Byline Bancorp, Inc. Financial Ratios — BY Stock

Profitability	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Return on Common Equity (%)	- -	24.68	4.91	49.12	42.87	20.91	39.69	28.86	28.18	25.06
Return on Assets (%)	- -	2.31	0.65	0.99	1.09	0.63	1.42	1.25	1.33	1.31
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	9.79	7.15	4.9	2.51	2.43	2.41	1.97	1.34	1.18	1.25
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-16.35	4.86	24.2	24.99	29.37	19.19	40.91	35.81	37.98	39.92
Profit Margin (%)	-16.69	59.16	12.87	18.57	21.66	13.91	30.56	27.47	28.12	29.92
Net Income to Common Margin (%)	-16.69	59.16	6.18	18.22	21.36	13.62	30.3	27.4	28.12	29.92
Effective Tax Rate (%)	- -	- -	46.82	25.7	26.25	27.48	25.3	23.31	25.95	25.03
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	15.57	12.25	15.27	13.52	13.12
Sustainable Growth Rate (%)	- -	24.68	4.91	49.12	42.87	17.65	34.83	24.45	24.37	21.77

Credit	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Debt	63	361	389	462	527	344	616	750	513	743
LT Debt	63	341	389	462	527	344	616	750	502	743
ST Debt	- -	21	- -	- -	- -	- -	- -	- -	11	- -
Total Debt/EBITDA	7.14	44.81	47.07	82.77	82.54	53.03	102.83	175	113.31	147.59
Net Debt/EBITDA	2.03	39.04	40.01	60.93	69.9	40.16	73.86	129.82	60.23	33.48
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	7.18	11.01	1.83	2.08	2.89	3	4.06	4.57	4.84	5.63
Long-Term Debt/Equity (%)	33.31	89.02	84.86	70.97	70.3	42.68	73.66	97.99	50.69	68.03
Long-Term Debt/Capital (%)	24.53	45.44	84.37	80.3	75.64	63	68.56	69.06	53.25	58.15
Long-Term Debt/Total Assets (%)	2.53	10.34	11.56	9.34	9.55	5.38	9.2	10.19	5.65	7.82
Total Debt/Equity (%)	33.31	94.42	84.86	70.97	70.3	42.68	73.66	97.99	51.83	68.03
Total Debt/Capital (%)	24.53	48.19	84.37	80.3	75.64	63	68.56	69.06	54.44	58.15
Total Debt/Total Assets (%)	2.53	10.96	11.56	9.34	9.55	5.38	9.2	10.19	5.78	7.82
Net Debt to Equity	9.47	82.26	72.14	52.24	59.54	32.33	52.91	72.69	27.55	15.43
Net Debt/Capital (%)	8.46	44.77	82.11	75	72.45	56.32	59.75	61.36	38.07	23.6
EBITDA	9	8	8	6	6	6	6	4	5	5
EBITDA-CapEx	5	2	6	3	2	3	4	1	1	1
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	7.18	11.01	1.83	2.08	2.89	3	4.06	4.57	4.84	5.63
Long-Term Debt/Equity (%)	33.31	89.02	84.86	70.97	70.3	42.68	73.66	97.99	50.69	68.03
Long-Term Debt/Capital (%)	24.53	45.44	84.37	80.3	75.64	63	68.56	69.06	53.25	58.15
Long-Term Debt/Total Assets (%)	2.53	10.34	11.56	9.34	9.55	5.38	9.2	10.19	5.65	7.82
Total Debt/Equity (%)	33.31	94.42	84.86	70.97	70.3	42.68	73.66	97.99	51.83	68.03
Total Debt/Capital (%)	24.53	48.19	84.37	80.3	75.64	63	68.56	69.06	54.44	58.15
Total Debt/Total Assets (%)	2.53	10.96	11.56	9.34	9.55	5.38	9.2	10.19	5.78	7.82
CFO/Total Liabilities	-1.9	0.15	0.92	1.86	0.61	1.95	1.27	3.34	2.1	2.08
CFO/CapEx	-10.82	0.71	10.58	31.01	6.87	27.85	33.29	60.65	43.01	43.88
Altman's Z-Score	0.03	0.06	0.2	0.15	0.18	0.15	0.2	0.18	0.18	0.21

