BY Byline Bancorp, Inc. Common Stock
$38.72
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$26–$40
91% of range
Analyst Rating
BUY
14 analysts
Price Target
$43
+12% upside
P/E (TTM)
13.4
ROE
10.6%
Net Profit Margin
29.1%
BY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$38.72
Market Cap
$1.76B
P/E (TTM)
13.4
EPS (TTM)
$2.89
Revenue (TTM)
—
Div Yield
1.0%
ROE
10.6%
Debt/Equity
0.0
52W Range
$26 – $40
BY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$2.89
2016-12-31
→
2025-12-31
Free Cash Flow
$136M
2018-12-31
→
2025-12-31
Margins
29.1%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
BY
Peer Median
P/E (TTM)
13.4
17.4
P/S (TTM)
4.0
2.6
P/B
1.4
0.9
EV / EBITDA
354.7
—
Price / FCF
12.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
BY
Peer Median
Net Profit Margin
29.1%
27.0%
ROA
1.4%
0.92%
ROE
10.6%
8.1%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
BY
Peer Median
Debt / Equity
0.0
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
BY
Peer Median
Revenue YoY
9.7%
—
Revenue CAGR 3Y
11.4%
—
Revenue CAGR 5Y
10.0%
—
EPS YoY
5.1%
—
Net Income YoY
7.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
BY
Peer Median
Payout Ratio
14.0%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
1.0%
Payout Ratio
14.0%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 4, 2026 | $0.1400 |
| May 5, 2026 | $0.1200 |
| Feb. 3, 2026 | $0.1200 |
| Nov. 4, 2025 | $0.1000 |
| Aug. 5, 2025 | $0.1000 |
| May 6, 2025 | $0.1000 |
| Feb. 4, 2025 | $0.1000 |
| Nov. 5, 2024 | $0.0900 |
| Aug. 6, 2024 | $0.0900 |
| May 6, 2024 | $0.0900 |
| Feb. 5, 2024 | $0.0900 |
| Nov. 6, 2023 | $0.0900 |
| Aug. 7, 2023 | $0.0900 |
| May 8, 2023 | $0.0900 |
| Feb. 6, 2023 | $0.0900 |
| Nov. 7, 2022 | $0.0900 |
| Aug. 8, 2022 | $0.0900 |
| May 6, 2022 | $0.0900 |
| Feb. 7, 2022 | $0.0900 |
| Nov. 8, 2021 | $0.0900 |
BY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 3 21.4%
- Buy 7 50.0%
- Hold 4 28.6%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-18
Median
$44.00
Mean
$43.20
← Below all targets
$38.72
Low
$40.00
High
$46.00
Median target
$44.00
+13.7%
Mean target
$43.20
+11.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.05%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.91 | $0.81 | 0.10% |
| March 31, 2026 | $0.83 | $0.77 | 0.06% |
| Dec. 31, 2025 | $0.76 | $0.74 | 0.02% |
| Sept. 30, 2025 | $0.82 | $0.74 | 0.08% |
| June 30, 2025 | $0.66 | $0.64 | 0.02% |
| March 31, 2025 | $0.64 | $0.63 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BY | $1.33B | 10.1 | 9.7% | 29.1% | 10.6% | — |
| DCOM | $1.32B | 12.8 | 19.0% | 556.0% | 7.6% | — |
| FSUN | $1.05B | 10.8 | 8.4% | 23.4% | 8.7% | — |
| STBA | $1.47B | 11.3 | 4.8% | 33.4% | 9.2% | — |
| CASH | — | 9.4 | 5.3% | 22.1% | 22.1% | — |
| CNOB | — | — | — | — | — | — |
| BFC | $1.20B | 16.8 | 10.4% | 41.1% | 11.4% | — |
| QCRH | $1.39B | 11.1 | 46.3% | 34.4% | 11.8% | — |
| RBCAA | — | — | 8.5% | 31.4% | 12.2% | — |
| OBK | — | 15.7 | 9.9% | — | — | — |
| LKFN | $1.44B | 14.2 | 6.1% | 38.4% | 14.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | $149M | $36M | $13M | $24M | $49M | $28M | $14M | $8M | $7M | |
| Interest Income | $572M | $566M | $479M | $302M | $249M | $239M | $265M | $207M | $137M | $98M | $83M | |
| Pretax Income | $173M | $161M | $146M | $115M | $124M | $52M | $77M | $55M | $41M | $5M | $-15M | |
| Income Tax | $43M | $40M | $38M | $27M | $31M | $14M | $20M | $14M | $19M | $-61M | $307.0K | |
| Net Income | $130M | $121M | $108M | $88M | $93M | $37M | $57M | $41M | $22M | $67M | $-15M | |
| EPS (Basic) | $2.90 | $2.78 | $2.69 | $2.37 | $2.45 | $0.96 | $1.51 | $1.21 | $0.39 | $3.31 | $-0.86 | |
| EPS (Diluted) | $2.89 | $2.75 | $2.67 | $2.34 | $2.40 | $0.96 | $1.48 | $1.18 | $0.38 | $3.27 | $-0.86 | |
| Shares (Basic) | 44,798,651 | 43,448,856 | 40,045,208 | 36,972,972 | 37,609,723 | 38,031,250 | 37,290,486 | 33,292,619 | 26,963,517 | 20,141,630 | 17,332,775 | |
