Hingham Institution for Savings (HIFS) investor relations material

Executive summary

• Net income for 2025 was $54.6M ($24.76 per diluted share), up 92.7% year-over-year; core net income (excluding equity gains) was $32.1M ($14.58 per diluted share), up 159.9% year-over-year.

• Fourth quarter 2025 net income was $20.7M ($9.39 per diluted share), up 82.0% from Q4 2024; core net income for the quarter was $10.0M ($4.54 per diluted share), up 110.2% year-over-year.

• Return on average equity for 2025 was 12.00% and return on average assets was 1.22%, both showing significant improvement over 2024.

Financial highlights

• Total assets grew 1.9% to $4.54B at year-end 2025; net loans increased 0.7% to $3.90B.

• Retail and commercial deposits rose 2.9% to $2.06B; non-interest-bearing deposits surged 17.7% to $467.7M.

• Book value per share increased 11.0% to $219.82; $3.22 in dividends per share declared, including a $0.70 special dividend.

• Net interest margin for Q4 2025 was 1.89%, up from 1.74% in Q3 2025; annual net interest margin was 1.70%.

Outlook and guidance

• Management remains focused on organic capital deployment, operational efficiency, and cost control.

• Substantial growth opportunities are anticipated in existing markets, with ongoing investment in deposit relationships.