UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
|
☒ |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended March 31, 2020
OR
|
☐ |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from ______to ______
Commission File Number 001-38139
Byline Bancorp, Inc.
(Exact Name of Registrant as Specified in Its Charter)
|
Delaware |
|
36-3012593 |
|
(State or Other Jurisdiction of Incorporation or Organization) |
|
(IRS Employer Identification Number) |
180 North LaSalle Street, Suite 300
Chicago, Illinois 60601
(Address of Principal Executive Offices)
(773) 244-7000
(Registrant’s telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Securities Exchange Act of 1934.
|
Large accelerated filer |
☐ |
|
Accelerated filer |
☒ |
|
Non-accelerated filer |
☐ |
|
Smaller reporting company |
☐ |
|
|
|
|
Emerging growth company |
☒ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐No ☒
Securities registered pursuant to Section 12(b) of the Act:
|
Title of each class |
Trading Symbol |
Name of each exchange on which registered |
|
Common Stock |
BY |
New York Stock Exchange |
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:
Common Stock, $0.01 par value, 38,383,021 shares outstanding as of May 4, 2020
FORM 10-Q
March 31, 2020
INDEX
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Page |
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PART I. |
|
|
3 |
|
|
Item 1. |
|
|
3 |
|
|
|
|
|
3 |
|
|
|
|
|
4 |
|
|
|
|
|
5 |
|
|
|
|
|
6 |
|
|
|
|
Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2020 and 2019 (unaudited) |
|
8 |
|
|
|
Notes to Unaudited Interim Condensed Consolidated Financial Statements |
|
10 |
|
Item 2. |
|
Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|
45 |
|
Item 3. |
|
|
83 |
|
|
Item 4. |
|
|
85 |
|
|
|
|
|
|
|
|
PART II. |
|
OTHER INFORMATION |
|
|
|
Item 1. |
|
|
86 |
|
|
Item 1A. |
|
|
86 |
|
|
Item 2. |
|
|
88 |
|
|
Item 3. |
|
|
88 |
|
|
Item 4. |
|
|
88 |
|
|
Item 5. |
|
|
88 |
|
|
Item 6. |
|
|
89 |
2
PART I – FINANCIAL INFORMATION
BYLINE BANCORP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(UNAUDITED)
|
|
|
|
|
|
|
|
|
|
|
(dollars in thousands, except per share data) |
|
March 31, 2020 |
|
|
December 31, 2019 |
|
||
|
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and due from banks |
|
$ |
45,233 |
|
|
$ |
48,228 |
|
|
Interest bearing deposits with other banks |
|
|
74,386 |
|
|
|
32,509 |
|
|
Cash and cash equivalents |
|
|
119,619 |
|
|
|
80,737 |
|
|
Equity and other securities, at fair value |
|
|
7,413 |
|
|
|
8,031 |
|
|
Securities available-for-sale, at fair value |
|
|
1,299,483 |
|
|
|
1,186,292 |
|
|
Securities held-to-maturity, at amortized cost (fair value at March 31, 2020—$4,516, December 31, 2019—$4,498) |
