Byline Bancorp, Inc. (NYSE:BY) Q4 2022 Earnings Call Transcript

Brian Martin: Got you. Okay, that’s helpful, Alberto. Maybe this last one, just, I think Tom talked about the ability to improve operating leverage, even with investing in the bank. I mean I guess, given where you’re at today, and the expectation, it sounds as though that’s even with the NII trajectory, kind of trending up each quarter in €˜23. The expectation would be that that you’d be able to improve full year operating leverage or efficiency as you get into €˜23, over €˜22. Is that kind of the expectation today?

Alberto Paracchini: Hope so. We hope so. I certainly hope so.

Brian Martin: Got you. Okay. And then maybe the last one just was on the buyback, given you didn’t do much in the fourth quarter Inland being real closing in the capital levels where they are, I mean, would your expectation be a bit more assertive going forward based or maybe not assertive, but more opportunistic based on depending on where the pricings at.

Alberto Paracchini: It’s always a consideration, and it’s just one of the, call it the tools in the toolbox, Brian, so we tend to look at capital management in the context of certainly dividends, buybacks, and then opportunities for growth organically and through acquisition. So it’s something that we revisit frequently, given what’s in front of us, and I think the plan is to continue to doing that going forward. This concludes our question-and-answer session for today’s call. I will now pass back to Mr. Paracchini for closing remarks. Thank you.

Alberto Paracchini: So thank you, Forem. So that concludes our call this morning. On behalf of all of us here, thank you for your time today and your interest in Byline. And we look forward to speaking to you next quarter. Goodbye.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect your line.