CHICAGO (AP) _ Byline Bancorp Inc. (BY) on Thursday reported fourth-quarter net income of $12.3 million.

The bank, based in Chicago, said it had earnings of 31 cents per share. Earnings, adjusted for asset impairment costs, were 38 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The bank holding company posted revenue of $77.6 million in the period. Its revenue net of interest expense was $73.7 million, which also beat Street forecasts.

For the year, the company reported profit of $37.5 million, or 96 cents per share. Revenue was reported as $277 million.

Byline Bancorp shares have declined 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.98, a decrease of 26% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BY at https://www.zacks.com/ap/BY

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