Hyperion Bank also recognized regionally and nationally during third quarter for growth over the past year-plus

In its Q3 2024 Report to Shareholders, Hyperion Bancshares, Inc., Hyperion Bank’s holding company, notes moderate balance sheet growth, with loans up 8% and deposits up by 12%. 

“Revenues have increased 20% over the same period in 2023 and our net income for the first nine months is slightly less than a year ago,” says Charlie Crawford, CEO & Chairman of the community bank, which also has a mortgage joint venture in Atlanta. “We added more money to our loan loss reserve during the 3rd quarter and are pleased to see a 13% increase in book value per share over the last year.”

Crawford notes that the bank was recognized as one of the fastest growing companies in the nation, coming in at #3,835 on the 2024 Inc. 5000 list.

He reminded shareholders about the bank’s strong SBA program and its available additional FDIC coverage via the ICS^® and CDARS^® programs, which enable customers to access multi-million-dollar FDIC protection by working directly with just one bank.