Byline Bancorp, Inc. · NYSE:BY
Byline Bancorp — Q2 2021 Earnings Presentation
22 slides from Byline Bancorp's earnings presentation, Jul 29, 2021
Slide 1: Q2 2021 Conference Call
Q2 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: Second Quarter 2021 Highlights
Second 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 increased to $28.5 million, or $0.73 per diluted share
Slide 4: Loan and Lease Trends
Loan and Lease Trends ($ in millions) Originations and Payoffs(1) Portfolio by Segment Total Loans & Leases and Average Yield Originated portfolio increased $63.8 million, or $204.6 million ex. PPP from prior quarter Well balanced growth across the portfolio offset by runoff in residential real esta
Slide 5: Government-Guaranteed Lending
Government-Guaranteed Lending ($ in millions) On Balance Sheet SBA 7(a) & USDA Loans #4 SBA 7(a) lender in the United States as of June 30, 2021 #1 SBA 7(a) lender in: Illinois Wisconsin Closed $143.1 million loan commitments, up 28.3% from 1Q21 and 78.7% from 2Q20 Total government guaranteed portfo
Slide 6: Deposit Trends
Total deposits increased $67.7 million, or 5.4% annualized, to $5.1 billion Strong inflow of commercial non-interest bearing deposits Deposit mix remains exceptional with non-interest bearing deposits increasing to 41.0% of total deposits from 40.1% in 1Q21 Commercial deposits accounted for 48.3% of
Slide 7: Net Interest Income and Net Interest Margin Trends
Net Interest Income and Net Interest Margin Trends ($ in millions) Net interest income was $58.2 million, up 2.7% from 1Q21 Net interest margin decreased 3 basis points from 1Q21 to 3.74% Excluding accretion income, net interest margin increased 1 basis point from 1Q21 $206.2 million of CDs maturing
Slide 8: Non-Interest Income Trends
Total Non-Interest Income Non-Interest Income Trends ($ in millions) Non-interest income increased $5.3 million from 1Q21 Balanced growth in fee income with largest increase stemming from net gains on sales of loans FMV mark in servicing asset offset lower gains on sales of securities that positivel
Slide 9: Non-Interest Expense Trends
Non-Interest Expense Trends ($ in millions) Non-interest expense increased to $43.0 million from $38.8 million in 1Q21, primarily attributable to: $2.8 million in deferred loan origination costs related to PPP recorded in 1Q21 Assets held for sale impairment charge of $1.9 million compared to $0.6 m
Slide 10: Asset Quality Trends
Asset Quality Trends ($ in millions) Non-performing assets to total assets declined to 0.61% in 2Q21 from 0.64% in 1Q21 NPLs / Total Loans & Leases decreased 4 bps to 0.79% in 2Q21 from 0.83% in 1Q21 NPLs / Total Loans & Leases (excluding government guaranteed) decreased 10 bps to 0.66% in 2Q21 from
Slide 11: Strong Capital Position and Focus on Return on Capital
Repurchased 538,744 shares of common stock in 2Q21 at a cost of $12.1 million Repurchased 871,488 shares of common stock YTD at a cost of $18.5 million On July 29, 2021, the Company announced expansion of its stock repurchase program with authorization to repurchase up to 2.5 million shares Project
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: PPP Overview
Project Sox Offer Migration PPP Overview Net of unearned fees. As of June 30, 2021. Paycheck Protection Program Balances (1) PPP Fees and Forgiveness Overview (2) At or For the Three Months Ended 6/30/21 Gross PPP Loans $488.2 million Average PPP Loans, net $574.4 million Average Borrowings Under PP
Slide 15: Projected Acquisition Accounting Accretion
Projected Acquisition Accounting Accretion Projected Accretion(1) ($ 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 [As of or For the Three Months Ended June 30, March 31, December 32, ‘September 30, June 30, {dollars in thousands, except per share data) 2021 2021 2020 2020 2020 ‘Net income and earnings per share excluding significant items Reported Net Income $ 28,4
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: Byline Bancorp, Inc.