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Hoyne Bancorp (HYNE) investor relations material
Hoyne Bancorp Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Incorporated in Delaware in June 2025, the entity will become a savings and loan holding company for a Chicago-based bank with deep roots in Cook County, Illinois, and a 138-year operating history.
Operates six full-service branches and a loan production office, focusing on commercial real estate, commercial and industrial, and residential mortgage lending.
Recent strategic shift toward commercial lending, with commercial loans now comprising nearly half of the loan portfolio.
The conversion from mutual to stock form is intended to enhance capital, support growth, and facilitate future M&A.
Financial performance and metrics
As of June 30, 2025: total assets $453.4M, deposits $357.2M, equity $88.9M.
Net loss of $48K for the six months ended June 30, 2025, compared to a $1.4M loss in the prior year period.
For 2024: net loss of $2.0M, compared to net income of $1.5M in 2023; driven by higher interest expense and increased provision for credit losses.
Allowance for credit losses at 0.94% of total loans and 327.7% of non-performing loans as of June 30, 2025.
Non-performing assets at 0.4% of total assets; strong capital ratios with Tier 1 leverage at 20.0%.
Use of proceeds and capital allocation
Net offering proceeds estimated between $48.6M and $76.7M, with at least 50% invested in the bank.
Proceeds to fund loan growth, invest in securities, support M&A, and finance employee stock ownership and benefit plans.
$250K cash and 2% of shares to be contributed to a new charitable foundation.
Remaining proceeds retained for general corporate purposes, including potential share repurchases and dividends.
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