Hingham Institution for Savings Q1 2026 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
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Should l Buy HIFS?
Source: seekingalpha
- Earnings Performance: Hingham Institution for Savings reported a Q1 2026 non-GAAP EPS of $4.84, despite a 28.9% year-over-year revenue decline to $12.51 million, indicating strong profitability under revenue pressure.
- Core Return Rate Improvement: The bank's annualized core return on average equity for Q1 was 8.66%, significantly up from 5.56% in the same period last year, demonstrating enhanced capital efficiency and profitability.
- Asset Return Rate Growth: The annualized core return on average assets reached 0.94%, compared to 0.55% last year, reflecting effective asset management and improved profitability.
- Steady Book Value Growth: As of March 31, 2026, the bank's book value per share was $220.06, showing a year-to-date growth of 0.4% and a 9.7% increase from March 31, 2025, highlighting its solid capital base and ongoing value creation capabilities.
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Analyst Views on HIFS
About HIFS
Hingham Institution for Savings (the Bank) provides business banking solutions. The Company’s team of relationship managers serve a diverse group of customers, including property managers, startups, nonprofit organizations, municipalities, government organizations and professional service organizations. It offers personalized service and robust digital tools. Its team of personal bankers provides customized solutions for its customers. It offers a tailored suite of cash management services designed for its nonprofit customers. The Company’s personal banking services include personal checking, deposit rates, mobile and online banking and residential mortgages. The Company’s business banking services include business checking, commercial real estate lending, cash management, nonprofit banking, government banking, property management banking and startup banking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hingham Institution for Savings Q1 2026 Financial Results
- Earnings Performance: Hingham Institution for Savings reported a Q1 2026 non-GAAP EPS of $4.84, despite a 28.9% year-over-year revenue decline to $12.51 million, indicating strong profitability under revenue pressure.
- Core Return Rate Improvement: The bank's annualized core return on average equity for Q1 was 8.66%, significantly up from 5.56% in the same period last year, demonstrating enhanced capital efficiency and profitability.
- Asset Return Rate Growth: The annualized core return on average assets reached 0.94%, compared to 0.55% last year, reflecting effective asset management and improved profitability.
- Steady Book Value Growth: As of March 31, 2026, the bank's book value per share was $220.06, showing a year-to-date growth of 0.4% and a 9.7% increase from March 31, 2025, highlighting its solid capital base and ongoing value creation capabilities.
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Hingham Institution for Savings Reports Q1 2026 Earnings
- Significant Net Income Decline: Hingham Bank reported a net income of $2.85 million for Q1 2026, translating to $1.30 per share, which is a 60.2% drop from $7.12 million and $3.27 per share in the same quarter last year, indicating a substantial decrease in profitability that may affect investor confidence.
- Core Net Income Growth: The core net income reached $10.58 million, or $4.79 per share, up 72.3% from $6.13 million and $2.78 per share a year ago, suggesting strong underlying business performance after excluding equity securities volatility, which could attract long-term investors.
- Asset and Deposit Growth: As of March 31, 2026, total assets increased to $4.548 billion, reflecting a 0.5% year-to-date growth, while retail and commercial deposits rose to $2.104 billion, marking a 9.3% increase year-to-date, demonstrating enhanced customer trust and strengthening the bank's market position.
- Stable Shareholder Returns: The bank declared a regular cash dividend of $0.63 per share, marking its 129th consecutive quarterly dividend, and has distributed a total of $3.22 in dividends since March 31, 2025, indicating a strong commitment to shareholders that may bolster long-term investment confidence.
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HINGHAM INSTITUTION FOR SAVINGS REPORTS $500,000 CREDIT LOSS PROVISION FOR Q1
- Credit Loss Provision: The Hingham Institution for Savings has reported a credit loss provision of USD 500,000 for the first quarter.
- Financial Impact: This provision indicates a potential increase in expected loan losses, reflecting caution in the bank's financial outlook.
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HINGHAM INSTITUTION FOR SAVINGS REPORTS Q1 NET INCOME OF $2.851 MILLION
Institution Overview: The Hingham Institution for Savings is a financial institution focused on providing savings services.
Financial Performance: The institution reported a net income of USD 2.851 million for the first quarter.
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HINGHAM INSTITUTION FOR SAVINGS REPORTS 2.04% NET INTEREST MARGIN FOR Q1
- Interest Rate: The net interest margin for the Hingham Institution for Savings is reported at 2.04%.
- Financial Performance: This figure reflects the bank's profitability from its lending and investment activities.
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HINGHAM Institution for Savings Reports $54.55M Net Income for 2025, Up 92.7%
- Annual Net Income Growth: HINGHAM Institution for Savings reported a net income of $54.55 million for 2025, translating to $25.01 per share, reflecting a robust 92.7% increase from 2024, showcasing strong profitability and market competitiveness.
