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Hingham Institution for Savings provides various financial services to individuals and small businesses in the United States. It offers savings, checking, money market, term certificate, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential owner-occupied real estate, construction, home equity, consumer, and commercial loans; and origination of loans. In addition, it offers ATMs, debit cards, and Internet-based banking services. Further, the company invests in short-term income investments, such as U.S. treasury debt securities, U.S. Government-sponsored enterprise debt securities, bank subordinated debt, and FDIC-insured certificates of deposit; and equity investments, corporate bonds, CRA investments, and federal home loan bank stock, as well as bank-owned life insurance. Hingham Institution for Savings was incorporated in 1834 and is headquartered in Hingham, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $104M | - | $55M | $36M | 11.4% | 58.5% | 93.5% |
| 2024 | $66M | - | $28M | $12M | 6.5% | 2.0% | 6.9% |
| 2023 | $65M | - | $26M | $18M | 6.5% | -24.4% | -29.7% |
| 2022 | $85M | - | $38M | $53M | 9.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 85.42 | 64.56 | 65.85 | 104.35 |
| Operating Revenue | - | 85.42 | 64.56 | 65.85 | 104.35 |
| Selling General And Administration | - | 22.43 | 23.76 | 24.25 | 25.04 |
| Interest Income | - | 139.03 | 174.26 | 195.90 | 206.83 |
| Interest Expense | - | 32.89 | 125.96 | 151.52 | 132.43 |
| Net Interest Income | - | 106.13 | 48.30 | 44.37 | 74.41 |
| Pretax Income | - | 54.32 | 35.23 | 36.52 | 72.78 |
| Tax Provision | - | 16.80 | 8.86 | 8.32 | 18.23 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0.01 | 0 | 0 |
| Net Income Continuous Operations | - | 37.52 | 26.37 | 28.19 | 54.55 |
| Net Income From Continuing And Discontinued Operation | - | 37.52 | 26.37 | 28.19 | 54.55 |
| Net Income From Continuing Operation Net Minority Interest | - | 37.52 | 26.37 | 28.19 | 54.55 |
| Net Income | - | 37.52 | 26.37 | 28.19 | 54.55 |
| Net Income Common Stockholders | - | 37.52 | 26.37 | 28.19 | 54.55 |
| Net Income Including Noncontrolling Interests | - | 37.52 | 26.37 | 28.19 | 54.55 |
| Normalized Income | - | 37.52 | 26.34 | 28.19 | 54.55 |
| Diluted NI Availto Com Stockholders | - | 37.52 | 26.37 | 28.19 | 54.55 |
| Basic Average Shares | - | 2.14 | 2.15 | 2.18 | 2.18 |
| Diluted Average Shares | - | 2.20 | 2.19 | 2.19 | 2.20 |
| Reconciled Depreciation | - | 0.49 | 0.68 | 0.75 | 0.75 |
| Total Unusual Items | - | 0 | 0.04 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0.04 | 0 | 0 |
| Special Income Charges | - | 0 | 0.04 | 0 | 0 |
| Other Special Charges | -2.34 | - | -0.04 | - | - |
| Gain On Sale Of Security | - | -21.78 | 15.15 | 20.38 | 28.78 |
| General And Administrative Expense | - | 21.40 | 22.99 | 23.68 | 24.42 |
| Other Gand A | - | 3.71 | 3.87 | 3.68 | 3.78 |
| Salaries And Wages | - | 15.83 | 16.41 | 16.91 | 17.79 |
| Insurance And Claims | - | 1.86 | 2.70 | 3.10 | 2.84 |
| Selling And Marketing Expense | - | 1.03 | 0.77 | 0.57 | 0.62 |
| Occupancy And Equipment | - | 1.38 | 1.63 | 1.66 | 1.74 |
| Other Non Interest Expense | - | 2.78 | 2.87 | 3.10 | 3.22 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hingham Institution for Savingsthis co. | HIFS | $634M | 11.62↑ premium | 1.32 | 11.4% | - |
| Bit Digital, Inc. | BTBT | $646M | -8.04 | 0.90 | -11.2% | -14.07 |
| GCM Grosvenor Inc. | GCMG | $644M | 14.19 | 23.85 | 168.1% | 4.84 |
| Heritage Insurance Holdings, Inc. | HRTG | $642M | 3.28 | 1.27 | 38.7% | - |
| Hippo Holdings Inc. | HIPO |
| - |
| - |
| - |
| - |
| - |
| - |
| $635M |
| 11.01 |
| 1.46 |
| 13.2% |
| - |
| Washington Trust Bancorp, Inc. | WASH | $633M | 12.12 | 1.17 | 9.6% | - |
| Carter Bankshares, Inc. | CARE | $631M | 20.12 | 1.50 | 7.5% | - |
| California BanCorp | BCAL | $621M | 9.84 | 1.08 | 10.9% | - |
| Donegal Group Inc. | DGICA | $619M | 7.81 | 0.97 | 12.4% | - |
| Peer Median | - | 10.43 | 1.22 | 11.7% | -4.62 | |