Byline Bancorp, Inc. Common Stock (BY)

Competitors to Byline Bancorp, Inc. Common Stock (BY)

First Midwest Bancorp, Inc.

First Midwest Bancorp competes with Byline Bancorp primarily in the Midwest banking sector, offering a similar range of financial services including personal banking, commercial loans, and wealth management. Both banks target local businesses and individual consumers, but First Midwest has a larger footprint and more resources, allowing it to leverage economies of scale in its operations. This scale offers them a competitive advantage in pricing and service offerings, enabling them to attract a broader customer base.

Huntington Bancshares Incorporated 

Huntington Bancshares competes with Byline Bancorp in the regional banking landscape but at a much larger scale. With a broader array of services and a well-established distribution network, they can offer competitive rates and an extensive suite of digital banking options. Their size and ability to invest in technology platforms give them a critical advantage in the evolving banking environment, making it challenging for Byline Bancorp to compete on similar terms without significant investment.

Old Second Bancorp, Inc. 

Old Second Bancorp serves much of the same customer base as Byline Bancorp, focusing on both retail and business banking within Illinois. They compete through product differentiation, specifically in their customer service approaches and niche market focus. Old Second emphasizes community involvement and personalized services, which has helped them build a loyal customer base. While they have a competitive offering, Byline Bancorp's ability to offer a more extensive product suite gives them an edge in versatility.

Wintrust Financial Corporation 

Wintrust Financial is a larger competitor that operates across multiple states, providing extensive banking services that overlap with Byline Bancorp's offerings. Wintrust distinguishes itself through its strong capital position, greater brand recognition, and diversified revenue streams, including insurance and mortgage services. Their established presence provides them with a significant competitive advantage in securing larger clients and expanding market share compared to Byline Bancorp's more localized approach.