# EDGAR Filing Document

**Accession Number:** 0001702750
**File Stem:** 0001193125-25-248774
**Filing Date:** 2025-10
**Character Count:** 87887
**Document Hash:** f529e5c0da113b84a01c28a3a6f61f68
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-248774.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0001193125-25-248774

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 38

**CONFORMED PERIOD OF REPORT**: 20251023

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BYLINE BANCORP, INC.
- **CENTRAL INDEX KEY:** 0001702750
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 363012593
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38139
- **FILM NUMBER:** 251413226

**BUSINESS ADDRESS:**
- **STREET 1:** 180 NORTH LASALLE STREET, SUITE 300
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601
- **BUSINESS PHONE:** 773-244-7000

**MAIL ADDRESS:**
- **STREET 1:** 180 NORTH LASALLE STREET, SUITE 300
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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**FORM** 8-K

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**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported):** October 23, 2025

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BYLINE BANCORP, INC.

**(Exact Name of Registrant as Specified in Its Charter)**

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Delaware

**(State or Other Jurisdiction**

**of Incorporation)**

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| | |
|:---|:---|
| 001-38139 | 36-3012593 |
| **(Commission**<br>**File Number)** | **(I.R.S. Employer**<br>**Identification No.)** |
| 180 North LaSalle Street, Suite 300 |  |
| Chicago**,** Illinois | 60601 |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

**(**773**)** 244-7000

**(Registrant's Telephone Number, Including Area Code)**

Not Applicable

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock | BY | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. ☐

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| | |
|:---|:---|
| <br>**Item 2.02.** | <br>**Results of Operations and Financial Condition.** |

---

On October 23, 2025, Byline Bancorp, Inc., ("Byline" or the "Company") issued a press release announcing its financial results for the third quarter ended September 30, 2025. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

On October 23, 2025, the Company made available on its website a slide presentation regarding the Company's third quarter 2025 financial results, which will be used as part of a publicly accessible conference call on October 24, 2025. A copy of the slide presentation is attached as Exhibit 99.2 and is incorporated herein by reference.

The information included in Item 2.02 this Current Report on Form 8-K (including the information in the attached exhibits 99.1 and 99.2) is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

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| | |
|:---|:---|
| &nbsp;&nbsp;**Item 9.01.** | &nbsp;&nbsp;**Financial Statements and Exhibits.** |

---

**(d) Exhibits.**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Exhibit**<br>**No.** | &nbsp;&nbsp;**Description** |
| &nbsp;&nbsp;&nbsp;99.1 | &nbsp;&nbsp;&nbsp;[<u>Third Quarter 2025 financial results press release, dated October 23, 2025</u>](by-ex99_1.htm) |
| &nbsp;&nbsp;&nbsp;99.2 | &nbsp;&nbsp;&nbsp;[<u>Slide Presentation regarding third quarter 2025 financial results</u>](by-ex99_2.htm) |
| &nbsp;&nbsp;&nbsp;104 | &nbsp;&nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**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 anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ''may'', ''might'', ''should'', ''could'', ''predict'', ''potential'', ''believe'', ''expect'', ''continue'', ''will'', ''anticipate'', ''seek'', ''estimate'', ''intend'', ''plan'', ''projection'', ''would'', ''annualized'', "target" and ''outlook'', or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements involve estimates and known and unknown risks, and reflect various assumptions and involve elements of subjective judgment and analysis, which may or may not prove to be correct, and which are subject to uncertainties and contingencies outside the control of Byline and its respective affiliates, directors, employees and other representatives, which could cause actual results to differ materially from those presented in this communication.

No representations, warranties or guarantees are or will be made by Byline as to the reliability, accuracy or completeness of any forward-looking statements contained in this communication or that such forward-looking statements are or will remain based on reasonable assumptions. You should not place undue reliance on any forward-looking statements contained in this communication.

Certain risks and important factors that could affect Byline's future results are identified in our Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission, including among other things under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statement speaks only as of the date on which it is made, and Byline undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information or the occurrence of unanticipated events, or otherwise unless required under the federal securities laws.

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **BYLINE BANCORP, INC.** | **BYLINE BANCORP, INC.** |
| Date: October 23, 2025 | By: | /s/ Roberto R. Herencia |
|  | Name: | Roberto R. Herencia |
|  | Title: | Executive Chairman and Chief Executive Officer |

---

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## Exhibit 99.1

**Exhibit 99.1**

![img195841198_0.jpg](img195841198_0.jpg)

**Byline Bancorp, Inc. Reports Third Quarter 2025 Financial Results**

**Third quarter net income of $37.2 million, $0.82 diluted earnings per share** 

**Chicago, IL, October 23, 2025** – Byline Bancorp, Inc. (NYSE: BY), today reported:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **At or for the quarter** | **At or for the quarter** | **At or for the quarter** | **Third Quarter Highlights**<br>***(compared to 2Q25 unless specified)*** |
|  | **3Q25** | **2Q25** | **3Q24** | **Third Quarter Highlights**<br>***(compared to 2Q25 unless specified)*** |
| **Financial Results ($ in thousands)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Delivered solid third quarter results  |
| Net interest income | $99871 | $95970 | $87455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reflecting record revenues  |
| Non-interest income | 15864 | 14483 | 14385 |  |
| Total revenue<sup>(1)</sup> | 115735 | 110453 | 101840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Completed $75.0 million offering of  |
| Non-interest expense (NIE) | 60518 | 59602 | 54327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; subordinated debt at 6.875% |
| Pre-tax pre-provision net income (PTPP)<sup>(1)</sup> | 55217 | 50851 | 47513 |  |
| Provision for credit losses | 5298 | 11923 | 7475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• PTPP ROAA of 2.25%<sup>(1)</sup>, 12th consecutive |
| Provision for income taxes | 12719 | 8846 | 9710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;quarter greater than 2.00% |
| Net income | $37200 | $30082 | $30328 |  |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• TBV per common share of $22.58<sup>(1)</sup>, up 4.7% |
| **Per Share** |  |  |  |  |
| Diluted earnings per share (EPS) | $0.82 | $0.66 | $0.69 | &nbsp;&nbsp;&nbsp;***Income Statement*** |
| Dividends declared per common share | 0.10 | 0.10 | 0.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest income of $99.9 million, an |
| Book value per common share | 26.99 | 26.00 | 24.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;increase of $3.9 million, or 4.1% |
| Tangible book value per common share<sup>(1)</sup> | 22.58 | 21.56 | 20.21 |  |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NIM expanded nine bps to 4.27%  |
| **Balance Sheet & Credit Quality ($ in thousands)** |  |  |  |  |
| Total deposits | $7828197 | $7810479 | $7497887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest income of $15.9 million, an |
| Total loans and leases | 7461321 | 7353869 | 6899401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; increase of $1.4 million, or 9.5% |
| Net charge-offs | 7107 | 7656 | 8467 |  |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses (ACL) | 105717 | 107727 | 98860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted efficiency ratio<sup>(1)</sup> of 50.27% |
| ACL to total loans and leases held for investment | 1.42% | 1.47% | 1.44% |  |
|  |  |  |  | &nbsp;&nbsp;&nbsp;***Balance Sheet*** |
| **Select Ratios (annualized where applicable)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total assets of $9.8 billion |
| Efficiency ratio<sup>(1)</sup> | 51.00% | 52.61% | 52.02% |  |
| Return on average assets (ROAA) | 1.52% | 1.25% | 1.29% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total loans and leases grew $107.5 million,  |
| Return on average stockholders' equity | 12.21% | 10.24% | 11.39% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or 5.8%<sup>(2)</sup>  |
| Return on average tangible common equity<sup>(1)</sup> | 15.11% | 12.83% | 14.49% |  |
| Net interest margin (NIM) | 4.27% | 4.18% | 3.88% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• TCE/TA of 10.78%<sup>(1)</sup>, increase of 39 bps |
| Common equity to total assets | 12.61% | 12.27% | 11.63% |  |
| Tangible common equity to tangible assets<sup>(1)</sup> | 10.78% | 10.39% | 9.72% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• CET 1 of 12.15%, up 30 bps |
| Common equity tier 1  | 12.15% | 11.85% | 11.35% |  |

---

---

| |
|:---|
| **CEO/President Commentary** |
| Roberto R. Herencia, Executive Chairman and CEO of Byline Bancorp, commented, "Building on the momentum of a strong second quarter, we are pleased to deliver record financial results this quarter as a public company, reflecting the underlying strength of our business. We continue to execute well on our strategic plans and remain focused on becoming the preeminent commercial bank in Chicago."<br>Alberto J. Paracchini, President of Byline Bancorp, added, "Third quarter results highlight the consistency of our execution and the strength of our commercial banking strategy. We delivered record earnings, strong profitability, margin expansion, and solid growth in loans, deposits, and fee revenue. I want to thank our employees for their continued dedication and contributions—they remain central to our success."  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1)Represents non-GAAP financial measures. See "Reconciliation of non-GAAP Financial Measures" for a reconciliation to the most directly comparable GAAP financial measure.

&nbsp;&nbsp;&nbsp;&nbsp;(2)Annualized.

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*Byline Bancorp, Inc.*

*Page 2 of 13*

**<u>Board Declares Cash Dividend of $0.10 per Share</u>**

On October 21, 2025, the Company's Board of Directors declared a cash dividend of $0.10 per share. The dividend will be paid on November 18, 2025, to stockholders of record of the Company's common stock as of November 4, 2025.

**STATEMENTS OF OPERATIONS HIGHLIGHTS**

**Net Interest Income**

Net interest income for the third quarter of 2025 was $99.9 million, an increase of $3.9 million, or 4.1%, from the second quarter of 2025. The increase in net interest income was primarily due to higher interest income reflecting growth in the loan and lease portfolio, and lower rates paid on deposits, offset by higher interest expense on other borrowings.

Tax-equivalent net interest margin<sup>(1)</sup> for the third quarter of 2025 was 4.28%, an increase of nine basis points compared to the second quarter of 2025. The increase was primarily due to lower reliance on brokered time deposits and higher yields on loans and leases, offset by higher costs of borrowings. Net loan accretion income contributed 11 basis points to the net interest margin for the quarter, a two basis point decrease over the prior quarter.

