HIFS News & Events

Reports Q4 book value per share $198.03M. Reports Q4 market value per share $254.14M. Chairman Robert Gaughen stated, "Our return on average equity of 12.00% and return on average assets of 1.22% in 2025 continue to improve consistently over time, driven by sustained expansion in the net interest margin through asset repricing, falling funding costs, and growth in non-interest bearing deposits. These remain somewhat below our long-term performance and our expectations for the business. Our operational leverage remains critical to generating satisfactory returns and we remain focused on rigorous cost control and continuous operational improvement. Although our equity investment returns are likely to remain volatile in any individual period, they contribute meaningfully to growth in book value per share over time."

Hingham Institution announced that its Board of Directors has authorized a share repurchase program pursuant to which the Bank may repurchase up to $20M of its outstanding common stock, having received all regulatory approvals as may be required. Under the Program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, or any combination of such methods, in accordance with applicable securities laws and regulations. The Bank regularly evaluates all capital allocation options, in light of the Bank's capital requirements and the prospective returns on such options, including the incremental return on organic balance sheet growth, investments, dividends (both regular and special), and share repurchases. The Program permits the Bank to repurchase shares when, in the estimate of senior management, the return on share repurchases is attractive relative to alternative capital allocation options.

Hingham Institution for Savings announced that its board will pay a special dividend of 70c per share, in addition to their regular quarterly dividend of 63c per share. Both dividends will be paid on January 14, 2026, to stockholders of record as of January 5, 2026. The bank noted it sets the level of the special dividend based on capital requirements and prospective return on other capital allocation options.

The net interest margin for the quarter ended September 30, 2024 increased 11 basis points to 1.07%, as compared to 0.96% in the quarter ended June 30, 2024.