Byline Bancorp Raises Quarterly Dividend 20% to $0.12 per Share
Byline Bancorp, Inc., a Chicago-based commercial bank, declared a quarterly cash dividend of $0.12 per share, marking a 20% increase from its previous $0.10 dividend. The board approved the dividend on April 21, 2026.
Byline Bancorp, Inc. (NYSE: BYLIN), a Chicago-based commercial bank, declared a quarterly cash dividend of $0.12 per share, representing a 20% increase from its previous quarterly dividend of $0.10. The company's board of directors approved the dividend on April 21, 2026. Read more dividend announcements.
Shareholders of record as of May 5, 2026 will receive the dividend payment on May 19, 2026.
| Dividend Details | Date |
|---|---|
| Amount | $0.12 per share |
| Record Date | May 5, 2026 |
| Payment Date | May 19, 2026 |
| Previous Dividend | $0.10 per share |
The dividend increase came alongside the company's first quarter 2026 results. Roberto R. Herencia, Executive Chairman and CEO, said the company repurchased nearly $10 million of common stock during the quarter in addition to raising the dividend.
Byline Bancorp reported a total payout ratio of 40.4% for the quarter, which includes both dividends and share repurchases. Herencia stated the company remains focused on driving stockholder value as it works toward becoming the preeminent commercial bank in Chicago.
First Quarter Financial Performance
Net interest income for the first quarter of 2026 totaled $99.9 million, down $1.4 million or 1.4% from the fourth quarter of 2025. The decrease reflected two fewer calendar days and declining loan yields, partially offset by lower interest expense on deposits.
The bank's tax-equivalent net interest margin was 4.34% for the quarter, down two basis points from the prior quarter. The average cost of total deposits declined six basis points to 1.91%, driven by lower rates on money market accounts and time deposits.
The provision for credit losses was $5.5 million for the first quarter, down $4.2 million from $9.7 million in the fourth quarter of 2025. The decline reflected lower loss allocations for collectively assessed loans due to reduced criticized loans.
Byline Bancorp's common equity tier 1 ratio stood at 12.55% at quarter-end, up from 12.33% in the prior quarter. Tangible common equity to tangible assets was 11.13%, down slightly from 11.29% in the fourth quarter.