Passage
Hearing of thy love and faith, which thou hast toward the Lord Jesus, and toward all saints;
Hearing of thy love and faith, which thou hast toward the Lord Jesus, and toward all saints;
Philemon 1:3 Grace to you, and peace, from God our Father and the Lord Jesus Christ.
Philemon 1:4 I thank my God, making mention of thee always in my prayers,
Philemon 1:5 Hearing of thy love and faith, which thou hast toward the Lord Jesus, and toward all saints;
Philemon 1:6 That the communication of thy faith may become effectual by the acknowledging of every good thing which is in you in Christ Jesus.
Philemon 1:7 For we have great joy and consolation in thy love, because the bowels of the saints are refreshed by thee, brother.
The verse centers on "faith", "hearing", "love", "thou", "hast", "toward", "lord", and "jesus". It is saying that the verse draws attention to "faith" and "hearing", so its meaning should be read from those terms before moving to application.
The nearby context moves from verse 4's "I thank my God making mention of..." into verse 6's "That the communication of thy faith may...", so "faith" and "hearing" belong inside that flow. In Philemon context, the local focus is Christ, faith, and discipleship.
A plain takeaway is to answer the verse's own emphasis on "faith" and "hearing" with trust shaped by these words, not by a vague optimism outside the passage.