BYLINE BANCORP, INC.
In the published model solve dated 2026-Q2, anchored at $38.85, BYLINE BANCORP, INC. (BY) is priced for 11.2% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Byline runs a Chicago-area commercial bank alongside an unusually active government-guaranteed lending desk, selling the guaranteed slice of each SBA and USDA loan while keeping the rest and the servicing, which the FY2025 10-K describes in one line: ⟦This allows us to realize one time gain on sale income along with a recurring servicing and interest revenue stream.⟧ • The improvement in lending spread that carried the last several quarters came from the funding side rather than the lending si
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178 institutional managers reported holding BY in 13F filings for the quarter ended 2026-03-31. Together they hold about 55% of the company; the top 10 hold 30%. 22 opened new positions that quarter. Held by BlackRock, Dimensional Fund Advisors, Vanguard Group, among others. On the short side, 540k shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (1.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BY's share count grew 17.8% over the past five years even with $61.23M spent on repurchases. It pays a dividend, and has for 6 years running; the current rate is $0.40 a share annually. Cash returned over the past three years: $47.30M in dividends and $33.54M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BY over the trailing three years: 2023: 21 buys totaling $2.75M; 2024: 16 buys totaling $1.19M; 2025: 10 buys totaling $1.34M; 2026: 3 buys totaling $39k. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BY's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +8.3% | -12.3% |
| 2023-11-04 | +0.3% | +14.5% |
| 2024-03-05 | -3.9% | +9.8% |
| 2024-05-04 | +1.7% | -0.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BY's latest 8-K filings: 2026-07-23 (items 2.02, 9.01); 2026-06-03 (items 5.07); 2026-05-22 (items 2.03, 9.01); 2026-04-23 (items 2.02, 9.01); 2026-01-22 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.