{"id":792973,"date":"2024-12-05T16:38:23","date_gmt":"2024-12-05T21:38:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/byline-bancorp-announces-approval-of-new-stock-repurchase-program-3\/"},"modified":"2024-12-05T16:38:23","modified_gmt":"2024-12-05T21:38:23","slug":"byline-bancorp-announces-approval-of-new-stock-repurchase-program-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/byline-bancorp-announces-approval-of-new-stock-repurchase-program-3\/","title":{"rendered":"Byline Bancorp Announces Approval of New Stock Repurchase Program"},"content":{"rendered":"

<\/p>\n

Byline Bancorp Announces Approval of New Stock Repurchase Program<\/b><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–
\nByline Bancorp, Inc. (\u201cByline\u201d or the \u201cCompany\u201d) (NYSE: BY), announced today that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 1.25 million shares of the Company\u2019s outstanding common stock. The shares authorized to be repurchased represent approximately 2.8% of the Company\u2019s currently outstanding common stock. The new program will be effective January 1, 2025 and be in effect until December 31, 2025.<\/p>\n

\nRoberto R. Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, Inc., stated, “The new stock repurchase program underscores our disciplined approach to capital management and reaffirms our commitment to creating lasting value for our stockholders.”<\/p>\n

\nUnder the new program, shares may, at the discretion of management, be repurchased from time to time in open market purchases as market conditions warrant or in privately negotiated transactions, including pursuant to a Rule 10b5-1 plan, all as effected to the extent permitted by applicable law, including pursuant to the safe harbor provided under Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Company is not obligated to purchase any shares under the program, and the program may be discontinued at any time. The actual timing, number and share price of shares purchased under the repurchase program will be determined by the Company at its discretion and will depend on a number of factors, including the market price of the Company\u2019s stock, general market and economic conditions and applicable legal requirements.<\/p>\n

About Byline Bancorp, Inc.<\/b><\/p>\n

\nHeadquartered in Chicago, Byline Bancorp, Inc. (NYSE: BY) is the parent company of Byline Bank, a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $9.4 billion in assets and operates 46 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a wide range of commercial and retail banking products and services including small ticket equipment leasing solutions and is a top Small Business Administration lender in the United States.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis Current Report on Form 8-K contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as \u2018\u2018may\u2019\u2019, \u2018\u2018might\u2019\u2019, \u2018\u2018should\u2019\u2019, \u2018\u2018could\u2019\u2019, \u2018\u2018predict\u2019\u2019, \u2018\u2018potential\u2019\u2019, \u2018\u2018believe\u2019\u2019, \u2018\u2018expect\u2019\u2019, \u2018\u2018continue\u2019\u2019, \u2018\u2018will\u2019\u2019, \u2018\u2018anticipate\u2019\u2019, \u2018\u2018seek\u2019\u2019, \u2018\u2018estimate\u2019\u2019, \u2018\u2018intend\u2019\u2019, \u2018\u2018plan\u2019\u2019, \u2018\u2018projection\u2019\u2019, \u2018\u2018would\u2019\u2019, \u2018\u2018annualized\u2019\u2019, \u201ctarget\u201d and \u2018\u2018outlook\u2019\u2019, or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements involve estimates and known and unknown risks, and reflect various assumptions and involve elements of subjective judgment and analysis, which may or may not prove to be correct, and which are subject to uncertainties and contingencies outside the control of Byline and its respective affiliates, directors, employees and other representatives, which could cause actual results to differ materially from those presented in this communication.<\/p>\n

\nCertain risks and important factors that could affect Byline\u2019s future results are identified in its Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission, including among other things under the heading \u201cRisk Factors\u201d in its Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement speaks only as of the date on which it is made, and Byline undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information or the occurrence of unanticipated events, or otherwise unless required under the federal securities laws.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241205047150\/en\/<\/a><\/span><\/p>\n

Investors \/ Media:
\n<\/b>
Brooks Rennie
\n
Investor Relations Director
\n
Byline Bank
\n
(312) 660-5805
\n
brennie@bylinebank.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Illinois<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Byline Bancorp Announces Approval of New Stock Repurchase Program CHICAGO–(BUSINESS WIRE)– Byline Bancorp, Inc. (\u201cByline\u201d or the \u201cCompany\u201d) (NYSE: BY), announced today that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 1.25 million shares of the Company\u2019s outstanding common stock. The shares authorized to be repurchased represent approximately 2.8% of the Company\u2019s currently outstanding common stock. The new program will be effective January 1, 2025 and be in effect until December 31, 2025. Roberto R. Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, Inc., stated, “The new stock repurchase program underscores our disciplined approach to capital management and reaffirms our commitment to creating lasting value for our … <\/p>\n

Continue reading “Byline Bancorp Announces Approval of New Stock Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-792973","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nByline Bancorp Announces Approval of New Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/byline-bancorp-announces-approval-of-new-stock-repurchase-program-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Byline Bancorp Announces Approval of New Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Byline Bancorp Announces Approval of New Stock Repurchase Program CHICAGO–(BUSINESS WIRE)– Byline Bancorp, Inc. (\u201cByline\u201d or the \u201cCompany\u201d) (NYSE: BY), announced today that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 1.25 million shares of the Company\u2019s outstanding common stock. The shares authorized to be repurchased represent approximately 2.8% of the Company\u2019s currently outstanding common stock. The new program will be effective January 1, 2025 and be in effect until December 31, 2025. Roberto R. Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, Inc., stated, “The new stock repurchase program underscores our disciplined approach to capital management and reaffirms our commitment to creating lasting value for our … Continue reading "Byline Bancorp Announces Approval of New Stock Repurchase Program"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/byline-bancorp-announces-approval-of-new-stock-repurchase-program-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-05T21:38:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20241205047150r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/byline-bancorp-announces-approval-of-new-stock-repurchase-program-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/byline-bancorp-announces-approval-of-new-stock-repurchase-program-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Byline Bancorp Announces Approval of New Stock Repurchase Program\",\"datePublished\":\"2024-12-05T21:38:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/byline-bancorp-announces-approval-of-new-stock-repurchase-program-3\\\/\"},\"wordCount\":663,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/byline-bancorp-announces-approval-of-new-stock-repurchase-program-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20241205047150r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/byline-bancorp-announces-approval-of-new-stock-repurchase-program-3\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/byline-bancorp-announces-approval-of-new-stock-repurchase-program-3\\\/\",\"name\":\"Byline Bancorp Announces Approval of New Stock Repurchase Program - 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