Working Capital	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Accounts Receivable Turnover	- -	18.51	23.19	23.94	21.8	15.86	15.35	13.15	10.4	9.54
Days Sales Outstanding	- -	19.71	15.74	15.25	16.75	23.02	23.78	27.75	35.08	38.25
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Market Capitalization	- -	- -	575	514	678	551	978	820	926	1,256
- Cash & Cash Equivalents	45	47	58	122	81	83	158	179	226	563
+ Preferred Equity and Hybrid Capital	15	25	10	10	10	10	10	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	63	361	389	462	527	344	616	750	513	743
Enterprise Value	-735	-268	333	47	-51	-625	-8	216	-129	269
Total Capital	256	750	461	575	697	546	899	1,087	943	1,277
Total Debt/Capital (%)	24.53	48.19	84.37	80.3	75.64	63	68.56	69.06	54.44	58.15
Total Debt / EV	-0.09	-1.35	1.17	9.81	-10.28	-0.55	-75.77	3.47	-3.97	2.76
EV/Sales	- -	- -	1.97	0.21	- -	- -	- -	0.68	- -	0.67
EV/EBITDA	- -	- -	40.23	8.44	- -	- -	- -	50.45	- -	53.46
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	12.39	0.59	- -	- -	- -	0.98	- -	1.54
EV/Free Cash Flow to Firm	- -	- -	11.32	0.57	- -	- -	- -	0.97	- -	1.5
Diluted Market Cap	- -	- -	587	528	691	556	998	831	936	1,267
Diluted Enterprise Value	33	340	928	879	1,148	826	1,466	1,402	1,223	1,447
EV per Share	- -	- -	12.34	1.41	- -	- -	- -	5.85	- -	6.19
TTM Sales	90	113	169	222	263	269	304	320	384	404
TTM EBITDA	9	8	8	6	6	6	6	4	5	5
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-43	4	27	80	29	109	74	220	166	175
TTM Free Cash Flow to Firm	-39	10	29	83	34	113	77	224	170	179

