byline bancorp holds annual meeting, elects board members

Byline Bancorp, Inc. (NYSE:BY), a $1.19 billion market cap financial institution trading at an attractive P/E ratio of 9.8, conducted its annual meeting of stockholders on Tuesday, June 3, 2025. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics. Approximately 84.07% of the company’s outstanding shares were represented, totaling 38,862,763 shares. The meeting included three proposals, all of which were voted on by shareholders.

The first proposal involved the election of ten directors to serve until the next annual meeting in 2026. All ten nominees were elected. The directors elected include Phillip R. Cabrera, Antonio del Valle Perochena, Roberto R. Herencia, Mary Jo S. Herseth, Margarita Hugues Vélez, Steven P. Kent, William G. Kistner, Alberto J. Paracchini, Pamela C. Stewart, and Carlos Ruiz Sacristán. Each nominee received a majority of votes in favor, with a varying number of votes withheld and broker non-votes. The company maintains a "GOOD" overall Financial Health Score according to InvestingPro analysis, with a current dividend yield of 1.55%.

The second proposal was an advisory vote on the compensation of the company’s named executive officers, which passed with 34,625,475 shares voting in favor, 1,033,093 against, and 423,146 abstentions. Broker non-votes totaled 2,781,049.

The third proposal sought the ratification of Moss Adams LLP as Byline Bancorp’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal was ratified with 38,563,193 shares voting in favor, 264,408 against, and 35,162 abstentions.

The information in this article is based on a press release statement from the company’s recent SEC filing.

In other recent news, Byline Bancorp reported its first-quarter earnings for 2025, surpassing analyst expectations with an earnings per share (EPS) of $0.64, slightly above the forecast of $0.63. The company also achieved a revenue of $103.08 million, exceeding the anticipated $100.82 million. Additionally, Byline Bancorp completed the acquisition of First Security, which is expected to expand its market presence. The company maintained a strong net interest margin of 4.07%, reflecting its stable financial performance. Furthermore, Byline Bancorp extended its revolving credit facility with CIBC (TSX:CM) Bank USA to 2026, ensuring continued access to a $15 million credit line. This extension is part of Byline Bancorp’s strategy to maintain financial flexibility and liquidity. Analysts from Kroll upgraded Byline Bancorp’s credit ratings, highlighting its financial strength. The company’s disciplined approach to financial management and strategic acquisitions has contributed to its robust operational health, despite broader economic uncertainties.

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