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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	181.8	177.61	156.68	132.09	109.45	103.8
Interest Income on Investments	18.72	18.29	17.58	6.94	1.04	2.57
Total Interest Income	200.51	195.9	174.26	139.03	110.49	106.36
Interest Paid on Deposits	78.35	85.18	71.43	16.88	6.87	16.19
Interest Paid on Borrowings	63.17	66.35	54.53	16.01	1.16	4.97
Total Interest Expense	141.52	151.52	125.96	32.89	8.03	21.16
Net Interest Income	59	44.37	48.3	106.13	102.47	85.2
Net Interest Income Growth (YoY)	48.19%	-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	15.74	20.38	15.15	-21.78	11.82	7.92
Other Non-Interest Income	0.57	0.55	0.56	0.46	0.41	0.38
Total Non-Interest Income	16.86	21.48	16.3	-20.72	15.31	9.19
Non-Interest Income Growth (YoY)	6.84%	31.75%	-	-	66.54%	4.12%
Revenues Before Loan Losses	75.86	65.85	64.61	85.42	117.77	94.4
Provision for Loan Losses	0.79	0.33	1.12	4.51	3.03	2.29
Revenue	75.07	65.53	63.49	80.91	114.75	92.11
Revenue Growth (YoY)	37.00%	3.21%	-21.53%	-29.49%	24.58%	24.20%
Salaries and Employee Benefits	17.03	16.74	16.37	15.81	13.95	13.08
Occupancy Expenses	1.44	1.41	1.38	1.13	1.19	1.51
Federal Deposit Insurance	3	3.1	2.7	1.86	0.93	0.86
Selling, General & Administrative	7.98	7.69	7.8	7.76	6.06	6.01
Total Non-Interest Expense	29.51	29.01	28.26	26.59	22.08	21.98
EBT Excluding Unusual Items	45.56	36.52	35.23	54.32	92.67	70.13
Pretax Income	45.56	36.52	35.23	54.32	92.67	70.13
Income Tax Expense	11.8	8.32	8.86	16.8	25.21	19.36
Net Income	33.76	28.19	26.37	37.52	67.46	50.77
Net Income to Common	33.76	28.19	26.37	37.52	67.46	50.77
Net Income Growth	64.02%	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)	0.46%	0.05%	-0.41%	0.04%	0.83%	-
EPS (Basic)	15.49	12.95	12.26	17.49	31.51	23.76
EPS (Diluted)	15.35	12.85	12.02	17.04	30.65	23.25
EPS Growth	63.41%	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	25.90%	22.80%	25.15%	30.92%	27.21%	27.60%

Updated Jul 11, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.