Hingham Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net income $12.674 million, down 26.7% year over year
- ➤Q3 diluted EPS $5.72, down 27.1% year over year
- ➤Q3 core diluted EPS $5.37, up 39.1% year over year
- ➤Net interest margin 2.23%, up 49 basis points year over year
- ➤Non-performing assets reached 0.89% of total assets, up from 0.71%
Expert Statements
Robert H. Gaughen, Jr., Chairman of Hingham Institution for Savings
“Our core returns on average equity and average assets continue to improve materially over time, driven by sustained expansion in the net interest margin through asset repricing and falling funding costs.”
Robert H. Gaughen, Jr., Chairman of Hingham Institution for Savings
“Growth in non-interest-bearing deposits has been an important driver of improving funding costs and will be a key driver of returns in an environment in which quality loan origination opportunities are more limited and other funding sources remain comparatively more expensive.”
Robert H. Gaughen, Jr., Chairman of Hingham Institution for Savings
“Both core and GAAP returns remain somewhat below our long-term performance and our expectations for the business, although core returns are approaching acceptable performance levels.”
Robert H. Gaughen, Jr., Chairman of Hingham Institution for Savings
“Our operational leverage remains critical to generating satisfactory returns and we remain focused on rigorous cost control and continuous operational improvement.”
Robert H. Gaughen, Jr., Chairman of Hingham Institution for Savings
“In any given period, our GAAP returns on average equity and average assets may be positively or negatively affected by the performance of our investment portfolio, composed of long-term holdings in financial services and technology companies.”
Robert H. Gaughen, Jr., Chairman of Hingham Institution for Savings
“Over time, these holdings have contributed meaningfully to growth in book value and we continue to identify opportunities to commit additional capital in this portfolio.”
Robert H. Gaughen, Jr., Chairman of Hingham Institution for Savings
“The Bank’s business model has been built to compound shareholder capital over the long term.”
Robert H. Gaughen, Jr., Chairman of Hingham Institution for Savings
“We remain focused on careful capital allocation, defensive underwriting and rigorous cost control — the building blocks for compounding shareholder capital through all stages of the economic cycle.”
Robert H. Gaughen, Jr., Chairman of Hingham Institution for Savings
“These remain constant, regardless of the macroeconomic environment in which we operate.”
HINGHAM, Mass., Oct. 16, 2026 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), Hingham, Massachusetts, announced results for the quarter ended September 30, 2026.
Net income for the quarter ended September 30, 2026 was $12,674,000 or $5.76 per share basic and $5.72 per share diluted, as compared to $17,295,000 or $7.93 per share basic and $7.85 per share diluted for the same period last year. The Bank’s annualized return on average equity for the third quarter of 2026 was 9.74%, and the annualized return on average assets was 1.11%, as compared to 15.15% and 1.54% for the same period last year. Net income per share (diluted) for the third quarter of 2026 decreased by 27.1% compared to the same period in 2025.
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