Ana Casanueva

Ana Casanueva asked about Byline Bancorp's share repurchase program, specifically if there are plans for a more active program, and how capital is being reinvested. She also inquired about the pricing of new loan originations ($260 million this quarter) relative to the overall portfolio yield of 7.14%.

Answer

President Alberto Paracchini reiterated capital priorities: supporting organic growth, M&A flexibility, a stable dividend, and using buybacks as a safety valve for excess capital at attractive levels. CFO Tom Bell stated that new loan spreads are typically 250-300 basis points over SOFR, with SBA business yielding higher, depending on the asset class.

Ana Casanueva from Hovde Group inquired about Byline Bancorp's capital allocation strategy, specifically asking about the decrease in share repurchases this quarter and thoughts on a more active repurchase program, as well as where new loan originations priced relative to the overall portfolio yield.

Answer

Alberto Paracchini (President) reiterated capital priorities: supporting organic growth, opportunistic M&A, a stable and growing dividend, with share buybacks serving as a safety valve for excess capital when stock is attractively priced. Tom Bell (CFO) stated that new loan spreads are typically 250-300 basis points over SOFR, with SBA business yielding higher.