Hoyne Bancorp, Inc. reported a significant turnaround in its financial performance for the fiscal year ending December 31, 2025, achieving a net income of $233,000 compared to a net loss of $2.0 million in the previous year. This improvement was primarily driven by a $3.6 million increase in interest income, which rose to $20.4 million, largely due to a 37.7% increase in interest income from loans. The company's total assets increased by 8.9% to $489.4 million, with net loans rising by 11.2% to $267.9 million, reflecting a strategic shift towards a more diversified loan portfolio that now includes a significant portion of commercial real estate and industrial loans.
In terms of operational changes, Hoyne Bancorp completed its conversion from a mutual holding company to a stock holding company on December 3, 2025, raising approximately $79.4 million through the sale of 7,935,000 shares at $10.00 each. This capital infusion contributed to a substantial increase in stockholders' equity, which rose by 88% to $161.4 million. The company also established an Employee Stock Ownership Plan (ESOP) as part of the conversion, further aligning employee interests with those of shareholders.
The bank's deposit base, however, saw a decline of 10% to $321.6 million, attributed to a decrease in higher-cost certificates of deposit amid a challenging interest rate environment. The bank's focus on core deposits, which constituted 49.9% of total deposits, reflects its strategy to enhance customer relationships and service offerings. As of December 31, 2025, the bank employed 61 full-time equivalent employees, with plans to potentially expand its workforce to support future growth initiatives.
Hoyne Bancorp's outlook remains cautiously optimistic, with management emphasizing the importance of maintaining a strong liquidity position and capital adequacy. The bank's Tier 1 leverage ratio stood at 24.8%, significantly above the regulatory requirement of 9.0%, indicating a solid capital foundation. However, management acknowledged the potential impact of economic conditions and interest rate fluctuations on future performance, particularly regarding net interest income and asset quality. The bank's proactive approach to managing credit risk and enhancing operational efficiencies will be critical as it navigates the evolving financial landscape.
About Hoyne Bancorp, Inc.
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