Hoyne Bancorp Reports Net Income of $70,063 in Q3 2025, Transitioning to Stock Holding Company

Hoyne Bancorp, Inc. reported its financial results for the third quarter of 2025, revealing a net income of $70,063, a significant improvement from a net loss of $397,298 in the same period of 2024. For the nine months ending September 30, 2025, the company achieved a net income of $31,086, compared to a net loss of $1,535,928 for the same period last year. Total interest income rose to $5 million for the third quarter, up from $4.2 million in 2024, driven primarily by an increase in interest income from loans, which reached $3.99 million, compared to $2.87 million in the prior year.

The company's total assets increased by $5.3 million, or 1.2%, to $454.8 million as of September 30, 2025, compared to $449.5 million at the end of 2024. This growth was attributed to a $11.6 million increase in cash and cash equivalents and an $8.5 million rise in net loans, which reached $249.4 million. However, investment securities available-for-sale decreased by $7.7 million, reflecting a strategic shift to fund the growing loan portfolio. Total equity also rose by $4.3 million, or 5%, to $90.1 million, primarily due to a reduction in accumulated other comprehensive loss.

In terms of operational developments, Hoyne Bancorp is in the process of converting from a mutual holding company to a stock holding company, a transition that is expected to enhance its capital structure and operational flexibility. The conversion plan was adopted by the Board of Directors on May 16, 2025, and is anticipated to be completed soon. The company currently operates six full-service banking offices and one loan production office in Cook County, Illinois, and aims to expand its market presence further.

The bank's customer base remains stable, with total deposits reported at $356.8 million, virtually unchanged from $357.3 million at the end of 2024. The bank's focus on commercial lending has led to a notable increase in loans receivable, particularly in commercial real estate and construction loans. The provision for credit losses increased to $135,000 for the third quarter, reflecting the growth in the commercial loan portfolio.

Looking ahead, Hoyne Bancorp anticipates continued growth in its commercial loan portfolio and plans to enhance its operational capabilities through investments in technology and infrastructure. The bank's management believes that the ongoing conversion to a stock holding company will provide additional opportunities for growth and expansion in the evolving financial services landscape. The company remains well-capitalized, with a Tier 1 capital ratio of 20.2% as of September 30, 2025, significantly exceeding regulatory requirements.