From GlobeNewswire: 2025-04-11 16:01:00

Hingham Institution for Savings reported a net income of $7,124,000 for the first quarter of 2025, a 3.5% increase from the same period in 2024. Total assets increased to $4.523 billion, with net loans at $3.924 billion and retail and commercial deposits at $2.066 billion. The Bank declared a regular cash dividend of $0.63 per share.

The Bank’s net interest margin for the first quarter of 2025 increased to 1.50%, with an efficiency ratio of 45.82%. Key credit metrics remained strong, with non-performing assets at 0.04% of total assets. The Bank’s operational performance continues to improve, driven by an increase in the net interest margin and operational efficiency.

Chairman Robert H. Gaughen Jr. acknowledged the challenges posed by short-term interest rate increases but remains optimistic about future returns. The Bank’s business model focuses on capital allocation, defensive underwriting, and cost control to compound shareholder capital over time. The Bank will hold its Annual Meeting of Stockholders on April 30, 2025, encouraging shareholder participation.



Read more at GlobeNewswire:: Hingham Savings Reports First Quarter 2025 Results