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Parent Company Only Condensed Financial Statements (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Schedule of Statements of Condensed Financial Statements

The following represents the condensed financial statements of Byline Bancorp, Inc., the Parent Company:

Statements of Financial Condition

Parent Company Only

		As of December 31,
		2024				2023
ASSETS
Cash		$	37,156			$	39,461
Investment in banking subsidiary			1,191,298				1,112,514
Other assets			20,882				13,893
Total assets		$	1,249,336			$	1,165,868
LIABILITIES AND STOCKHOLDERS’ EQUITY
Line of credit		$	—			$	11,250
Term loan			11,667				18,333
Subordinated notes, net			74,040				73,866
Junior subordinated debentures issued to capital trusts, net			70,890				70,452
Accrued expenses and other liabilities			1,242				1,816
Stockholders' equity			1,091,497				990,151
Total liabilities and stockholders' equity		$	1,249,336			$	1,165,868

Note 22—Parent Company Only Condensed Financial Statements (continued)

Statements of Operations

Parent Company Only

		Years ended December 31,
		2024				2023				2022
INCOME
Dividends from subsidiary		$	46,000			$	35,000			$	24,000
Other interest and dividend income			914				(247	)			(139	)
Other noninterest income			—				12				5
Total income			46,914				34,765				23,866
EXPENSES
Interest expense			13,070				11,495				7,149
Other noninterest expense			2,647				3,978				3,045
Total expenses			15,717				15,473				10,194
Income before provision for income taxes and equity in undistributed income    of subsidiary			31,197				19,292				13,672
Benefit for income taxes			(5,098	)			(4,107	)			(2,633	)
Income before equity in undistributed income of subsidiary			36,295				23,399				16,305
Equity in undistributed income of subsidiary			84,464				84,479				71,649
Net income		$	120,759			$	107,878			$	87,954

Statements of Cash Flows

Parent Company Only

		Years ended December 31,
		2024				2023				2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		$	120,759			$	107,878			$	87,954
Adjustments to reconcile net income to net cash from operating activities:
Equity in undistributed income of subsidiary			(84,464	)			(84,479	)			(71,649	)
Share-based compensation expense			7,889				6,715				5,334
Amortization of subordinated debt issuance cost			174				175				174
Accretion of junior subordinated debentures discount			438				453				432
Changes in other assets and other liabilities			(17,857	)			7,498				(14,531	)
Net cash provided by operating activities			26,939				38,240				7,714
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of securities available-for-sale			—				(9,941	)			(250	)
Net cash paid in acquisition of business			—				(30,902	)			—
Net cash used in investing activities			—				(40,843	)			(250	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from revolving line of credit			—				15,000				—
Repayments of revolving line of credit			(11,250	)			(3,750	)			—
Proceeds from term loan			—				20,000				—
Repayments of term loan			(6,666	)			(1,667	)			—
Dividends paid on preferred stock			—				—				(196	)
Dividends paid on common stock			(15,847	)			(14,585	)			(13,401	)
Proceeds from issuance of common stock, net			4,519				1,791				1,506
Repurchase of preferred stock			—				—				(10,438	)
Repurchase of common stock			—				—				(17,274	)
Net cash provided by (used in) financing activities			(29,244	)			16,789				(39,803	)
NET CHANGE IN CASH AND CASH EQUIVALENTS			(2,305	)			14,186				(32,339	)
CASH AND CASH EQUIVALENTS, beginning of period			39,461				25,275				57,614
CASH AND CASH EQUIVALENTS, end of period		$	37,156			$	39,461			$	25,275

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- References

No definition available.

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- Definition

Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph a
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

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