The average cost of total deposits was 2.16% for the third quarter of 2025, a decrease of 11 basis points compared to the second quarter of 2025, mainly as a result of a lower balances of, and rates paid on, brokered time deposits.

**Provision for Credit Losses**

The provision for credit losses was $5.3 million for the third quarter of 2025, a decrease of $6.6 million compared to $11.9 million for the second quarter of 2025, mainly due to lower non-performing loans and leases, lower watch list and criticized loans, and higher recoveries compared to the prior quarter.

**Non-interest Income**

Non-interest income for the third quarter of 2025 was $15.9 million, an increase of $1.4 million, or 9.5%, compared to $14.5 million for the second quarter of 2025. The increase in total non-interest income was primarily due to higher net gains on sales of loans. Net gains on sales of loans were $7.0 million for the current quarter, an increase of $1.6 million, or 28.9% compared to the prior quarter. During the third quarter of 2025, we sold $92.9 million of U.S. government guaranteed loans compared to $73.0 million during the second quarter of 2025.

**Non-interest Expense**

Non-interest expense for the third quarter of 2025 was $60.5 million, an increase of $916,000 , or 1.5%, compared to $59.6 million for the second quarter of 2025. The increase in non-interest expense was mainly due to a $1.5 million increase in other non-interest expense driven primarily by a loss related to the extinguishment of subordinated debt issued in 2020. This was partially offset by a $967,000 decrease in legal, audit and other professional fees.

Our efficiency ratio was 51.00%<sup>(1)</sup> for the third quarter of 2025, compared to 52.61%<sup>(1)</sup> for the second quarter of 2025, an improvement of 161 basis points. The improvement in the efficiency ratio was mainly driven by increased total revenues. Excluding significant items, our adjusted efficiency ratio was 50.27%<sup>(1)</sup> for the third quarter of 2025, compared to 48.20%<sup>(1)</sup> for the second quarter of 2025, an increase of 207 basis points. On an adjusted basis, non-interest expense increased $4.9 million compared to the second quarter of 2025, principally by higher incentive expense and increased health insurance in salaries and employee benefits.

**Income Taxes** 

We recorded income tax expense of $12.7 million during the third quarter of 2025, compared to $8.8 million during the second quarter of 2025. The effective tax rates were 25.5% and 22.7% for the third quarter of 2025 and second quarter of 2025, respectively. The increase in the effective tax rate was due to income tax benefits related to share-based compensation recorded in the second quarter.

(1) Represents non-GAAP financial measures. See "Reconciliation of non-GAAP Financial Measures" for a reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measure.

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*Byline Bancorp, Inc.*

*Page 3 of 13*

**STATEMENTS OF FINANCIAL CONDITION HIGHLIGHTS**

**Assets**

Total assets were $9.8 billion as of September 30, 2025, an increase of $92.2 million, or 0.9%, compared to $9.7 billion at June 30, 2025. The increase for the current quarter was mainly due to an increase in net loans and leases of $114.7 million driven by increases to the commercial and industrial loan portfolio, and an increase in cash and cash equivalents of $40.7 million. These were offset by a $63.0 million decrease in securities available-for-sale mainly due to principal paydowns of securities.

**Allowance for Credit Losses**

The ACL was $105.7 million as of September 30, 2025, a decrease of $2.0 million, or 1.9%, from $107.7 million at June 30, 2025, mainly due to charge-offs of fully reserved loans. Net charge-offs of loans and leases during the third quarter of 2025 were $7.1 million, or 0.38% of average loans and leases, on an annualized basis. This was a decrease of $549,000 compared to net charge-offs of $7.7 million, or 0.43% of average loans and leases, during the second quarter of 2025. The decrease in net charge-offs for the quarter was primarily due to increased recoveries of previously charged-off loans.

**Asset Quality**

Non-performing assets were $67.4 million, or 0.69% of total assets, as of September 30, 2025, a decrease of $5.1 million from $72.5 million, or 0.75% of total assets, at June 30, 2025. The decrease was primarily driven by charge-offs of reserved loans and the resolution of a large commercial real estate loan. The government guaranteed portion of non-performing loans included in non-performing assets was $8.4 million at September 30, 2025, compared to $8.8 million at June 30, 2025, a decrease of $402,000.

**Deposits and Other Liabilities**

Total deposits increased $17.7 million, or 0.2% to $7.8 billion at September 30, 2025. The increase in deposits was mainly due to increases in non-interest-bearing demand accounts, mainly due to deposit shift and seasonality, offset by decreases to time deposits driven by decreased brokered time deposits.

Total borrowings and other liabilities were $746.5 million at September 30, 2025, an increase of $29.2 million from $717.3 million at June 30, 2025. The increase was primarily driven by timing of subordinated debt issued during the third quarter and subsequent full redemption of $75.0 million of subordinated notes due 2030 on October 1, 2025.

**Stockholders' Equity**

Total stockholders' equity was $1.2 billion at September 30, 2025, an increase of $45.3 million, or 3.8%, from June 30, 2025, primarily due to an increase in retained earnings from net income.

(1) Represents non-GAAP financial measures. See "Reconciliation of non-GAAP Financial Measures" for a reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measure.

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*Byline Bancorp, Inc.*

*Page 4 of 13*

**Conference Call, Webcast and Slide Presentation**

We will host a conference call and webcast at 9:00 a.m. Central Time on Friday, October 24, 2025, to discuss our quarterly financial results. Analysts and investors may participate in the question-and-answer session. The call can be accessed via telephone at (833) 470-1428; passcode 463912. A recorded replay can be accessed through November 7, 2025, by dialing (866) 813-9403; passcode: 194319.

A slide presentation relating to our third quarter 2025 results will be accessible prior to the conference call. The slide presentation and webcast of the conference call can be accessed on our investor relations website at www.bylinebancorp.com.

**About Byline Bancorp, Inc.**

Headquartered in Chicago, Byline Bancorp, Inc. is the parent company of Byline Bank, a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $9.8 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services including small ticket equipment leasing solutions and is one of the top Small Business Administration lenders in the United States.

**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 anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ''may'', ''might'', ''should'', ''could'', ''predict'', ''potential'', ''believe'', ''expect'', ''continue'', ''will'', ''anticipate'', ''seek'', ''estimate'', ''intend'', ''plan'', ''projection'', ''would'', ''annualized'', "target" and ''outlook'', or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements involve estimates and known and unknown risks, and reflect various assumptions and involve elements of subjective judgment and analysis, which may or may not prove to be correct, and which are subject to uncertainties and contingencies outside the control of Byline and its respective affiliates, directors, employees and other representatives, which could cause actual results to differ materially from those presented in this communication.

No representations, warranties or guarantees are or will be made by Byline as to the reliability, accuracy or completeness of any forward-looking statements contained in this communication or that such forward-looking statements are or will remain based on reasonable assumptions. You should not place undue reliance on any forward-looking statements contained in this communication.

Certain risks and important factors that could affect Byline's future results are identified in our Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission, including among other things under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statement speaks only as of the date on which it is made, and Byline undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information or the occurrence of unanticipated events, or otherwise unless required under the federal securities laws.

**Contacts:**

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| |
|:---|
| &nbsp;&nbsp;**Investors / Media:** |
| &nbsp;&nbsp;Brooks Rennie |
| &nbsp;&nbsp;Investor Relations Director |
| &nbsp;&nbsp;312-660-5805 |
| &nbsp;&nbsp;brennie@bylinebank.com |

---

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*Byline Bancorp, Inc.*

*Page 5 of 13*

**BYLINE BANCORP, INC. AND SUBSIDIARIES**

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited)

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| | | | |
|:---|:---|:---|:---|
|  | **September 30,** | **June 30,** | **September 30,** |
| **(dollars in thousands)** | **2025** | **2025** | **2024** |
| **ASSETS** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | $70406 | $75114 | $77047 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest bearing deposits with other banks | 188610 | 143236 | 375549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 259016 | 218350 | 452596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity and other securities, at fair value | 10461 | 10759 | 9132 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities available-for-sale, at fair value | 1512194 | 1575240 | 1502108 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities held-to-maturity, at amortized cost |  |  | 605 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restricted stock, at cost | 15934 | 18649 | 22743 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans held for sale | 20566 | 25814 | 19955 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and leases: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and leases | 7440755 | 7328055 | 6879446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses - loans and leases | (105717) | (107727) | (98860) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans and leases | 7335038 | 7220328 | 6780586 |
| &nbsp;&nbsp;&nbsp;&nbsp;Servicing assets, at fair value | 19019 | 18797 | 18945 |
| &nbsp;&nbsp;&nbsp;&nbsp;Premises and equipment, net | 58785 | 59544 | 63135 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other real estate owned, net | 4220 | 4946 | 532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill and other intangible assets, net | 202014 | 203508 | 199443 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank-owned life insurance | 106575 | 105714 | 99295 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred tax assets, net | 49918 | 57104 | 37737 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued interest receivable and other assets | 218635 | 201465 | 217504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $9812375 | $9720218 | $9424316 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |  |
| LIABILITIES |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-interest-bearing demand deposits | $1932869 | $1773229 | $1729908 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | 5895328 | 6037250 | 5767979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 7828197 | 7810479 | 7497887 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 361286 | 414110 | 518786 |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated notes, net | 148971 | 74127 | 73997 |
| &nbsp;&nbsp;&nbsp;&nbsp;Junior subordinated debentures issued to capital trusts, net | 71272 | 71136 | 70783 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 164967 | 157950 | 166551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 8574693 | 8527802 | 8328004 |
| STOCKHOLDERS' EQUITY |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock | 471 | 471 | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 758089 | 756029 | 714864 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 615784 | 583170 | 507576 |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury stock | (56959) | (57015) | (47904) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss, net of tax | (79703) | (90239) | (78678) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 1237682 | 1192416 | 1096312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $9812375 | $9720218 | $9424316 |

