Dec 31, 2024+13.9%

Properties, in its own words

Our corporate headquarters is located at 180 North LaSalle Street, Suite 300, Chicago, IL 60601. In addition to our corporate headquarters, we operate 44 branch offices located in the Chicago metropolitan area and one branch office in Wauwatosa, Wisconsin. We lease 13 of our branch offices and our headquarters and own the remainder of our branch offices. We are continually evaluating opportunities to improve our existing branches and branch network, and we have in the recent past closed and may in the future choose to close branches in certain circumstances in order to improve our efficiency or for other business reasons.

Item 2 of the 10-K filed Feb 27, 2026.16

The story

The company was founded in 1978 by the Fasseas family as Metropolitan Bank Group, after the purchase of North Community Bank. The family grew the bank from a single location to more than 90 branches in the Chicago metropolitan area before suffering in the 2008 financial crisis.

In 2009, it accepted $71.5 million from the Troubled Asset Relief Program. In 2013, BXM Holdings LLC purchased and recapitalized the bank with a $207 million investment.

A year before acquiring Ridgestone Bank, the company was renamed Byline Bancorp Inc. and consolidated all its subsidiaries under the name Byline Bank in 2015.

In June 2017, the company became a public company via an initial public offering. In May 2018, the company acquired First Evanston Bancorp for $178.6 million in cash and stock.

In April 2019, the company acquired Oak Park River Forest Bank shares for $40.0 million in cash and stock. In December 2022, Byline entered a merger agreement and acquired Inland Bank, valued at approximately $165 million in cash and stock. The merger was finalized in July 2023.

On April 1, 2025, Byline merged with First Security Bank, closing at an approximate $41.5 million valuation. Under the agreement, every share of First Security’s common stock was converted into the right to receive 2.3539 shares of Byline common stock.

From Wikipedia’s article on Byline Bank, shared under CC BY-SA 4.0.6

Leadership

Who has led Byline Bank, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Alberto J. Paracchini2017–2020
  2. Roberto R. Herencia2021–now

President

  1. Alberto J. Paracchini2017–now

Chief financial officer

  1. Lindsay Y. Corby2017–2022
  2. Thomas J. Bell Iii.2025–now
19801990200020102020
Board members and other officers (30)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Vice President and Chief Human Resources OfficerDANA M. ROSE named Aug 19, 202550
  • Senior Vice President and Chief Accounting OfficerSHERYLLE M. OLANO named Aug 19, 202550
  • President, Byline Small Business CapitalTHOMAS S. ABRAHAM named Aug 19, 202550
  • DirectorANTONIO R. DEL VALLE PEROCHENA named Aug 19, 202550
  • DirectorMARGARITA S. HUGUES VELEZ named Aug 19, 202550
  • DirectorPAMELA C. STEWART named Aug 19, 202550

Subsidiaries and ownership

Parent company (GLEIF)

Subsidiaries (Exhibit 21)

  • 7751-7773 West Lake St. Building Association Illinois7
  • AmeriMark Capital Trust I Delaware7
  • BFG CORPORATION d/b/a Byline Financial Group Illinois7
  • BORE Investments, LLC Illinois7
  • Byline Bank Illinois7
  • First Evanston Bancorp Trust I Delaware7
  • Franklin and Lake, LLC Illinois7
  • Inland Bancorp Trust II Delaware7
  • Inland Bancorp Trust III Delaware7
  • Inland Bancorp Trust IV Delaware7
  • Inland Bancorp Trust V Delaware7
  • Lily Pond C Series, LLC Illinois7
  • Lily Pond LLC (Series LLC) Illinois7
  • Lily Pond R Series, LLC Illinois7
  • Lily Pond T Series, LLC Illinois7
  • Lily Pond V Series, LLC Illinois7
  • Metropolitan Statutory Trust 1 Connecticut7

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 8, 20268-K Executive or director change; Regulation FD disclosure51
  2. Oct 6, 20268-K Regulation FD disclosure52
  3. Jul 23, 20268-K Results of operations53
  4. Jun 3, 20268-K Shareholder vote54
  5. May 22, 20268-K New debt or obligation55
  6. Apr 23, 20268-K Results of operations56
  7. Jan 22, 20268-K Results of operations57
  8. Dec 11, 20258-K Other events58
  9. Oct 23, 20258-K Results of operations59
  10. Oct 6, 20258-K Other events60
  11. Aug 7, 20258-K Entered a material agreement; New debt or obligation; Regulation FD disclosure61
  12. Jul 24, 20258-K Results of operations62
  13. Feb 22, 2021New chief executive Roberto R. Herencia becomes CEO17
  14. Jun 29, 2017New chief executive Alberto J. Paracchini becomes CEO18
  15. 1978Founded Founded1
  16. Mar 2, 1972Parent Directly consolidated by BYLINE BANCORP, INC.4

