Analysts predict Byline Bancorp’s Q4 earnings will drop, with key metrics showing slight declines compared to last year.
Chicago: Analysts are buzzing about Byline Bancorp’s upcoming earnings report. They expect the company to post earnings of $0.60 per share, which is a drop of about 17.8% from last year. Revenue is projected to be around $100.1 million, just a slight dip of 0.7% compared to the same quarter last year.
Interestingly, the earnings estimate hasn’t changed much in the last month. This shows that analysts are sticking to their guns about what they think will happen.
Before earnings come out, it’s smart to look at how estimates have shifted. This can give you a good idea of how investors might react to the stock. Research shows that changes in earnings estimates often correlate with how a stock performs in the short term.
While many investors look at overall earnings and revenue estimates, digging into specific metrics can really help understand the business’s performance.
For Byline Bancorp, analysts are predicting a ‘Net Interest Margin’ of 3.9%, down from 4.1% last year. They also expect the ‘Efficiency Ratio’ to be 55.4%, which is higher than the 51.6% reported last year.
Analysts think the ‘Average Balance – Total interest-earning assets’ will hit about $8.85 billion, up from $8.39 billion a year ago. For ‘Total Non-Interest Income,’ the estimate is $14.25 million, slightly lower than last year’s $14.50 million.
As for ‘Net Interest Income,’ it’s expected to be around $86.07 million, a small drop from $86.29 million last year. They also predict ‘Net gains on sales of loans’ will come in at $5.64 million, up from $5.48 million last year.
Byline Bancorp shares have dipped 2.4% over the past month, while the S&P 500 has only dropped 0.4%. With a Zacks Rank of #2 (Buy), analysts believe BY could outperform the market soon.