Byline Interest Income vs Income Before Tax Analysis

BY Stock  USD 23.68  0.10  0.42%   
Byline Bancorp financial indicator trend analysis is way more than just evaluating Byline Bancorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Byline Bancorp is a good investment. Please check the relationship between Byline Bancorp Interest Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Byline Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Byline Stock please use our How to Invest in Byline Bancorp guide.

Interest Income vs Income Before Tax

Interest Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Byline Bancorp Interest Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Byline Bancorp's Interest Income and Income Before Tax is 0.95. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Byline Bancorp, assuming nothing else is changed. The correlation between historical values of Byline Bancorp's Interest Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Byline Bancorp are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Interest Income i.e., Byline Bancorp's Interest Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Byline Bancorp income statement and is an important metric when analyzing Byline Bancorp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Byline Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Byline Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Byline Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Byline Stock please use our How to Invest in Byline Bancorp guide.At this time, Byline Bancorp's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 1.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 95.1 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Income248.9M301.6M437.2M246.5M
Net Interest Income236.4M265.3M320.4M210.5M

Byline Bancorp fundamental ratios Correlations

0.890.550.550.97-0.820.96-0.880.810.930.60.940.610.6-0.130.790.160.940.97-0.790.960.860.810.70.92-0.77
0.890.290.290.94-0.740.96-0.90.990.820.370.740.360.4-0.080.670.370.810.92-0.80.910.770.620.570.92-0.54
0.550.291.00.47-0.450.41-0.420.20.740.990.571.00.97-0.150.33-0.660.520.45-0.350.480.380.750.890.38-0.94
0.550.291.00.47-0.450.41-0.420.20.740.990.571.00.97-0.150.33-0.660.520.45-0.350.480.380.750.890.38-0.94
0.970.940.470.47-0.791.0-0.860.880.890.540.860.540.57-0.10.680.220.850.99-0.840.980.840.70.720.97-0.68
-0.82-0.74-0.45-0.45-0.79-0.780.76-0.7-0.81-0.48-0.67-0.53-0.460.63-0.68-0.33-0.78-0.810.66-0.86-0.95-0.72-0.59-0.730.67
0.960.960.410.411.0-0.78-0.880.910.860.470.840.480.51-0.10.690.290.850.98-0.850.970.830.680.670.97-0.63
-0.88-0.9-0.42-0.42-0.860.76-0.88-0.84-0.9-0.47-0.84-0.48-0.50.13-0.88-0.25-0.89-0.840.75-0.85-0.75-0.85-0.56-0.830.68
0.810.990.20.20.88-0.70.91-0.840.730.270.610.270.31-0.110.560.430.720.86-0.760.850.710.510.510.87-0.43
0.930.820.740.740.89-0.810.86-0.90.730.790.880.790.79-0.190.77-0.070.890.87-0.730.890.770.930.820.82-0.92
0.60.370.990.990.54-0.480.47-0.470.270.790.620.990.97-0.090.37-0.630.570.52-0.410.540.40.770.880.44-0.95
0.940.740.570.570.86-0.670.84-0.840.610.880.620.620.610.060.860.030.930.86-0.710.840.730.860.620.82-0.78
0.610.361.01.00.54-0.530.48-0.480.270.790.990.620.97-0.190.39-0.590.580.52-0.420.550.470.790.920.44-0.96
0.60.40.970.970.57-0.460.51-0.50.310.790.970.610.97-0.10.36-0.620.570.52-0.50.550.40.760.920.5-0.93
-0.13-0.08-0.15-0.15-0.10.63-0.10.13-0.11-0.19-0.090.06-0.19-0.1-0.13-0.22-0.14-0.10.04-0.2-0.5-0.18-0.2-0.030.2
0.790.670.330.330.68-0.680.69-0.880.560.770.370.860.390.36-0.130.260.890.68-0.530.680.680.860.340.63-0.61
0.160.37-0.66-0.660.22-0.330.29-0.250.43-0.07-0.630.03-0.59-0.62-0.220.260.120.27-0.250.280.43-0.16-0.390.280.42
0.940.810.520.520.85-0.780.85-0.890.720.890.570.930.580.57-0.140.890.120.84-0.680.840.780.860.580.8-0.77
0.970.920.450.450.99-0.810.98-0.840.860.870.520.860.520.52-0.10.680.270.84-0.840.990.860.690.680.96-0.67
-0.79-0.8-0.35-0.35-0.840.66-0.850.75-0.76-0.73-0.41-0.71-0.42-0.50.04-0.53-0.25-0.68-0.84-0.87-0.7-0.56-0.57-0.940.54
0.960.910.480.480.98-0.860.97-0.850.850.890.540.840.550.55-0.20.680.280.840.99-0.870.90.710.70.96-0.69
0.860.770.380.380.84-0.950.83-0.750.710.770.40.730.470.4-0.50.680.430.780.86-0.70.90.670.590.78-0.6
0.810.620.750.750.7-0.720.68-0.850.510.930.770.860.790.76-0.180.86-0.160.860.69-0.560.710.670.70.62-0.91
0.70.570.890.890.72-0.590.67-0.560.510.820.880.620.920.92-0.20.34-0.390.580.68-0.570.70.590.70.63-0.87
0.920.920.380.380.97-0.730.97-0.830.870.820.440.820.440.5-0.030.630.280.80.96-0.940.960.780.620.63-0.59
-0.77-0.54-0.94-0.94-0.680.67-0.630.68-0.43-0.92-0.95-0.78-0.96-0.930.2-0.610.42-0.77-0.670.54-0.69-0.6-0.91-0.87-0.59
Click cells to compare fundamentals