Calendar

Coming up

  1. Oct 22, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.83 a share, on Oct 23, 2025.63

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results53
  2. Apr 23, 2026Reported quarterly or annual results56
  3. Jan 22, 2026Reported quarterly or annual results57
  4. Oct 23, 2025Reported quarterly or annual results59
  5. Jul 24, 2025Reported quarterly or annual results62
  6. Apr 24, 2025Reported quarterly or annual results64
  7. Jan 23, 2025Reported quarterly or annual results65
  8. Oct 24, 2024Reported quarterly or annual results66

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

444 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 58 major events, 275 insider forms, 16 large holders, 1 private raises, 74 other. The latest 20:

  1. Oct 8, 20268-K EDGAR
  2. Oct 6, 20268-K EDGAR
  3. Aug 20, 20264 EDGAR
  4. Aug 20, 20264 EDGAR
  5. Aug 17, 2026SCHEDULE 13G/A EDGAR
  6. Aug 14, 20264 EDGAR
  7. Aug 13, 2026144 EDGAR
  8. Aug 12, 20264 EDGAR
  9. Aug 12, 2026144 EDGAR
  10. Aug 11, 20264 EDGAR
  11. Aug 11, 20264 EDGAR
  12. Aug 6, 202610-Q EDGAR
  13. Aug 4, 20264 EDGAR
  14. Aug 3, 2026144 EDGAR
  15. Jul 23, 20268-K EDGAR
  16. Jun 10, 20264 EDGAR
  17. Jun 10, 20264 EDGAR
  18. Jun 3, 20264 EDGAR
  19. Jun 3, 2026S-8 EDGAR
  20. Jun 3, 20268-K EDGAR

The 444 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

119 open-market trades by officers, directors and large owners since October 2021: 86 buys and 33 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2026HERSETH MARY JO S.DirectorBuy300$38.40$11.5KForm 4
Aug 19, 2026KISTNER WILLIAM GDirectorBuy100$38.30$3.8KForm 4
Aug 13, 2026HERENCIA ROBERTO RCHIEF EXECUTIVE OFFICERSale19,750$39.21$774.4KForm 4
Aug 12, 2026Rose DanaCHIEF HUMAN RESOURCES OFFICERSale2,421$39.00$94.4KForm 4
Aug 7, 2026MBG INVESTORS I, L.P.10% ownerSale300,000$39.10$11.7MForm 4
Aug 7, 2026DEL VALLE PEROCHENA ANTONIODirectorSale300,000$39.10$11.7MForm 4
May 4, 2026KISTNER WILLIAM GDirectorBuy100$31.97$3.2KForm 4
Mar 16, 2026HERSETH MARY JO S.DirectorBuy300$30.83$9.2KForm 4
Feb 26, 2026Barkidjija JohnHEAD OF CRE & SPECIALTY FINSale4,509$32.33$145.8KForm 4
Feb 17, 2026Doran Brian FGeneral CounselBuy750$33.13$24.8KForm 4
Jan 28, 2026CABRERA PHILLIP R.DirectorBuy169$31.03$5.2KForm 4
Oct 28, 2025ABRAHAM THOMASPRESIDENT, SBCSale23,400$26.89$629.1KForm 4
Oct 28, 2025KISTNER WILLIAM GDirectorBuy65$27.56$1.8KForm 4
Sep 12, 2025Rose DanaCHIEF HUMAN RESOURCES OFFICERSale1,999$28.76$57.5KForm 4
Aug 28, 2025Ptacin BroganHEAD OF COMMERCIAL BANKINGSale11,812$29.10$343.7KForm 4
Aug 8, 2025KISTNER WILLIAM GDirectorBuy60$25.71$1.5KForm 4
Jun 13, 2025HERSETH MARY JO S.DirectorBuy2,000$25.33$50.7KForm 4
Jun 13, 2025KISTNER WILLIAM GDirectorBuy164$25.29$4.1KForm 4
Jun 11, 2025HERENCIA ROBERTO RCHIEF EXECUTIVE OFFICERBuy4,040$24.75$100.0KForm 4
Jun 11, 2025DEL VALLE PEROCHENA ANTONIODirectorBuy40,808$24.75$1.0MForm 4

