Byline Bancorp, Inc. (NYSE: BY)

Byline Bancorp, Inc., commonly known as BY, is a bank holding company that operates in the financial services industry. Its primary subsidiary, Byline Bank, offers a comprehensive range of commercial banking services, including lending to small and medium-sized businesses, real estate, and financial sponsors. The company is headquartered in Chicago, Illinois, and maintains a strong presence in the Chicago metropolitan area, with 47 branches, as well as one branch in Wauwatosa, Wisconsin.

As a leading community bank in the Chicago area, Byline Bancorp is engaged in various primary business activities. These include commercial banking, which encompasses lending to small and medium-sized businesses, real estate, and financial sponsors. Additionally, the company provides a diverse array of deposit products, catering to the needs of its customers, which include small and medium-sized businesses, commercial real estate, and financial sponsors. Furthermore, Byline Bancorp offers trust and wealth management services, providing investment, fiduciary, and executor services to its customers.

The company's commercial banking segment is subdivided into several groups, including commercial and industrial lending, commercial real estate lending, sponsor finance, and syndications. The commercial and industrial lending group focuses on small and lower middle market businesses with up to $100 million in annual revenue. Meanwhile, the commercial real estate lending group offers financing for experienced real estate professionals. The sponsor finance group provides senior secured financing solutions to private equity-backed lower middle market companies. Lastly, the syndications group participates in syndicated loans and purchases whole loans and participations from lead banks.

Byline Bancorp's deposit products are tailored to meet the needs of its diverse customer base. These products include non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits. Customers can access these deposit products through Byline Bank's branch network, online account opening, and mobile banking platforms.

In terms of competition, Byline Bancorp faces other financial holding companies, commercial banks, internet banks, savings and loan associations, fintech companies, credit unions, and other providers of financial services and products. However, the company differentiates itself through its local presence, strong relationships with its customers, and diversified lending and deposit products.

Byline Bancorp's competitive advantages stem from its local presence, strong relationships with its customers, and diversified lending and deposit products. The company's ability to originate loans and leases across a range of industries and product types enables it to maintain a diversified loan and lease portfolio. This, in turn, allows Byline Bancorp to efficiently manage its credit exposures and capitalize on more lending opportunities.

The company's customer base comprises small and medium-sized businesses, commercial real estate, financial sponsors, and consumers. Byline Bancorp's customer acquisition strategy revolves around building relationships with its customers, providing personalized service, and offering a wide array of banking products and services tailored to meet their needs.