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PHILADELPHIA, Jan. 16, 2025 ~ Hyperion Bancshares, Inc., the holding company for Hyperion Bank, has reported a successful fourth quarter in its 2024 Report to Shareholders. The community bank saw its most profitable quarter of the year and experienced significant loan growth.
According to CEO and Chairman Charlie Crawford, a longtime community banker and current Chair of the Pennsylvania Association of Community Bankers (PACB), 2024 was another year of strong growth for Hyperion. Loans and total assets increased by 12%, with a slight increase in deposits. Crawford also noted that the fourth quarter was the most profitable of the year.
In addition to its financial success, Hyperion Bank was recognized by the Philadelphia Business Journal as one of the "Fast 50" for the fifth consecutive year. The bank ranked #25 on the list, with a 41.66% increase in revenue over the past two years. It was also recognized as one of the fastest growing companies in the nation, coming in at #3,835 on the 2024 Inc. 5000 list.
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Crawford highlighted that non-interest income saw a significant increase of 30%, while non-interest expense only increased by 5%. Total revenue for 2024 increased by 17%, but net income was slightly lower due to an increase in provision for loan losses and unfunded commitments. The bank's earnings per share for 2024 were $0.78 and book value per share ended at $12.73 and $13.64 excluding unrealized losses on securities.
Crawford emphasized that Hyperion's employees are their most valuable asset, with their experience and enthusiasm driving local decision-making authority. He also announced that the bank is currently hiring two SBA producers – one in Philadelphia and one in Atlanta – to further strengthen their team.
Hyperion Bank, founded in 2006, is a full-service community bank that utilizes technology to connect with customers while maintaining highly accessible bankers. In 2019, the bank expanded to the Atlanta market and in 2020, launched Hyperion Mortgage, a joint venture that now operates in seven states. The bank is a member of FDIC and an Equal Housing Lender.
For media inquiries, please contact Drew Plant at 678-637-5532. Hyperion Bank offers credit subject to approval and also provides additional FDIC coverage through its ICS® and CDARS® programs, allowing customers to access multi-million-dollar FDIC protection by working directly with one bank.
According to CEO and Chairman Charlie Crawford, a longtime community banker and current Chair of the Pennsylvania Association of Community Bankers (PACB), 2024 was another year of strong growth for Hyperion. Loans and total assets increased by 12%, with a slight increase in deposits. Crawford also noted that the fourth quarter was the most profitable of the year.
In addition to its financial success, Hyperion Bank was recognized by the Philadelphia Business Journal as one of the "Fast 50" for the fifth consecutive year. The bank ranked #25 on the list, with a 41.66% increase in revenue over the past two years. It was also recognized as one of the fastest growing companies in the nation, coming in at #3,835 on the 2024 Inc. 5000 list.
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Crawford highlighted that non-interest income saw a significant increase of 30%, while non-interest expense only increased by 5%. Total revenue for 2024 increased by 17%, but net income was slightly lower due to an increase in provision for loan losses and unfunded commitments. The bank's earnings per share for 2024 were $0.78 and book value per share ended at $12.73 and $13.64 excluding unrealized losses on securities.
Crawford emphasized that Hyperion's employees are their most valuable asset, with their experience and enthusiasm driving local decision-making authority. He also announced that the bank is currently hiring two SBA producers – one in Philadelphia and one in Atlanta – to further strengthen their team.
Hyperion Bank, founded in 2006, is a full-service community bank that utilizes technology to connect with customers while maintaining highly accessible bankers. In 2019, the bank expanded to the Atlanta market and in 2020, launched Hyperion Mortgage, a joint venture that now operates in seven states. The bank is a member of FDIC and an Equal Housing Lender.
For media inquiries, please contact Drew Plant at 678-637-5532. Hyperion Bank offers credit subject to approval and also provides additional FDIC coverage through its ICS® and CDARS® programs, allowing customers to access multi-million-dollar FDIC protection by working directly with one bank.
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