Hingham Institution for Savings (HIFS)

HIFS Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	184.43	177.61	156.68	132.09	109.45	103.8
Interest Income on Investments	19.53	18.29	17.58	6.94	1.04	2.57
Total Interest Income	203.96	195.9	174.26	139.03	110.49	106.36
Interest Paid on Deposits	74.64	85.18	71.43	16.88	6.87	16.19
Interest Paid on Borrowings	62.46	66.35	54.53	16.01	1.16	4.97
Total Interest Expense	137.1	151.52	125.96	32.89	8.03	21.16
Net Interest Income	66.86	44.37	48.3	106.13	102.47	85.2
Net Interest Income Growth (YoY)	65.87%	-8.13%	-54.49%	3.58%	20.26%	27.36%
Gain (Loss) on Sale of Assets	-	-	0.04	-	2.34	0.22
Gain (Loss) on Sale of Investments	23.57	20.38	15.15	-21.78	11.82	7.92
Other Non-Interest Income	0.58	0.55	0.56	0.46	0.41	0.38
Total Non-Interest Income	24.69	21.48	16.3	-20.72	15.31	9.19
Non-Interest Income Growth (YoY)	32.06%	31.75%	-	-	66.54%	4.12%
Revenues Before Loan Losses	91.55	65.85	64.61	85.42	117.77	94.4
Provision for Loan Losses	1.03	0.33	1.12	4.51	3.03	2.29
Revenue	90.53	65.53	63.49	80.91	114.75	92.11
Revenue Growth (YoY)	54.99%	3.21%	-21.53%	-29.49%	24.58%	24.20%
Salaries and Employee Benefits	17.33	16.74	16.37	15.81	13.95	13.08
Occupancy Expenses	1.47	1.41	1.38	1.13	1.19	1.51
Federal Deposit Insurance	2.95	3.1	2.7	1.86	0.93	0.86
Selling, General & Administrative	7.87	7.69	7.8	7.76	6.06	6.01
Total Non-Interest Expense	29.7	29.01	28.26	26.59	22.08	21.98
EBT Excluding Unusual Items	60.83	36.52	35.23	54.32	92.67	70.13
Pretax Income	60.83	36.52	35.23	54.32	92.67	70.13
Income Tax Expense	15.62	8.32	8.86	16.8	25.21	19.36
Net Income	45.21	28.19	26.37	37.52	67.46	50.77
Net Income to Common	45.21	28.19	26.37	37.52	67.46	50.77
Net Income Growth	95.44%	6.90%	-29.71%	-44.38%	32.87%	30.43%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
Shares Change (YoY)	0.49%	0.05%	-0.41%	0.04%	0.83%	-
EPS (Basic)	20.74	12.95	12.26	17.49	31.51	23.76
EPS (Diluted)	20.54	12.85	12.02	17.04	30.65	23.25
EPS Growth	94.74%	6.91%	-29.46%	-44.41%	31.83%	30.40%
Dividend Per Share	2.520	2.520	2.520	2.400	2.080	1.770
Dividend Growth	-	-	5.00%	15.38%	17.51%	12.03%
Effective Tax Rate	25.68%	22.80%	25.15%	30.92%	27.21%	27.60%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.