Q3 Earnings Preview for Byline (NYSE:BY)

in EARNINGS/INVESTING IDEAS by

Byline Bancorp, Inc. (NYSE:BY) is scheduled to report Q3 earnings results after markets close for trading on October 22, 2020.

The company is expected to report earnings of $0.21/share on revenue of $64.9 million. The consensus earnings per share (EPS) of $0.21/share is based on a poll of 5 analysts and represents a decline in eps of −49.8% over the same quarter last year, when the company reported earnings of $0.41/share.

The revenue forecast of $64.9 million based on a poll of 3 analysts implies a year-over-year (YoY) decline in revenue of −10.7%. Last year the company reported $72.644 million in revenue for the quarter.

Expected to report EPS contraction of −49.8% for Q3, 2020
Metric Expected Prior Year YoY Change
Revenue $64.90 $72.64 −10.7%
EPS $0.21 $0.41 −49.8%

Earnings Call Trends

Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters, and missed expectations 1 quarter.

What are your expectations from Byline Bancorp, Inc. for earnings this quarter? Let us know in the comments!

Analyst Expected vs. Reported EPS
Quarter Expected Reported Surprise Result
Q2, 2020 $0.04 $0.24 531.6% Beat
Q1, 2020 $0.27 $0.09 −66.7% Missed
Q4, 2019 $0.38 $0.42 11.1% Beat
Q3, 2019 $0.40 $0.41 1.7% Beat
Q2, 2019 $0.40 $0.41 2.1% Beat
Q1, 2019 $0.34 $0.38 11.8% Beat
Q4, 2018 $0.39 $0.49 25.0% Beat
Q3, 2018 $0.34 $0.40 17.6% Beat

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by increasing 7.3%.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
July 23, 2020 $12.64 $13.56 7.3% Increase
April 30, 2020 $13.07 $11.15 −14.7% Decline
January 23, 2020 $20.51 $20.25 −1.3% Decline
October 24, 2019 $17.90 $17.32 −3.2% Decline

Fundamentals And Technical Analysis

Byline Bancorp, Inc. is currently trading at $13.28/share, up 1.8% for the day. The company is trading at approximately 64.1% of its 52-week high of $20.73/share. The company’s stock price is down −2.1% since the last earnings report and up 3.2% over the previous week.

The company’s 14 Day Relative Price Index (RSI) of 62.86 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.


NYSE:BY Stock Price Chart
Source: Finbox

The current share price implies a price-to-earnings (P/E) multiple of 12.00 and a forward P/E multiple of 16.72.

Byline Bancorp, Inc.’s current share price also implies a price-to-book (P/B) multiple of 0.66. The following table summarizes some other key fundamental ratios:

Data as of October 20, 2020
Metric Value
Last Reported Fiscal Period Key FY2020.Q2
Period End Date June 30, 2020
Stock Price (Current) $13.28
P/E Ratio 12.0x
P/E Ratio (Fwd) 16.7x
PEG Ratio −0.4
Total Debt / Total Capital 54.6%
Levered Free Cash Flow $77.406 million
Price To Sales 2.2x

Finbox

Byline Bancorp, Inc. is a small-cap stock with a market capitalization of $510.1 million. The company operates in the Financials sector and the Banks industry.

Byline Bancorp, Inc. operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit. The company also provides commercial loan products and services, including term loans, revolving lines of credit, construction financing, and cash management products; small business administration loans; and small ticket equipment leasing services, as well as online, mobile, and direct banking services. It operates through 56 branch offices in Chicago metropolitan area; and 1 branch office in Brookfield, Wisconsin. The company was formerly known as Metropolitan Bank Group, Inc. and changed its name to Byline Bancorp, Inc. in 2015. Byline Bancorp, Inc. was incorporated in 1978 and is headquartered in Chicago, Illinois.

Expertise: financial modeling, mergers & acquisitions. Andy is also a founder at finbox.io, where he’s focused on building tools that make it faster and easier for investors to do investment research. Andy’s background is in investment banking where he led the analysis on over 50 board advisory engagements involving mergers and acquisitions, fairness opinions and solvency opinions. Some of his board advisory highlights: - Sears Holdings Corp.’s $620 mm spin-off via rights offering of Sears Outlet, Hometown Stores and Sears Hardware Stores. - Cerberus Capital Management’s $3.3 bn acquisition of SUPERVALU Inc.’s New Albertsons, Inc. assets. Andy can be reached at andy@finbox.io or at +1 (516) 778-6257.

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