Byline Bancorp stock gets USD 87.9 million merger deal

Published on 10/07/2026 at 00:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Byline Bancorp stock reported USD 40.181 million in Q2 net income, up from USD 30.082 million on June 30, 2026. The NYSE quote was USD 37.34 on October 6.

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Byline Bancorp stock (ISIN US1244111092) was last at USD 37.34 on the NYSE at 4:00 p.m. ET on October 6, 2026, down 0.77 percent for the session. The bank announced a USD 87.9 million acquisition that expands its Chicago-area footprint.

Merger expands Chicago footprint

According to StockTitan on October 6, 2026, Byline agreed to acquire Illinois State Bancorp in a cash-and-stock transaction valued at USD 87.9 million. The consideration includes 1.4 million Byline shares and USD 28.9 million in cash for Illinois State Bancorp shareholders, plus USD 5.1 million for outstanding stock options.

The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and Illinois State Bancorp shareholder approval. The projected combined franchise would operate 48 branches with USD 10.5 billion in assets, USD 8.0 billion in loans and USD 8.4 billion in deposits, according to StockTitan.

Second-quarter profit sets a base

For the quarter ended June 30, 2026, Byline reported net income of USD 40.181 million, up from USD 30.082 million a year earlier. Diluted earnings per share came to USD 0.90, compared with USD 0.66 in the prior-year quarter, while net interest income reached USD 100.836 million, according to StockTitan.

That comparison gives the merger a stronger operating backdrop: quarterly net income increased by USD 10.099 million year over year, while diluted EPS rose USD 0.24. The filing also reported USD 9.932 billion in total assets as of June 30, 2026, making the planned USD 10.5 billion combined asset base an expansion of the existing platform.

Results date is October 22

Byline has scheduled its third-quarter 2026 results for after market close on October 22, 2026, with a conference call at 9:00 a.m. CT on October 23, 2026, according to Business Wire. The next report will show whether loan growth, funding costs and credit quality support the acquisition case.

Stock remains below yearly high

BY was last at USD 37.34 on the NYSE on October 6, 2026, versus a 52-week range of USD 25.57 to USD 40.03. Its market capitalization was USD 1.7 billion and volume was 189,612 shares.