Hoyne Bancorp (HYNE) Registration Filing summary

Company overview and business model

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

• Transitioned from a mutual holding company to a stock holding company structure; primary business is originating commercial real estate, commercial and industrial, and residential mortgage loans.

• Recent strategic focus on expanding commercial lending and leveraging technology to enhance customer experience and operational efficiency.

Financial performance and metrics

• As of June 30, 2025: total assets $453.4 million, total deposits $357.2 million, equity $88.9 million.

• Net loss of $48,000 for the six months ended June 30, 2025, compared to a net loss of $1.4 million for the same period in 2024.

• Net interest income for the six months ended June 30, 2025 was $6.5 million, up from $4.5 million in the prior year period.

• 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 0.16% of total assets as of June 30, 2025.

Use of proceeds and capital allocation

• At least 50% of net proceeds from the offering will be invested in the bank to support loan growth and capital needs.

• Proceeds will also fund an employee stock ownership plan (ESOP), contribute to a new charitable foundation (2% of shares plus $250,000 cash), and be retained for general corporate purposes, including potential acquisitions and share repurchases.

• No specific acquisition targets identified; capital may be used for future M&A if opportunities arise.