Byline Bancorp Valuation Analysis
| BY Stock | USD 33.16 -0.20 -0.60% |
Below Model Estimate
Today
The intrinsic value estimate for Byline Bancorp is based on a 3 months horizon. Extending the time horizon generally improves valuation stability.
The valuation of Byline Bancorp is tested here against earnings multiples, cash-flow models, and asset-based benchmarks. Cross-checking more than one valuation method usually gives a more reliable estimate than relying on a single framework.
Main Profitability Drivers
Byline Bancorp's net margin stands at 15.00%, with operating margin at 17.00%. The 2.00 percentage-point gap between operating and net margins points to non-operating costs such as interest expense or taxes reducing bottom-line profitability. On $629.49 million of revenue, Byline Bancorp earned $422.94 million in gross profit and $130.05 million on the bottom line. At 6.37% ROE and 0.80% ROA, Byline Bancorp's efficiency metrics offer insight into capital and asset utilization. Deteriorating profitability trends for Byline Bancorp indicate that cost pressures or revenue weakness may be outpacing operational gains. The full picture is available through Byline Bancorp's complete profitability review to assess how these metrics compare over time.
Price Book 1.14 | Gross Profit | Price Sales 3.56 | Profit Margin | Enterprise Value Revenue 4.52 |
Byline Bancorp Cash | $57.17 million |
Cash stood at $60.18 million as of December 31, 2025.
Byline Bancorp operates as a financial institution generating revenue through lending, deposits, and interest rate spreads, forming the primary lens for valuation. Classified as a moderate-growth stock in Banks, its valuation multiples suggest steady earnings expectations without aggressive growth pricing. The sections below test current market pricing against capital structure, margins, and earnings trajectory.
Total Value Analysis
The market-value snapshot for Byline Bancorp reflects enterprise value of 1.95 billion, market capitalization of 1.51 billion, debt of 564.95 million, and cash and equivalents of 181.04 million as of latest reporting. The gap between enterprise value and market cap reflects the net effect of debt and cash — shifts in either can materially change the total-value picture.| Takeover Price | Market Cap | Debt Obligations | Cash & Equivalents |
1.95 billion | 1.51 billion | 564.95 million | 181.04 million |
Investor Information
About 29.0% of BY shares are held by company insiders. BY has price-to-book (P/B) ratio of 1.14. Equities trading at this Price to Book (P/B) range reflect investor confidence in earnings power beyond book value. Byline Bancorp had its last dividend issued on the 5th of May 2026. Byline Bancorp shows moderate financial flexibility with thin profitability across liquidity, leverage, and earnings quality. Return on assets remains in positive territory, consistent with the company's business model and scale.Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Byline Bancorp has an asset utilization ratio of 6.52 percent. This suggests that the Company is making $0.0652 for each dollar of assets. An increasing asset utilization means that Byline Bancorp is more efficient with each dollar of assets it utilizes for everyday operations.Macro event markers
Discounted Cash Flow Analysis
Byline Bancorp's custom levered DCF points to 79.56 per share versus 33.16 in the market, implying upside to the modeled value. Relative to the modeled value, the stock sits roughly 139.9% lower. The model discounts levered cash flows at 12.26% and assumes terminal growth of 2.0%, while forward free cash flow is near 522.51 Million. Even with about 1.26 Billion of discounted forecast cash flow in the model, nearly 69.4% of enterprise value comes from the terminal value. Divergences of this magnitude warrant particular scrutiny of the underlying assumptions. The market may be pricing in risks or structural headwinds that the model's base case does not fully capture.Model Value / Share
79.56
Equity value per share from the current custom levered DCF summary row.
Market Price
33.16
Current market price used by the same scenario.
Model Upside
139.9%
Market price sits below the model output.
WACC / LT Growth
12.26% / 2.0%
Forecast horizon: 2021 to 2030Terminal value share of EV: 69.4%
Byline Bancorp Market Price vs. Intrinsic Value
This chart compares observed market pricing with the model-derived equity value per share across forecast periods. It also illustrates the relative premium or discount, expressed as a percentage difference between market valuation and modeled intrinsic value.
Projected Revenue and Levered Free Cash Flow
Revenue and levered free cash flow projections are presented in billions, outlining the expected financial trajectory over the modeled horizon.
