Byline Bancorp, Inc. · NYSE:BY
Byline Bancorp — Q1 2021 Earnings Presentation
27 slides from Byline Bancorp's earnings presentation, Apr 29, 2021
Slide 1: Q1 2021 Conference Call
Q1 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: First Quarter 2021 Highlights
First Quarter 2021 Highlights Balance Sheet Growth Financial Performance Improving Credit Trends Strong Capital Represents a non-GAAP financial measure. See “Non-GAAP Reconciliation” in the appendix. Record net income of $21.8 million driven by balance sheet growth and improved operating leverage Pr
Slide 4: COVID-19 Response and PPP Update
COVID-19 Response and PPP Update 4 A slow and balanced phased-in return to the workplace 70- 80% WFH through June 2021 All locations are now open with access to drive-up or lobby service 2nd round of PPP in process; primarily second draw PPP requests; average loan size of ~$137,000 and over $330 mil
Slide 5: Loan and Lease Deferral Update – As of March 31, 2021
Loan and Lease Deferral Update – As of March 31, 2021 Conventional Deferral Trend ($ in millions) Note: Data as of March 31, 2021. Due to rounding, amounts may not calculate precisely. Represents sectors with less than 5% of the total portfolio. Excludes PPP loans. Balance less than $50,000. Exclude
Slide 6: Loan and Lease Trends
Loan and Lease Trends ($ in millions) Originations and Payoffs(1) Portfolio by Segment Total Loans & Leases and Average Yield Total loans and leases were $4.5 billion at 1Q21, an increase of $114.1 million, primarily due to new PPP loan fundings Originated portfolio increased $181.0 million, or $81.
Slide 7: Government-Guaranteed Lending
Government-Guaranteed Lending ($ in millions) On Balance Sheet SBA 7(a) & USDA Loans Top 5 SBA 7(a) lender in the United States - #1 in Illinois & Wisconsin Servicing $1.6 billion in government guaranteed loans for investors ALLL/Unguaranteed loan balance ~ 8.9 % SBA program enhancements: Subsidy Pa
Slide 8: Deposit Trends
Total deposits increased $272.5 million to $5.03 billion Strong inflow of commercial non-interest bearing deposits Continued improvement in deposit mix with non-interest bearing deposits increasing to 40.1% of total deposits from 37.1% in 4Q20 Loans to deposits remains stable at 89.23% Commercial de
Slide 9: Net Interest Income and Net Interest Margin Trends
Net Interest Income and Net Interest Margin Trends ($ in millions) Net interest income was $56.6 million, up 1.1% from 4Q20 Net interest margin unchanged from 4Q20 at 3.77% Excluding accretion income, net interest margin increased 3 basis points from 4Q20 Average cost of deposits for month of March
Slide 10: Non-Interest Income Trends
Total Non-Interest Income Non-Interest Income Trends ($ in millions) Non-interest income decreased $2.0 million from 4Q20 Lower volume of loan and securities sales $1.5 million loan servicing asset revaluation charge Added $50.0 million of BOLI in March – 2.48% nominal yield Volume Sold and Average
Slide 11: Non-Interest Expense Trends
Non-Interest Expense Trends ($ in millions) Non-interest expense declined to $38.8 million from $47.0 million in 4Q20 Branch consolidation charges of $4.2 million in prior quarter Assets held for sale impairment charge of $604,000 compared to $4.0 million in prior quarter $2.8 million in deferred lo
Slide 12: Asset Quality Trends
Asset Quality Trends ($ in millions) Non-performing assets to total assets declined to 0.64% in 1Q21 from 0.74% in 4Q20 NPLs/ Total Loans & Leases decreased 12 bps to 0.83% in 1Q21 from 0.95% in 4Q20 NPLs/ Total Loans & Leases (excluding government guaranteed) decreased 10 bps to 0.76% in 1Q21 from
Slide 13: Strong Liquidity and Capital Position
Project Sox Offer Migration Strong Liquidity and Capital Position Liquidity Position and Funding Profile Strong Capital Base 13 Represents a non-GAAP financial measure. See “Non-GAAP Reconciliation” in the appendix. CET1 of 12.09% and Total Capital Ratio of 15.96% Excess CET1 capital above conservat
Slide 14: 2021 Outlook and Strategic Priorities
14 2021 Outlook and Strategic Priorities Maintain Strong Capital, Liquidity and Reserves To Support Organic Growth Accelerate Loan Production as Economic Growth Continues Continue Investing in Technology to Improve Efficiencies and Enhance Revenue Generation M&A Opportunities with Attractive Metrics
Slide 15: Appendix
Appendix (3) Byline Bancorp Ine:
Slide 16: Select COVID-19 Industries
Select COVID-19 Industries ($ in millions) Total loan and lease portfolio (excluding PPP) stood at $3.8 billion as of March 31, 2021; Aggregate exposure to select COVID-19 industries ~ 8.7% of portfolio Restaurants represent the largest exposures at $124.2 million or 3.2% of total loans and leases,
Slide 17: Hotels, Restaurants and Amusement Portfolio Characteristics
Hotels Portfolio Characteristics Balance: $42.0 million Conventional: $23.7 million Leasing: $647,000 SBA: $17.6 million Guaranteed: None Average loan: $538,000 Largest loan: $10.0 million Exposure: Deferral and SBA Subsidy $ of portfolio / % of portfolio Active Deferrals(1): $4.5 million / 11% Acti
Slide 18: Religious/Non-Profit, Nursing Homes, Trucking Portfolio Characteristics
Religious/Non-Profit/Civic Portfolio Characteristics Balance: $34.5 million Conventional: $23.3 million Leasing: $1.4 million SBA: $9.8 million Guaranteed: None Average loan: $208,000 Largest loan: $4.7 million Exposure: Deferral and SBA Subsidy $ of portfolio / % of portfolio Active Deferrals(1): N
Slide 19: PPP Impact on 1Q21 Financials
PPP Impact on 1Q21 Financials 19
Slide 20: Projected Acquisition Accounting Accretion
Projected Acquisition Accounting Accretion Projected Accretion(1) ($ in millions) Accretion as a Percentage of Total Revenue 20 Projections are updated quarterly, assumes no prepayments and are subject to change.
Slide 21: Five Quarter Financial Summary
Five Quarter Financial Summary ($ in millions, except per share data) Represents a non-GAAP financial measure. See “Non-GAAP Reconciliation” in the appendix. 21
Slide 22: Non-GAAP Reconciliation
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Slide 23: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) 23
Slide 24: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) 24
Slide 25: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) 25
Slide 26: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) 26
Slide 27: SAO
SAO = AON