| Shares (Diluted) | 45,063,611 | 43,853,939 | 40,445,553 | 37,476,120 | 38,369,067 | 38,312,608 | 37,986,463 | 34,179,754 | 27,547,314 | 20,430,783 | 17,332,775 | |
| EBITDA | $5M | $5M | $5M | $4M | $6M | $6M | $6M | $6M | · | · | · |
Balance Sheet 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $149M | $563M | $226M | $179M | $158M | $83M | $81M | $122M | $58M | $47M | $45M | |
| PP&E (Net) | $58M | $61M | $67M | $57M | $63M | $87M | $96M | $98M | $95M | $102M | · | |
| PP&E (Gross) | · | · | $68M | $63M | $65M | $78M | $78M | $74M | $80M | $62M | · | |
| Accum. Depreciation | $31M | $34M | $33M | $35M | $33M | $34M | $26M | $22M | $30M | $10M | · | |
| Goodwill | $182M | $182M | $182M | $148M | $148M | $148M | $148M | $128M | $55M | $52M | $26M | |
| Intangibles | $19M | $16M | $22M | $11M | $17M | $24M | $32M | $33M | $17M | · | · | |
| Total Assets | $9.65B | $9.50B | $8.88B | $7.36B | $6.70B | $6.39B | $5.52B | $4.94B | $3.37B | $3.30B | · | |
| Short-term Debt | $0 | $12M | $18M | $0 | · | · | $540M | · | · | · | · | |
| Total Liabilities | $8.38B | $8.41B | $7.89B | $6.60B | $5.86B | $5.59B | $4.77B | $4.29B | $2.91B | $2.91B | · | |
| Total Debt | $0 | $12M | $18M | · | · | · | · | · | · | · | · | |
| Common Stock | $471.0K | $455.0K | $451.0K | $389.0K | $387.0K | $384.0K | $379.0K | $361.0K | $292.0K | · | · | |
| Paid-in Capital | $761M | $718M | $710M | $598M | $594M | $587M | $581M | $547M | $392M | $314M | · | |
| Retained Earnings | $646M | $534M | $429M | $336M | $272M | $191M | $159M | $103M | $61M | $51M | · | |
| Treasury Stock | $66M | $47M | $50M | $51M | $32M | $2M | · | · | · | · | · | |
| AOCI | $-73M | $-114M | $-100M | $-118M | $-8M | $-18M | $-700.0K | $-9M | $-5M | $-7M | · | |
| Stockholders' Equity | $1.27B | $1.09B | $990M | $766M | $836M | $805M | $750M | $651M | $459M | $383M | $188M | |
| Liabilities + Equity | $9.65B | $9.50B | $8.88B | $7.36B | $6.70B | $6.39B | $5.52B | $4.94B | $3.37B | $3.30B | · | |
| Shares Outstanding | 45,545,928 | 44,459,584 | 43,764,056 | 37,492,775 | 37,713,903 | 38,618,054 | 38,256,500 | 36,343,239 | 29,317,298 | 24,616,706 | · |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $5M | $5M | $5M | $4M | $6M | $6M | $6M | $6M | $5M | $5M | $6M | |
| Stock-based Comp | $9M | $8M | $7M | $5M | $4M | $3M | $2M | $2M | $1M | $899.0K | $1M | |
| Deferred Tax | $8M | $-3M | $27M | $26M | $-60.0K | $-9M | $-882.0K | $15M | $17M | $-62M | · | |
| Amort. of Intangibles | $6M | $5M | $6M | $7M | $7M | $8M | $8M | $6M | $3M | $3M | $3M | |
| Other Non-cash | $-11M | $44M | $20M | $97M | $-28M | $72M | $-35M | $16M | · | · | · | |
| Operating Cash Flow | $140M | $175M | $166M | $220M | $74M | $109M | $29M | $80M | $27M | $4M | $-43M | |
| CapEx | $4M | $4M | $4M | $4M | $2M | $4M | $4M | $3M | $3M | $6M | $4M | |
| Investing Cash Flow | $-224M | $-331M | $-336M | $-820M | $-236M | $-886M | $-251M | $-369M | $-62M | $-302M | · | |
| Stock Issued | $2M | $5M | $2M | $2M | $2M | $4M | $4M | $3M | $77M | $50M | · | |
| Stock Repurchased | $24M | $0 | $0 | $17M | $29M | $2M | $0 | · | · | · | · | |
| Net Stock Activity | $-22M | $5M | $2M | $-16M | $-27M | $2M | $580.0K | $203.0K | · | · | · | |
| Dividends Paid | $18M | $16M | $15M | $13M | $11M | $6M | $0 | · | · | · | · | |
| Financing Cash Flow | $-331M | $493M | $217M | $621M | $236M | $780M | $180M | $353M | $47M | $299M | · | |
| Net Change in Cash | $-414M | $337M | $47M | $21M | $75M | $3M | $-41M | $64M | $12M | $2M | $-112M | |
| Taxes Paid | · | $12M | $12M | $29M | $35M | $14M | $19M | $4M | $3M | $-250.0K | · | |
| Free Cash Flow | $136M | $171M | $162M | $217M | $72M | $105M | $25M | $77M | · | · | · | |
| Levered FCF | · | · | $52M | $189M | $63M | $88M | $-11M | $56M | · | · | · |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 29.1% | 29.7% | 27.9% | 27.3% | 29.9% | 13.5% | 21.0% | 17.9% | · | · | · | |
| Pretax Margin | 38.8% | 39.6% | 37.6% | 35.5% | 40.0% | 18.6% | 28.4% | 24.1% | · | · | · | |
| EBITDA Margin | 1.0% | 1.2% | 1.2% | 1.3% | 1.9% | 2.3% | 2.4% | 2.4% | · | · | · | |
