Hingham Inst Stock Price, News & Analysis

Hingham Institution for Savings (NASDAQ: HIFS) reported strong financial results for Q2 2021. Net income reached $20.42 million, a 25.7% increase from Q2 2020, translating to $9.54 per share. Year-to-date net income rose 97% to $36.77 million. The bank's net interest margin improved to 3.46%, and total assets increased by 8% to $2.974 billion, with net loans growing 11% to $2.63 billion. The efficiency ratio improved to 21.37%, reflecting expense management. A regular cash dividend of $0.51 per share was declared, marking the 110th consecutive quarterly dividend.

Hingham Institution for Savings (NASDAQ: HIFS) reported significant growth for Q1 2021, posting a net income of $16.35 million, or $7.65 per share, compared to $2.19 million, or $1.02 per share, in Q1 2020. The annualized return on average equity was 21.72%, a rise from 3.46% year-over-year. Core net income also rose by 61% to $13.73 million. Total assets decreased by 2% YTD to $2.84 billion, but net loans grew by 2% and total deposits surged by 25%. The bank continues to manage its funding mix effectively, achieving a net interest margin of 3.54%. Additionally, it declared a 4% increase in its regular quarterly dividend.

Hingham Institution for Savings (NASDAQ:HIFS) has declared a quarterly cash dividend of $0.49 per share, marking a 4% increase from the previous dividend of $0.47. The dividend will be paid on April 21, 2021 to stockholders of record by April 12, 2021. This is the 109th consecutive quarterly dividend, with regular increments observed over the last 26 years. The Bank evaluates capital allocation options regularly, indicating potential for special dividends based on capital requirements.

HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS) reported strong earnings for 2020, with net income of $50.77 million ($23.25 per diluted share), up from $38.93 million ($17.83 per diluted share) in 2019. Core net income also increased to $44.6 million ($20.43 per diluted share), a 35% rise. The bank achieved a return on average equity of 18.96% and a net interest margin of 3.22%. Total assets grew by 10% to $2.86 billion, while total deposits surged 17% to $2.14 billion. The efficiency ratio improved to 25.41%, indicating better cost management.

HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS) has declared a quarterly cash dividend of $0.47 per share, marking a 4% increase from the previous $0.45. The dividend will be paid on January 13, 2021 to stockholders of record as of January 4, 2021. Additionally, a special dividend of $0.70 per share will also be paid on the same date. This marks the 108th consecutive quarterly dividend for the Bank, with regular increases seen over the last twenty-five years and special dividends declared in each of the last twenty-six years.

HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS) reported robust third-quarter results for 2020. Net income surged to $15.21 million ($7.12 per share) from $9.03 million ($4.23 per share) year-over-year. The annualized return on average equity increased to 22.23%, up from 15.33% in 2019, while core net income rose 41% to $12.39 million. Total assets reached $2.72 billion, a 10% increase from the previous year. The bank's net interest margin improved to 3.46%, along with a notable 37% growth in non-interest bearing deposits. These figures reflect strong operational performance amid economic uncertainties.

The Hingham Institution for Savings (NASDAQ:HIFS) has declared a quarterly cash dividend of $0.45 per share, marking a 5% increase from the previous dividend of $0.43. The dividend will be paid on October 14, 2020, to stockholders of record as of October 5, 2020. This announcement highlights the Bank's strong returns on equity and commitment to returning capital to shareholders, evidenced by its 107th consecutive quarterly dividend and a history of increasing dividends over the past twenty-five years.

HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS) reported strong second-quarter 2020 results, with net income rising to $16.34 million ($7.65 per share) compared to $8.71 million ($4.08 per share) in Q2 2019. The annualized return on average equity jumped to 25.28% from 15.32% year-over-year, and core net income increased by 41% to $10.94 million. Total assets surged 10% to $2.72 billion, with loans increasing 14% to $2.38 billion. The Bank also reported a robust efficiency ratio of 25.28%, reflecting improved operational performance amidst economic uncertainty.

Hingham Institution for Savings (NASDAQ:HIFS) declared a quarterly cash dividend of $0.43 per share, marking a 2% increase from last quarter's $0.42. The dividend will be paid on July 15, 2020, to stockholders of record as of July 6, 2020. CEO Robert H. Gaughen, Jr. emphasized the bank's focus on capital allocation, defensive underwriting, and cost control amidst uncertain economic conditions. HIFS has consistently increased dividends for over 25 years and aims to return capital to shareholders through regular and special dividends.