|
|
4,408 |
|
|
|
4,412 |
|
|
Restricted stock, at cost |
|
|
24,197 |
|
|
|
22,127 |
|
|
Loans held for sale |
|
|
13,299 |
|
|
|
11,732 |
|
|
Loans and leases: |
|
|
|
|
|
|
|
|
|
Loans and leases |
|
|
3,860,259 |
|
|
|
3,785,661 |
|
|
Allowance for loan and lease losses |
|
|
(41,840 |
) |
|
|
(31,936 |
) |
|
Net loans and leases |
|
|
3,818,419 |
|
|
|
3,753,725 |
|
|
Servicing assets, at fair value |
|
|
17,800 |
|
|
|
19,471 |
|
|
Premises and equipment, net |
|
|
96,446 |
|
|
|
96,140 |
|
|
Other real estate owned, net |
|
|
9,273 |
|
|
|
9,896 |
|
|
Goodwill and other intangible assets, net |
|
|
178,362 |
|
|
|
180,255 |
|
|
Bank-owned life insurance |
|
|
9,898 |
|
|
|
9,750 |
|
|
Deferred tax assets, net |
|
|
33,845 |
|
|
|
38,315 |
|
|
Accrued interest receivable and other assets |
|
|
102,292 |
|
|
|
100,926 |
|
|
Total assets |
|
$ |
5,734,754 |
|
|
$ |
5,521,809 |
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
Non-interest-bearing demand deposits |
|
$ |
1,290,896 |
|
|
$ |
1,279,641 |
|
|
Interest-bearing deposits |
|
|
2,947,940 |
|
|
|
2,867,936 |
|
|
Total deposits |
|
|
4,238,836 |
|
|
|
4,147,577 |
|
|
Short-term borrowings |
|
|
640,647 |
|
|
|
539,638 |
|
|
Junior subordinated debentures issued to capital trusts, net |
|
|
37,462 |
|
|
|
37,334 |
|
|
Accrued interest payable and other liabilities |
|
|
55,142 |
|
|
|
47,145 |
|
|
Total liabilities |
|
|
4,972,087 |
|
|
|
4,771,694 |
|
|
STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
Preferred stock |
|
|
10,438 |
|
|
|
10,438 |
|
|
Common stock |
|
|
380 |
|
|
|
379 |
|
|
Additional paid-in capital |
|
|
582,517 |
|
|
|
580,965 |
|
|
Retained earnings |
|
|
160,652 |
|
|
|
159,033 |
|
|
Accumulated other comprehensive income (loss), net of tax |
|
|
10,348 |
|
|
|
(700 |
) |
|
Treasury stock, at cost |
|
|
(1,668 |
) |
|
|
— |
|
|
Total stockholders’ equity |
|
|
762,667 |
|
|
|
750,115 |
|
|
Total liabilities and stockholders’ equity |
|
$ |
5,734,754 |
|
|
$ |
5,521,809 |
|
|
|
|
March 31, 2020 |
|
|
December 31, 2019 |
|
||||||||||
|
|
|
|
|
|
|
|
||||||||||
|
|
|
Preferred Shares |
|
|
Common Shares |
|
|
Preferred Shares |
|
|
Common Shares |
|
||||
|
Par value |
|
$ |
— |
|
|
$ |
0.01 |
|
|
$ |
— |
|
|
$ |
0.01 |
|
|
Shares authorized |
|
|
50,000 |
|
|
|
150,000,000 |
|
|
|
50,000 |
|
|
|
150,000,000 |
|
|
Shares issued |
|
|
10,438 |
|
|
|
38,501,507 |
|
|
|
10,438 |
|
|
|
38,256,500 |
|
|
Shares outstanding |
|
|
10,438 |
|
|
|
38,383,021 |
|
|
|
10,438 |
|
|
|
38,256,500 |
|
|
Treasury shares |
|
|
— |
|
|
|
118,486 |
|
|
|
— |
|
|
|
— |
|
See accompanying Notes to Unaudited Interim Condensed Consolidated Financial Statements.