| ROA | 1.4% | 1.3% | 1.3% | 1.2% | 1.4% | 0.63% | 1.1% | 0.99% | · | · | · | |
| ROE | 10.6% | 11.0% | 11.3% | 11.6% | 11.2% | 4.7% | 7.7% | 6.4% | · | · | · |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | · | · | · | · | · | · | · | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | · | · | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 9.7% | 5.2% | 19.9% | 3.9% | 12.1% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 11.4% | 9.4% | 11.8% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 10.0% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 5.1% | 3.0% | 14.1% | -2.5% | 150.0% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 7.3% | 4.6% | 40.6% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 24.7% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 7.7% | 11.9% | 22.7% | -5.2% | 147.6% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 13.9% | 9.2% | 42.3% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 28.3% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 26.0% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $446M | $407M | $387M | $323M | $311M | $277M | $272M | $228M | $172M | · | · | |
| Net Income TTM | $130M | $121M | $108M | $88M | $93M | $37M | $57M | $41M | $22M | · | · | |
| Market Cap | $1.33B | $1.29B | $1.03B | $861M | $1.03B | $597M | $749M | $605M | · | · | · | |
| Enterprise Value | $1.18B | $738M | $823M | · | · | · | · | · | · | · | · | |
| P/E | 10.1 | 10.5 | 8.8 | 9.8 | 11.4 | 16.1 | 13.2 | 14.1 | 60.4 | · | · | |
| P/S | 3.0 | 3.2 | 2.7 | 2.7 | 3.3 | 2.2 | 2.8 | 2.7 | · | · | · | |
| P/B | 1.0 | 1.2 | 1.0 | 1.1 | 1.2 | 0.7 | 1.0 | 0.9 | · | · | · | |
| P / Tangible Book | 1.2 | 1.4 | 1.3 | 1.4 | 1.5 | 0.9 | · | · | · | · | · | |
| P / Cash Flow | 9.5 | 7.4 | 6.2 | 3.9 | 13.9 | 5.5 | 25.5 | 7.6 | · | · | · | |
| P / FCF | 9.7 | 7.5 | 6.4 | 4.0 | 14.3 | 5.7 | 29.9 | 7.8 | · | · | · | |
| EV / EBITDA | 259.0 | 146.7 | 181.8 | · | · | · | · | · | · | · | · | |
| EV / FCF | 8.6 | 4.3 | 5.1 | · | · | · | · | · | · | · | · | |
| EV / Revenue | 2.6 | 1.8 | 2.1 | · | · | · | · | · | · | · | · | |
| Dividend Yield | 1.4% | 1.2% | 1.4% | 1.6% | 1.1% | 0.96% | 0.00% | · | · | · | · | |
| Earnings Yield | 9.9% | 9.5% | 11.3% | 10.2% | 8.8% | 6.2% | 7.6% | 7.1% | 1.7% | · | · | |
| Payout Ratio | 14.0% | 13.1% | 13.5% | 15.2% | 12.2% | 15.2% | · | · | · | · | · | |
| Annual Payout | $18M | $16M | $15M | $13M | $11M | $6M | $0 | · | · | · | · |
Income Statement 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | · | · | · | · | · | · | $55M | $53M | · | $44M | $31M | $24M | · | $11M | |
| Interest Income | $144M | $142M | $144M | $149M | $145M | $135M | $140M | $146M | $142M | $138M | $136M | $137M | $107M | $100M | $93M | $80M | |
| Pretax Income | $54M | $50M | $47M | $50M | $39M | $37M | $40M | $40M | $40M | $41M | $40M | $38M | $35M | $32M | $29M | $31M | |
| Income Tax | $14M | $12M | $12M | $13M | $9M | $9M | $10M | $10M | $10M | $10M | $10M | $10M | $9M | $8M | $7M | $8M | |
| Net Income | $40M | $38M | $35M | $37M | $30M | $28M | $30M | $30M | $30M | $30M | $30M | $28M | $26M | $24M | $23M | $23M | |
| EPS (Basic) | $0.90 | $0.84 | $0.77 | $0.82 | $0.66 | $0.65 | $0.70 | $0.70 | $0.68 | $0.70 | $0.68 | $0.66 | $0.70 | $0.65 | $0.61 | $0.61 | |
| EPS (Diluted) | $0.90 | $0.83 | $0.77 | $0.82 | $0.66 | $0.64 | $0.68 | $0.69 | $0.68 | $0.70 | $0.68 | $0.65 | $0.70 | $0.64 | $0.61 | $0.61 | |
| Shares (Basic) | 44,596,967 | 44,739,433 | -89,398,770 | 45,102,828 | 45,306,240 | 43,788,353 | -86,686,753 | 43,516,006 | 43,361,516 | 43,258,087 | -76,970,430 | 43,025,927 | 37,034,626 | 36,955,085 | -74,066,957 | 36,851,973 | |
| Shares (Diluted) | 44,789,192 | 45,045,804 | -90,083,640 | 45,372,602 | 45,484,392 | 44,290,257 | -87,581,434 | 43,966,189 | 43,741,840 | 43,727,344 | -77,890,375 | 43,458,110 | 37,337,906 | 37,539,912 | -75,550,129 | 37,371,159 | |
| EBITDA | · | $1M | · | · | · | $1M | · | · | · | $1M | · | · | · | $981.0K | · | · |
