Hoyne Bancorp (HYNE) Registration Filing summary

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.