All 119 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Roberto R. Herencia66$937.2K$4.5M72
2025Alberto J. Paracchini55$660.2K$1.9M72
2025Thomas J. Bell III$515.4K$1.4M72
2025Thomas S. Abraham$468.1K$916.0K72
2025Brogan M. Ptacin$396.2K$889.0K72
2024Executive Chairman and$907.3K$3.0M72
2024President$635.2K$1.5M72
2024Chief Financial Officer$463.5K$1.0M72
2024Head of Commercial Banking$377.0K$755.0K72
2023Chief Executive Officer$866.9K$2.7M72
2023President$615.0K$1.5M72
2023Business Capital$445.2K$985.3K72
2023Treasurer$404.5K$842.5K72
2023Head of Commercial Banking$361.7K$695.8K72

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$75.0M 2025–2025
Money received by yearMoney received by year, 2025–2025: $75.0M in all. Private raises (Form D) $75.0M.$0$20M$40M$60M$80M2025 · Private raises (Form D): $75.0M2025
Figures by year
YearPrivate raises (Form D)Total
2025$75.0M$75.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 7, 2025Raised $75 million in a private offering of debt50 Form D: 22 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,510,896$132.2M0.0%+215,973
Dimensional Fund Advisors LP2,424,824$91.3M0.0%+58,224
GFS Advisors, LLC55$76.8M4.0%New
Vanguard Capital Management LLC1,191,625$44.9M0.0%−66,974
State Street Corp1,089,293$41.0M0.0%+58,231
American Century Companies Inc1,009,951$38.0M0.0%+104,762
Boston Partners883,689$33.2M0.0%−34,760
Federated Hermes, Inc.857,825$32.3M0.0%+233,404
Aqr Capital Management LLC813,855$30.6M0.0%+148,469
Geode Capital Management, LLC810,208$30.5M0.0%+22,175
Jpmorgan Chase & Co507,652$19.1M0.0%+48,235
Ararat Capital Management LP490,609$18.5M8.7%−133,163
Wellington Management Group Llp488,460$18.4M0.0%−535,488
Nuveen, LLC437,302$16.5M0.0%+12,435
Bridgeway Capital Management, LLC424,253$16.0M0.3%+728
Vanguard Portfolio Management LLC362,683$13.7M0.0%+26,844
Two Sigma Investments, LP350,081$13.2M0.0%+143,127
Morgan Stanley301,094$11.3M0.0%+19,103
Northern Trust Corp295,900$11.1M0.0%+29,488
Charles Schwab Investment Management Inc269,067$10.1M0.0%+620
Millennium Management LLC250,593$9.4M0.0%−37,071
Arrowstreet Capital, Limited Partnership245,280$9.2M0.0%+173,091
Endeavour Capital Advisors Inc238,671$9.0M1.8%+58,029
Qube Research & Technologies Ltd219,168$8.3M0.0%−122,359
Empowered Funds, LLC213,253$8.0M0.0%+10,728

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Byline Bank is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBYLINE BANCORP, INC.2
  • CIK0001702750
  • Employer ID (EIN)36-301259316
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company16
  • Incorporated inDelaware16
  • Industry code (SIC)6022 State Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address180 North Lasalle Street, Suite 300, Chicago, IL 606012
  • Phone773-244-70002
  • Shares outstanding45,186,420 as of Aug 3, 202614
  • Public float$874.5M as of Jun 30, 202516
  • AuditorBaker Tilly US, LLP, Portland, Oregon PCAOB ID 23; it also attests to the company’s internal control over financial reporting16
  • On EDGAR sinceApr 10, 20172
  • Filings760 in all: 4 (356), 8-K (141), 3 (35), 10-Q (28), 144 (23), 425 (19), 5 (17), CORRESP (11)2
    All 42 form types

    DEFA14A (10), UPLOAD (10), 10-K (9), DEF 14A (9), 4/A (8), 424B3 (7), 8-K/A (7), EFFECT (7), SC 13G/A (7), SC 13G (6), S-4 (5), S-4/A (5), 424B5 (4), ARS (4), SCHEDULE 13G/A (4), FWP (3), S-8 (3), 3/A (2), S-3 (2), S-3/A (2), S-3ASR (2), SCHEDULE 13G (2), 10-K/A (1), 144/A (1), 424B4 (1), 8-A12B (1), CERTNYS (1), D (1), DRS (1), DRS/A (1), DRSLTR (1), S-1 (1), S-1/A (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 20, 2026
    Latest 8-K (8-K) Oct 8, 2026

Securities registered for trading

ClassSymbolExchange
Common StockBYNew York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).16

Risk factors and legal proceedings

The risks Byline Bank names in Item 1A of its 10-K filed Feb 27, 2026: 36 risks under these headings, as written.16

