BYLINE BANCORP, INC. — Form 8-K
Filed October 6, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
Byline Bancorp agreed to acquire Illinois State Bancorp (Chicago-based, $617M assets, $471M loans, $511M deposits) for ~$87.9M total consideration: ~1.4M Byline shares plus $28.9M cash to shareholders, plus $5.1M to settle options. Transaction valued at $261.23/share using Byline's $37.63 Oct 5 closing price. Deal adds 4 branches ($617M assets), closes Q1 2027, subject to Illinois State shareholder and regulatory approval.
Why this rating
Transaction represents ~10% of Byline's $874.5M market cap; meaningful M&A expanding Chicago footprint, deposits, branches. Mid-single digit EPS accretion, minimal TBV dilution, strong deposit base attractive. Material but not transformational for acquirer size.
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