Hingham Institution for Savings posted net income of $2.85 million ($1.30 basic; $1.29 diluted) in Q1 2026, down 60.2% from $7.12 million ($3.27/$3.24) a year earlier, driving ROE to 2.33% and ROA to 0.25%. Excluding after-tax equity securities gains, core net income reached $10.58 million ($4.84 basic; $4.79 diluted), up 72.3%, lifting core ROE to 8.66% and core ROA to 0.94%.

Total assets edged up 0.5% annualized to $4.548 billion, while net loans fell 0.3% annualized to $3.896 billion. Retail and commercial deposits grew 9.3% annualized to $2.104 billion, with non-interest-bearing balances rising 39.3% annualized to $513.6 million, offsetting an 8.9% annualized decline in wholesale funding to $1.913 billion.

The net interest margin widened to 2.04%, up 15 basis points from Q4 2025, driven by a 14 bp drop in funding costs as retail and commercial deposit rates repriced lower and longer-term liabilities were added, while yields on earning assets saw modest increases.

Book value per share reached $220.06, up 9.7% year-over-year, and the bank declared a $0.63 regular dividend for Q2, marking its 129th consecutive quarterly payout. A $20 million share repurchase program was approved in December 2025, though no shares have been bought back to date, and the bank maintains $999.1 million in available borrowing capacity plus $386.8 million in cash.