Hingham Reports Third Quarter 2026 Results
Hingham Institution for Savings reported Q3 2026 net income of $12.7 million, or $5.72 diluted EPS, down 27.1% YoY as prior-year equity-securities gains did not repeat. Excluding those gains, core net income was $11.9 million ($5.37 diluted EPS), up 39.1% YoY, with net interest margin expanding 49 bps YoY to 2.23% and the efficiency ratio improving to 32.81%. Credit was mixed: non-performing assets rose to 0.89% of total assets, including a $30.6 million non-performing CRE loan carrying a $3.0 million specific reserve, though the bank recorded no charge-offs in the first nine months. The board declared a $0.63 quarterly dividend — the 131st consecutive — and noted a $20 million buyback authorization expires December 4, 2026 with no shares yet repurchased.
Hingham Reports Second Quarter 2026 Results
Hingham reported Q2 2026 net income of $25.4 million, or $11.49 per share diluted, with core net income rising 42% to $10.7 million, or $4.82 per share. The bank benefited from a 48 basis point expansion in net interest margin to 2.14%, driven by growth in non-interest-bearing deposits and reduced funding costs. Asset quality metrics showed some strain, with non-performing assets rising to 0.78% of total assets, including a $30.6 million non-performing commercial real estate loan secured by a development site in Washington, D.C.