Key Model Assumptions
The inputs below reflect the core assumptions applied in the valuation model, including growth expectations, discount rates, and capital structure considerations.
| Input | Current Value |
|---|---|
| Weighted Average Cost of Capital | 12.26% |
| Long-Term Growth Rate | 2.0% |
| Cost of Equity | 7.54% |
| After-Tax Cost of Debt | 24.83% |
| Debt Weighting | 27.28% |
| Equity Weighting | 72.72% |
| Net Debt | 504.76 million |
| Enterprise Value | 4.12 billion |
| Present Terminal Value | 2.86 billion |
| Terminal Value Share of EV | 69.4% |
Forecast Detail and Valuation Progression
This table presents the underlying forecast data used in the valuation, including revenue, cash flow generation, discounting effects, and the resulting per-share value across each projected period.
| Year | Revenue | Revenue Growth | Free Cash Flow | PV of LFCF | Equity Value / Share |
|---|---|---|---|---|---|
| 2021 | 316.14 million | 0.00% | 72.19 million | 0 | 79.66 |
| 2022 | 356.46 million | 12.75% | 216.7 million | 0 | 79.16 |
| 2023 | 532.47 million | 49.38% | 162.21 million | 0 | 79.83 |
| 2024 | 621.42 million | 16.71% | 171.17 million | 0 | 79.60 |
| 2025 | 629.49 million | 1.30% | 136.32 million | 0 | 79.57 |
| 2026 | 755.6 million | 20.03% | 246.76 million | 219.82 million | 79.56 |
| 2027 | 906.97 million | 20.03% | 296.2 million | 235.04 million | 79.56 |
| 2028 | 1.09 billion | 20.03% | 355.54 million | 251.31 million | 79.56 |
| 2029 | 1.31 billion | 20.03% | 426.77 million | 268.72 million | 79.56 |
| 2030 | 1.57 billion | 20.03% | 512.26 million | 287.32 million | 79.56 |
Profitability Analysis
Reviewing Byline Bancorp's reported profitability metrics, Byline Bancorp is profitable with a net margin of 15.0% and operating margin of 17.0%, reporting net income of 130.05 million. Return on equity stands at 6.37%. Profitability metrics show broad-based margin compression, with multiple indicators contracting year over year.Net Income | First Reported 2015-12-31 | Previous Quarter 34.52 million | Current Value 37.58 million | Quarterly Volatility 13.97 million |
Macro event markers
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 86.00% | 66.12% |
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Profitability for Byline Bancorp depends on margin structure, capital efficiency, and cost control. Net margin of 15.0% reflects solid earnings conversion and cost discipline relative to revenue. The data below separates structural profitability from one-time items and cyclical effects. Byline Bancorp reports return on equity of 6.37%, positive but not at levels that signal strong capital efficiency.
Earnings per Share Projection vs Actual
Analyst EPS forecasts for Byline Bancorp distill multiple research perspectives into a consensus earnings outlook. Net profit margin of 15.0% shows how much of Byline Bancorp's top line converts to bottom-line earnings. For Byline Bancorp, EPS context improves when viewed through the lens of return on equity and payout ratio. Projected earnings per share for Byline Bancorp anchor the market's pricing of near-term earnings power. Consensus estimates may not capture non-recurring items or stock-compensation effects, so testing against the current net margin profile (15.0%), guidance revisions, and prior forecast error adds precision. Byline Bancorp reported estimated earnings of 0.78 in earnings per share on 30th of June 2026. When actual results deviate from this estimate, the gap typically signals whether earnings momentum is accelerating or fading.Macro event markers
Earnings Estimation Breakdown
5 analysts contribute to the current consensus. The last reported EPS was 0.83 as of 31st of March 2026.
Last Reported EPS
0.77
Lowest
0.78
Expected EPS
0.79
Highest
Analyst estimate range around the current expected EPS projection.
Earnings Projection Consensus
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 30th of June 2026 | Current EPS (TTM) | |
| 5 | 90.75% | 0.83 | 0.78 | 3.08 |
Ownership Allocation
Over half of Byline Bancorp's outstanding shares are owned by institutional holders. Institutional investors such as mutual funds, pension funds, and asset managers typically build positions in companies like Byline Bancorp as part of their portfolio management activity, investing on behalf of clients or beneficiaries.Revenue and Profit Overview
BY generated yearly revenue of $629.49 million. Reported Net Income was $130.05 million with gross profit of $422.94 million.Past Distributions to Stockholders
the Stock dividend payments may indicate management's confidence in long-term earnings stability. Dividend sustainability depends on earnings support and broader capital allocation priorities. For additional distribution details, see how the Stock distributes income.
