Hingham Savings Q3 Core EPS Up 39% as Net Interest Margin Widens to 2.23%
HINGHAM, Mass. — Hingham Institution for Savings (Nasdaq: HIFS) reported third-quarter 2026 results on October 16 via GlobeNewswire: net income of $12,674,000, or $5.76 per basic share and $5.72 diluted, versus $17,295,000, or $7.93 basic and $7.85 diluted, a year earlier, a 27.1% decrease in diluted EPS. Core net income, excluding the after-tax net gain on equity securities, realized and unrealized, was $11,895,000, or $5.37 per diluted share, versus $8,509,000, or $3.86, with core diluted EPS up 39.1%.
Annualized return on equity was 9.74% and return on assets 1.11% for the quarter, with core ROE of 9.15% and core ROA of 1.04%. For the nine months, net income was $40,968,000, or $18.51 diluted, up 20.4% from $33,833,000, or $15.37. Total assets were $4.581 billion, net loans $3.918 billion, retail and commercial deposits $2.084 billion, non-interest-bearing deposits $520.2 million and wholesale funds $1.930 billion; book value per share was $235.93, up 11.5% year over year.
The third-quarter net interest margin was 2.23%, up 49 basis points year over year and 9 basis points sequentially; the efficiency ratio was 32.81%. Non-performing assets were 0.89% of total assets and non-performing loans 0.93% of total loans, with no charge-offs in the first nine months of 2026 or 2025. The bank declared its regular quarterly dividend of $0.63 per share on September 30 — its 131st consecutive quarterly dividend — payable November 12 to holders of record November 2; a $20.0 million repurchase program approved in December 2025 expires December 4, 2026, with no shares repurchased yet. Founded in 1834, the bank has offices in Boston, Nantucket, Washington, D.C. and San Francisco.
Published by GSM · USA (original Chinese edition)
Photo: Hingham Institution for Savings官方标志 / Hingham Institution for Savings official logo
