Byline Bancorp Q2 2024 Adj EPS $0.68 Beats $0.63 Estimate, Sales $99.370M Beat $99.227M Estimate
Portfolio Pulse from Benzinga Newsdesk
Byline Bancorp (NYSE:BY) reported Q2 2024 adjusted EPS of $0.68, beating the $0.63 estimate, and sales of $99.370M, surpassing the $99.227M estimate. EPS decreased by 6.85% YoY, while sales increased by 9.85% YoY.
July 25, 2024 | 8:41 pm
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Byline Bancorp reported Q2 2024 adjusted EPS of $0.68, beating the $0.63 estimate, and sales of $99.370M, surpassing the $99.227M estimate. Despite a YoY EPS decrease of 6.85%, sales increased by 9.85%.
Byline Bancorp's Q2 2024 earnings and sales both exceeded analyst estimates, which is generally positive for the stock. However, the YoY decrease in EPS might temper some of the enthusiasm. Overall, the positive earnings surprise and sales growth are likely to have a favorable short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100