---

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*Byline Bancorp, Inc.*

*Page 6 of 13*

**BYLINE BANCORP, INC. AND SUBSIDIARIES**

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

---

| | | | |
|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| **(dollars in thousands,** | **September 30,** | **June 30,** | **September 30,** |
| &nbsp;&nbsp;&nbsp;&nbsp;**except per share data)** | **2025** | **2025** | **2024** |
| INTEREST AND DIVIDEND INCOME |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest and fees on loans and leases | $132401 | $128199 | $128336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest on securities | 13289 | 13907 | 11260 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest and dividend income | 2917 | 2421 | 6840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest and dividend income | 148607 | 144527 | 146436 |
| INTEREST EXPENSE |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 42857 | 44380 | 52076 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 1502 | 1396 | 3919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated notes and debentures | 4377 | 2781 | 2986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 48736 | 48557 | 58981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 99871 | 95970 | 87455 |
| PROVISION FOR CREDIT LOSSES | 5298 | 11923 | 7475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provision for<br> credit losses | 94573 | 84047 | 79980 |
| NON-INTEREST INCOME |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and service charges on deposits | 2741 | 2633 | 2591 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan servicing revenue | 3062 | 3071 | 3174 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan servicing asset revaluation | (1294) | (2150) | (2183) |
| &nbsp;&nbsp;&nbsp;&nbsp;ATM and interchange fees | 1015 | 1059 | 1143 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net losses on sales of securities available-for-sale |  | (37) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of equity securities, net | (298) | 83 | 388 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gains on sales of loans | 6981 | 5414 | 5864 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wealth management and trust income | 1366 | 1074 | 1101 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other non-interest income | 2291 | 3336 | 2307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest income | 15864 | 14483 | 14385 |
| NON-INTEREST EXPENSE |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 37492 | 37819 | 34974 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment expense, net | 4531 | 4739 | 4373 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan and lease related expenses | 1274 | 938 | 703 |
| &nbsp;&nbsp;&nbsp;&nbsp;Legal, audit, and other professional fees | 3876 | 4843 | 3643 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 4903 | 4986 | 4215 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net (gain) loss recognized on other real estate<br> owned and other related expenses | 617 | (44) | 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangible assets amortization expense | 1494 | 1499 | 1345 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other non-interest expense | 6331 | 4822 | 5000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest expense | 60518 | 59602 | 54327 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 49919 | 38928 | 40038 |
| PROVISION FOR INCOME TAXES | 12719 | 8846 | 9710 |
| NET INCOME | $37200 | $30082 | $30328 |
| EARNINGS PER COMMON SHARE |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.82 | $0.66 | $0.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $0.82 | $0.66 | $0.69 |

---

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*Byline Bancorp, Inc.*

*Page 7 of 13*

**BYLINE BANCORP, INC. AND SUBSIDIARIES**

SELECTED FINANCIAL DATA (unaudited)

---

| | | | |
|:---|:---|:---|:---|
|  | **As of or For the Three Months Ended** | **As of or For the Three Months Ended** | **As of or For the Three Months Ended** |
| **(dollars in thousands, except share** | **September 30,** | **June 30,** | **September 30,** |
| &nbsp;&nbsp;&nbsp;&nbsp;**and per share data)** | **2025** | **2025** | **2024** |
| **Earnings per Common Share** |  |  |  |
| Basic earnings per common share | $0.82 | $0.66 | $0.70 |
| Diluted earnings per common share | $0.82 | $0.66 | $0.69 |
| Adjusted diluted earnings per common share<sup>(1)(3)</sup> | $0.83 | $0.75 | $0.70 |
| Weighted average common shares outstanding (basic) | 45102828 | 45306240 | 43516006 |
| Weighted average common shares outstanding (diluted) | 45372602 | 45484392 | 43966189 |
| Common shares outstanding | 45859977 | 45866649 | 44384706 |
| Cash dividends per common share | $0.10 | $0.10 | $0.09 |
| Dividend payout ratio on common stock | 12.20% | 15.15% | 13.04% |
| Book value per common share | $26.99 | $26.00 | $24.70 |
| Tangible book value per common share<sup>(1)</sup> | $22.58 | $21.56 | $20.21 |
| **Key Ratios and Performance Metrics <br> (annualized where applicable)** |  |  |  |
| Net interest margin | 4.27% | 4.18% | 3.88% |
| Net interest margin, fully taxable equivalent <sup>(1)(4)</sup> | 4.28% | 4.19% | 3.89% |
| Average cost of deposits | 2.16% | 2.27% | 2.76% |
| Efficiency ratio<sup>(1)(2)</sup> | 51.00% | 52.61% | 52.02% |
| Adjusted efficiency ratio<sup>(1)(2)(3)</sup> | 50.27% | 48.20% | 51.62% |
| Non-interest income to total revenues<sup>(1)</sup> | 13.71% | 13.11% | 14.13% |
| Non-interest expense to average assets | 2.47% | 2.48% | 2.31% |
| Adjusted non-interest expense to average assets<sup>(1)(3)</sup> | 2.44% | 2.28% | 2.29% |
| Return on average stockholders' equity | 12.21% | 10.24% | 11.39% |
| Adjusted return on average stockholders' equity<sup>(1)(3)</sup> | 12.42% | 11.51% | 11.53% |
| Return on average assets | 1.52% | 1.25% | 1.29% |
| Adjusted return on average assets<sup>(1)(3)</sup> | 1.54% | 1.41% | 1.30% |
| Pre-tax pre-provision return on average assets<sup>(1)</sup> | 2.25% | 2.12% | 2.02% |
| Adjusted pre-tax pre-provision return on average assets<sup>(1)(3)</sup> | 2.29% | 2.32% | 2.03% |
| Return on average tangible common stockholders' equity<sup>(1)</sup> | 15.11% | 12.83% | 14.49% |
| Adjusted return on average tangible common <br> stockholders' equity<sup>(1)(3)</sup> | 15.36% | 14.37% | 14.67% |
| Non-interest-bearing deposits to total deposits | 24.69% | 22.70% | 23.07% |
| Loans and leases held for sale and loans and lease <br> held for investment to total deposits | 95.31% | 94.15% | 92.02% |
| Deposits to total liabilities | 91.29% | 91.59% | 90.03% |
| Deposits per branch | $173960 | $173566 | $162998 |
| **Asset Quality Ratios** |  |  |  |
| Non-performing loans and leases to total loans and leases <br> held for investment, net before ACL | 0.85% | 0.92% | 1.02% |
| Total non-performing assets as a percentage<br> of total assets | 0.69% | 0.75% | 0.75% |
| ACL to total loans and leases held for investment, net before ACL | 1.42% | 1.47% | 1.44% |
| Net charge-offs to average total loans and leases held for <br> investment, net before ACL - loans and leases | 0.38% | 0.43% | 0.49% |
| **Capital Ratios** |  |  |  |
| Common equity to total assets | 12.61% | 12.27% | 11.63% |
| Tangible common equity to tangible assets<sup>(1)</sup> | 10.78% | 10.39% | 9.72% |
| Leverage ratio | 12.20% | 11.92% | 11.18% |
| Common equity tier 1 capital ratio | 12.15% | 11.85% | 11.35% |
| Tier 1 capital ratio | 13.12% | 12.83% | 12.39% |
| Total capital ratio | 15.81% | 14.87% | 14.41% |

---

(1) Represents a non-GAAP financial measure. See "Reconciliation of non-GAAP Financial Measures" for a reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measure.

(2) Represents non-interest expense less amortization of intangible assets divided by net interest income and non-interest income.

(3) Calculation excludes merger-related expenses and expenses related to the secondary public offering of common stock.

(4) Interest income and rates include the effects of a tax equivalent adjustment to adjust tax exempt investment income on tax exempt investment securities to a fully taxable basis, assuming a federal income tax rate of 21%.

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*Byline Bancorp, Inc.*

*Page 8 of 13*

**BYLINE BANCORP, INC. AND SUBSIDIARIES**

QUARTER-TO-DATE STATEMENT OF AVERAGE INTEREST-EARNING ASSETS AND AVERAGE INTEREST-BEARING LIABILITIES (unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
|  | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **September 30, 2024** | **September 30, 2024** | **September 30, 2024** |
| **(dollars in thousands)** | **Average<br>Balance**<sup>(5)</sup> | **Interest<br>Inc / Exp** | **Avg.<br>Yield /<br>Rate** | **Average<br>Balance**<sup>(5)</sup> | **Interest<br>Inc / Exp** | **Avg.<br>Yield /<br>Rate** | **Average<br>Balance**<sup>(5)</sup> | **Interest<br>Inc / Exp** | **Avg.<br>Yield /<br>Rate** |
| ASSETS |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $191881 | $1859 | 3.84% | $182140 | $1655 | 3.64% | $468852 | $5771 | 4.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and leases<sup>(1)</sup> | 7355958 | 132401 | 7.14% | 7220834 | 128199 | 7.12% | 6827726 | 128336 | 7.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 1585013 | 13491 | 3.38% | 1650463 | 13806 | 3.36% | 1508987 | 11467 | 3.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt securities<sup>(2)</sup> | 153424 | 1084 | 2.80% | 154719 | 1098 | 2.85% | 156085 | 1091 | 2.78% |
| Total interest-earning assets | $9286276 | $148835 | 6.36% | $9208156 | $144758 | 6.31% | $8961650 | $146665 | 6.51% |
| Allowance for credit losses - <br> loans and leases | (109877) |  |  | (106278) |  |  | (101001) |  |  |
| All other assets | 540521 |  |  | 531939 |  |  | 513200 |  |  |
| TOTAL ASSETS | $9716920 |  |  | $9633817 |  |  | $9373849 |  |  |
| LIABILITIES AND STOCKHOLDERS'<br> EQUITY |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest checking | $834763 | $3682 | 1.75% | $820341 | $3551 | 1.74% | $754586 | $4439 | 2.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market accounts | 2986541 | 23468 | 3.12% | 2905465 | 22749 | 3.14% | 2386909 | 21371 | 3.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings | 495506 | 136 | 0.11% | 506874 | 139 | 0.11% | 495541 | 190 | 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 1654056 | 15571 | 3.73% | 1810909 | 17941 | 3.97% | 2134587 | 26076 | 4.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing <br> deposits | 5970866 | 42857 | 2.85% | 6043589 | 44380 | 2.95% | 5771623 | 52076 | 3.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 307457 | 1502 | 1.94% | 298916 | 1396 | 1.87% | 474498 | 3919 | 3.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated notes and <br> debentures | 190074 | 4377 | 9.14% | 145175 | 2781 | 7.68% | 144702 | 2986 | 8.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 497531 | 5879 | 4.69% | 444091 | 4177 | 3.77% | 619200 | 6905 | 4.44% |
| Total interest-bearing liabilities | $6468397 | $48736 | 2.99% | $6487680 | $48557 | 3.00% | $6390823 | $58981 | 3.67% |
| Non-interest-bearing <br> demand deposits | 1888693 |  |  | 1802639 |  |  | 1741250 |  |  |
| Other liabilities | 151540 |  |  | 164944 |  |  | 182148 |  |  |
| Total stockholders' equity | 1208290 |  |  | 1178554 |  |  | 1059628 |  |  |
| TOTAL LIABILITIES AND<br> STOCKHOLDERS' EQUITY | $9716920 |  |  | $9633817 |  |  | $9373849 |  |  |
| Net interest spread<sup>(3)</sup> |  |  | 3.37% |  |  | 3.31% |  |  | 2.84% |
| Net interest income, fully <br> taxable equivalent |  | $100099 |  |  | $96201 |  |  | $87684 |  |
| Net interest margin, fully <br> taxable equivalent<sup>(2)(4)</sup> |  |  | 4.28% |  |  | 4.19% |  |  | 3.89% |
| Less: Tax-equivalent adjustment |  | 228 | 0.01% |  | 231 | 0.01% |  | 229 | 0.01% |
| Net interest income |  | $99871 |  |  | $95970 |  |  | $87455 |  |
| Net interest margin<sup>(4)</sup> |  |  | 4.27% |  |  | 4.18% |  |  | 3.88% |
| Net loan accretion impact <br> on margin |  | $2528 | 0.11% |  | $2978 | 0.13% |  | $2982 | 0.13% |

