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Byline Bancorp Announces Approval of New Stock Repurchase Program
Byline Bancorp, Inc. (“Byline” or the “Company”) (NYSE: BY), announce...
About this update from Beyond Minerals Inc
[{"type":"text","content":"Byline Bancorp Announces Approval of New Stock Repurchase Program\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Byline Bancorp, Inc. (“Byline” or the “Company”) (NYSE: BY), announced today that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 2.25 million shares of the Company’s outstanding common stock. The shares authorized to be repurchased represent approximately 4.9% of the Company’s currently outstanding common stock. The new program will be effective January 1, 2026 and be in effect until December 31, 2026.\n \n\n Roberto R. Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, Inc., stated, \"The new stock repurchase program reflects our confidence in the Company’s capital position, and our ability to support the long-term growth trajectory of the Byline franchise. We view our stock as a compelling investment opportunity and believe that this program underscores our disciplined and thoughtful approach to capital management.\"\n \n\n Under the new program, shares may, at the discretion of management, be repurchased from time to time in open market purchases as market conditions warrant or in privately negotiated transactions, including pursuant to a Rule 10b5-1 plan, all as effected to the extent permitted by applicable law, including pursuant to the safe harbor provided under Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Company is not obligated to purchase any shares under the program, and the program may be discontinued at any time. The actual timing, number and share price of shares purchased under the repurchase program will be determined by the Company at its discretion and will depend on a number of factors, including the market price of the Company’s stock, general market and economic conditions and applicable legal requirements.\n \n\n\n About Byline Bancorp, Inc.\n \n\n\n Headquartered in Chicago, Byline Bancorp, Inc. (NYSE: BY) is the parent company of Byline Bank, a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $9.8 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. By...