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BY Byline Bancorp , Inc. Select Third Quarter 2021 Highlights ● ● ● ● ● Byline Bancorp , Inc. Reports Third Quarter 2021 Financial Results ● Net income of $ 25.3 million , or $ 0.66 per diluted share Net interest margin of 3.91 % Return on average assets of 1.53 % , as adjusted ¹ 1.59 % Efficiency ratio of 54.18 % Non - interest bearing deposits 41.1 % of total deposits Originated loans and leases increased $ 189.5 million , total production of $ 410.3 million Common Equity Tier 1 to risk weighted assets of 11.32 % Chicago , IL , October 28 , 2021 – Byline Bancorp , Inc. ( " Byline " , the " Company " , " we " , " our " , or " us " ) ( NYSE : BY ) , the parent company of Byline Bank ( the " Bank ” ) , today reported net income of $ 25.3 million , or $ 0.66 per diluted share , for the third quarter of 2021 , compared with net income of $ 28.5 million , or $ 0.73 per diluted share , for the second quarter of 2021 and net income of $ 13.1 million , or $ 0.34 per diluted share for the third quarter 2020 . Adjusted net income¹ was $ 26.4 million , or $ 0.69 per adjusted diluted share , for the third quarter of 2021 , compared with $ 29.9 million , or $ 0.77 per adjusted diluted share¹ , for the second quarter of 2021 and $ 13.1 million , or $ 0.34 per adjusted diluted share for the third quarter of 2020 . Roberto R. Herencia , Executive Chairman and Chief Executive Officer of Byline Bancorp , commented , " We reported strong third quarter results highlighted by robust balance sheet growth as our teams remained focused on taking care of our customers , while the economy continued to improve . We executed well on our commercial banking strategy during the quarter driven by solid loan and lease growth , net interest margin expansion while continuing to deploy excess capital through share repurchases and dividends . We remain optimistic about our opportunities to execute on our strategy in the future to further enhance the value of our franchise . I want to thank all of our employees for their continued hard work and dedication to serving all of our stakeholders . " Alberto J. Paracchini , President of Byline Bancorp , added , " Our strong results were supported by continued momentum across our businesses resulting in loan and lease growth , strong inflows of commercial noninterest bearing deposits , and higher net interest income . Excluding PPP loans , our total loans and leases grew at a 34.9 % annualized rate during the third quarter and more than offset the decline in our PPP portfolio . Growth was particularly strong in the commercial , sponsor finance , leasing and government guaranteed loan portfolios . Thanks to the efforts of all of our bankers and team members , we continue to have a healthy loan pipeline , which we believe will result in continued growth of our business while benefiting the mix of earning assets . " Board Declares Cash Dividend of $ 0.09 per Share On October 26 , 2021 , the Company's Board of Directors declared a cash dividend of $ 0.09 per share , payable on November 23 , 2021 , to stockholders of record of the Company's common stock as of November 9 , 2021 . ( 1 ) Represents non - GAAP financial measures . See " Reconciliation of non - GAAP Financial Measures " for a reconciliation of our non - GAAP measures to the most directly comparable GAAP financial measure .