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Byline Bancorp: 2Q Earnings Snapshot

CHICAGO (AP) _ Byline Bancorp Inc. (BY) on Thursday reported second-quarter profit of $9.1 million.

The bank, based in Chicago, said it had earnings of 24 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The bank holding company posted revenue of $70.7 million in the period. Its revenue net of interest expense was $65.4 million, also topping Street forecasts.

Byline Bancorp shares have decreased 33% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.08, a decline of 30% in the last 12 months.


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