BYBYLINE BANCORP, INC.
State Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.7B
- Employees
- 1,027
- Net debt / EBITDA
- —
- AI in 10-K
- 1.6
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo108% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo30% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo91% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.6 per 10K words · 49th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.7B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$24M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $93M | $88M | $108M | $121M | $130M | 7.7% |
| Operating cash flow | $74M | $220M | $166M | $175M | $140M | 20% |
| Capex | $2M | $4M | $4M | $4M | $4M | 0.1% |
| Stock-based comp | $4M | $5M | $7M | $8M | $9M | 18% |
| Buybacks | $29M | $17M | $0 | $0 | $24M | |
| Dividends | $11M | $13M | $15M | $16M | $18M | 15% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $103K · 7
- Open-market sells, 12 mo
- $24M · 5
- Net
- −$24M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 203 | 131 |
| FY2024 | — | — | 199 | 127 |
| FY2023 | — | — | 159 | 116 |
| FY2022 | — | — | 153 | 121 |
| FY2021 | — | — | 179 | 133 |