Balance Sheet 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $194M | $198M | $149M | $259M | $218M | $421M | $563M | $453M | $730M | $637M | · | $429M | $320M | $284M | · | $216M | |
| PP&E (Net) | $56M | $57M | $58M | $59M | $60M | $60M | $61M | $63M | $64M | $64M | · | $67M | $56M | $56M | · | $59M | |
| Accum. Depreciation | · | · | $31M | · | · | · | $34M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $182M | $182M | $182M | $182M | $182M | $182M | $182M | $182M | $182M | $182M | $182M | $182M | $148M | $148M | $148M | $148M | |
| Intangibles | $16M | $17M | $19M | $20M | $22M | $15M | $16M | $18M | $19M | $20M | · | $23M | $8M | $9M | · | $12M | |
| Total Assets | $9.93B | $9.91B | $9.65B | $9.81B | $9.72B | $9.58B | $9.50B | $9.42B | $9.63B | $9.41B | · | $8.94B | $7.58B | $7.53B | · | $7.28B | |
| Short-term Debt | · | · | $0 | $0 | $0 | $0 | $12M | $13M | $15M | $17M | · | $20M | · | · | · | · | |
| Total Liabilities | $8.63B | $8.63B | $8.38B | $8.57B | $8.53B | $8.45B | $8.41B | $8.33B | $8.60B | $8.40B | · | $8.02B | $6.76B | $6.73B | · | $6.53B | |
| Total Debt | · | · | · | $0 | $0 | $0 | · | $13M | $15M | $17M | · | $20M | · | · | · | · | |
| Common Stock | $471.0K | $471.0K | $471.0K | $471.0K | $471.0K | $455.0K | $455.0K | $454.0K | $452.0K | $452.0K | · | $450.0K | $391.0K | $390.0K | · | $389.0K | |
| Paid-in Capital | $756M | $755M | $761M | $758M | $756M | $713M | $718M | $715M | $711M | $709M | · | $709M | $600M | $598M | · | $597M | |
| Retained Earnings | $713M | $678M | $646M | $616M | $583M | $558M | $534M | $508M | $481M | $456M | · | $403M | $379M | $356M | · | $327M | |
| Treasury Stock | $79M | $71M | $66M | $57M | $57M | $44M | $47M | $48M | $48M | $49M | · | $50M | $50M | $51M | · | $52M | |
| AOCI | $-87M | $-82M | $-73M | $-80M | $-90M | $-96M | $-114M | $-79M | $-111M | $-107M | · | $-142M | $-115M | $-108M | · | $-125M | |
| Stockholders' Equity | $1.30B | $1.28B | $1.27B | $1.24B | $1.19B | $1.13B | $1.09B | $1.10B | $1.03B | $1.01B | $990M | $920M | $814M | $796M | $766M | $748M | |
| Liabilities + Equity | $9.93B | $9.91B | $9.65B | $9.81B | $9.72B | $9.58B | $9.50B | $9.42B | $9.63B | $9.41B | · | $8.94B | $7.58B | $7.53B | · | $7.28B | |
| Shares Outstanding | 45,191,493 | 45,442,851 | 45,545,928 | 45,859,977 | 45,866,649 | 44,675,553 | 44,459,584 | 44,384,706 | 44,180,829 | 44,108,387 | · | 43,719,203 | 37,752,002 | 37,713,427 | · | 37,465,902 |
Cash Flow 19
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $951.0K | $981.0K | $1M | $1M | |
| Stock-based Comp | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | |
| Deferred Tax | $7M | $-740.0K | $6M | $3M | $-1M | $-369.0K | $-7M | $-775.0K | $6M | $-501.0K | $27M | $-56.0K | $-6.0K | $-134.0K | $23M | $-58.0K | |
| Amort. of Intangibles | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $1M | $1M | $2M | $2M | |
| Other Non-cash | · | $14M | · | · | · | $-4M | · | · | · | $29M | · | · | · | $23M | · | · | |
| Operating Cash Flow | $14M | $55M | $59M | $38M | $16M | $28M | $53M | $20M | $40M | $62M | $-5M | $79M | $43M | $49M | $35M | $33M | |
| CapEx | $1M | $458.0K | $516.0K | $381.0K | $1M | $2M | $2M | $649.0K | $731.0K | $512.0K | $1M | $1M | $1M | $281.0K | $304.0K | $656.0K | |
| Investing Cash Flow | $-30M | $-230M | $42M | $-32M | $-16M | $-218M | $-188.0K | $-47M | $-138M | $-147M | $-99M | $-135M | $-21M | $-81M | $-138M | $-81M | |
| Debt Issued | $0 | $13M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Net Debt Issued | · | $13M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stock Issued | $792.0K | $120.0K | $723.0K | $137.0K | $1M | $13.0K | $1M | $2M | $878.0K | $0 | $842.0K | $347.0K | $602.0K | $0 | $579.0K | $0 | |
| Stock Repurchased | $9M | $10M | $10M | $193.0K | $13M | $687.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4M | |
| Net Stock Activity | · | $-10M | · | · | · | $-674.0K | · | · | · | · | · | · | · | $0 | · | · | |
| Dividends Paid | $6M | $5M | $5M | $5M | $5M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | |
