Hingham Institution for Savings (HIFS) investor relations material

Executive summary

• Net income for Q2 2026 was $25.4M ($11.49 per diluted share), up 168.5% year-over-year; core net income (excluding equity securities gains) was $10.7M ($4.82 per diluted share), up 42.2% year-over-year.

• Annualized return on average equity for Q2 2026 was 20.38%; core return was 8.55%.

• For the first six months of 2026, net income was $28.3M ($12.80 per diluted share), up 70.2% year-over-year; core net income was $21.3M ($9.61 per diluted share), up 55.8%.

Financial highlights

• Total assets reached $4.56B at June 30, 2026, up 0.6% annualized year-to-date and 0.4% year-over-year.

• Net loans were $3.90B, with a 0.3% annualized growth year-to-date but a 0.7% decline year-over-year.

• Retail and commercial deposits grew to $2.08B, up 2.7% annualized year-to-date and 4.3% year-over-year; non-interest-bearing deposits rose 15.2% year-over-year.

• Book value per share was $230.83, up 13.0% year-over-year.

• Net interest margin for Q2 2026 was 2.14%, up from 2.04% in Q1 2026 and 1.66% in Q2 2025.

Outlook and guidance

• Management expects continued focus on deposit growth, cost control, and operational efficiency.

• New online banking platform with Q2 Technologies expected to go live in the second half of 2026.