Byline Bancorp Q3 2024 Adj. EPS $0.70 Beats $0.65 Estimate, Sales $101.840M Beat $101.082M Estimate
Portfolio Pulse from Benzinga Newsdesk
Byline Bancorp reported Q3 2024 earnings per share of $0.70, surpassing the analyst estimate of $0.65, despite a year-over-year decrease. Sales also exceeded expectations at $101.840 million, though they were down from the previous year.
October 24, 2024 | 8:24 pm
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Byline Bancorp's Q3 2024 earnings per share of $0.70 exceeded analyst expectations of $0.65, despite a decrease from last year's $0.77. Sales also beat estimates at $101.840 million, though they were lower than the previous year's $104.828 million.
The positive earnings surprise, with EPS beating estimates by 7.69%, is likely to have a positive short-term impact on Byline Bancorp's stock price. Although both EPS and sales decreased year-over-year, the fact that they exceeded expectations suggests resilience and may boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100