| Financing Cash Flow | $11M | $224M | $-211M | $34M | $-203M | $49M | $58M | $-251M | $191M | $495M | $-99M | $165M | $14M | $137M | $66M | $122M | |
| Net Change in Cash | $-5M | $49M | $-110M | $41M | $-203M | $-141M | $111M | $-278M | $94M | $411M | $-203M | $109M | $36M | $105M | $-37M | $74M | |
| Taxes Paid | $30M | $332.0K | · | · | $23M | $325.0K | · | $2M | $568.0K | $406.0K | · | $3M | $3M | $309.0K | $604.0K | $13M | |
| Free Cash Flow | · | $54M | · | · | · | $25M | · | · | · | $62M | · | · | · | $49M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $22M | · | · | · | $31M | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 34.1% | 33.4% | · | 32.1% | 27.2% | 27.4% | · | 29.8% | 29.9% | 30.1% | · | 26.9% | 28.9% | 26.4% | · | 28.0% | |
| Pretax Margin | 45.9% | 44.2% | · | 43.1% | 35.2% | 36.4% | · | 39.3% | 40.4% | 40.2% | · | 36.4% | 39.1% | 35.5% | · | 37.7% | |
| EBITDA Margin | · | 1.0% | · | · | · | 1.1% | · | · | · | 1.3% | · | · | · | 1.1% | · | · | |
| ROA | 0.41% | 0.39% | · | 0.39% | 0.31% | 0.30% | · | 0.33% | 0.34% | 0.36% | · | 0.35% | 0.36% | 0.33% | · | 0.32% | |
| ROE | 3.2% | 3.1% | · | 3.2% | 2.7% | 2.6% | · | 3.0% | 3.2% | 3.4% | · | 3.4% | 3.3% | 3.0% | · | 2.9% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | · | · | · | · |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $456M | $442M | · | $431M | $415M | $405M | · | $407M | $396M | $387M | · | $367M | $338M | $326M | · | $313M | |
| Net Income TTM | $145M | $133M | · | $126M | $118M | $119M | · | $119M | $114M | $109M | · | $101M | $95M | $90M | · | $82M | |
| Market Cap | $1.70B | $1.43B | · | $1.27B | $1.23B | $1.17B | · | $1.19B | $1.05B | $958M | · | $862M | $683M | $815M | · | $759M | |
| Enterprise Value | · | · | · | $1.01B | $1.01B | $747M | · | $749M | $333M | $338M | · | $453M | · | · | · | · | |
| P/E | 11.7 | 10.7 | · | 9.9 | 10.0 | 9.7 | · | 9.8 | 8.7 | 8.1 | · | 7.6 | 7.3 | 9.1 | · | 8.5 | |
| P/S | 3.7 | 3.2 | · | 2.9 | 3.0 | 2.9 | · | 2.9 | 2.7 | 2.5 | · | 2.3 | 2.0 | 2.5 | · | 2.4 | |
| P/B | 1.3 | 1.1 | · | 1.0 | 1.0 | 1.0 | · | 1.1 | 1.0 | 0.9 | · | 0.9 | 0.8 | 1.0 | · | 1.0 | |
| P / Tangible Book | 1.5 | 1.3 | · | 1.2 | 1.2 | 1.3 | · | 1.3 | 1.3 | 1.2 | · | 1.2 | 1.0 | 1.3 | · | 1.3 | |
| P / Cash Flow | · | 26.3 | · | · | · | 43.2 | · | · | · | 15.4 | · | · | · | 16.6 | · | · | |
| P / FCF | · | 26.5 | · | · | · | 46.7 | · | · | · | 15.5 | · | · | · | 16.7 | · | · | |
| EV / EBITDA | · | · | · | · | · | 645.4 | · | · | · | 258.5 | · | · | · | · | · | · | |
| EV / FCF | · | · | · | · | · | 29.8 | · | · | · | 5.5 | · | · | · | · | · | · | |
| EV / Revenue | · | · | · | 2.3 | 2.4 | 1.8 | · | 1.8 | 0.8 | 0.9 | · | 1.2 | · | · | · | · | |
| Earnings Yield | 8.5% | 9.3% | · | 10.1% | 10.0% | 10.4% | · | 10.2% | 11.5% | 12.4% | · | 13.2% | 13.8% | 11.0% | · | 11.8% | |
| Payout Ratio | · | 14.3% | · | · | · | 15.5% | · | · | · | 12.8% | · | · | · | 13.9% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Net Income | $130M | $121M | $108M | $88M | $93M |
| Diluted EPS | $2.89 | $2.75 | $2.67 | $2.34 | $2.40 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $136M | $171M | $162M | $217M | $72M |
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Institutional owners (13F) 220 filers · $639.0M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 40 (+5 vs prior Q) | 11 (-3 vs prior Q) | 68 (+3 vs prior Q) | 55 (+6 vs prior Q) | +459K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LP | $87,664,276 | 2,327,782 | 13.72% | Shares |
| VANGUARD GROUP INC | $45,857,148 | 1,573,144 | 7.18% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $44,876,598 | 1,191,625 | 7.02% | Shares |
| STATE STREET CORP | $41,022,774 | 1,089,293 | 6.42% | Shares |
| AMERICAN CENTURY COMPANIES INC | $38,034,755 | 1,009,951 | 5.95% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $30,370,698 | 806,444 | 4.75% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $26,035,241 | 691,224 | 4.07% | Shares |
