Byline Bancorp, Inc. · NYSE:BY
Byline Bancorp — Q3 2021 Earnings Presentation
22 slides from Byline Bancorp's earnings presentation, Oct 28, 2021
Slide 1: Q3 2021 Conference Call
Q3 2021 Conference Call Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the antici
Slide 3: Third Quarter 2021 Highlights
Third Quarter 2021 Highlights Strong Loan Growth and Deposit Gathering Financial Performance Improving Credit Trends Increasing Return of Capital Represents a non-GAAP financial measure. See “Non-GAAP Reconciliation” in the appendix. Net income of $25.3 million, or $0.66 per diluted share, compared
Slide 4: Loan and Lease Trends
Loan and Lease Trends ($ in millions) Originations and Payoffs(1) Portfolio by Segment Total Loans & Leases and Average Yield Total loans and leases increased $163.1 million, or 14.4% annualized, to $4.7 billion Strong growth in the commercial, sponsor finance, equipment leasing, and government guar
Slide 5: Government-Guaranteed Lending
Government-Guaranteed Lending ($ in millions) On Balance Sheet SBA 7(a) & USDA Loans #5 SBA 7(a) lender in the United States as of September 30, 2021 #1 SBA 7(a) lender in: Illinois Wisconsin Closed $194.7 million loan commitments, up 36.1% from 2Q21 Total government guaranteed portfolio down $5.5 m
Slide 6: Deposit Trends
Total deposits increased $66.1 million, or 5.2% annualized, to $5.2 billion Strong inflow of commercial non-interest bearing deposits Deposit mix remains exceptional with non-interest bearing representing 41.1% of total deposits Commercial deposits accounted for 48.7% of total deposits and represent
Slide 7: Net Interest Income and Net Interest Margin Trends
Net Interest Income and Net Interest Margin Trends ($ in millions) Net interest income was $59.8 million, up 2.9% from 2Q21 Net interest margin increased 17 basis points from 2Q21 to 3.91% Excluding accretion income, net interest margin increased 15 basis point from 2Q21 $246.7 million of CDs maturi
Slide 8: Total Non-Interest Income
Total Non-Interest Income Non-Interest Income Trends ($ in millions) Non-interest income decreased $2.5 million from 2Q21 $2.7 million loan servicing asset revaluation charge Wealth management increased 12.8% linked quarter and 17.7% year-over-year Volume Sold and Average Net Premiums Net Gains on S
Slide 9: Non-Interest Expense Trends
Non-Interest Expense Trends ($ in millions) Non-interest expense increased to $44.2 million from $43.0 million in 2Q21, primarily attributable to: $1.4 million in higher salaries and employee benefits, primarily due to new hires and increased commission expense Increase in other non-interest income
Slide 10: Asset Quality Trends
Asset Quality Trends ($ in millions) NPLs / Total Loans & Leases Loss Absorbency 1.31% 1.54% 1.38% 1.78% Net Charge-offs Non-performing assets to total assets declined to 0.56% in 3Q21 from 0.61% in 2Q21 NPLs / total loans and leases decreased 4 bps to 0.75% in 3Q21 from 0.79% in 2Q21 NCOs / average
Slide 11: Strong Capital Position and Focus on Return on Capital
Project Sox Offer Migration Strong Capital Position and Focus on Return on Capital Capital Ratios Return on Average Tangible Common Equity (1) Tangible Book Value per Share ($) (1) (1) Repurchased 460,220 shares of common stock during 3Q21 at a cost of $10.4 million Repurchased 1,331,708 shares of c
Slide 12: 2021 Strategic Priorities and Outlook
2021 Strategic Priorities and Outlook Drive organic loan and deposit growth Continue Investing in Technology to Improve Efficiencies and Enhance Revenue Generation Strategic M&A Opportunities and Team Lift-Outs with Attractive Metrics and Return Profile Increase Return of Capital to Stockholders Con
Slide 13: Appendix
Appendix @ Byline Bancorp, Inc.
Slide 14: Paycheck Protection Program Overview
At or For the Three Months Ended 6/30/21 9/30/21 Gross PPP Loans $488.2 $275.6 Average PPP Loans, net $574.4 $383.8 Average Borrowings Under PPPLF $336.8 $252.5 PPP Interest and Processing Fee Income $4.5 $5.4 PPPLF Interest Expense $0.3 $0.3 Average Loan Yield ex. PPP 5.10% 4.87% PPP Deferred Loan
Slide 15: Projected Acquisition Accounting Accretion
Projected Acquisition Accounting Accretion Projected Accretion(1) ($ in millions) Accretion as a Percentage of Total Revenue Projections are updated quarterly, assumes no prepayments and are subject to change.
Slide 16: Five Quarter Financial Summary
Five Quarter Financial Summary Represents a non-GAAP financial measure. See “Non-GAAP Reconciliation” in the appendix.
Slide 17: Non-GAAP Reconciliation
@ Byline Bancorp, Inc. Non-GAAP Reconciliation (dollars in thousands, except per share data) Net income and earnings per share excluding significant items Reported Net Income Significant items: Impairment charges on assets heldfor sale Tax benefit ‘Adjusted Net income Reported Diluted Earnings per S
Slide 18: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued)
Slide 19: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued)
Slide 20: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued)
Slide 21: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued)
Slide 22: Slide 22