Byline Bancorp Inc (BY) News & EventsBYByline Bancorp Inc

Byline Bancorp Reports Q3 Revenue of $121M

Reports Q3 revenue $121M, consensus $116.77M. Roberto R. Herencia, Executive Chairman and CEO of Byline Bancorp, commented, "We delivered record earnings and returned more than $20 million of capital to stockholders through share repurchases and a 16.7% increase in our common dividend to $0.14 per share during the third quarter. We also continued to advance our strategic priorities with the recently announced acquisition of Illinois State Bancorp, Inc., parent of First Nations Bank and The Bank of Bourbonnais. The transaction expands our market presence, strengthens our core deposit base, and adds talented bankers and long-standing customer relationships."

Byline Bancorp Appoints Three Executives

Byline Bancorp announced three executive leadership appointments made as part of the Bank's ongoing succession planning process. Sean McGuire, currently VP - Commercial Banking Group Head, has been named EVP and Chief Commercial Banking Officer; Scott Hawthorne, currently SVP- Deputy Chief Credit Officer, has been named EVP and Chief Credit Officer; and Darrin Bacon, currently SVP- Commercial Banking Group Head, has been named EVP and Head of Commercial Banking, all effective January 1, 2027. The appointments coincide with the planned retirements of Brogan Ptacin, EVP and Head of Commercial Banking, and Mark Fucinato, EVP and Chief Credit Officer, effective December 31, 2026, after a combined 25 years of service to the Bank. The Chief Commercial Banking Officer role is a newly created position carrying an expanded mandate across the Bank's commercial banking platform. Bacon joined Byline as part of its acquisition of First Bank & Trust in 2018 and has served in his current role since 2019. Sean McGuire currently serves as SVP - Commercial Banking Group Head. Brogan Ptacin joined Byline in 2018 and has served as Head of Commercial Banking since 2019. Following Ptacin's retirement, he will remain with the Bank in a non-executive, part-time, advisory capacity. has been appointed Executive Vice President and Chief Credit Officer, effective January 1, 2027. Fucinato joined Byline in 2019 and has served as Chief Credit Officer since 2020.

Byline Bancorp and Illinois State Bancorp Enter Merger Agreement Valued at Approximately $87.9 Million

Byline Bancorp and Illinois State Bancorp announced that they have entered into a definitive merger agreement pursuant to which Illinois State Bancorp and its wholly owned banking subsidiaries will merge with and into Byline Bancorp, Inc. in a cash and stock transaction valued at approximately $87.9 million, based upon Byline's closing stock price on October 5, 2026. The transaction enhances Byline's presence throughout the Chicago market by adding a stable core deposit base, expanding customer relationships, and increasing market density across key communities. Upon closing, the combined franchise will operate 48 branches with approximately $10.5 billion in assets, $8.0 billion in loans, and $8.4 billion in deposits. Illinois State Bancorp, Inc., headquartered in Chicago, Illinois, is the parent company of First Nations Bank and The Bank of Bourbonnais. As of June 30, 2026, on a consolidated basis, Illinois State Bancorp had total assets of approximately $617.3 million, total loans of $470.5 million, and total deposits of $510.5 million. Under the terms of the definitive merger agreement, at the closing of the transaction, Byline will issue approximately 1.4 million shares of common stock and $28.9 million in cash to Illinois State Bancorp, Inc. shareholders. In addition, Byline will pay approximately $5.1 million in cash in connection with the settlement of all outstanding stock options. Based upon the closing price of Byline's common stock of $37.63 on October 5, 2026, this represents a fully diluted transaction value of approximately $87.9 million or $261.23 per Illinois State Bancorp common share. The transaction has been approved unanimously by each company's board of directors and is expected to close during the first quarter of 2027, and is subject to regulatory approvals, the approval of Illinois State Bancorp, Inc.'s shareholders, and the satisfaction of certain other closing conditions.