Hingham Institution for Savings (HIFS) investor relations material

Executive summary

• Q3 2026 GAAP net income fell to $12.674M from $17.295M YoY, while core net income rose to $11.895M from $8.509M, excluding after-tax net gains on equity securities.

• Returns improved on a core basis YoY, driven by sustained NIM expansion, asset repricing and lower funding costs; management said core and GAAP returns remain below long-term performance and expectations.

• Total assets reached $4.581B; non-interest-bearing deposits grew 20.2% YoY as retail and commercial balances replaced wholesale funding.

Financial highlights

• Q3 net income was $12.674M; diluted EPS was $5.72, down 27.1% YoY.

• Q3 core net income was $11.895M and diluted core EPS was $5.37, up 39.1% YoY; core excludes after-tax realized and unrealized equity-security gains.

• 9M net income totaled $40.968M and diluted EPS was $18.51, up 20.4% YoY; 9M core net income was $33.147M and diluted core EPS was $14.98, up 49.4%.

• Q3 net interest income was $19.343M versus $25.015M YoY; net interest income after provision for credit losses was $19.068M versus $24.315M.

Outlook and guidance

• Management said core returns are approaching acceptable performance levels but remain somewhat below long-term performance and business expectations.

• Quality loan origination opportunities remain more limited; management identified non-interest-bearing deposit growth, operational leverage and rigorous cost control as key return drivers.