Hingham Institution for Savings (HIFS) 10-Year Financial Performance & Capital Metrics

HIFS • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutHingham Institution for Savings provides various financial products and services to individuals and businesses in the United States. It offers savings, checking, money market, demand deposit, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company also provides commercial and residential real estate, construction, home equity, commercial, and consumer loans. In addition, it offers ATMs, debit cards, and Internet-based banking services. The company offers its services through a network of six offices in Boston and eastern Massachusetts; and commercial lenders and relationship managers in Washington. Hingham Institution for Savings was incorporated in 1834 and is headquartered in Hingham, Massachusetts.Show more

Net Interest Income $44M -8.1%
Total Revenue $217M +14.1%
Net Income $28M +6.9%
Return on Equity 6.72% +1.1%
Net Interest Margin 1% -7.6%
Efficiency Ratio 13.35% -9.9%
ROA 0.63% +3.7%
Equity / Assets 9.69% +6.5%
Book Value per Share 196.79 +5.9%
Tangible BV/Share 196.79 +5.9%
Debt/Equity 3.47 -16.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 13.3% efficiency ratio
✓Trading at only 1.5x book value

✗Weaknesses

✗High debt to equity ratio of 3.5x
✗Weak NIM of 1.0%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y13%

5Y13.43%

3Y20.75%

TTM-

Profit (Net Income) CAGR

10Y2.39%

5Y-6.25%

3Y-25.24%

TTM64.02%

EPS CAGR

10Y2.1%

5Y-6.34%

3Y-25.16%

TTM63.4%

ROCE

10Y Avg5.93%

5Y Avg5.6%

3Y Avg2.66%

Latest2.15%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	50.95M	58.38M	63.8M	65.78M	66.9M	85.2M	102.47M	106.13M	48.3M	44.37M
NII Growth %	0.1%	0.15%	0.09%	0.03%	0.02%	0.27%	0.2%	0.04%	-0.54%	-0.08%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	61.86M	71.77M	81.06M	94.17M	106.95M	106.36M	110.49M	139.03M	174.26M	195.9M
Interest Expense	10.91M	13.38M	17.26M	28.38M	40.05M	21.16M	8.03M	32.89M	125.96M	151.52M
Loan Loss Provision	625K	1.14M	1.5M	1.27M	1.57M	2.29M	3.03M	4.51M	1.12M	328K
Non-Interest Income+	1.48M	1.74M	1.41M	-1.74M	8.83M	8.97M	12.97M	-20.72M	16.26M	21.48M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	63.34M	73.5M	82.47M	92.43M	115.78M	115.34M	123.46M	118.31M	190.52M	217.38M
Revenue Growth %	-0.01%	0.16%	0.12%	0.12%	0.25%	-0%	0.07%	-0.04%	0.61%	0.14%
Non-Interest Expense	19.03M	19.21M	19.58M	20.05M	20.61M	21.76M	19.74M	26.59M	28.21M	29.01M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	32.78M	39.77M	44.13M	42.73M	53.55M	70.13M	92.67M	54.31M	35.19M	36.52M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.02%	0.21%	0.11%	-0.03%	0.25%	0.31%	0.32%	-0.41%	-0.35%	0.04%
Pretax Income+	32.78M	39.77M	44.13M	42.73M	53.55M	70.13M	92.67M	54.31M	35.23M	36.52M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	13.43M	16.35M	18.37M	12.33M	14.62M	19.36M	25.21M	16.8M	8.86M	8.32M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	19.35M	23.42M	25.76M	30.4M	38.93M	50.77M	67.46M	37.52M	26.37M	28.19M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.13%	0.21%	0.1%	0.18%	0.28%	0.3%	0.33%	-0.44%	-0.3%	0.07%
Net Income (Continuing)	19.35M	23.42M	25.76M	30.4M	38.93M	50.77M	67.46M	37.52M	26.37M	28.19M
EPS (Diluted)+	9.02	10.89	11.81	13.90	17.83	23.26	30.65	17.04	12.03	12.85
EPS Growth %	-0.14%	0.21%	0.08%	0.18%	0.28%	0.3%	0.32%	-0.44%	-0.29%	0.07%
EPS (Basic)	9.09	10.99	12.08	14.25	18.24	23.76	31.51	17.49	12.26	12.95
Diluted Shares Outstanding	2.15M	2.15M	2.18M	2.19M	2.18M	2.18M	2.2M	2.2M	2.19M	2.19M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	267.22M	322.93M	355.23M	295.98M	252.15M	233.99M	271.16M	362.03M	362.48M	351.83M
Short Term Investments	1000K	1000K	1000K	14K	11K	6K	0	0	0	0
