Trending...
- Bethany Nikitenko Appointed to Philadelphia Trial Lawyers Association Board of Directors
- Why Baton Rouge's Humid Climate Can Contribute to Carpenter Ant Damage — J&J Exterminating Explains How to Protect Your Home
- LiteracyNation's 3rd Annual Indie Author Book Fair
PHILADELPHIA, May 21, 2024 ~ At the annual meeting on May 16, shareholders of Hyperion Bancshares, Inc., the holding company for Hyperion Bank, were updated on the bank's growth and progress by CEO and Chairman Charlie Crawford. As a longtime community banker, Crawford shared that 2023 was a year of significant growth for the company, with a 27% increase in their balance sheet driven by strong demand for loans and deposits.
During the meeting, Crawford also discussed the first quarter of 2024, which showed a significant increase in profitability compared to the previous year. He reported that loan growth had increased by 15% and deposits were up by 13%, resulting in total assets of $427,506,788.
Crawford also highlighted the income statement for Q1 of 2024, which showed even faster growth with revenues increasing by 38% and net income up by 69%. He noted that their book value per share had increased by $1.10 since last year due to their strong credit quality and moderate loan growth.
In addition to discussing financials, Hyperion President & COO Lou DeCesare announced that the bank had expanded its talent base in the past year with senior-level additions such as Bill Young as Vice President & Director of Technology Services, Toni Hughes as EVP & Compliance Department Manager (CRCM), and Susan Battle as Senior Vice President & Director of SBA Lending. Young brings over 25 years of IT experience to his role while Hughes has over 30 years of banking experience in various positions including credit, collections, lending, operations, and regulatory compliance. Battle has four decades' worth of experience in U.S. Small Business Administration lending.
More on The PennZone
Looking ahead to the rest of the year, Crawford stated that there will be an emphasis on increasing profitability while maintaining moderate growth and a strong focus on credit quality.
The meeting also included the re-election of eight board members: Charlie Crawford, Lou DeCesare, Jill K. Jinks, James J. McAlpin Jr., Robert N.C. Nix III, Michael J. Purcell, Lara Rhame, and Gretchen M. Santamour. These members will continue to serve on the board for another year.
Hyperion Bank, which was founded in 2006, has expanded its reach to the Atlanta market in 2019 and launched a joint venture called Hyperion Mortgage in 2020. This venture now operates in Alabama, Florida, Georgia, New Jersey, Pennsylvania, South Carolina, and Tennessee.
As a full-service community bank with a focus on technology and accessible and experienced bankers with local decision-making authority, Hyperion offers a range of SBA and non-SBA lending products. They are also proud to be a member of the FDIC and an Equal Housing Lender. All offers of credit are subject to approval.
For media inquiries or more information about Hyperion Bank and its subsidiaries (Hyperion Mortgage and Hyperion Bancshares), please contact Drew Plant at 678-637-5532.
During the meeting, Crawford also discussed the first quarter of 2024, which showed a significant increase in profitability compared to the previous year. He reported that loan growth had increased by 15% and deposits were up by 13%, resulting in total assets of $427,506,788.
Crawford also highlighted the income statement for Q1 of 2024, which showed even faster growth with revenues increasing by 38% and net income up by 69%. He noted that their book value per share had increased by $1.10 since last year due to their strong credit quality and moderate loan growth.
In addition to discussing financials, Hyperion President & COO Lou DeCesare announced that the bank had expanded its talent base in the past year with senior-level additions such as Bill Young as Vice President & Director of Technology Services, Toni Hughes as EVP & Compliance Department Manager (CRCM), and Susan Battle as Senior Vice President & Director of SBA Lending. Young brings over 25 years of IT experience to his role while Hughes has over 30 years of banking experience in various positions including credit, collections, lending, operations, and regulatory compliance. Battle has four decades' worth of experience in U.S. Small Business Administration lending.
More on The PennZone
- OPUS Global Data Solutions Launches Food Trader Plus, Bringing Operational Control and Deal-Level Profit Visibility to Food Brokers
- Phinge CEO DeMaio Unveils Speech to Congress: User Data Sovereignty vs Tech Surveillance Capitalism, Asserting Foundational 2021 App-Less Patents & IP
- Michael Maertens Hired as Century Fasteners Corp. – Chief Financial Officer
- LATO AI Software Innovations Expedite Inspections & Repair of Parking Lots for The Pavement Group
- Built to Last: Why BSI Is Among the Nation's Fastest-Growing Companies, and One of Its Best Places to Work
Looking ahead to the rest of the year, Crawford stated that there will be an emphasis on increasing profitability while maintaining moderate growth and a strong focus on credit quality.
The meeting also included the re-election of eight board members: Charlie Crawford, Lou DeCesare, Jill K. Jinks, James J. McAlpin Jr., Robert N.C. Nix III, Michael J. Purcell, Lara Rhame, and Gretchen M. Santamour. These members will continue to serve on the board for another year.
Hyperion Bank, which was founded in 2006, has expanded its reach to the Atlanta market in 2019 and launched a joint venture called Hyperion Mortgage in 2020. This venture now operates in Alabama, Florida, Georgia, New Jersey, Pennsylvania, South Carolina, and Tennessee.
As a full-service community bank with a focus on technology and accessible and experienced bankers with local decision-making authority, Hyperion offers a range of SBA and non-SBA lending products. They are also proud to be a member of the FDIC and an Equal Housing Lender. All offers of credit are subject to approval.
For media inquiries or more information about Hyperion Bank and its subsidiaries (Hyperion Mortgage and Hyperion Bancshares), please contact Drew Plant at 678-637-5532.
0 Comments
Latest on The PennZone
- The World's No.1 Superstar® Enters the Occult with New Track and Cinematic Visual "Under Your Spell"
- PricZone Launches Online Shopping Platform Offering Electronics, Gaming, and More
- Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community
- Lineus Medical Elevates Leadership to Accelerate Growth After Breakthrough Clinical Results
- Gateway Center Arena Announces Duane Curry as General Manger
- Mumbai Central Farmers Market Launches Community Collective for More Value and Connection
- XRPPower Expands Platform Security With Enhanced Brand Protection and Official Verification Standards
- Cuvo Health, the #1 White Label Telehealth Platform, Surpasses 300 Exclusive Providers Serving All 50 States
- Birkdale Investments LLC Acquires Assets of Mumbai Central Farmers Market, Unveils Expanded Vision
- RAS AP Consulting Expands Managed AP Governance™ Ecosystem, Launches Trademark Process, and Secures IFOL Speaker Invitation
- UK Financial Ltd Makes History: Chainlink CRE Circulating Supply Verification Goes Live Across Its Complete Ecosystem Of Nine Exchange-Traded Tokens
- International Rights Groups Raise Alarm Over Freedom of Religion and Expression in South Korea
- The City's Most Elegant Open-Air Dinner Party Returns September 12, 2026
- LiteracyNation's 3rd Annual Indie Author Book Fair
- FDA Clears Major Regulatory Hurdle as Preservative-Free Ketamine Program Moves Within Reach of Commercialization: NRx Pharmaceuticals: (NAS DAQ: NRXP)
- Autonomous Robotics Platform Expansion as Public Market Debut is Very Close: MBody AI Corp. (N A S D A Q: MBAI)
- Loud! OOH calls for prize draw advertising standards as £1.3bn category moves outdoors
- Insurance for Braces Helps Make Treatment More Manageable for Pennsylvania Families
- Black Ribbon Productions Launches With Fearless 2026 Horror Slate
- Actor Dominic Pace Returns to Television and Film