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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 85.42 | 64.56 | 65.85 | 104.35 |
| Pretax Income | 54.31 | 35.23 | 36.52 | 72.78 |
| Tax Provision | 16.80 | 8.86 | 8.32 | 18.23 |
| Net Income | 37.52 | 26.37 | 28.19 | 54.55 |
| Net Income Common Stockholders | 37.52 | 26.37 | 28.19 | 54.55 |
| Interest Expense | 32.89 | 125.96 | 151.52 | 132.43 |
| Interest Income | 139.03 | 174.26 | 195.90 | 206.83 |
| Selling General And Administration | 22.43 | 23.75 | 24.25 | 25.04 |
| Normalized Income | 37.52 | 26.34 | 28.19 | 54.55 |
| Basic EPS | 17.49 | 12.26 | 12.95 | 25.01 |
| Diluted EPS | 17.04 | 12.02 | 12.85 | 24.76 |
| Tax Effect Of Unusual Items | 0 | 0.01 | 0 | 0 |
| Tax Rate For Calcs | 0.31 | 0.25 | 0.23 | 0.25 |
| Total Unusual Items | 0 | 0.04 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0.04 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 37.52 | 26.37 | 28.19 | 54.55 |
| Reconciled Depreciation | 0.49 | 0.69 | 0.75 | 0.75 |
| Net Interest Income | 106.13 | 48.30 | 44.37 | 74.41 |
| Net Income From Continuing And Discontinued Operation | 37.52 | 26.37 | 28.19 | 54.55 |
| Diluted Average Shares | 2.20 | 2.19 | 2.19 | 2.20 |
| Basic Average Shares | 2.15 | 2.15 | 2.18 | 2.18 |
| Diluted NI Availto Com Stockholders | 37.52 | 26.37 | 28.19 | 54.55 |
| Net Income Including Noncontrolling Interests | 37.52 | 26.37 | 28.19 | 54.55 |
| Net Income Continuous Operations | 37.52 | 26.37 | 28.19 | 54.55 |
| Special Income Charges | 0 | 0.04 | 0 | 0 |
| Other Special Charges | 0 | -0.04 | 0 | 0 |
| Gain On Sale Of Security | -21.78 | 15.15 | 20.38 | 28.78 |
| Selling And Marketing Expense | 1.03 | 0.77 | 0.57 | 0.62 |
| General And Administrative Expense | 21.40 | 22.99 | 23.68 | 24.42 |
| Other Gand A | 3.71 | 3.87 | 3.68 | 3.78 |
| Insurance And Claims | 1.86 | 2.70 | 3.10 | 2.84 |
| Salaries And Wages | 15.83 | 16.41 | 16.91 | 17.79 |
| Operating Revenue | 85.42 | 64.56 | 65.85 | 104.35 |
| Occupancy And Equipment | 1.38 | 1.63 | 1.66 | 1.75 |
| Other Non Interest Expense | 2.78 | 2.87 | 3.10 | 3.21 |
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 | $620M | 11.47↑ premium | 1.29 | 11.4% | - |
| Community West Bancshares | CWBC | $640M | 10.93 | 1.08 | 9.3% | - |
| Shore Bancshares, Inc. | SHBI | $640M | 10.17 | 1.08 | 10.1% | - |
| GCM Grosvenor Inc. | GCMG | $637M | 25.52 | 24.09 | 35.6% | 7.26 |
| Third Coast Bancshares, Inc. | TCBX |
| $617M |
| 9.58 |
| 0.95 |
| 12.5% |
| - |
| Red River Bancshares, Inc. | RRBI | $614M | 14.63 | 1.68 | 11.7% | - |
| Greenlight Capital Re, Ltd. | GLRE | $609M | 8.38 | 0.87 | 10.6% | 6.88 |
| Northpointe Bancshares, Inc. | NPB | $600M | 7.76 | 1.05 | 14.7% | - |
| California BanCorp | BCAL | $598M | 10.16 | 1.05 | 10.9% | - |
| Peer Median | - | 10.17 | 1.07 | 11.3% | 7.07 | |