Good day, and welcome to the Fourth Quarter 2019 Byline Bancorp Incorporated Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Tony Rossi of Financial Profiles. Please go ahead.
Thank you, Jason. Good morning everyone and thank you for joining us today for the Byline Bancorp fourth quarter 2019 earnings call. We will be using a slide presentation as part of our discussion this morning. Please visit the Events and Presentations page of Byline's Investor Relations website for access to the presentation.
Before we begin, I'd like to remind you that this conference call contains forward-looking statements with respect to the future performance and financial condition of Byline Bancorp that involve risks and uncertainties. Various factors could cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. These factors are discussed in the Company's SEC filings, which are available on the Company's website. The Company disclaims any obligation to update any forward-looking statements made during the call.
Management may refer to non-GAAP measures, which are intended to supplement, but not substitute for the most directly comparable GAAP measures. The press release available on the website contains the financial and other quantitative information to be discussed today as well as the reconciliation of the GAAP to non-GAAP measures.
With that, I'd like to turn the call over to Alberto Paracchini President and CEO. Alberto?
Alberto J. Paracchini
Thank you, Tony. Good morning and welcome everyone to our fourth quarter earnings call. We appreciate all of you joining us this morning. With me here today is Lindsay Corby, our CFO; and Owen Beacom, our Chief Credit Officer. As we normally do, I will provide you with the highlights for the year and quarter, and then pass it over to Lindsay who will walk you through our results in more detail. I'll come back at the end with some closing remarks before opening the call up for questions. As a reminder, you can follow our comments with the help of the presentation you can find in the Investor Relations section of our website.
2019 for us to be a busy year for Byline. We completed an important system conversion at the start of the year that finished the integration of First Evanston, closed and integrated Oak Park River Forest Bankshares, executed against our organic growth strategies, capitalized on market opportunities and delivered solid financial results with EPS for the year coming in at $1.48, up 25% on a year-over-year basis and total assets exceeding $5.5 billion. Our profitability continued to improve with both ROAA and ROATCE increasing over 2018, and our adjusted efficiency ratio also improving on a year-over-year basis. Given our improving profitability, increase in tangible book value per share and strong capital levels, we announced both a share repurchase program and declared a cash dividend for the quarter to allow us to manage capital levels, while continuing to focus on organic growth and acquisition opportunities.
In terms of highlights for the
Alberto J. Paracchini
President & Chief Executive Officer
Lindsay Y. Corby
Chief Financial Officer
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