Hingham Institution for Savings reported a net income of $9,414,000 for the quarter ended June 30, 2025, a significant increase from the same period last year. The Bank’s annualized return on average equity was 8.43%, and the return on average assets was 0.85%. Total assets increased to $4.539 billion, representing 3.7% annualized growth year-to-date.

Core net income for the quarter was $7,453,000, with an annualized core return on average equity of 6.67%. Total loans increased to $3.932 billion, with origination activity focused on stabilized multifamily commercial real estate. Retail and commercial deposits were $1.998 billion, with non-interest-bearing deposits showing significant growth.

The Bank declared a regular cash dividend of $0.63 per share, the 126th consecutive quarterly dividend. Operational metrics remained acceptable, with non-performing assets at 0.70% of total assets. The Bank’s net interest margin increased to 1.66%, driven by decreased interest-bearing liabilities and increased interest-earning assets.

Chairman Robert H. Gaughen Jr. noted that returns on equity and assets in the second quarter of 2025 improved steadily. The Bank remains focused on continuous improvement, cost control, and careful capital allocation. Shareholders are encouraged to read the Bank’s quarterly report for more details. Hingham Institution for Savings, established in 1834, is listed on NASDAQ under the symbol HIFS.

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