3
BYLINE BANCORP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
|
|
|
Three Months Ended |
|
|||||
|
|
|
March 31, |
|
|||||
|
(dollars in thousands, except share and per share data) |
|
2020 |
|
|
2019 |
|
||
|
INTEREST AND DIVIDEND INCOME |
|
|
|
|
|
|
|
|
|
Interest and fees on loans and leases |
|
$ |
54,158 |
|
|
$ |
54,383 |
|
|
Interest on securities |
|
|
8,016 |
|
|
|
6,102 |
|
|
Other interest and dividend income |
|
|
992 |
|
|
|
625 |
|
|
Total interest and dividend income |
|
|
63,166 |
|
|
|
61,110 |
|
|
INTEREST EXPENSE |
|
|
|
|
|
|
|
|
|
Deposits |
|
|
7,804 |
|
|
|
8,076 |
|
|
Short-term borrowings |
|
|
1,897 |
|
|
|
2,166 |
|
|
Junior subordinated debentures issued to capital trusts |
|
|
640 |
|
|
|
783 |
|
|
Total interest expense |
|
|
10,341 |
|
|
|
11,025 |
|
|
Net interest income |
|
|
52,825 |
|
|
|
50,085 |
|
|
PROVISION FOR LOAN AND LEASE LOSSES |
|
|
14,455 |
|
|
|
3,999 |
|
|
Net interest income after provision for loan and lease losses |
|
|
38,370 |
|
|
|
46,086 |
|
|
NON-INTEREST INCOME |
|
|
|
|
|
|
|
|
|
Fees and service charges on deposits |
|
|
1,673 |
|
|
|
1,770 |
|
|
Loan servicing revenue |
|
|
2,758 |
|
|
|
2,539 |
|
|
Loan servicing asset revaluation |
|
|
(3,064 |
) |
|
|
(1,261 |
) |
|
ATM and interchange fees |
|
|
1,216 |
|
|
|
717 |
|
|
Net gains on sales of securities available-for-sale |
|
|
1,375 |
|
|
|
— |
|
|
Change in fair value of equity securities, net |
|
|
(619 |
) |
|
|
499 |
|
|
Net gains on sales of loans |
|
|
4,773 |
|
|
|
6,233 |
|
|
Wealth management and trust income |
|
|
669 |
|
|
|
595 |
|
|
Other non-interest income |
|
|
392 |
|
|
|
896 |
|
|
Total non-interest income |
|
|
9,173 |
|
|
|
11,988 |
|
|
NON-INTEREST EXPENSE |
|
|
|
|
|
|
|
|
|
Salaries and employee benefits |
|
|
24,666 |
|
|
|
22,892 |
|
|
Occupancy and equipment expense, net |
|
|
5,524 |
|
|
|
4,949 |
|
|
Loan and lease related expenses |
|
|
1,311 |
|
|
|
1,577 |
|
|
Legal, audit and other professional fees |
|
|
2,334 |
|
|
|
2,066 |
|
|
Data processing |
|
|
2,665 |
|
|
|
3,144 |
|
|
Net loss recognized on other real estate owned and other related expenses |
|
|
519 |
|
|
|
196 |
|
|
Other intangible assets amortization expense |
|
|
1,893 |
|
|
|
1,773 |
|
|
Other non-interest expense |
|
|
4,615 |
|
|
|
4,082 |
|
|
Total non-interest expense |
|
|
43,527 |
|
|
|
40,679 |
|
|
INCOME BEFORE PROVISION FOR INCOME TAXES |
|
|
4,016 |
|
|
|
17,395 |
|
|
PROVISION FOR INCOME TAXES |
|
|
1,050 |
|
|
|
4,798 |
|
|
NET INCOME |
|
|
2,966 |
|
|
|
12,597 |
|
|
Dividends on preferred shares |
|
|
196 |
|
|
|
196 |
|
|
INCOME AVAILABLE TO COMMON STOCKHOLDERS |
|
$ |
2,770 |
|
|
$ |
12,401 |
|
|
EARNINGS PER COMMON SHARE |
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.07 |
|
|
$ |
0.34 |
|
|
Diluted |
|
$ |
0.07 |
|
|
$ |
0.34 |
|
See accompanying Notes to Unaudited Interim Condensed Consolidated Financial Statements.
