Byline Bancorp falls after $106 million secondary offering

Byline Bancorp

11/06/2025 17:10

** Shares of regional lender Byline Bancorp BY.N fall 4.5% to $25.53

** BY late Tuesday announced pricing of secondary offering of nearly 4.3 million shares

** Selling shareholders, including the estate of Daniel Goodwin and Equity Shares Investors — an affiliate of the estate, raised $106 million in the offering

** Offering priced at $24.75 apiece, a 7.4% discount to stock's last close

 ** Goodwin was previously the chairman of Inland Bancorp, which was sold to Byline Bancorp in 2023

** J.P.Morgan was the sole underwriter for the secondary offering

** Concurrently, BY had said it would buy $10 million of the shares from the underwriter as part of the secondary offering

** Three of 6 brokerages rate the stock "buy" or higher and 3 "hold"; median PT $32 - data compiled by LSEG

** As of last close, BY shares down 7.9% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))