| Ararat Capital Management LP | $18,476,335 | 490,609 | 2.89% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $15,977,368 | 424,253 | 2.50% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $13,658,642 | 362,683 | 2.14% | Shares |
| TWO SIGMA INVESTMENTS, LP | $13,184,050 | 350,081 | 2.06% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $10,133,063 | 269,067 | 1.59% | Shares |
| MILLENNIUM MANAGEMENT LLC | $9,437,332 | 250,593 | 1.48% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $9,237,245 | 245,280 | 1.45% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $9,026,010 | 239,671 | 1.41% | Shares |
| ENDEAVOUR CAPITAL ADVISORS INC | $8,988,350 | 238,671 | 1.41% | Shares |
| Qube Research & Technologies Ltd | $8,253,867 | 219,168 | 1.29% | Shares |
| Empowered Funds, LLC | $8,031,108 | 213,253 | 1.26% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $7,944,980 | 210,966 | 1.24% | Shares |
| Detalus Advisors, LLC | $7,383,243 | 196,050 | 1.16% | Shares |
| DENALI ADVISORS LLC | $6,986,533 | 185,516 | 1.09% | Shares |
| FMR LLC | $6,550,731 | 173,944 | 1.03% | Shares |
| GOLDMAN SACHS GROUP INC | $5,512,181 | 146,367 | 0.86% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,459,796 | 144,976 | 0.85% | Shares |
| BlackRock, Inc. | $5,379,166 | 142,835 | 0.84% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $5,258,919 | 139,641 | 0.82% | Shares |
| Mariner, LLC | $5,166,647 | 137,192 | 0.81% | Shares |
| BARTLETT & CO. WEALTH MANAGEMENT LLC | $5,052,390 | 134,158 | 0.79% | Shares |
| MENDON CAPITAL ADVISORS CORP | $4,707,500 | 125,000 | 0.74% | Shares |
| Curi Capital, LLC | $4,707,500 | 125,000 | 0.74% | Shares |
| FIRST TRUST ADVISORS LP | $4,661,404 | 123,776 | 0.73% | Shares |
| JPMORGAN CHASE & CO | $4,429,593 | 117,777 | 0.69% | Shares |
| FIDUCIENT ADVISORS LLC | $4,174,611 | 110,850 | 0.65% | Shares |
| Bank of New York Mellon Corp | $4,134,277 | 109,779 | 0.65% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $4,025,703 | 106,896 | 0.63% | Shares |
| Cubist Systematic Strategies, LLC | $3,877,897 | 139,845 | 0.61% | Shares |
| Trexquant Investment LP | $3,711,167 | 98,544 | 0.58% | Shares |
| Boston Partners | $3,553,260 | 94,351 | 0.56% | Shares |
| FRANKLIN RESOURCES INC | $3,469,051 | 92,115 | 0.54% | Shares |
| Point72 Asset Management, L.P. | $3,400,849 | 90,304 | 0.53% | Shares |
| Man Group plc | $3,345,225 | 88,827 | 0.52% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $3,035,396 | 80,600 | 0.48% | Shares |
| BLAIR WILLIAM & CO/IL | $3,009,936 | 79,924 | 0.47% | Shares |
| Brandywine Global Investment Management, LLC | $2,656,002 | 91,115 | 0.42% | Shares |
| FEDERATED HERMES, INC. | $2,641,736 | 70,147 | 0.41% | Shares |
| TUDOR INVESTMENT CORP ET AL | $2,572,065 | 68,297 | 0.40% | Shares |
| IEQ CAPITAL, LLC | $2,523,720 | 67,013 | 0.39% | Shares |
| Swiss National Bank | $2,496,858 | 66,300 | 0.39% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $2,158,257 | 57,309 | 0.34% | Shares |
| AMERIPRISE FINANCIAL INC | $2,092,465 | 55,562 | 0.33% | Shares |
| Focus Partners Wealth | $1,971,646 | 52,353 | 0.31% | Shares |
| ALGERT GLOBAL LLC | $1,943,256 | 51,600 | 0.30% | Shares |
| Campbell & CO Investment Adviser LLC | $1,939,226 | 51,493 | 0.30% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,926,117 | 61,011 | 0.30% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $1,846,846 | 49,040 | 0.29% | Shares |
| RHUMBLINE ADVISERS | $1,706,707 | 45,319 | 0.27% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,518,715 | 40,327 | 0.24% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,419,970 | 37,705 | 0.22% | Shares |
| BARCLAYS PLC | $1,414,999 | 37,573 | 0.22% | Shares |
| XTX Topco Ltd | $1,205,082 | 31,999 | 0.19% | Shares |
| QUATTRO FINANCIAL ADVISORS LLC | $1,129,800 | 30,000 | 0.18% | Shares |
| DEUTSCHE BANK AG\ | $1,124,452 | 29,858 | 0.18% | Shares |
| Quantinno Capital Management LP | $1,060,270 | 28,153 | 0.17% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $1,056,476 | 28,053 | 0.17% | Shares |
