Hoyne Bancorp (HYNE) Registration Filing summary

Company overview and business model

• Community-oriented savings bank with a 138-year history, headquartered in Chicago, Illinois, serving Cook County and the broader Chicago MSA through six full-service branches and a loan production office.

• Historically focused on residential mortgage lending, recently expanded into commercial real estate, construction, and commercial and industrial loans, now comprising nearly half of the loan portfolio.

• Business strategy emphasizes growth in commercial lending, leveraging technology, prudent credit risk management, organic and acquisitive expansion, and talent recruitment.

• Operates with a strong community presence, diverse staff, and a commitment to financial literacy and local engagement.

Financial performance and metrics

• As of March 31, 2025: total assets $466.5M, total deposits $370.9M, equity $88.8M.

• Net income for Q1 2025 was $317K, reversing a net loss of $1.5M for 2024; net interest margin improved to 2.93% in Q1 2025.

• Non-performing assets at 0.19% of total assets; allowance for credit losses at 0.90% of loans.

• Loans receivable grew 26.4% in 2024, with commercial loan originations outpacing residential.

• Efficiency ratio for Q1 2025 was 85.75%; return on average assets 0.28% for Q1 2025.

Use of proceeds and capital allocation

• IPO proceeds (estimated $48.6M–$76.7M net) to be split: at least 50% invested in the bank, remainder retained at holding company.

• Funds to support loan growth, potential acquisitions, investment, capital management, and employee stock ownership plan (ESOP) loan.

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