Hoyne Bancorp (HYNE) investor relations material

Executive summary

• Net loss for Q1 2026 was $118,000, an improvement from a $166,000 net loss in Q1 2025, driven by higher interest income and lower interest expense, partially offset by increased noninterest expense.

• Total assets decreased 2.5% to $477.2 million as of March 31, 2026, mainly due to lower cash and investment securities, offset by loan growth.

• The company completed its mutual-to-stock conversion in December 2025, raising $79.4 million in gross proceeds and listing on Nasdaq.

Financial highlights

• Net interest income rose 39.6% year-over-year to $4.2 million, with net interest margin expanding to 3.76% from 2.85%.

• Interest income increased 12.3% to $5.3 million, while interest expense on deposits fell 36.2% to $1.1 million.

• Noninterest expense increased 32.3% to $4.5 million, mainly due to higher compensation costs.

• Allowance for credit losses increased 5% to $2.8 million, reflecting loan portfolio growth.

• Total deposits declined 3% to $312.0 million, primarily from maturing certificates of deposit.

Outlook and guidance

• Management expects noninterest expenses to rise as operations expand and new stock benefit plans are implemented.

• Liquidity and capital positions remain strong, with sufficient funds anticipated to meet short- and long-term obligations.

• A significant portion of maturing certificates of deposit is expected to be retained; alternate funding sources are available if needed.