| PDT Partners, LLC | $1,028,683 | 27,315 | 0.16% | Shares |
| HSBC HOLDINGS PLC | $1,006,636 | 26,758 | 0.16% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $987,952 | 31,294 | 0.15% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $979,160 | 26,000 | 0.15% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $938,035 | 24,908 | 0.15% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $931,283 | 29,499 | 0.15% | Shares |
| CITADEL ADVISORS LLC | $894,915 | 23,763 | 0.14% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $887,307 | 23,561 | 0.14% | Shares |
| CWM, LLC | $861,198 | 27,279 | 0.13% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $839,780 | 22,299 | 0.13% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $836,692 | 22,217 | 0.13% | Shares |
| TWO SIGMA ADVISERS, LP | $798,710 | 27,400 | 0.13% | Shares |
| MALTESE CAPITAL MANAGEMENT LLC | $752,221 | 19,974 | 0.12% | Shares |
| D. E. Shaw & Co., Inc. | $745,593 | 19,798 | 0.12% | Shares |
| Vanguard Global Advisers, LLC | $742,467 | 19,715 | 0.12% | Shares |
| BANC FUNDS CO LLC | $741,224 | 19,682 | 0.12% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $739,589 | 19,860 | 0.12% | Shares |
| MetLife Investment Management, LLC | $701,907 | 18,638 | 0.11% | Shares |
| Quantbot Technologies LP | $690,986 | 18,348 | 0.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $680,930 | 18,081 | 0.11% | Shares |
| PNC Financial Services Group, Inc. | $652,535 | 17,327 | 0.10% | Shares |
| Brevan Howard Capital Management LP | $646,999 | 17,180 | 0.10% | Shares |
| PRINCETON CAPITAL MANAGEMENT LLC | $643,007 | 17,074 | 0.10% | Shares |
| Russell Investments Group, Ltd. | $633,893 | 16,832 | 0.10% | Shares |
| Sequoia Financial Advisors, LLC | $627,190 | 16,654 | 0.10% | Shares |
| ALPS ADVISORS INC | $619,017 | 16,437 | 0.10% | Shares |
| JANUS HENDERSON GROUP PLC | $617,978 | 19,547 | 0.10% | Shares |
| STRS OHIO | $617,624 | 16,400 | 0.10% | Shares |
| Capstone Financial Advisors, Inc. | $604,067 | 16,040 | 0.09% | Shares |
| Aquatic Capital Management LLC | $582,901 | 15,478 | 0.09% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $577,290 | 15,329 | 0.09% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $560,004 | 14,870 | 0.09% | Shares |
| Rafferty Asset Management, LLC | $547,388 | 14,535 | 0.09% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $538,048 | 14,287 | 0.08% | Shares |
| EntryPoint Capital, LLC | $525,621 | 13,957 | 0.08% | Shares |
| MORGAN STANLEY | $525,508 | 13,954 | 0.08% | Shares |
Company insiders 32 insiders · 19 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Lindsay Y Corby | EVP and CFO | June 8, 2022 M | 54,139 | 0 | 0 | $0 |
| Alberto J Paracchini | President | Jan. 22, 2024 M | 225,537 | 0 | 0 | $0 |
| Thomas Abraham | President, SBC | Feb. 28, 2023 F | 65,284 | 0 | 0 | $0 |
| Brogan Ptacin | HEAD OF COMMERCIAL BANKING | Aug. 3, 2026 M | 25,859 | 0 | 0 | $0 |
| Ana Casanueva | SVP, Director of Legal | Feb. 15, 2024 S | 2,131 | 0 | 0 | $0 |
| Maria Sherylle A Olano | SVP, Chief Accounting Officer | July 31, 2023 F | 11,413 | 0 | 0 | $0 |
| Michelle Lynn Johnson | Chief Risk Officer | April 3, 2023 F | 5,471 | 0 | 0 | $0 |
| Nicolas Mando | Chief Technology & Operations | Feb. 28, 2023 F | 6,210 | 0 | 0 | $0 |
| Mark Fucinato | Chief Credit Officer | Feb. 28, 2023 F | 12,044 | 0 | 0 | $0 |
| Megan Biggam | EVP Head of Retail Banking | Feb. 28, 2023 F | 11,664 | 0 | 0 | $0 |
| John Barkidjija | Head of CRE & Specialty Fin | Feb. 28, 2023 F | 25,149 | 0 | 0 | $0 |
| Thomas J Bell III | SVP and Treasurer | Feb. 28, 2023 F | 25,111 | 0 | 0 | $0 |
| Hart Angela E Major | EVP, Head of Wealth Management | Feb. 22, 2023 F | 6,289 | 0 | 0 | $0 |
| Owen Beacom | Chief Credit Officer | Aug. 28, 2020 M | 34,941 | 0 | 0 | $0 |
| Donald J. Gibson JR | General Counsel | Feb. 28, 2020 A | 2,872 | 0 | 0 | $0 |
| Richard Schobert | Chief Risk Officer | May 14, 2019 S | 1,844 | 0 | 0 | $0 |