Byline Bancorp Account Relationship Matchups

Byline Bancorp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.5B6.4B6.7B7.4B9.0B6.0B
Short Long Term Debt Total527.3M757.7M630.1M751.4M553.8M549.4M
Other Current Liab(3.7M)(1.5M)(262K)(4.5M)6.0B6.3B
Total Current Liabilities3.7M1.5M262K4.5M6.4B6.7B
Total Stockholder Equity750.1M805.5M836.4M765.8M990.2M712.3M
Other Liab43.9M46.1M1.4M4.2M3.8M3.6M
Net Tangible Assets559.4M622.4M660.4M606.9M698.0M510.8M
Property Plant And Equipment Net96.1M86.7M62.5M56.8M79.1M70.4M
Net Debt446.6M674.3M472.2M572.1M327.6M427.3M
Retained Earnings159.0M191.1M271.7M335.8M429.0M450.5M
Accounts Payable3.7M1.5M262K4.5M22.2M23.3M
Cash80.7M83.4M157.9M179.4M226.1M122.1M
Non Current Assets Total1.5B1.7B1.7B1.4B8.7B9.1B
Non Currrent Assets Other(59.4M)(59.9M)(60.3M)(108.7M)8.0B8.4B
Other Assets2.5B2.7B2.9B4.0B3.6B3.0B
Long Term Debt37.3M109.8M630.1M751.4M487.7M263.2M
Cash And Short Term Investments1.3B1.5B1.6B1.4B226.1M214.8M
Net Receivables236.9M443.4M474.8M717.2M736.8M407.3M
Common Stock Total Equity379K384K387K389K350.1K332.6K
Common Stock Shares Outstanding38.0M38.3M38.4M37.5M40.4M37.2M
Short Term Investments1.2B1.4B1.5B1.2B1.3B1.1B
Long Term Debt Total37.3M109.8M630.1M751.4M864.1M907.3M
Liabilities And Stockholders Equity5.5B6.4B6.7B7.4B9.0B6.0B
Non Current Liabilities Total527.3M757.7M630.1M4.5M1.6B1.7B
Capital Surpluse581.0M587.2M593.8M598.3M688.0M453.9M
Inventory(119.3M)(123.5M)(188.1M)(382.1M)(963.0M)(914.8M)
Other Current Assets119.3M123.5M188.1M222.6M275.7M262.0M
Other Stockholder Equity581.0M585.5M562.2M547.2M660.8M473.9M
Total Liab4.8B5.6B5.9B6.6B8.0B5.3B
Long Term Investments1.2B5.7B1.5B1.2B1.4B1.8B
Property Plant And Equipment Gross96.1M86.7M107.3M102.8M112.5M111.9M
Total Current Assets1.5B2.0B2.1B1.9B275.7M262.0M
Accumulated Other Comprehensive Income(700K)18.0M(8.3M)(117.6M)(100.1M)(95.1M)
Short Term Debt539.6M276.0M524.0M643.8M369.4M343.5M
Intangible Assets31.9M24.3M17.2M10.5M21.8M17.6M
Common Stock379K384K387K389K451K428.5K
Property Plant Equipment96.1M86.7M62.5M56.8M51.1M71.2M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Byline Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Byline Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Byline Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Byline Bancorp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Byline Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Byline Stock please use our How to Invest in Byline Bancorp guide.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Byline Stock analysis

When running Byline Bancorp's price analysis, check to measure Byline Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Byline Bancorp is operating at the current time. Most of Byline Bancorp's value examination focuses on studying past and present price action to predict the probability of Byline Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Byline Bancorp's price. Additionally, you may evaluate how the addition of Byline Bancorp to your portfolios can decrease your overall portfolio volatility.
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Is Byline Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Byline Bancorp. If investors know Byline will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Byline Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.094
Dividend Share
0.36
Earnings Share
2.73
Revenue Per Share
8.808
Quarterly Revenue Growth
0.165
The market value of Byline Bancorp is measured differently than its book value, which is the value of Byline that is recorded on the company's balance sheet. Investors also form their own opinion of Byline Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Byline Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Byline Bancorp's market value can be influenced by many factors that don't directly affect Byline Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Byline Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Byline Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Byline Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.