- Significant Core Net Income Increase: The core net income for 2025 reached $32.11 million, with diluted earnings per share at $14.58, marking a remarkable 159.9% rise over 2024, indicating the bank's success in cost control and asset optimization.
- Steady Growth in Assets and Deposits: As of December 31, 2025, total assets increased to $4.543 billion, a 1.9% growth from 2024, while non-interest-bearing deposits surged by 17.7%, reflecting enhanced customer trust and relationship development.
- Enhanced Shareholder Returns: The bank declared a total dividend of $3.22 per share since December 2024 and received approval for a $20 million stock repurchase, demonstrating its commitment to shareholder returns and confidence in future growth.
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Hingham Institution for Savings Q1 2026 Financial Results
- Earnings Performance: Hingham Institution for Savings reported a Q1 2026 non-GAAP EPS of $4.84, despite a 28.9% year-over-year revenue decline to $12.51 million, indicating strong profitability under revenue pressure.
- Core Return Rate Improvement: The bank's annualized core return on average equity for Q1 was 8.66%, significantly up from 5.56% in the same period last year, demonstrating enhanced capital efficiency and profitability.
- Asset Return Rate Growth: The annualized core return on average assets reached 0.94%, compared to 0.55% last year, reflecting effective asset management and improved profitability.
- Steady Book Value Growth: As of March 31, 2026, the bank's book value per share was $220.06, showing a year-to-date growth of 0.4% and a 9.7% increase from March 31, 2025, highlighting its solid capital base and ongoing value creation capabilities.
See More
Hingham Institution for Savings Reports Q1 2026 Earnings
- Significant Net Income Decline: Hingham Bank reported a net income of $2.85 million for Q1 2026, translating to $1.30 per share, which is a 60.2% drop from $7.12 million and $3.27 per share in the same quarter last year, indicating a substantial decrease in profitability that may affect investor confidence.
- Core Net Income Growth: The core net income reached $10.58 million, or $4.79 per share, up 72.3% from $6.13 million and $2.78 per share a year ago, suggesting strong underlying business performance after excluding equity securities volatility, which could attract long-term investors.
- Asset and Deposit Growth: As of March 31, 2026, total assets increased to $4.548 billion, reflecting a 0.5% year-to-date growth, while retail and commercial deposits rose to $2.104 billion, marking a 9.3% increase year-to-date, demonstrating enhanced customer trust and strengthening the bank's market position.
- Stable Shareholder Returns: The bank declared a regular cash dividend of $0.63 per share, marking its 129th consecutive quarterly dividend, and has distributed a total of $3.22 in dividends since March 31, 2025, indicating a strong commitment to shareholders that may bolster long-term investment confidence.
See More
HINGHAM INSTITUTION FOR SAVINGS REPORTS $500,000 CREDIT LOSS PROVISION FOR Q1
- Credit Loss Provision: The Hingham Institution for Savings has reported a credit loss provision of USD 500,000 for the first quarter.
- Financial Impact: This provision indicates a potential increase in expected loan losses, reflecting caution in the bank's financial outlook.
See More
HINGHAM INSTITUTION FOR SAVINGS REPORTS Q1 NET INCOME OF $2.851 MILLION
Institution Overview: The Hingham Institution for Savings is a financial institution focused on providing savings services.
Financial Performance: The institution reported a net income of USD 2.851 million for the first quarter.
See More
HINGHAM INSTITUTION FOR SAVINGS REPORTS 2.04% NET INTEREST MARGIN FOR Q1
- Interest Rate: The net interest margin for the Hingham Institution for Savings is reported at 2.04%.
- Financial Performance: This figure reflects the bank's profitability from its lending and investment activities.
See More
HINGHAM Institution for Savings Reports $54.55M Net Income for 2025, Up 92.7%
- Annual Net Income Growth: HINGHAM Institution for Savings reported a net income of $54.55 million for 2025, translating to $25.01 per share, reflecting a robust 92.7% increase from 2024, showcasing strong profitability and market competitiveness.
- Significant Core Net Income Increase: The core net income for 2025 reached $32.11 million, with diluted earnings per share at $14.58, marking a remarkable 159.9% rise over 2024, indicating the bank's success in cost control and asset optimization.
- Steady Growth in Assets and Deposits: As of December 31, 2025, total assets increased to $4.543 billion, a 1.9% growth from 2024, while non-interest-bearing deposits surged by 17.7%, reflecting enhanced customer trust and relationship development.
- Enhanced Shareholder Returns: The bank declared a total dividend of $3.22 per share since December 2024 and received approval for a $20 million stock repurchase, demonstrating its commitment to shareholder returns and confidence in future growth.
See More
