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Byline Bancorp: 1Q Earnings Snapshot

CHICAGO (AP) _ Byline Bancorp Inc. (BY) on Thursday reported first-quarter profit of $12.6 million.

The bank, based in Chicago, said it had earnings of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The bank holding company posted revenue of $73.1 million in the period. Its revenue net of interest expense was $62.1 million, which also beat Street forecasts.

Byline Bancorp shares have increased 17 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.55, a decline of 15 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BY at https://www.zacks.com/ap/BY