| 17th of February 2026 | ||
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| 18th of November 2025 | ||
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| 19th of November 2024 | ||
| 5th of November 2024 | ||
| 20th of August 2024 | ||
| 21st of May 2024 |
Reading the Current Signals
Few asset management and advisory firms sustain a P/E as low as 15.25 without the market embedding a view on limited earnings growth or elevated cost risk. For asset management and advisory firms, the earnings multiple reflects operating economics and cost structure more than top-line growth alone. At 15.0%, the margin structure places Byline Bancorp in a range where operational efficiency improvements would have an outsized impact on earnings. This margin profile is a direct function of the underlying business economics. Byline Bancorp carries minimal debt at 0.08, more financial cushion than many comparable companies - relevant during periods of heightened market volatility. The 6.37% ROE places Byline Bancorp in a range where the business covers its cost of capital but has room to improve how effectively equity translates into earnings. At these levels, the market is discounting limited or declining earnings momentum. The key question is whether operating trends stabilize enough to challenge the skepticism embedded in the current pricing.
Overall Interpretation
Across the key valuation dimensions, Byline Bancorp presents a moderately profitable business where earnings are shaped by operating scale and the underlying cost structure within Banks. Operating margins and return on equity remain in constructive territory, consistent with a company that covers its cost of capital and generates positive shareholder returns. While margins are solid, the comparatively modest return on equity indicates capital efficiency has room to improve - either the equity base is overcapitalized or recent investment has not yet translated into proportional shareholder returns. On balance, Byline Bancorp is operating from a position of strength. How much of that strength is already priced in depends on fee revenue trajectory, asset growth, and margin resilience through different market environments.
Each of the valuation dimensions above captures a different angle on Byline Bancorp, and their combined signal matters more than any single metric. Given the current mix of multiples, margins, and leverage, the valuation picture is most useful when tracked over time rather than read as a static conclusion.
Valuation Framework, Methodology & Assumptions
Byline Bancorp is a small-cap equity in Regional Banks, Banks - Regional, Financial Services categories. Valuation integrates earnings durability and capital efficiency. Certain defensive traits may reduce sensitivity to broader macroeconomic fluctuations. On a relative-multiples basis, Byline Bancorp is priced at P/E of 15.25, P/B of 1.14, P/S of 3.56.
Byline Bancorp analytics rely on periodic company reporting and market reference feeds, with quality checks and normalization applied. Analyst projections are included when active coverage applies. Valuation outputs are model-derived and depend on published assumptions and reference inputs.
The analysis above is generated by quantitative models and is provided for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an endorsement to buy or sell any security. All investing involves risk, including the possible loss of principal. Consult a qualified financial advisor before making investment decisions. See our Terms of Use for full details.
Financial data referenced in this analysis is derived from publicly available SEC filings, audited financial statements, and third-party market data providers. The intrinsic value estimate is generated by Macroaxis quantitative models that incorporate fundamental analysis, technical indicators, and risk metrics.
The methodology combines multiple analytical inputs:
- Fundamental analysis - financial statements, profitability ratios, debt structure, and cash flow metrics sourced from SEC filings and public financial reports
- Technical indicators - historical price patterns, momentum signals, and volatility measures
- Risk assessment - probability of bankruptcy models, market risk metrics, and downside scenario analysis
- Peer comparison - relative valuation against industry peers using standardized multiples
Model outputs are refreshed periodically as new financial data becomes available. Past model performance is not indicative of future results. The intrinsic value estimate reflects a point-in-time calculation and should be considered alongside other research and professional advice.
Data sourced from SEC filings (EDGAR), public financial statements, and market data providers.
Editorial review and methodology oversight provided by: Vlad Skutelnik, Macroaxis Contributor
Growth Indicators
Growth-focused analysis of Byline Bancorp matters because high expectations can support outsized upside but also sharper repricing when execution slips. The practical risk is that high expectations leave less room for disappointment when results or guidance soften.
| Common Stock Shares Outstanding | 45.42 million | |
| Quarterly Earnings Growth Y O Y | 29.70% | |
| Forward Price Earnings | 9.5877 |
Byline Bancorp Current Valuation Indicators
Valuation of Byline Bancorp is strongest when several lenses are used together: market cap, enterprise value. revenue, and cash-flow durability. Earnings multiples, cash-flow yields, and asset-based measures work best as a group rather than in isolation. Reported values are derived from company filings, audited financial statements, and market data, and are standardized within Macroaxis quantitative models for consistency. Model outputs reflect a point-in-time estimate based on available data and assumptions and should be interpreted alongside changes in operating performance, market conditions, and forward expectations.