---

(1) Loan and lease balances are net of deferred origination fees and costs and initial direct costs. Non-accrual loans and leases are included in total loan and lease balances.

(2) Interest income and rates include the effects of a tax equivalent adjustment to adjust tax exempt investment income on tax exempt investment securities to a fully taxable basis, assuming a federal income tax rate of 21%.

(3) Represents the average rate earned on interest-earning assets minus the average rate paid on interest-bearing liabilities.

(4) Represents net interest income (annualized) divided by total average earning assets.

(5) Average balances are average daily balances.

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*Byline Bancorp, Inc.*

*Page 9 of 13*

**BYLINE BANCORP, INC. AND SUBSIDIARIES**

SELECTED BALANCE SHEET TABLES AND FINANCIAL RATIOS (unaudited)

The following table presents our allocation of originated, purchased credit deteriorated (PCD), and acquired non-credit-deteriorated loans and leases at the dates indicated:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **September 30, 2024** | **September 30, 2024** |
| **(dollars in thousands)** | **Amount** | **% of Total** | **Amount** | **% of Total** | **Amount** | **% of Total** |
| **Originated loans and leases:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | $2234986 | 30.0% | $2184187 | 29.8% | $2040072 | 29.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 552984 | 7.4% | 534062 | 7.3% | 497034 | 7.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction, land development, and<br> other land | 412032 | 5.6% | 416118 | 5.6% | 415636 | 6.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 2804434 | 37.7% | 2737054 | 37.4% | 2476177 | 36.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Installment and other | 2431 | 0.0% | 2984 | 0.0% | 3839 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Leasing financing receivables | 750531 | 10.1% | 731610 | 10.0% | 711233 | 10.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total originated loans and leases | $6757398 | 90.8% | $6606015 | 90.1% | $6143991 | 89.3% |
| **Purchased credit deteriorated loans:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | $71359 | 1.0% | $84747 | 1.2% | $95240 | 1.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 24061 | 0.3% | 27076 | 0.4% | 31362 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction, land development, and<br> other land | 2513 | 0.0% | 2487 | 0.0% | 4 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 19193 | 0.3% | 17428 | 0.2% | 14526 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Installment and other | 81 | 0.0% | 86 | 0.0% | 110 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total purchased credit deteriorated loans | $117207 | 1.6% | $131824 | 1.8% | $141242 | 2.1% |
| **Acquired non-credit-deteriorated loans <br> and leases:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | $215801 | 2.9% | $224442 | 3.1% | $227035 | 3.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 178896 | 2.4% | 172570 | 2.4% | 181976 | 2.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction, land development, and<br> other land | 50493 | 0.7% | 61897 | 0.8% | 84172 | 1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 106827 | 1.4% | 113609 | 1.6% | 100852 | 1.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Installment and other | 14133 | 0.2% | 17698 | 0.2% | 32 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Leasing financing receivables |  |  |  |  | 146 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total acquired non-credit-deteriorated <br> loans and leases | $566150 | 7.6% | $590216 | 8.1% | $594213 | 8.6% |
| Total loans and leases | $7440755 | 100.0% | $7328055 | 100.0% | $6879446 | 100.0% |
| Allowance for credit losses - loans and leases | (105717) |  | (107727) |  | (98860) |  |
| Total loans and leases, net of allowance for<br> credit losses - loans and leases | $7335038 |  | $7220328 |  | $6780586 |  |

---

The following table presents the balance and activity within the allowance for credit losses - loans and lease for the periods indicated:

---

| | | | |
|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **September 30,** | **June 30,** | **September 30,** |
| **(dollars in thousands)** | **2025** | **2025** | **2024** |
| ACL - loans and leases, beginning of period | $107727 | $100420 | $99730 |
| Adjustment for acquired PCD loans |  | 3206 |  |
| Provision for credit losses - loans and leases | 5097 | 11757 | 7597 |
| Net charge-offs - loans and leases | (7107 | (7656 | (8467) |
| ACL - loans and leases, end of period | $105717 | $107727 | $98860 |
| Net charge-offs - loans and leases <br> to average total loans and leases<br> held for investment, net before ACL | 0.38 | 0.43 | 0.49% |
| Provision for credit losses - loans and leases <br> to net charge-offs - loans and leases <br> during the period | 0.72 | 1.54 | 0.90x |

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*Byline Bancorp, Inc.*

*Page 10 of 13*

**BYLINE BANCORP, INC. AND SUBSIDIARIES**

SELECTED BALANCE SHEET TABLES AND FINANCIAL RATIOS (unaudited)

The following table presents the amounts of non-performing loans and leases and other real estate owned at the date indicated:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **September 30, 2025** | **September 30, 2025** |
|  |  |  |  | **Change from** | **Change from** |
| **(dollars in thousands)** | **September 30, 2025** | **June 30, <br>2025** | **September 30, 2024** | **June 30, <br>2025** | **September 30, 2024** |
| **Non-performing assets:** |  |  |  |  |  |
| Non-accrual loans and leases | $63158 | $67552 | $70507 | (6.5)% | (10.4)% |
| Past due loans and leases 90 days or more<br> and still accruing interest |  |  |  | —% | —% |
| Total non-performing loans and leases | $63158 | $67552 | $70507 | (6.5)% | (10.4)% |
| Other real estate owned | 4220 | 4946 | 532 | (14.7)% | 692.8% |
| &nbsp;&nbsp;Total non-performing assets | $67378 | $72498 | $71039 | (7.1)% | (5.2)% |
| Total non-performing loans and leases as<br> a percentage of total loans and leases | 0.85% | 0.92% | 1.02% |  |  |
| Total non-performing assets as a<br> percentage of total assets | 0.69% | 0.75% | 0.75% |  |  |
| Allowance for credit losses - loans and <br> leases as a percentage of <br> non-performing loans and leases | 167.38% | 159.47% | 140.21% |  |  |
| **Non-performing assets guaranteed by <br> U.S. government:** |  |  |  |  |  |
| Non-accrual loans guaranteed | $8417 | $8819 | $11332 | (4.6)% | (25.7)% |
| Past due loans 90 days or more and still<br> accruing interest guaranteed |  |  |  | —% | —% |
| &nbsp;&nbsp;Total non-performing loans guaranteed | $8417 | $8819 | $11332 | (4.6)% | (25.7)% |
| Total non-performing loans and leases <br> not guaranteed as a percentage of <br> total loans and leases | 0.74% | 0.80% | 0.86% |  |  |
| Total non-performing assets <br> not guaranteed as a percentage<br> of total assets | 0.60% | 0.66% | 0.63% |  |  |

---

The following table presents the composition of deposits at the dates indicated:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **September 30, 2025** | **September 30, 2025** |
|  |  |  |  | **Change from** | **Change from** |
| **(dollars in thousands)** | **September 30, 2025** | **June 30, <br>2025** | **September 30, 2024** | **June 30, <br>2025** | **September 30, 2024** |
| Non-interest-bearing demand deposits | $1932869 | $1773229 | $1729908 | 9.0% | 11.7% |
| Interest-bearing checking accounts | 868922 | 857460 | 749721 | 1.3% | 15.9% |
| Money market demand accounts | 2957995 | 2996684 | 2426522 | (1.3)% | 21.9% |
| Other savings | 488894 | 501020 | 489618 | (2.4)% | (0.1)% |
| Time deposits (below $250,000) | 1151764 | 1216990 | 1639658 | (5.4)% | (29.8)% |
| Time deposits ($250,000 and above) | 427753 | 465096 | 462460 | (8.0)% | (7.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | $7828197 | $7810479 | $7497887 | 0.2% | 4.4% |

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*Byline Bancorp, Inc.*

*Page 11 of 13*

**BYLINE BANCORP, INC. AND SUBSIDIARIES**

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited)

**Non-GAAP Financial Measures**

This release contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These measures include adjusted net income, adjusted diluted earnings per share, adjusted non-interest expense, adjusted non-interest expense excluding amortization of intangible assets, adjusted efficiency ratio, adjusted non-interest expense to average assets, tax equivalent net interest income, tax-equivalent net interest margin, total revenue, non-interest income to total revenues, adjusted return on average stockholders' equity, adjusted return on average assets, pre-tax pre-provision net income, adjusted pre-tax pre-provision net income, pre-tax pre-provision return on average assets, adjusted pre-tax pre-provision return on average assets, tangible common equity, tangible assets, tangible net income available to common stockholders, adjusted tangible net income available to common stockholders, tangible book value per common share, tangible common equity to tangible assets, return on average tangible common stockholders' equity, and adjusted return on average tangible common stockholders' equity. Management believes that these non-GAAP financial measures provide useful information to management and investors that is supplementary to the Company's financial condition, results of operations and cash flows computed in accordance with GAAP; however, management acknowledges that our non-GAAP financial measures have a number of limitations. As such, these disclosures should not be viewed as a substitute for results determined in accordance with GAAP financial measures that we and other companies use. Management also uses these measures for peer comparison. See below in the financial schedules included in this press release for a reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures. Additionally, please refer to the Company's Annual Report on Form 10-K for the detailed definitions of these non-GAAP financial measures.

