Byline Bancorp (FRA:44F) Effective Interest Rate on Debt % : 31.45% (As of Mar. 2024)

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What is Byline Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Byline Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €194.2 Mil. Byline Bancorp's average total debt for the quarter that ended in Mar. 2024 was €617.6 Mil. Therefore, Byline Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 31.45%.

Byline Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Byline Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Byline Bancorp Effective Interest Rate on Debt % Chart

Byline Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.92

5.27

2.68

5.46

23.16

Byline Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.00	17.82	24.17	29.23	31.45

Competitive Comparison of Byline Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Byline Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Byline Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Byline Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Byline Bancorp's Effective Interest Rate on Debt % falls into.

Byline Bancorp Effective Interest Rate on Debt % Calculation

Byline Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -136.502	/	( (708.396	+	470.576)	/ 2 )
=	-1 * -136.502	/	589.486
=	23.16 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	708.396	+	0
=	708.396

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	460.26	+	10.316
=	470.576

Byline Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -194.232	/	( (470.576	+	764.652)	/ 2 )
=	-1 * -194.232	/	617.614
=	31.45 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	460.26	+	10.316
=	470.576

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	764.652	+	0
=	764.652

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Byline Bancorp (FRA:44F) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Byline Bancorp Effective Interest Rate on Debt % Related Terms

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Byline Bancorp (FRA:44F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Byline Bancorp Inc (FRA:44F) » Definitions » Effective Interest Rate on Debt %

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BY:USA

Address

180 North LaSalle Street, Suite 300, Chicago, IL, USA, 60601

Website

https://www.bylinebancorp.com

Byline Bancorp Inc is the holding company for Byline Bank, a full-service commercial bank serving small-and-medium-sized businesses, financial sponsors, and consumers. The company offers a broad range of banking products and services to small and medium sized businesses, commercial real estate and online account opening to consumer and business. Also provide trust and wealth management services to our customers. In addition to traditional commercial banking business, company provide small ticket equipment leasing solutions through Byline Financial Group, a wholly-owned subsidiary of Byline Bank.

Byline Bancorp (FRA:44F) Headlines

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