4
BYLINE BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
|
|
|
Three Months Ended |
|
|||||
|
|
|
March 31, |
|
|||||
|
(dollars in thousands) |
|
2020 |
|
|
2019 |
|
||
|
Net income |
|
$ |
2,966 |
|
|
$ |
12,597 |
|
|
Securities available-for-sale |
|
|
|
|
|
|
|
|
|
Unrealized holding gains arising during the period |
|
|
16,665 |
|
|
|
8,635 |
|
|
Reclassification adjustments for net gains included in net income |
|
|
(1,375 |
) |
|
|
— |
|
|
Tax effect |
|
|
(4,258 |
) |
|
|
(2,296 |
) |
|
Net of tax |
|
|
11,032 |
|
|
|
6,339 |
|
|
Cash flow hedges |
|
|
|
|
|
|
|
|
|
Unrealized holding losses arising during the period |
|
|
— |
|
|
|
(1,817 |
) |
|
Reclassification adjustments for net losses (gains) included in net income |
|
|
21 |
|
|
|
(705 |
) |
|
Tax effect |
|
|
(5 |
) |
|
|
702 |
|
|
Net of tax |
|
|
16 |
|
|
|
(1,820 |
) |
|
Total other comprehensive income |
|
|
11,048 |
|
|
|
4,519 |
|
|
Comprehensive income |
|
$ |
14,014 |
|
|
$ |
17,116 |
|
See accompanying Notes to Unaudited Interim Condensed Consolidated Financial Statements.
5
BYLINE BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(UNAUDITED)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
|
Accumulated Other |
|
|
|
|
|
|
Total |
|
|||
|
|
|
Preferred Stock |
|
|
Common Stock |
|
|
Paid-In |
|
|
Retained |
|
|
Comprehensive |
|
|
Treasury |
|
|
Stockholders’ |
|
|||||||||||||||
|
(dollars in thousands, except share data) |
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Earnings |
|
|
Income (Loss) |
|
|
Stock |
|
|
Equity |
|
|||||||||
|
Balance, January 1, 2019 |
|
|
10,438 |
|
|
$ |
10,438 |
|
|
|
36,343,239 |
|
|
$ |
361 |
|
|
$ |
546,849 |
|
|
$ |
102,522 |
|
|
$ |
(9,498 |
) |
|
$ |
— |
|
|
$ |
650,672 |
|
|
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12,597 |
|
|
|
— |
|
|
|
— |
|
|
|
12,597 |
|
|
Other comprehensive income, net of tax |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,519 |
|
|
|
— |
|
|
|
4,519 |
|
|
Issuance of common stock upon exercise of stock options |
|
|
— |
|
|
|
— |
|
|
|
50,662 |
|
|
|
1 |
|
|
|
635 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
636 |
|
|
Restricted stock activity |
|
|
— |
|
|
|
— |
|
|
|
(8,500 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Issuance of common stock in connection with employee stock purchase plan |
|
|
— |
|
|
|
— |
|
|
|
12,743 |
|
|
|
— |
|
|
|
291 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
291 |
|
|
Cumulative-effect adjustment (ASU 2016-01) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,440 |
|
|
|
(1,440 |
) |
|
|
— |
|
|
|
— |
|
|
Cash dividends declared on preferred stock |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(196 |
) |
|
|
— |
|
|
|
— |
|
|
|
(196 |
) |
|
Share-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
230 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
230 |
|
|
Balance, March 31, 2019 |
|
|
10,438 |
|
|
$ |
10,438 |
|
|
|
36,398,144 |
|
|
$ |
362 |
|
|
$ |
548,005 |
|
|
$ |
116,363 |
|
|
$ |
(6,419 |
) |
|
$ |
— |
|
|
$ |
668,749 |
|
|
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
13,211 |
|
|
|
— |
|
|
|
— |
|
|
|
13,211 |
|
|
Other comprehensive income, net of tax |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,071 |
|
|
|
— |
|
|
|
5,071 |
|
|
Issuance of common stock upon exercise of stock options |
|
|
— |
|
|
|
— |
|
|
|
116,048 |
|
|
|
1 |
|
|
|
1,668 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,669 |
|
|
Issuance of common stock due to business combination, net of issuance costs |
|
|
— |
|
|
|
— |
|
|
|
1,464,558 |
|
|
|
15 |
|
|
|
28,877 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
28,892 |
|
|
Restricted stock activity |
|
|
— |
|
|
