Quarterly ResultMay 12, 2026, 02:06 PM
Hoyne Bancorp Q1 Net Loss Narrows to $118K; Loans Up, Cash Down
AI Summary
Hoyne Bancorp, Inc. reported a reduced net loss of $118,352 for the first quarter of 2026, an improvement from the $166,035 loss in Q1 2025. This follows the company's mutual-to-stock conversion completed in December 2025. While net interest income increased, the company experienced a significant decrease in cash and cash equivalents, and a rise in noninterest expenses. Loans receivable grew, but deposits declined compared to year-end 2025.
Key Highlights
- Net loss narrowed to $118,352 in Q1 2026 from $166,035 in Q1 2025.
- Net interest income increased to $4.20 million in Q1 2026 from $3.01 million in Q1 2025.
- Loans receivable, net, grew to $288.64 million at March 31, 2026, from $267.95 million at December 31, 2025.
- Cash and cash equivalents decreased to $13.49 million at March 31, 2026, from $47.60 million at December 31, 2025.
- Deposits decreased to $311.99 million at March 31, 2026, from $321.55 million at December 31, 2025.
- Total noninterest expense rose to $4.52 million in Q1 2026 from $3.42 million in Q1 2025.
- Basic and diluted loss per share was ($0.02) for Q1 2026.