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| | | | |
|:---|:---|:---|:---|
|  | **As of or For the Three Months Ended** | **As of or For the Three Months Ended** | **As of or For the Three Months Ended** |
|  | **September 30,** | **June 30,** | **September 30,** |
| **(dollars in thousands, except per share data)** | **2025** | **2025** | **2024** |
| **Net income and earnings per share excluding significant items:** |  |  |  |
| **Reported Net Income** | $37200 | $30082 | $30328 |
| Significant items: |  |  |  |
| &nbsp;&nbsp;Merger-related expenses |  | 4450 | 411 |
| &nbsp;&nbsp;Secondary public offering of common stock expenses |  | 413 |  |
| &nbsp;&nbsp;Loss on extinguishment of debt | 843 |  |  |
| &nbsp;&nbsp;Tax benefit | (221) | (1117) | (32) |
| **Adjusted Net Income** | $37822 | $33828 | $30707 |
| **Reported Diluted Earnings per Share** | $0.82 | $0.66 | $0.69 |
| Significant items: |  |  |  |
| &nbsp;&nbsp;Merger-related expenses |  | 0.10 | 0.01 |
| &nbsp;&nbsp;Secondary public offering of common stock expenses |  | 0.01 |  |
| &nbsp;&nbsp;Loss on extinguishment of debt | 0.02 |  |  |
| &nbsp;&nbsp;Tax benefit | (0.01) | (0.02) |  |
| **Adjusted Diluted Earnings per Share** | $0.83 | $0.75 | $0.70 |

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*Byline Bancorp, Inc.*

*Page 12 of 13*

**BYLINE BANCORP, INC. AND SUBSIDIARIES**

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (continued) (unaudited)

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| | | | |
|:---|:---|:---|:---|
|  | **As of or For the Three Months Ended** | **As of or For the Three Months Ended** | **As of or For the Three Months Ended** |
| **(dollars in thousands, except per share data,** | **September 30,** | **June 30,** | **September 30,** |
| &nbsp;&nbsp;&nbsp;&nbsp;**ratios annualized, where applicable)** | **2025** | **2025** | **2024** |
| **Adjusted non-interest expense:** |  |  |  |
| &nbsp;&nbsp;Non-interest expense | $60518 | $59602 | $54327 |
| &nbsp;&nbsp;Less: Merger-related expenses |  | 4450 | 411 |
| &nbsp;&nbsp;Less: Secondary public offering of common stock expenses |  | 413 |  |
| &nbsp;&nbsp;Less: Loss on extinguishment of debt | 843 |  |  |
| &nbsp;&nbsp;Adjusted non-interest expense | $59675 | $54739 | $53916 |
| **Adjusted non-interest expense excluding <br> amortization of intangible assets:** |  |  |  |
| &nbsp;&nbsp;Adjusted non-interest expense | $59675 | $54739 | $53916 |
| &nbsp;&nbsp;Less: Amortization of intangible assets | 1494 | 1499 | 1345 |
| &nbsp;&nbsp;Adjusted non-interest expense excluding <br> amortization of intangible assets | $58181 | $53240 | $52571 |
| **Pre-tax pre-provision net income:** |  |  |  |
| &nbsp;&nbsp;Pre-tax income | $49919 | $38928 | $40038 |
| &nbsp;&nbsp;Add: Provision for credit losses | 5298 | 11923 | 7475 |
| &nbsp;&nbsp;Pre-tax pre-provision net income | $55217 | $50851 | $47513 |
| **Adjusted pre-tax pre-provision net income:** |  |  |  |
| &nbsp;&nbsp;Pre-tax pre-provision net income | $55217 | $50851 | $47513 |
| &nbsp;&nbsp;Add: Merger-related expenses |  | 4450 | 411 |
| &nbsp;&nbsp;Add: Secondary public offering of common stock expenses |  | 413 |  |
| &nbsp;&nbsp;Add: Loss on extinguishment of debt | 843 |  |  |
| &nbsp;&nbsp;Adjusted pre-tax pre-provision net income | $56060 | $55714 | $47924 |
| **Tax equivalent net interest income:** |  |  |  |
| &nbsp;&nbsp;Net interest income | $99871 | $95970 | $87455 |
| &nbsp;&nbsp;Add: Tax-equivalent adjustment | 228 | 231 | 229 |
| &nbsp;&nbsp;Net interest income, fully taxable equivalent | $100099 | $96201 | $87684 |
| **Total revenue:** |  |  |  |
| &nbsp;&nbsp;Net interest income | $99871 | $95970 | $87455 |
| &nbsp;&nbsp;Add: Non-interest income | 15864 | 14483 | 14385 |
| &nbsp;&nbsp;Total revenue | $115735 | $110453 | $101840 |
| **Tangible common stockholders' equity:** |  |  |  |
| &nbsp;&nbsp;Total stockholders' equity | $1237682 | $1192416 | $1096312 |
| &nbsp;&nbsp;Less: Goodwill and other intangibles | 202014 | 203508 | 199443 |
| &nbsp;&nbsp;Tangible common stockholders' equity | $1035668 | $988908 | $896869 |
| **Tangible assets:** |  |  |  |
| &nbsp;&nbsp;Total assets | $9812375 | $9720218 | $9424316 |
| &nbsp;&nbsp;Less: Goodwill and other intangibles | 202014 | 203508 | 199443 |
| &nbsp;&nbsp;Tangible assets | $9610361 | $9516710 | $9224873 |
| **Average tangible common stockholders' equity:** |  |  |  |
| &nbsp;&nbsp;Average total stockholders' equity | $1208290 | $1178554 | $1059628 |
| &nbsp;&nbsp;Less: Average goodwill and other intangibles | 202723 | 203767 | 200091 |
| &nbsp;&nbsp;Average tangible common stockholders' equity | $1005567 | $974787 | $859537 |
| **Average tangible assets:** |  |  |  |
| &nbsp;&nbsp;Average total assets | $9716920 | $9633817 | $9373849 |
| &nbsp;&nbsp;Less: Average goodwill and other intangibles | 202723 | 203767 | 200091 |
| &nbsp;&nbsp;Average tangible assets | $9514197 | $9430050 | $9173758 |
| **Tangible net income:** |  |  |  |
| &nbsp;&nbsp;Net income | $37200 | $30082 | $30328 |
| &nbsp;&nbsp;Add: After-tax intangible asset amortization | 1103 | 1107 | 986 |
| &nbsp;&nbsp;Tangible net income | $38303 | $31189 | $31314 |
| **Adjusted tangible net income:** |  |  |  |
| &nbsp;&nbsp;Tangible net income | $38303 | $31189 | $31314 |
| &nbsp;&nbsp;Add: Merger-related expenses |  | 4450 | 411 |
| &nbsp;&nbsp;Add: Secondary public offering of common stock expenses |  | 413 |  |
| &nbsp;&nbsp;Add: Loss on extinguishment of debt | 843 |  |  |
| &nbsp;&nbsp;Add: Tax benefit on significant items | (221) | (1117) | (32) |
| &nbsp;&nbsp;Adjusted tangible net income | $38925 | $34935 | $31693 |

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*Byline Bancorp, Inc.*

*Page 13 of 13*

**BYLINE BANCORP, INC. AND SUBSIDIARIES**

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (continued) (unaudited)

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| | | | |
|:---|:---|:---|:---|
|  | **As of or For the Three Months Ended** | **As of or For the Three Months Ended** | **As of or For the Three Months Ended** |
| **(dollars in thousands, except share and per share** | **September 30,** | **June 30,** | **September 30,** |
| &nbsp;&nbsp;&nbsp;&nbsp;**data, ratios annualized, where applicable)** | **2025** | **2025** | **2024** |
| **Pre-tax pre-provision return on average assets:** |  |  |  |
| &nbsp;&nbsp;Pre-tax pre-provision net income | $55217 | $50851 | $47513 |
| &nbsp;&nbsp;Average total assets | 9716920 | 9633817 | 9373849 |
| &nbsp;&nbsp;Pre-tax pre-provision return on average assets | 2.25% | 2.12% | 2.02% |
| **Adjusted pre-tax pre-provision return on average assets:** |  |  |  |
| &nbsp;&nbsp;Adjusted pre-tax pre-provision net income | $56060 | $55714 | $47924 |
| &nbsp;&nbsp;Average total assets | 9716920 | 9633817 | 9373849 |
| &nbsp;&nbsp;Adjusted pre-tax pre-provision return on average assets | 2.29% | 2.32% | 2.03% |
| **Net interest margin, fully taxable equivalent:** |  |  |  |
| &nbsp;&nbsp;Net interest income, fully taxable equivalent | $100099 | $96201 | $87684 |
| &nbsp;&nbsp;Total average interest-earning assets | 9286276 | 9208156 | 8961650 |
| &nbsp;&nbsp;Net interest margin, fully taxable equivalent | 4.28% | 4.19% | 3.89% |
| **Non-interest income to total revenues:** |  |  |  |
| &nbsp;&nbsp;Non-interest income | $15864 | $14483 | $14385 |
| &nbsp;&nbsp;Total revenues | 115735 | 110453 | 101840 |
| &nbsp;&nbsp;Non-interest income to total revenues | 13.71% | 13.11% | 14.13% |
| **Adjusted non-interest expense to average assets:** |  |  |  |
| &nbsp;&nbsp;Adjusted non-interest expense | $59675 | $54739 | $53916 |
| &nbsp;&nbsp;Average total assets | 9716920 | 9633817 | 9373849 |
| &nbsp;&nbsp;Adjusted non-interest expense to average assets | 2.44% | 2.28% | 2.29% |
| **Adjusted efficiency ratio:** |  |  |  |
| &nbsp;&nbsp;Adjusted non-interest expense excluding amortization of <br> intangible assets | $58181 | $53240 | $52571 |
| &nbsp;&nbsp;Total revenues | 115735 | 110453 | 101840 |
| &nbsp;&nbsp;Adjusted efficiency ratio | 50.27% | 48.20% | 51.62% |
| **Adjusted return on average assets:** |  |  |  |
| &nbsp;&nbsp;Adjusted net income | $37822 | $33828 | $30707 |
| &nbsp;&nbsp;Average total assets | 9716920 | 9633817 | 9373849 |
| &nbsp;&nbsp;Adjusted return on average assets | 1.54% | 1.41% | 1.30% |
| **Adjusted return on average stockholders' equity:** |  |  |  |
| &nbsp;&nbsp;Adjusted net income | $37822 | $33828 | $30707 |
| &nbsp;&nbsp;Average stockholders' equity | 1208290 | 1178554 | 1059628 |
| &nbsp;&nbsp;Adjusted return on average stockholders' equity | 12.42% | 11.51% | 11.53% |
| **Tangible common equity to tangible assets:** |  |  |  |
| &nbsp;&nbsp;Tangible common equity | $1035668 | $988908 | $896869 |
| &nbsp;&nbsp;Tangible assets | 9610361 | 9516710 | 9224873 |
| &nbsp;&nbsp;Tangible common equity to tangible assets | 10.78% | 10.39% | 9.72% |
| **Return on average tangible common stockholders' equity:** |  |  |  |
| &nbsp;&nbsp;Tangible net income | $38303 | $31189 | $31314 |
| &nbsp;&nbsp;Average tangible common stockholders' equity | 1005567 | 974787 | 859537 |
| &nbsp;&nbsp;Return on average tangible common stockholders' equity | 15.11% | 12.83% | 14.49% |
| **Adjusted return on average tangible common <br> stockholders' equity:** |  |  |  |
| &nbsp;&nbsp;Adjusted tangible net income | $38925 | $34935 | $31693 |
| &nbsp;&nbsp;Average tangible common stockholders' equity | 1005567 | 974787 | 859537 |
| &nbsp;&nbsp;Adjusted return on average tangible common <br> stockholders' equity | 15.36% | 14.37% | 14.67% |
| **Tangible book value per share:** |  |  |  |
| &nbsp;&nbsp;Tangible common equity | $1035668 | $988908 | $896869 |
| &nbsp;&nbsp;Common shares outstanding | 45859977 | 45866649 | 44384706 |
| &nbsp;&nbsp;Tangible book value per share | $22.58 | $21.56 | $20.21 |

