Founded in 1978, Byline Bancorp, Inc. (NYSE: BY) (“Byline” or “the company”) is a bank holding company that primarily reflects the operations of its lead subsidiary, Byline Bank (“the bank”), which operates 46 branches throughout the Chicago and Milwaukee metro regions.
Following the recap in 2013 led by some of the current executives and BOD members, which continues to result in a significant level of insider ownership (~30%), Byline has achieved considerable balance sheet growth, including 4 bank acquisitions that have strengthened its presence in Chicago and diversified its business lines. Most recently, BY announced the acquisition of First Security Bancorp, Inc. (closing 2Q25), adding ~$350 million in assets, a strong core deposit base, and liquidity to leverage, in Chicago’s western suburbs. This deal moves Byline closer to the $10 billion asset threshold, for which management has been actively preparing through investments in infrastructure, risk…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.