Byline Bancorp, Inc. (NYSE:BY) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET

Company Participants

Brooks Rennie - Head, IR

Alberto Paracchini - President

Roberto Herencia - Chairman and CEO

Tom Bell - CFO and Treasurer

Mark Fucinato - Chief Credit Officer

Conference Call Participants

Terry McEvoy - Stephens

Nathan Race - Piper Sandler

David Long - Raymond James

Brian Martin - Janney

Operator

Good morning and welcome to the Byline Bancorp's Third Quarter 2022 Earnings Call. My name is Amber and I will be your conference operator today. [Operator Instructions] Please note the conference call is being recorded.

At this time, I would like to introduce Brooks Rennie, Head of Investor Relations for Byline Bancorp to begin the conference call.

Brooks Rennie

Thank you, Amber. Good morning, everyone and thank you for joining us today for the Byline Bancorp Third Quarter 2022 Earnings Call. In accordance with Regulation FD, this call is being recorded and is available via webcast on our Investor Relations website along with our earnings release and the corresponding presentation slides.

Management would like to remind everyone that certain statements made on today's call involve projections or other forward-looking statements regarding future events or the future financial performance of the Company. We caution that such statements are subject to certain risks, uncertainties and other factors that could cause actual results to differ materially from those discussed. The Company's risk factors are disclosed and discussed in its SEC filings.

In addition, certain slides contain and we may refer to non-GAAP measures, which are intended to supplement but not substitute for the most directly comparable GAAP measures, reconciliation for these numbers can be found within the appendix of the earnings release. For additional information about risks and uncertainties, please see the forward-looking statements and non-GAAP financial measures disclosures in the earnings release.

I would now like to turn the conference call over to Alberto Paracchini, President of Byline Bancorp.

Alberto Paracchini

Thanks, Brooks and good morning to everyone on the call.

Joining me this morning our Chairman and CEO, Roberto Herencia; our CFO and Treasurer Tom Bell; and our Chief Credit Officer, Mark Fucinato. Before we get going here, I'd like to welcome Tom to his first earnings call as CFO of Byline. Welcome, Tom.

Starting with financial highlights on Slide 3 of the deck, as you've seen by now, we delivered another strong quarter, highlighted by higher earnings, strong loan growth, positive operating leverage, solid profitability and stable asset quality. For the quarter, we generated net income of $22.7 million or $0.61 per diluted share, which compared favorably to the $0.54 we earned last quarter.