Hoyne Bancorp (HYNE) Registration Filing summary

Company overview and business model

• Delaware-based holding company formed in June 2025 to become the parent of a long-established Illinois savings bank after mutual-to-stock conversion.

• Operates six full-service branches and a loan production office in the Chicago area, focusing on retail and commercial banking.

• Recent strategic shift to diversify from residential lending to commercial real estate and industrial loans, now nearly half the loan portfolio.

• Deep community ties, experienced management, and investments in digital banking platforms.

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.

• 2024 net loss of $2.0M, down from $1.5M net income in 2023, driven by higher deposit costs and credit loss provisions.

• Non-performing assets at 0.4% of total assets; allowance for credit losses at 0.94% of loans.

• Tier 1 leverage ratio of 20.0% as of June 30, 2025, well above regulatory minimums.

Use of proceeds and capital allocation

• Net proceeds estimated between $48.6M and $66.4M (up to $76.7M if upsized).

• At least 50% of net proceeds to be invested in the bank to support lending and growth.

• Remainder retained for investments, potential acquisitions, stock repurchases, and general corporate purposes.

• $250K cash and 2% of shares to be contributed to a new charitable foundation.