  • The material risks and uncertainties that management believes affect us are described below. You should carefully consider these risks, together with all of the information included herein. Any of the following risks, as well as risks that we do not know or currently deem immaterial, could have a material adverse effect on our business, financial condition, or results of operations.
  • Risks Related to Our Business
  • Credit and Interest Rate Risks
  • Our business depends on our ability to successfully manage credit risk.
  • We may underestimate the credit losses inherent in our loan and lease portfolio and have credit losses in excess of the amount we provide for loan and lease losses.
  • Our business, profitability, and liquidity may be adversely affected by deterioration in the credit quality of, or defaults by, third parties who owe us money, securities or other assets or whose securities, or obligations we hold.
  • We depend on the accuracy and completeness of information about customers and counterparties.
  • The value of the financial instruments we own may decline in the future.
  • Funding Risks
  • A lack of liquidity could affect operations and jeopardize our business, financial condition, and results of operations.
  • Our liquidity is dependent on dividends from Byline Bank.
  • We may need to raise additional capital in the future, and such capital may not be available when needed or at all.
The other 27 risks
  • Operational Risks
  • We may not be able to implement our growth strategy or manage costs effectively, resulting in lower earnings or profitability.
  • New lines of business, products, product enhancements or services and technologies may subject us to additional risks.
  • External Risks
  • Our business may be adversely affected by conditions in the financial markets and economic conditions generally.
  • Our business is significantly dependent on the real estate markets in which we operate, as a significant percentage of our loan portfolio is secured by real estate.
  • Technology Risks
  • We depend on information technology and telecommunications systems of third parties, and any systems failures, interruptions, or data breaches involving these systems could adversely affect our operations and financial condition.
  • The occurrence of fraudulent activity, breaches or failures of our information security controls, or cybersecurity-related incidents could have a material adverse effect on our business, financial condition, or results of operations.
  • We continually encounter technological change.
  • AI and our ability to implement and leverage AI to deliver new products and services to our customers present competitive risks.
  • Guaranteed Loans Risks
  • Small Business Administration lending and other government guaranteed lending is an important part of our business. Our government guaranteed lending programs are dependent upon the U.S. federal government, and we face specific risks associated with originating SBA and other government guaranteed loans.
  • The recognition of gains on the sale of loans and servicing asset valuations reflects certain assumptions.
  • Legal, Accounting, and Compliance Risks
  • Our accounting estimates and risk management processes and controls rely on analytical and forecasting techniques and models and assumptions, which may not accurately predict future events.
  • Our goodwill may become impaired, which may adversely impact our results of operations and financial condition and may limit Byline Bank’s ability to pay dividends to us, thereby causing liquidity issues.
  • The accounting for loans acquired in connection with our recapitalization and acquisitions is based on numerous subjective determinations that may prove to be inaccurate and have a negative impact on our results of operations.
  • Our ability to recognize the benefits of deferred tax assets is dependent on future cash flows and taxable income.
  • Certain activities are restricted due to commitments entered into with the FRB by us and our foreign national stockholders.
  • Monetary policies and regulations of the FRB could adversely affect our business, financial condition, and results of operations.
  • We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • Litigation and regulatory actions, including possible enforcement actions, could subject us to significant fines, penalties, judgments, or other requirements resulting in increased expenses or restrictions on our business.
  • Non-compliance with the USA PATRIOT Act, the Bank Secrecy Act or other laws and regulations could result in fines or sanctions against us.
  • Regulations relating to privacy, information security, and data protection could increase our costs, affect or limit how we collect and use personal information, and adversely affect our business opportunities.
  • There is uncertainty surrounding the potential legal, regulatory and policy changes by the presidential administration in the United States that may directly affect financial institutions and the global economy.
  • Our consolidated assets are expected to exceed $10 billion, which may result in increased regulation and supervision of Byline Bank and may also result in increased costs and/or reduced revenue.
  • Risks Related to Acquisition Activity
  • We may be adversely affected by risks associated with completed and potential acquisitions, including execution risks, failure to realize anticipated transaction benefits, and failure to overcome integration risks, which could adversely affect our growth and profitability.
  • General Risk Factors
  • Loss of deposits could increase our funding costs and negatively affect our liquidity.
  • We operate in a highly competitive and changing industry and market area and compete with both banks and non-banks.
  • Our principal stockholder, MBG Investors I, L.P. has significant influence over us, and its interests could conflict with those of our other stockholders.
  • Future sales of our common stock in the public market, including by pre-IPO stockholders, could lower our stock price.

Legal proceedings

We operate in a highly regulated environment. From time to time, we are a party to various litigation matters incidental to the conduct of our business. We are not presently a party to any legal proceedings the resolution of which we believe would have a material adverse effect on our business, financial condition, liquidity, results of operation, cash flows or capital levels.

The opening of Item 3, Legal Proceedings.16

Sources

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