|
— |
|
|
|
136,469 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Cash dividends declared on preferred stock |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(195 |
) |
|
|
— |
|
|
|
— |
|
|
|
(195 |
) |
|
Share-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
278 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
278 |
|
|
Balance, June 30, 2019 |
|
|
10,438 |
|
|
$ |
10,438 |
|
|
|
38,115,219 |
|
|
$ |
378 |
|
|
$ |
578,828 |
|
|
$ |
129,379 |
|
|
$ |
(1,348 |
) |
|
$ |
— |
|
|
$ |
717,675 |
|
|
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
15,342 |
|
|
|
— |
|
|
|
— |
|
|
|
15,342 |
|
|
Other comprehensive income, net of tax |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,309 |
|
|
|
— |
|
|
|
2,309 |
|
|
Issuance of common stock upon exercise of stock options |
|
|
— |
|
|
|
— |
|
|
|
3,472 |
|
|
|
— |
|
|
|
54 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
54 |
|
|
Issuance cost in connection with business combination |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(157 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(157 |
) |
|
Restricted stock activity |
|
|
— |
|
|
|
— |
|
|
|
36,350 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Issuance of common stock in connection with employee stock purchase plan |
|
|
— |
|
|
|
— |
|
|
|
14,085 |
|
|
|
— |
|
|
|
289 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
289 |
|
|
Cash dividends declared on preferred stock |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(196 |
) |
|
|
— |
|
|
|
— |
|
|
|
(196 |
) |
|
Share-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
550 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
550 |
|
|
Balance, September 30, 2019 |
|
|
10,438 |
|
|
$ |
10,438 |
|
|
|
38,169,126 |
|
|
$ |
378 |
|
|
$ |
579,564 |
|
|
$ |
144,525 |
|
|
$ |
961 |
|
|
$ |
— |
|
|
$ |
735,866 |
|
|
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
15,852 |
|
|
|
— |
|
|
|
— |
|
|
|
15,852 |
|
|
Other comprehensive loss, net of tax |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,661 |
) |
|
|
— |
|
|
|
(1,661 |
) |
|
Issuance of common stock upon exercise of stock options |
|
|
— |
|
|
|
— |
|
|
|
71,029 |
|
|
|
— |
|
|
|
787 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
787 |
|
|
Restricted stock activity |
|
|
— |
|
|
|
— |
|
|
|
16,345 |
|
|
|
1 |
|
|
|
(1 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Cash dividends declared on preferred stock |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(196 |
) |
|
|
— |
|
|
|
— |
|
|
|
(196 |
) |
|
Cash dividends declared on common stock ($0.03 per share) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,148 |
) |
|
|
— |
|
|
|
— |
|
|
|
(1,148 |
) |
|
Share-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
615 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
615 |
|
|
Balance, December 31, 2019 |
|
|
10,438 |
|
|
$ |
10,438 |
|
|
|
38,256,500 |
|
|
$ |
379 |
|
|
$ |
580,965 |
|
|
$ |
159,033 |
|
|
$ |
(700 |
) |
|
$ |
— |
|
|
$ |
750,115 |
|
See accompanying Notes to Unaudited Interim Condensed Consolidated Financial Statements.
6
BYLINE BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Three Months Ended March 31, 2020
(UNAUDITED)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
|
Accumulated Other |
|
|
|
|
|
|
Total |
|
|||
|
|
|
Preferred Stock |
|
|
Common Stock |
|
|
Paid-In |
|
|
Retained |
|
|
Comprehensive |
|
|
Treasury |
|
|
Stockholders’ |
|
|||||||||||||||
|
(dollars in thousands, except share data) |
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Earnings |
|
|
Income (Loss) |
|
|
Stock |
|
|
Equity |
|
|||||||||
|
Balance, January 1, 2020 |
|
|
10,438 |
|
||||||||||||||||||||||||||||||||