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Compared to Estimates, Byline Bancorp (BY) Q2 Earnings: A Look at Key Metrics
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Byline Bancorp (BY - Free Report) reported $99.37 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.9%. EPS of $0.68 for the same period compares to $0.73 a year ago.
The reported revenue represents a surprise of +0.12% over the Zacks Consensus Estimate of $99.25 million. With the consensus EPS estimate being $0.63, the EPS surprise was +7.94%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Byline Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 52.2% versus the three-analyst average estimate of 53.7%.
Net Interest Margin: 4% versus 3.9% estimated by three analysts on average.
Average Balance - Total interest-earning assets: $8.74 billion compared to the $8.75 billion average estimate based on two analysts.
Net charge-offs of loans and leases: 0.6% compared to the 0.4% average estimate based on two analysts.
Net Interest Income: $86.53 million compared to the $84.66 million average estimate based on three analysts.
Net gains on sales of loans: $6.04 million versus $5.67 million estimated by three analysts on average.
Total Non-Interest Income: $12.84 million versus the three-analyst average estimate of $15.11 million.
Fees and service charges on deposits: $2.55 million compared to the $2.43 million average estimate based on two analysts.
Wealth management and trust income: $0.94 million compared to the $1.18 million average estimate based on two analysts.
ATM and interchange fees: $1.16 million versus $1.15 million estimated by two analysts on average.
Shares of Byline Bancorp have returned +23.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Byline Bancorp (BY) Q2 Earnings: A Look at Key Metrics
Byline Bancorp (BY - Free Report) reported $99.37 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.9%. EPS of $0.68 for the same period compares to $0.73 a year ago.
The reported revenue represents a surprise of +0.12% over the Zacks Consensus Estimate of $99.25 million. With the consensus EPS estimate being $0.63, the EPS surprise was +7.94%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Byline Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 52.2% versus the three-analyst average estimate of 53.7%.
- Net Interest Margin: 4% versus 3.9% estimated by three analysts on average.
- Average Balance - Total interest-earning assets: $8.74 billion compared to the $8.75 billion average estimate based on two analysts.
- Net charge-offs of loans and leases: 0.6% compared to the 0.4% average estimate based on two analysts.
- Net Interest Income: $86.53 million compared to the $84.66 million average estimate based on three analysts.
- Net gains on sales of loans: $6.04 million versus $5.67 million estimated by three analysts on average.
- Total Non-Interest Income: $12.84 million versus the three-analyst average estimate of $15.11 million.
- Fees and service charges on deposits: $2.55 million compared to the $2.43 million average estimate based on two analysts.
- Wealth management and trust income: $0.94 million compared to the $1.18 million average estimate based on two analysts.
- ATM and interchange fees: $1.16 million versus $1.15 million estimated by two analysts on average.
View all Key Company Metrics for Byline Bancorp here>>>Shares of Byline Bancorp have returned +23.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.