Multiples	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Price/Earnings	- -	- -	55.15	12.73	12.06	15.03	10.63	9.34	8.59	10.4
Price/Earnings Average	- -	- -	49.93	16.86	11.44	13.4	8.85	9.75	7.53	8.86
Price/Earnings High	- -	- -	61.21	20.43	13.65	21.49	11.65	12.28	9.65	11.83
Price/Earnings Low	- -	- -	49.23	12.68	10.91	8.43	5.96	8.49	6.09	7.09
Price/Book Value	- -	- -	9.32	5	4.25	2.88	3.59	2.44	2.16	2.35
Price/Book Value Average	- -	- -	8.44	6.62	4.03	2.57	2.99	2.55	1.89	2
Price/Book Value High	- -	- -	10.35	8.03	4.81	4.12	3.94	3.21	2.42	2.67
Price/Book Value Low	- -	- -	8.32	4.98	3.85	1.61	2.02	2.22	1.53	1.6
Price/Tangible Book Value	- -	- -	1.52	1.07	1.21	0.89	1.48	1.35	1.18	1.41
Price/Tangible Book Value Average	- -	- -	1.38	1.42	1.15	0.79	1.23	1.41	1.03	1.2
Price/Tangible Book Value High	- -	- -	1.69	1.73	1.37	1.27	1.62	1.78	1.32	1.6
Price/Tangible Book Value Low	- -	- -	1.36	1.07	1.1	0.5	0.83	1.23	0.83	0.96
Price/Sales	- -	- -	3.41	2.32	2.58	2.05	3.22	2.56	2.41	3.11
Price/Sales Average	- -	- -	3.09	3.07	2.44	1.83	2.68	2.67	2.12	2.65
Price/Sales High	- -	- -	3.78	3.72	2.92	2.93	3.53	3.37	2.71	3.54
Price/Sales Low	- -	- -	3.04	2.31	2.33	1.15	1.81	2.33	1.71	2.12
Price/Cash Flow	- -	- -	21.4	6.43	23.13	5.06	13.14	3.72	5.58	7.17
Price/Cash Flow Average	- -	- -	19.37	8.52	21.94	4.51	10.94	3.88	4.89	6.11
Price/Cash Flow High	- -	- -	23.75	10.33	26.18	7.23	14.4	4.89	6.27	8.16
Price/Cash Flow Low	- -	- -	19.1	6.41	20.93	2.84	7.37	3.38	3.95	4.89
Price/Free Cash Flow	- -	- -	19.97	6.4	20.57	4.92	13.01	3.71	5.51	7.07
Price/Free Cash Flow Average	- -	- -	18.08	8.48	19.51	4.38	10.83	3.87	4.83	6.03
Price/Free Cash Flow High	- -	- -	22.17	10.28	23.28	7.03	14.26	4.88	6.19	8.05
Price/Free Cash Flow Low	- -	- -	17.83	6.38	18.61	2.76	7.3	3.37	3.9	4.82
EV/Sales	- -	- -	1.97	0.21	- -	- -	- -	0.68	- -	0.67
EV/Sales Average	0.37	3.02	5.11	4.65	4.18	2.83	4.22	4.46	2.86	3.1
EV/Sales High	0.37	3.02	5.81	5.3	4.65	3.93	5.07	5.15	3.46	3.99
EV/Sales Low	0.37	3.02	5.07	3.89	4.07	2.15	3.35	4.11	2.46	2.57
EV/EBITDA	- -	- -	40.23	8.44	- -	- -	- -	50.45	- -	53.46
EV/EBITDA Average	3.74	42.19	104.2	184.91	172.18	117.58	214.08	332.76	242.63	248.27
EV/EBITDA High	3.74	42.19	118.41	210.79	191.65	163.38	257.06	384.52	293.27	319.71
EV/EBITDA Low	3.74	42.19	103.31	154.64	167.55	89.47	169.8	306.92	208.38	205.79
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	21.31	15.45	18.18	14.5	26	22.17	23.13	28.9
High Price	- -	- -	23.65	24.8	20.58	20.73	28.49	29.15	26	32.89
Low Price	- -	- -	19.02	15.39	16.45	8.13	14.59	20.15	16.4	19.7
Enterprise Value	-735	-268	333	47	-51	-625	-8	216	-129	269
Enterprise Value Average	33	340	861	1,032	1,100	762	1,283	1,427	1,099	1,249
Enterprise Value High	33	340	979	1,176	1,224	1,059	1,540	1,649	1,328	1,608
Enterprise Value Low	33	340	854	863	1,070	580	1,017	1,316	944	1,035

Per Share Data Items	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Shares Outstanding	28	28	29	36	38	39	38	37	44	44
Diluted Weighted Avg Shares	25	25	28	34	38	38	38	37	40	44
Basic Weighted Avg Shares	25	25	27	33	37	38	38	37	40	43
Revenue per Share	3.64	4.58	6.25	6.66	7.06	7.08	8.07	8.66	9.58	9.29
EBITDA per Share	0.36	0.33	0.31	0.17	0.17	0.17	0.16	0.12	0.11	0.12
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	-0.61	2.71	0.39	1.21	1.51	0.96	2.45	2.37	2.69	2.78
Basic EPS from Cont Ops	-0.61	2.71	0.8	1.24	1.53	0.99	2.47	2.38	2.69	2.78
Diluted EPS, GAAP	-0.6	2.66	0.38	1.18	1.48	0.96	2.4	2.34	2.67	2.75
Diluted EPS from Cont Ops	-0.6	2.66	0.79	1.2	1.5	0.98	2.42	2.35	2.67	2.75
Dividend per Share	- -	- -	0.42	0.02	0.02	0.17	0.32	0.37	0.36	0.36
Cash Flow per Share	-1.76	0.17	1	2.4	0.79	2.87	1.98	5.96	4.15	4.03
Free Cash Flow per Basic Share	-1.93	-0.07	0.9	2.32	0.67	2.76	1.92	5.86	4.05	3.94
Cash & Equivalents per Share	32.98	26.58	23.79	28.22	33.98	40.25	42.87	36.62	39.17	39.8
Book Value per Share	7.22	14.73	2.29	3.09	4.27	5.03	7.23	9.09	10.73	12.3
Tangible Book Value per Share	5.08	11.58	13.98	14.38	15	16.37	17.56	16.42	19.64	20.56

Byline Bancorp, Inc.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples

Per Share Data Items