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## Exhibit 99.2

![Slide 1](by-ex99_2s1.jpg)

3Q25 Earnings Presentation Exhibit 99.2

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![Slide 2](by-ex99_2s2.jpg)

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 anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ''may'', ''might'', ''should'', ''could'', ''predict'', ''potential'', ''believe'', ''expect'', ''continue'', ''will'', ''anticipate'', ''seek'', ''estimate'', ''intend'', ''plan'', ''projection'', ''would'', ''annualized'', "target" and ''outlook'', or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements involve estimates and known and unknown risks and reflect various assumptions and involve elements of subjective judgement and analysis, which may or may not prove to be correct, and which are subject to uncertainties and contingencies outside the control of Byline and its respective affiliates, directors, employees and other representatives, which could cause actual results to differ materially from those presented in this communication. No representations, warranties or guarantees are or will be made by Byline as to the reliability, accuracy or completeness of any forward-looking statements contained in this communication or that such forward-looking statements are or will remain based on reasonable assumptions. You should not place undue reliance on any forward-looking statements contained in this communication. Certain risks and important factors that could affect Byline's future results are identified in our Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission, including among other things under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statement speaks only as of the date on which it is made, and Byline undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information or the occurrence of unanticipated events, or otherwise unless required under the federal securities laws. Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

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![Slide 3](by-ex99_2s3.jpg)

Note: Map excludes Byline Bank branch located in Wauwatosa, WI. Source: S&P Global Market Intelligence and company filings. Data as of quarter ended September 30, 2025 or most recent available. BY market capitalization as of September 30, 2025. Second largest bank headquartered in Chicago based on total assets. Represents a non-GAAP financial measure. See "Non-GAAP Reconciliation" in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure. Leading Chicago Commercial Banking Franchise Company Overview BY at a Glance ($mm) Leading Chicago Footprint Growth Strategy Size Aspiration Chicagoland Branch Locations 44 Largest Bank Headquartered in Chicago(1) #2 $9.8 Billion Total Assets $7.5 Billion Total Loans & Leases $7.8 Billion Total Deposits $1.0 Billion Tangible Common Equity(2) $1.3 Billion Market Cap(1) A leading Chicago-based commercial bank with the strength, scale, and product offerings to compete effectively in our markets—delivering value to shareholders, customers, employees, and the communities we serve Preeminent Commercial Bank in Chicago Grow & Deepen Relationships Balance Sheet Strength Strong Financial Returns Invest in the Business Gain market share in commercial banking Target lower middle market customers with full-service relationship banking to drive share and deepen engagement Grow low-cost deposits Build a stable funding base by growing business banking deposits and optimizing balance sheet efficiency Supplement organic growth through acquisitions Leverage acquisition expertise to capitalize on market opportunities

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![Slide 4](by-ex99_2s4.jpg)

$37.2 million $37.8 million Reported Adjusted(1) 51.00% 50.27% Reported Adjusted(1) Third Quarter 2025 Highlights Data as of or for the quarter ended September 30, 2025, unless otherwise noted. Comparisons against June 30, 2025, unless otherwise noted. Represents a non-GAAP financial measure. See "Non-GAAP Reconciliation" in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure. Annualized. Interest income and rates include the effects of a tax equivalent adjustment to adjust tax-exempt investment income on tax-exempt investment securities to a fully taxable basis, assuming a federal income tax rate of 21%. 2.25% 2.29% Reported(1)(2) Adjusted(1)(2) 15.11% 15.36% Reported(1)(2) Adjusted(1)(2) $0.82 $0.83 Reported Adjusted(1) 1.52% 1.54% Reported(2) Adjusted(1)(2) Net Income Diluted EPS PTPP ROAA Efficiency Ratio ROAA ROTCE Strong Financial Performance 12.15% Common Equity Tier 1 +11.7% Increase in Tangible Book Value / Share(1) Y/Y +5.8% Increase in Loans & Leases(2) -11 bps Decrease in Cost of Deposits +9.5% Increase in Non-interest Income Net Income of $37.2 million; Diluted EPS of $0.82 Pre-Tax Pre-Provision income(1) of $55.2 million; Pre-Tax Pre-Provision ROAA(1)(2) of 2.25% 12th consecutive quarter of PTPP ROAA exceeding 2.00% Net interest income of $99.9 million, up 4.1%  Revenue of $115.7 million, up 4.8% Completed $75.0 million offering of subordinated debt at 6.875% Net interest margin (FTE)(1)(3) of 4.28%, up 9 bps Loan and lease yields of 7.14%; average cost of deposits of 2.16% Stockholders' equity of $1.2 billion, up 3.8% TCE/TA(1): 10.78%, up 39 bps TBV/Share(1): $22.58, up 4.7% NPL/Total Loans: 0.85%, down 7 bps NPA/Total Assets: 0.69%, down 6 bps 4

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![Slide 5](by-ex99_2s5.jpg)

Highlights Total Loan Portfolio and Average Yield Loan Portfolio Trends ($ in millions) Portfolio Composition Total loan portfolio was $7.5 billion at 3Q25, an increase of $107.5 million, or 5.8%(1) from 2Q25 Originated $264.5 million in new loans, net of loan sales in 3Q25 Production driven by commercial banking and leasing originations of $105.6 million and $85.0 million, respectively Payoff activity decreased by $40.6 million from 2Q25 to $204.6 million Average loan yield of 7.14%, up 2 bps LQ Utilization Rates Originations and Payoffs Last 12 Months Average (1) Annualized.

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![Slide 6](by-ex99_2s6.jpg)

Deposit Trends ($ in millions) Total deposits were $7.8 billion at 3Q25, an increase of $17.7 million, or 0.9%(1) from 2Q25 Non-interest-bearing demand deposits up $159.6 million, or 9.0% Deposit mix shift drove lower funding costs Average cost of deposits decreased by 11 bps to 2.16% Cost of interest-bearing deposits decreased by 10 bps to 2.85% Brokered deposits down $69.6 million LQ and down $163.4 million YTD Commercial deposits accounted for 46.9% of total deposits and represent 88.8% of all non-interest-bearing deposits Deposit Composition Highlights Cost of Interest-Bearing Deposits Avg. Non-Interest-Bearing Deposits Loan to Deposit Ratio (1) Annualized.

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![Slide 7](by-ex99_2s7.jpg)

Net Interest Income and Net Interest Margin Trends ($ in millions) Net interest income was $99.9 million, up 4.1% from 2Q25 Increase in NII driven by higher earning asset yields and lower deposit costs Net interest margin of 4.27%, up 9 basis points from 2Q25 Interest Rate Sensitivity Over a One-Year Time Horizon Rates -100 bps: ~$13 million or ~3.2% decline in NII or ~$3.3 million per 25 bps Ramp -100 bps: ~$10 million or ~2.4% decline in NII or ~$2.5 million per 25 bps Net Interest Income Highlights NIM Bridge NIM, Yields and Costs Repricing Mix $96.0 Million NII $99.9 Million NII 4.18% 4.27%

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![Slide 8](by-ex99_2s8.jpg)

Non-Interest Income Trends ($ in millions) Government Guaranteed Loan Sales $92.9 million of guaranteed loans sold in 3Q25 Non-interest income was $15.9 million, up 9.5% from 2Q25 $7.0 million in gain on sale of loans sold, driven by higher volume Non-interest income trends remain stable QoQ, excluding FV mark on loan servicing asset Higher wealth management and trust income Volume Sold and Average Net Premiums Total Non-Interest Income Highlights Net Gains on Sales of Loans

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![Slide 9](by-ex99_2s9.jpg)

Non-Interest Expense Trends ($ in millions) (2) Non-interest expense of $60.5 million, up 1.5% from 2Q25 and reflects: Increased salaries and employee benefits $2.0 million higher incentive compensation accruals $1.5 million increase in other non-interest expense $843,000 on the extinguishment of subordinated debt Efficiency ratio stood at 51.00% at 3Q25 NIE/AA remained relatively flat at 2.47% LQ Efficiency Ratio Non-Interest Expense Highlights Non-Interest Expense Bridge Net of significant items. Represents a non-GAAP financial measure. See "Non-GAAP Reconciliation" in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure. ($4.0) ($0.2) $3.2 $59.6 $60.5 $1.2 $0.7 (1) (1)

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![Slide 10](by-ex99_2s10.jpg)

Asset Quality Trends ($ in millions) Criticized & Classified Loans and Leases Net Charge-offs NPLs / Total Loans & Leases Allowance for Credit Losses (ACL) Excluding Government Guaranteed loans, NPLs were 74 bps Note: Criticized & classified loans and leases risk rated special mention or worse.

