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HIFS

Hingham Institution for Savings

HIFS

Hingham Institution for Savings • NASDAQ
$292.91 ▼ -0.25% (-0.73)
Market Cap $638.54 M
52w High $320.00
52w Low $209.71
Dividend Yield 2.52%
P/E 14.25
Volume 14.04K
Outstanding Shares 2.18M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $64.468M ▲ $7.512M ▼ $17.295M ▲ 26.827% ▲ $7.93 ▲ $23.305M ▲
Q2-2025 $54.079M ▲ $7.546M ▲ $9.414M ▲ 17.408% ▲ $4.32 ▲ $13.038M ▲
Q1-2025 $51.361M ▼ $7.47M ▲ $7.124M ▼ 13.87% ▼ $3.27 ▼ $9.998M ▼
Q4-2024 $58.723M ▲ $7.174M ▼ $11.375M ▲ 19.371% ▲ $5.22 ▲ $15.23M ▲
Q3-2024 $53.186M $7.315M $5.846M 10.992% $2.68 $8.035M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $360.025M ▼ $4.531B ▼ $4.07B ▼ $461.705M ▲
Q2-2025 $360.614M ▼ $4.539B ▲ $4.093B ▲ $445.752M ▲
Q1-2025 $361.641M ▲ $4.523B ▲ $4.086B ▲ $437.557M ▲
Q4-2024 $351.83M ▼ $4.458B ▲ $4.026B ▼ $431.755M ▲
Q3-2024 $368.1M $4.45B $4.028B $421.702M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $9.414M ▲ $5.526M ▼ $-13.443M ▲ $6.89M ▼ $-1.027M ▼ $5.402M ▼
Q1-2025 $7.124M ▼ $11.488M ▲ $-54.707M ▼ $53.03M ▲ $9.811M ▲ $11.458M ▲
Q4-2024 $11.375M ▲ $1.567M ▼ $-16.036M ▼ $-1.801M ▲ $-16.27M ▼ $1.551M ▼
Q3-2024 $5.846M ▲ $3.69M ▲ $71.937M ▲ $-76.668M ▼ $-1.041M ▲ $3.616M ▲
Q2-2024 $4.102M $2.887M $4.032M $-11.024M $-4.105M $2.865M

Five-Year Company Overview

Income Statement

Income Statement Earnings have come down from an exceptional peak a few years ago, even though revenue has continued to grow. In simple terms, the bank is bringing in more overall business, but it is keeping less of each dollar as profit. This likely reflects higher funding costs and a tougher interest-rate environment squeezing margins. Recent years show profits stabilizing at a lower, but still healthy, level compared with the standout results of 2021. The pattern suggests a solid franchise that is adjusting to a more normal, less favorable rate backdrop.

Balance Sheet

Balance Sheet The balance sheet has grown meaningfully over the past five years, then leveled off more recently. Assets have expanded, and equity has steadily built up, which is a positive sign of retained strength. At the same time, the bank has leaned more on borrowings, meaning it is carrying more debt than it did several years ago. Cash balances are higher than in the past, providing flexibility, but the heavier use of debt funding raises the importance of careful risk and interest-rate management. Overall, it looks like a larger, more leveraged institution than it used to be, with a still-solid equity base.

Cash Flow

Cash Flow Cash generation from the core business has remained positive and generally stable, though it is not surging. Because this is a bank, traditional measures like capital spending are minimal, so operating cash flow and free cash flow move closely together. The pattern suggests a business that consistently throws off cash, but without a large excess cushion relative to its size. The stability here is reassuring, but it also reinforces that balance-sheet strength and funding costs remain key levers for performance.

Competitive Edge

Competitive Edge Hingham occupies a focused niche: a traditional, relationship-driven bank that uses technology to make service more convenient rather than trying to behave like a pure fintech. Its strengths lie in high-touch customer service, a dedicated relationship management team for specialized deposits, and a reputation for low fees and efficiency. A major advantage is the ability to offer effectively unlimited deposit insurance through the state insurance fund on top of federal coverage, which is very attractive to larger depositors. The bank is also expanding in selected commercial real estate and deposit markets beyond its home base. Key risks are competition from much larger banks and digital players, exposure to commercial real estate cycles, and the challenge of scaling a personalized model without diluting service quality.

Innovation and R&D

Innovation and R&D The bank is not chasing flashy, experimental technology. Instead, it focuses on practical digital tools that make life easier for clients and for relationship managers. Its “open architecture” approach—encouraging links to popular payment and finance apps—reflects a willingness to meet customers where they already are. Investments are going into better digital banking for both individuals and businesses, stronger security, and improved cash-management tools. On the strategic side, scaling the Specialized Deposit Group and building out presence in key metropolitan markets function as a form of business-model innovation. The main watchpoints are how effectively Hingham continues to enhance its digital experience, attract experienced relationship bankers, and deepen its niche without taking on outsized credit or concentration risk.

Summary

Hingham Institution for Savings looks like a mature, disciplined niche bank that has grown steadily but is now navigating a more demanding interest-rate and credit environment. Revenue has climbed, yet profit margins have narrowed from prior highs, reflecting the reality of tougher funding costs. The balance sheet shows a larger institution with more borrowings and more equity, requiring careful risk and rate management. Cash flows are consistently positive, supporting ongoing operations without signs of strain. Competitively, the bank leans on its personalized service, unlimited deposit insurance, and efficient, low-fee model, complemented by sensible digital tools rather than aggressive fintech bets. Its future will likely be determined by how well it manages credit and interest-rate risk, executes its targeted market expansion, and preserves its service culture as it grows.

NEWS

October 10, 2025 · 4:01 PM UTC

Hingham Savings Reports Third Quarter 2025 Results

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