| Timothy C. Hadro | EVP and Chief Credit Officer | April 2, 2019 A | 6,817 | 0 | 0 | $0 |
| Bruce W Lammers | Former EVP & President of SBC | March 6, 2019 A | 33,477 | 0 | 0 | $0 |
| Donald J Meyer | EVP of Comm Banking | Nov. 16, 2018 M | 6,134 | 0 | 0 | $0 |
| Velez Margarita Hugues | Director | June 8, 2026 A | 8,722 | 0 | 0 | $0 |
| Carlos Ruiz Sacristan | Director | June 8, 2026 A | 13,533 | 0 | 0 | $0 |
| Steven P. Kent | Director | Feb. 22, 2024 P | 18,000 | 0 | 0 | $0 |
| Mary Jo S. Herseth | Director | Feb. 7, 2024 P | 16,232 | 0 | 0 | $0 |
| William G Kistner | Director | Nov. 21, 2023 P | 13,515 | 0 | 0 | $0 |
| Pamela C Stewart | Director | July 3, 2023 A | 2,486 | 0 | 0 | $0 |
| Phillip R. Cabrera | Director | May 4, 2023 P | 15,871 | 0 | 0 | $0 |
| Robert R. Yohanan | Director | March 5, 2021 S | 117,895 | 0 | 0 | $0 |
| Steven M. Rull | Director | March 5, 2021 S | 185,400 | 0 | 0 | $0 |
| Roberto R Herencia | — | Aug. 13, 2026 S | 411,643 | 0 | 1 | $-774,398 |
| Dana Traci | — | Aug. 12, 2026 S | 11,605 | 0 | 1 | $-94,419 |
| MBG INVESTORS I, L.P. | — | Aug. 7, 2026 S | 11,535,145 | 0 | 1 | $-11,730,000 |
| Perochena Antonio Del Valle | — | Aug. 7, 2026 S | 11,535,145 | 0 | 1 | $-11,730,000 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 53 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FSCC · Federated Hermes ETF Trust | 0.79% | 65,995 NS | May 31, 2026 | N-PORT |
| SMIZ · Zacks Trust | 0.67% | 52,453 NS | May 31, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.35% | 20,247 NS | April 30, 2026 | N-PORT |
| BFOR · ALPS ETF Trust | 0.25% | 16,140 NS | May 31, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.19% | 692 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.17% | 65,975 NS | April 30, 2026 | N-PORT |
| DPST · Direxion Shares ETF Trust | 0.15% | 22,720 NS | April 30, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.10% | 793,112 NS | May 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.09% | 219,708 NS | April 30, 2026 | N-PORT |
| PSC · Principal Exchange-Traded Funds | 0.08% | 48,489 NS | June 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.07% | 3,150 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.07% | 59,972 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.06% | 262,169 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.03% | 147,849 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.03% | 10,059 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.03% | 13,401 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.03% | 1,455 NS | May 31, 2026 | N-PORT |
| JSTC · Tidal Trust I | 0.03% | 2,586 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 157,389 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 1,137 NS | May 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.01% | 7,858 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 7,138 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 1,152 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 1,162 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 97,880 NS | April 30, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.01% | 836 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 1,280 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 21,991 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 4,513 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 29 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 13,028 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 11,083 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 1,981 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 12,546 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 19,636 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 23 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWN · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWC · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | — | — | July 13, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |