Select Third Quarter 2022 Financial Highlights

Net income of $22.7 million, or $0.61 per diluted share
Net interest income of $68.9 million and $12.0 million of non-interest income
- Total revenue¹ of $80.9 million
Net interest margin of 4.04%
Return on average assets of 1.26%
Efficiency ratio of 55.11%
Originated loans and leases increased $134.3 million, loan and lease production, net of loan sales of $303.2 million
Total deposits increased $224.1 million to $5.6 billion
Common Equity Tier 1 to risk weighted assets of 10.24%

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 $22.7 million, or $0.61 per diluted share, for the third quarter of 2022 compared with net income of $20.3 million, or $0.54 per diluted share, for the second quarter of 2022, and net income of $25.3 million, or $0.66 per diluted share, for the third quarter 2021.

Roberto R. Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, Inc., commented, "Byline delivered a strong third quarter with record revenues, driven by expansion in net interest income supported by loan, lease and deposit growth and the benefit of higher interest rates. We continue to focus on maintaining a healthy balance sheet and strong capital and liquidity positions. Given the uncertain economic environment, we are preparing for a range of possible outcomes and will continue to manage the bank in a prudent, disciplined manner. I want to thank our employees for their dedication to helping our customers, communities, and shareholders."

Alberto J. Paracchini, President of Byline Bancorp, Inc. added, "Our performance was balanced and resilient in an uncertain and difficult environment, delivering solid financial results for the third quarter. Our net interest margin increased and thanks to our bankers and team members, we continued to experience healthy growth on our balance sheet. While the loan and lease portfolio continues to perform well, we believe our consistently strong underwriting and credit risk management practices prepare us well for changes in the business cycle."

Board Declares Cash Dividend of $0.09 per Share

On October 25, 2022, the Company's Board of Directors declared a cash dividend of $0.09 per share, payable on November 22, 2022, to stockholders of record of the Company's common stock as of November 8, 2022.

STATEMENTS OF OPERATIONS

Net Interest Income

The following table presents the average interest-earning assets and average interest-bearing liabilities for the periods indicated. Net interest income and margin are adjusted to reflect tax-exempt interest income on a tax-equivalent basis using tax rates effective as of the end of the period:

	For the Three Months Ended
	September 30, 2022						June 30, 2022						September 30, 2021
(dollars in thousands)	Average Balance⁽⁵⁾		Interest Inc / Exp		Avg. Yield / Rate		Average Balance⁽⁵⁾		Interest Inc / Exp		Avg. Yield / Rate		Average Balance⁽⁵⁾		Interest Inc / Exp		Avg. Yield / Rate
ASSETS
Cash and cash equivalents	$	77,522	$	210	1.08	%	$	66,034	$	74	0.45	%	$	40,088	$	19	0.19	%
Loans and leases⁽¹⁾		5,218,135		72,824	5.54	%		5,009,077		59,674	4.78	%		4,539,111		56,291	4.92	%
Taxable securities		1,302,375		6,014	1.83	%		1,330,200		5,904	1.78	%		1,309,802		5,472	1.66	%
Tax-exempt securities⁽²⁾		162,591

Byline Bancorp, Inc. Reports Third Quarter 2022 Financial Results