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![Slide 11](by-ex99_2s11.jpg)

Strong Capital Position (1) Strong Capital Base Capital Ratios (1) Return on Average Tangible Common Equity Common Equity Tier 1 Capital Priorities: Increased capital ratios: CET1 of 12.15%, up 30 bps LQ and up 80 bps YoY TCE/TA(1) of 10.78%, up 39 bps LQ and up 106 YoY $1.2 billion total stockholders' equity, up 3.8% TBV per common share of $22.58(1), up 4.7% LQ and 11.7% YoY 1. Fund Organic Growth 2. Dividend 3. M&A 4. Buyback Represents a non-GAAP financial measure. See "Non-GAAP Reconciliation" in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure.

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![Slide 12](by-ex99_2s12.jpg)

2025 Strategic Priorities Strengthening our position as the preeminent commercial bank in Chicago Stay Ahead of Regulatory Expectations Maintain Balance Sheet Strength Strong liquidity profile $ Top Quartile Profitability Deposits, Deposits, Deposits Grow low-cost, core deposits Actively Manage Risk Capitalize on Market Opportunities Industry consolidation is impacting community banks Continue to attract and develop talent Monitor portfolio to identify and resolve problems quickly Maintain disciplined focus on credit through the cycle (moderate-to-low risk profile) Dynamically operate through the interest rate environment Completed the First Security acquisition and integration Prepare for crossing the $10 billion threshold Drive higher net interest income, while managing margin / asset sensitivity Source: S&P Global Market Intelligence \| Byline 2024 Proxy Peer Group. Maintain top quartile profitability(1) Fortress level Capital Ratios

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![Slide 13](by-ex99_2s13.jpg)

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![Slide 14](by-ex99_2s14.jpg)

Granular Deposit Base Consumer Deposits, $3.1 billion Commercial Deposits, $2.8 billion ~64% of Total Deposits are FDIC Insured …with limited concentration and granular customer base providing a stable source of funding Consumer Deposits(1) $3.6 billion at 9/30/25 Granular Deposit Base ~$30,000 Average Account Balance Customer Base ~120,000 Consumer Accounts Total Franchise 45 Branches Commercial Deposits $4.2 billion at 9/30/25 Granular Deposit Base ~$152,000 Average Account Balance Customer Base ~28,000 Commercial Accounts Consumer Deposits, $3.6 billion Commercial Deposits, $4.2 billion Uninsured 10% d Total Deposits $7.8 Billion as of 9/30/25 Core banking footprint in key urban MSAs in Wisconsin and a broad footprint in Chicago, IL A strength of our franchise is our well diversified deposit base… Excludes brokered deposits.

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![Slide 15](by-ex99_2s15.jpg)

Represents a non-GAAP financial measure. See "Non-GAAP Reconciliation" in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure. Strong Liquidity and Securities Portfolio ($ in millions) Liquidity Position Cash and cash equivalents of $259.0 million, up by $40.7 million, or 18.6% from 2Q25 $1.5 billion investment portfolio all classified as AFS $2.2 billion of available borrowing capacity Uninsured deposits ratio at 34.4% Investment portfolio duration: 4.6 years; net of hedges: ~4.3 years Investment portfolio annual cash flow: ~$206 million Taxable securities yield of 3.38%, up two basis points from 2Q25 Highlights AFS Portfolio by Type Securities + Cash (Average)

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![Slide 16](by-ex99_2s16.jpg)

Unguaranteed Government-Guaranteed Exposure Represents 5.7% of Total Loans ($ in millions) ($ in millions) $ Balance % of Portfolio Unguaranteed $395.7 5.3% Guaranteed 81.6 1.1% Total SBA 7(a) Loans $477.3 6.4% Unguaranteed $32.5 0.4% Guaranteed 20.0 0.3% Total USDA Loans $52.5 0.7% ACL/Unguaranteed Loan Balance Closed $126.7 million in SBC loan commitments in 3Q25 SBA 7(a) portfolio $477.3 million, up $2.3 million from 2Q25 ACL/Unguaranteed loan balance ~7.8% $1.7 billion in serviced government guaranteed loans for investors in 3Q25 Since 2016, the unguaranteed government-guaranteed exposure has decreased from 14.6% down to 5.7% in 3Q25 On Balance Sheet SBA 7(a) & USDA Loans SBA 7(a) & USDA Closed Loan Commitments Highlights $111.4 $121.7 $118.3 $105.8 $123.6

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![Slide 17](by-ex99_2s17.jpg)

Projected Acquisition Accounting Accretion Projected Accretion(1) ($ in millions) Projections are updated quarterly, assumes no prepayments and are subject to change.

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![Slide 18](by-ex99_2s18.jpg)

Financial Summary Represents a non-GAAP financial measure. See "Non-GAAP Reconciliation" in the appendix for a reconciliation of non-GAAP measure to the most directly comparable GAAP financial measure. Interest income and rates include the effects of a tax equivalent adjustment to adjust tax-exempt investment income on tax-exempt investment securities to a fully taxable basis, assuming a federal income tax rate of 21%. As of or For the Three Months Ended As of or For the Nine Months Ended (dollars in thousands, except per share data) September 30, June 30, March 31, December 31, September 30, September 30, September 30, 2025 2025 2025 2024 2024 2025 2024 Income Statement Net interest income $99,871 $95,970 $88,216 $88,524 $87,455 $284,057 $259,522 Provision for credit losses 5,298 11,923 9,179 6,878 7,475 26,400 20,163 Non-interest income 15,864 14,483 14,864 16,149 14,385 45,211 42,702 Non-interest expense 60,518 59,602 56,429 57,431 54,327 176,549 161,346 Income before provision for income taxes 49,919 38,928 37,472 40,364 40,038 126,319 120,715 Provision for income taxes 12,719 8,846 9,224 10,044 9,710 30,789 30,276 Net income $37,200 $30,082 $28,248 $30,320 $30,328 $95,530 $90,439 Diluted earnings per common share(1) $0.82 $0.66 $0.64 $0.69 $0.69 $2.12 $2.07 Balance Sheet Total loans and leases HFI $7,440,755 $7,328,055 $7,025,837 $6,906,822 $6,879,446 $7,440,755 $6,879,446 Total deposits 7,828,197 7,810,479 7,553,308 7,458,628 7,497,887 7,828,197 7,497,887 Tangible common equity(1) 1,035,668 988,908 934,098 893,399 896,869 1,035,668 896,869 Balance Sheet Metrics Loans and leases / total deposits 95.31% 94.15% 93.30% 92.64% 92.02% 95.31% 92.02% Tangible common equity / tangible assets(1) 10.78% 10.39% 9.95% 9.61% 9.72% 10.78% 9.72% Key Performance Ratios Net interest margin 4.27% 4.18% 4.07% 4.01% 3.88% 4.18% 3.95% Net interest margin, fully taxable equivalent (1)(2) 4.28% 4.19% 4.08% 4.02% 3.89% 4.19% 3.96% Efficiency ratio 51.00% 52.61% 53.66% 53.58% 52.02% 52.37% 52.05% Adjusted efficiency ratio(1) 50.27% 48.20% 53.04% 53.37% 51.62% 50.44% 51.85% Non-interest income to total revenues 13.71% 13.11% 14.42% 15.43% 14.13% 13.73% 14.13% Non-interest expense to average assets 2.47% 2.48% 2.49% 2.48% 2.31% 2.48% 2.35% Return on average assets 1.52% 1.25% 1.25% 1.31% 1.29% 1.34% 1.32% Adjusted return on average assets(1) 1.54% 1.41% 1.27% 1.32% 1.30% 1.41% 1.32% Pre-tax pre-provision return on average assets (1) 2.25% 2.12% 2.06% 2.04% 2.02% 2.15% 2.05% Adjusted pre-tax pre-provision return on average assets (1) 2.29% 2.32% 2.09% 2.05% 2.03% 2.24% 2.06% Dividend payout ratio on common stock 12.20% 15.15% 15.63% 13.04% 13.04% 14.15% 13.04% Tangible book value per common share(1) $22.58 $21.56 $20.91 $20.09 $20.21 $22.58 $20.21

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![Slide 19](by-ex99_2s19.jpg)

Non-GAAP Reconciliation As of or For the Three Months Ended As of or For the Nine Months Ended (dollars in thousands, except per share data) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 September 30, 2025 September 30, 2024 Net income and earnings per share excluding significant items Reported Net Income $37,200 $30,082 $28,248 $30,320 $30,328 $95,530 $90,439 Significant items: Merger-related expenses — 4,450 637 218 411 5,087 411 Secondary public offering of common stock expenses — 413 — — — 413 — Loss on extinguishment of debt 843 — — — — 843 — Impairment charges on ROU assets — — — — — — 194 Tax benefit (221) (1,117) (134) (1) (32) (1,472) (84) Adjusted Net Income $37,822 $33,828 $28,751 $30,537 $30,707 $100,401 $90,960 Reported Diluted Earnings per Share $0.82 $0.66 $0.64 $0.69 $0.69 $2.12 $2.07 Significant items: Merger-related expenses — 0.10 0.01 — 0.01 0.01 — Secondary public offering of common stock expenses — 0.01 — — — 0.11 0.01 Loss on extinguishment of debt 0.02 — — — — 0.02 — Impairment charges on ROU assets — — — — — — — Tax benefit (0.01) (0.02) — — — (0.03) — Adjusted Diluted Earnings per Share $0.83 $0.75 $0.65 $0.69 $0.70 $2.23 $2.08

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![Slide 20](by-ex99_2s20.jpg)

