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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	179.71	177.61	156.68	132.09	109.45	103.8
Interest Income on Investments	18.57	18.29	17.58	6.94	1.04	2.57
Total Interest Income	198.28	195.9	174.26	139.03	110.49	106.36
Interest Paid on Deposits	82.65	85.18	71.43	16.88	6.87	16.19
Interest Paid on Borrowings	64.3	66.35	54.53	16.01	1.16	4.97
Total Interest Expense	146.95	151.52	125.96	32.89	8.03	21.16
Net Interest Income	51.33	44.37	48.3	106.13	102.47	85.2
Net Interest Income Growth (YoY)	20.84%	-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	15.69	20.38	15.15	-21.78	11.82	7.92
Other Non-Interest Income	0.55	0.55	0.56	0.46	0.41	0.38
Total Non-Interest Income	16.78	21.48	16.3	-20.72	15.31	9.19
Non-Interest Income Growth (YoY)	-10.32%	31.75%	-	-	66.54%	4.12%
Revenues Before Loan Losses	68.11	65.85	64.61	85.42	117.77	94.4
Provision for Loan Losses	0.52	0.33	1.12	4.51	3.03	2.29
Revenue	67.59	65.53	63.49	80.91	114.75	92.11
Revenue Growth (YoY)	12.43%	3.21%	-21.53%	-29.49%	24.58%	24.20%
Salaries and Employee Benefits	16.91	16.74	16.37	15.81	13.95	13.08
Occupancy Expenses	1.42	1.41	1.38	1.13	1.19	1.51
Federal Deposit Insurance	3.03	3.1	2.7	1.86	0.93	0.86
Selling, General & Administrative	7.84	7.69	7.8	7.76	6.06	6.01
Total Non-Interest Expense	29.25	29.01	28.26	26.59	22.08	21.98
EBT Excluding Unusual Items	38.34	36.52	35.23	54.32	92.67	70.13
Pretax Income	38.34	36.52	35.23	54.32	92.67	70.13
Income Tax Expense	9.89	8.32	8.86	16.8	25.21	19.36
Net Income	28.45	28.19	26.37	37.52	67.46	50.77
Net Income to Common	28.45	28.19	26.37	37.52	67.46	50.77
Net Income Growth	15.04%	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)	0.24%	0.05%	-0.41%	0.04%	0.83%	-
EPS (Basic)	13.05	12.95	12.26	17.49	31.51	23.76
EPS (Diluted)	12.96	12.85	12.02	17.04	30.65	23.25
EPS Growth	14.93%	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	25.80%	22.80%	25.15%	30.92%	27.21%	27.60%

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.