Byline Bancorp guided third-quarter net interest income to a range of $100 million to $102 million, reflecting a higher-for-longer rate outlook. Executive VP and CFO Thomas J. Bell provided the guidance during the company's second-quarter earnings call, where management also reported record net income of $40.2 million, or $0.90 per diluted share, on revenue of $118 million. Noninterest income for the third quarter is expected to be $14 million to $15 million, while full-year noninterest expense guidance was reiterated at $59 million to $60 million per quarter. The bank maintained its full-year loan growth framework of mid-single digits, with payoff timing cited as the main uncertainty, and announced a 16.7% increase in its quarterly dividend to $0.14 per share alongside ongoing share repurchases.
Byline Bancorp IncRecord net income, raised dividend, and share repurchases signal strong financial health and shareholder returns.