Non-GAAP Reconciliation (continued) As of or For the Three Months Ended As of or For the Nine Months Ended (dollars in thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 September 30, 2025 September 30, 2024 Adjusted non-interest expense: Non-interest expense $60,518 $59,602 $56,429 $57,431 $54,327 $176,549 $161,346 Less: Merger-related expenses — 4,450 637 218 411 5,087 411 Less: Secondary public offering of common stock expenses — 413 — — — 413 — Less: Loss on extinguishment of debt 843 — — — — 843 — Less: Impairment charges on ROU assets — — — — — — 194 Adjusted non-interest expense $59,675 $54,739 $55,792 $57,213 $53,916 $170,206 $160,741 Adjusted non-interest expense ex. amortization of intangible assets: Adjusted non-interest expense $59,675 $54,739 $55,792 $57,213 $53,916 $170,206 $160,741 Less: Amortization of intangible assets 1,494 1,499 1,118 1,345 1,345 4,111 4,035 Adjusted non-interest expense ex. amortization of intangible assets $58,181 $53,240 $54,674 $55,868 $52,571 $166,095 $156,706 Pre-tax pre-provision net income: Pre-tax income $49,919 $38,928 $37,472 $40,364 $40,038 $126,319 $120,715 Add: Provision for credit losses 5,298 11,923 9,179 6,878 7,475 26,400 20,163 Pre-tax pre-provision net income $55,217 $50,851 $46,651 $47,242 $47,513 $152,719 $140,878 Adjusted pre-tax pre-provision net income: Pre-tax pre-provision net income $55,217 $50,851 $46,651 $47,242 $47,513 $152,719 $140,878 Add: Merger-related expenses — 4,450 637 218 411 5,087 411 Add: Secondary public offering of common stock expenses — 413 — — — 413 — Add: Loss on extinguishment of debt 843 — — — — 843 — Add: Impairment charges on ROU assets — — — — — — 194 Adjusted pre-tax pre-provision net income $56,060 $55,714 $47,288 $47,460 $47,924 $159,062 $141,483 Tax equivalent net interest income: Net interest income $99,871 $95,970 $88,216 $88,524 $87,455 $284,057 $259,522 Add: Tax-equivalent adjustment 228 231 228 230 229 687 691 Net interest income, fully taxable equivalent $100,099 $96,201 $88,444 $88,754 $87,684 $284,744 $260,213 Total revenues: Net interest income $99,871 $95,970 $88,216 $88,524 $87,455 $284,057 $259,522 Add: Non-interest income 15,864 14,483 14,864 16,149 14,385 45,211 42,702 Total revenues $115,735 $110,453 $103,080 $104,673 $101,840 $329,268 $302,224

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![Slide 21](by-ex99_2s21.jpg)

Non-GAAP Reconciliation (continued) As of or For the Three Months Ended As of or For the Nine Months Ended (dollars in thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 September 30, 2025 September 30, 2024 Tangible common stockholders' equity: Total stockholders' equity $1,237,682 $1,192,416 $1,131,078 $1,091,497 $1,096,312 $1,237,682 $1,096,312 Less: Goodwill and other intangibles 202,014 203,508 196,980 198,098 199,443 202,014 199,443 Tangible common stockholders' equity $1,035,668 $988,908 $934,098 $893,399 $896,869 $1,035,668 $896,869 Tangible assets: Total assets $9,812,375 $9,720,218 $9,584,732 $9,496,529 $9,424,316 $9,812,375 $9,424,316 Less: Goodwill and other intangibles 202,014 203,508 196,980 198,098 199,443 202,014 199,443 Tangible assets $9,610,361 $9,516,710 $9,387,752 $9,298,431 $9,224,873 $9,610,361 $9,224,873 Average tangible common stockholders' equity: Average total stockholders' equity $1,208,290 $1,178,554 $1,110,168 $1,094,025 $1,059,628 $1,166,030 $1,022,548 Less: Average goodwill and other intangibles 202,723 203,767 197,514 198,697 200,091 201,354 201,426 Average tangible common stockholders' equity $1,005,567 $974,787 $912,654 $895,328 $859,537 $964,676 $821,122 Average tangible assets: Average total assets $9,716,920 $9,633,817 $9,186,765 $9,201,635 $9,373,849 $9,514,443 $9,182,543 Less: Average goodwill and other intangibles 202,723 203,767 197,514 198,697 200,091 201,354 201,426 Average tangible assets $9,514,197 $9,430,050 $8,989,251 $9,002,938 $9,173,758 $9,313,089 $8,981,117 Tangible net income: Net income $37,200 $30,082 $28,248 $30,320 $30,328 $95,530 $90,439 Add: After-tax intangible asset amortization 1,103 1,107 826 1,015 986 3,036 2,959 Tangible net income $38,303 $31,189 $29,074 $31,335 $31,314 $98,566 $93,398 Adjusted tangible net income: Tangible net income $38,303 $31,189 $29,074 $31,335 $31,314 $98,566 $93,398 Add: Merger-related expenses — 4,450 637 218 411 5,087 411 Add: Secondary public offering of common stock expenses — 413 — — — 413 — Add: Loss on extinguishment of debt 843 — — — — 843 — Add: Impairment charges on ROU assets — — — — — — 194 Add: Tax benefit on significant items (221) (1,117) (134) (1) (32) (1,472) (84) Adjusted tangible net income $38,925 $34,935 $29,577 $31,552 $31,693 $103,437 $93,919

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![Slide 22](by-ex99_2s22.jpg)

Non-GAAP Reconciliation (continued) As of or For the Three Months Ended As of or For the Nine Months Ended (dollars in thousands, except share and per share data, ratios annualized, where applicable) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 September 30, 2025 September 30, 2024 Pre-tax pre-provision return on average assets: Pre-tax pre-provision net income $55,217 $50,851 $46,651 $47,242 $47,513 $152,719 $140,878 Average total assets 9,716,920 9,633,817 9,186,765 9,201,635 9,373,849 9,514,443 9,182,543 Pre-tax pre-provision return on average assets 2.25% 2.12% 2.06% 2.04% 2.02% 2.15% 2.05% Adjusted pre-tax pre-provision return on average assets: Adjusted pre-tax pre-provision net income $56,060 $55,714 $47,288 $47,460 $47,924 $159,062 $141,483 Average total assets 9,716,920 9,633,817 9,186,765 9,201,635 9,373,849 9,514,443 9,182,543 Adjusted pre-tax pre-provision return on average assets 2.29% 2.32% 2.09% 2.05% 2.03% 2.24% 2.06% Net interest margin, fully taxable equivalent: Net interest income, fully taxable equivalent $100,099 $96,201 $88,444 $88,754 $87,684 $284,744 $260,213 Total average interest-earning assets 9,286,276 9,208,156 8,785,619 8,785,176 8,961,650 9,095,185 8,770,266 Net interest margin, fully taxable equivalent 4.28% 4.19% 4.08% 4.02% 3.89% 4.19% 3.96% Non-interest income to total revenues: Non-interest income $15,864 $14,483 $14,864 $16,149 $14,385 $45,211 $42,702 Total revenues 115,735 110,453 103,080 104,673 101,840 329,268 302,224 Non-interest income to total revenues 13.71% 13.11% 14.42% 15.43% 14.13% 13.73% 14.13% Adjusted non-interest expense to average assets: Adjusted non-interest expense $59,675 $54,739 $55,792 $57,213 $53,916 $170,206 $160,741 Average total assets 9,716,920 9,633,817 9,186,765 9,201,635 9,373,849 9,514,443 9,182,543 Adjusted non-interest expense to average assets 2.44% 2.28% 2.46% 2.47% 2.29% 2.39% 2.34% Adjusted efficiency ratio: Adjusted non-interest expense excluding amortization of intangible assets $58,181 $53,240 $54,674 $55,868 $52,571 $166,095 $156,706 Total revenues 115,735 110,453 103,080 104,673 101,840 329,268 302,224 Adjusted efficiency ratio 50.27% 48.20% 53.04% 53.37% 51.62% 50.44% 51.85% Adjusted return on average assets: Adjusted net income $37,822 $33,828 $28,751 $30,537 $30,707 $100,401 $90,960 Average total assets 9,716,920 9,633,817 9,186,765 9,201,635 9,373,849 9,514,443 9,182,543 Adjusted return on average assets 1.54% 1.41% 1.27% 1.32% 1.30% 1.41% 1.32% Adjusted return on average stockholders' equity: Adjusted net income $37,822 $33,828 $28,751 $30,537 $30,707 $100,401 $90,960 Average stockholders' equity 1,208,290 1,178,554 1,110,168 1,094,025 1,059,628 1,166,030 1,022,548 Adjusted return on average stockholders' equity 12.42% 11.51% 10.50% 11.10% 11.53% 11.51% 11.88%

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![Slide 23](by-ex99_2s23.jpg)

Non-GAAP Reconciliation (continued) As of or For the Three Months Ended As of or For the Nine Months Ended September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 September 30, 2025 September 30, 2024 Tangible common equity to tangible assets: Tangible common equity $1,035,668 $988,908 $934,098 $893,399 $896,869 $1,035,668 $896,869 Tangible assets 9,610,361 9,516,710 9,387,752 9,298,431 9,224,873 9,610,361 9,224,873 Tangible common equity to tangible assets 10.78% 10.39% 9.95% 9.61% 9.72% 10.78% 9.72% Return on average tangible common stockholders' equity: Tangible net income $38,303 $31,189 $29,074 $31,335 $31,314 $98,566 $93,398 Average tangible common stockholders' equity 1,005,567 974,787 912,654 895,328 859,537 964,676 821,122 Return on average tangible common stockholders' equity 15.11% 12.83% 12.92% 13.92% 14.49% 13.66% 15.19% Adjusted return on average tangible common stockholders' equity: Adjusted tangible net income $38,925 $34,935 $29,577 $31,552 $31,693 $103,437 $93,919 Average tangible common stockholders' equity 1,005,567 974,787 912,654 895,328 859,537 964,676 821,122 Adjusted return on average tangible common stockholders' equity 15.36% 14.37% 13.14% 14.02% 14.67% 14.34% 15.28% Tangible book value per share: Tangible common equity $1,035,668 $988,908 $934,098 $893,399 $896,869 $1,035,668 $896,869 Common shares outstanding 45,859,977 45,866,649 44,675,553 44,459,584 44,384,706 45,859,977 44,384,706 Tangible book value per share $22.58 $21.56 $20.91 $20.09 $20.21 $22.58 $20.21

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![Slide 24](by-ex99_2s24.jpg)

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