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Hingham Institution for Savings (HIFS) investor relations material
Hingham Institution for Savings Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net income for Q2 2025 was $9.41M ($4.28/share diluted), up 127.7% year-over-year; core net income (excluding equity gains) was $7.45M ($3.39/share diluted), up 239.0% year-over-year.
For the first six months, net income was $16.54M ($7.52/share diluted), up 50.1% year-over-year; core net income was $13.58M ($6.17/share diluted), up 207.0% year-over-year.
Book value per share rose to $204.36, up 6.8% year-over-year; $2.52 in dividends per share declared since June 2024.
Financial highlights
Total assets reached $4.54B at June 30, 2025, up 0.4% year-over-year; net loans stable at $3.93B.
Retail and commercial deposits were $1.998B, up 4.0% year-over-year; non-interest-bearing deposits grew 27.5% year-over-year.
Wholesale funds were $2.05B, down 4.4% year-over-year; FHLB borrowings at $1.57B, down 4.7% year-over-year.
Net interest margin for Q2 2025 was 1.66%, up from 0.96% a year ago and 1.50% in Q1 2025.
Outlook and guidance
Management expects continued focus on capital allocation, defensive underwriting, and cost control to drive long-term shareholder value.
Returns on equity and assets have recovered but remain below long-term targets; operational leverage and margin expansion are key priorities.
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