Total Investments+	1.45B	1.63B	1.87B	2.05B	2.27B	2.56B	3.09B	3.72B	4B	3.99B
Investments Growth %	0.1%	0.13%	0.14%	0.1%	0.11%	0.13%	0.21%	0.2%	0.07%	-0%
Long-Term Investments	1.41B	1.61B	1.83B	2.05B	2.27B	2.56B	3.09B	3.72B	4B	3.99B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	15.09M	14.46M	14.07M	14.55M	14.55M	15.25M	15.82M	17.86M	17.01M	16.4M
Other Assets	33.53M	38.37M	41.31M	43.47M	43.26M	40.63M	47.64M	78.25M	97.39M	96.05M
Total Current Assets	311.09M	353.63M	393.93M	300.57M	257.08M	239.26M	276.63M	369.15M	371.03M	360.6M
Total Non-Current Assets	1.46B	1.66B	1.89B	2.11B	2.33B	2.62B	3.15B	3.82B	4.11B	4.11B
Total Assets+	1.77B	2.01B	2.28B	2.41B	2.59B	2.86B	3.43B	4.19B	4.48B	4.46B
Asset Growth %	0.14%	0.14%	0.13%	0.05%	0.08%	0.1%	0.2%	0.22%	0.07%	-0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%
Accounts Payable	303K	400K	575K	2.19M	960K	252K	198K	4.53M	12.26M	8.24M
Total Debt+	403.39M	476.19M	579.98M	607.35M	505.89M	408.03M	665M	1.28B	1.69B	1.5B
Net Debt	136.17M	153.25M	224.75M	311.38M	253.74M	174.04M	393.84M	913.97M	1.33B	1.15B
Long-Term Debt	403.39M	476.19M	579.98M	607.35M	505.89M	408.03M	665M	1.28B	1.69B	810M
Short-Term Debt	0	0	0	0	0	0	0	0	0	687M
Other Liabilities	9.49M	10.48M	12.03M	13.32M	15.44M	16.67M	17.95M	22.02M	21.41M	28.68M
Total Current Liabilities	1.22B	1.37B	1.51B	1.58B	1.82B	2.14B	2.39B	2.51B	2.36B	3.19B
Total Non-Current Liabilities	412.88M	486.67M	592M	620.67M	521.33M	424.7M	683.49M	1.3B	1.71B	838.68M
Total Liabilities	1.63B	1.85B	2.1B	2.2B	2.34B	2.56B	3.08B	3.81B	4.08B	4.03B
Total Equity+	138.01M	161.02M	186.16M	212.58M	247.22M	292.94M	354.61M	385.97M	407.62M	431.75M
Equity Growth %	0.14%	0.17%	0.16%	0.14%	0.16%	0.18%	0.21%	0.09%	0.06%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.15%	0.16%	0.15%	0.15%	0.17%	0.19%	0.21%	0.1%	0.07%	0.07%
Book Value per Share	64.34	74.83	85.35	97.20	113.25	134.19	161.11	175.28	185.87	196.79
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	2.13M	2.13M	2.13M	2.13M	2.14M	2.14M	2.14M	2.15M	2.16M	2.18M
Additional Paid-in Capital	11.05M	11.57M	11.75M	11.86M	12.23M	12.46M	12.73M	13.06M	14.15M	15.57M
Retained Earnings	124.48M	144.58M	165.6M	198.58M	232.85M	278.35M	339.74M	370.76M	391.31M	414M
Accumulated OCI	353K	2.74M	6.68M	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	20.22M	25.14M	27.44M	35.87M	33.17M	45.59M	59.01M	55.85M	19.75M	11.89M
Operating CF Growth %	0.11%	0.24%	0.09%	0.31%	-0.08%	0.37%	0.29%	-0.05%	-0.65%	-0.4%
Net Income	19.35M	23.42M	25.76M	30.4M	38.93M	50.77M	67.46M	37.52M	26.37M	28.19M
Depreciation & Amortization	766K	730K	650K	638K	652K	703K	543K	494K	685K	750K
Deferred Taxes	-723K	-541K	-371K	-957K	1.04M	450K	1.3M	-4.6M	3.24M	4.76M
Other Non-Cash Items	832K	1.01M	1.75M	4.65M	-5.58M	-5.34M	-10.71M	26.26M	-14.16M	-20.36M
Working Capital Changes	-108K	355K	-523K	1.03M	-2.04M	-1.07M	381K	-3.85M	3.58M	-1.63M
Cash from Investing+	-132.87M	-182.97M	-236.07M	-187.08M	-219.49M	-280.43M	-527.34M	-685.28M	-276.58M	32.48M
Purchase of Investments	-5.88M	-8.97M	-3.71M	-13.54M	-6.64M	-20.06M	-18.86M	-9M	-2.89M	-17.2M
Sale/Maturity of Investments	1000K	1000K	957K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-162.32M	-200.35M	-233.06M	-178.77M	-216.25M	-268.61M	-511.45M	-686.2M	-273.83M	48.77M
Cash from Financing+	196.44M	219.75M	240.93M	91.95M	142.49M	216.68M	505.5M	720.3M	257.27M	-55.02M
Dividends Paid	-4.56M	-3.24M	-3.45M	-3.69M	-4.35M	-4.93M	-5.78M	-6.58M	-6.77M	-5.48M
Share Repurchases	0	0	0	0	-214K	-152K	-233K	-316K	0	0
Stock Issued	0	0	0	0	214K	152K	233K	316K	1.06M	1.27M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	-1000K
Other Financing	128.18M	150.19M	140.59M	68.27M	248.31M	319.32M	254.08M	115.56M	-153.69M	144.88M
Net Change in Cash+	83.79M	61.92M	32.3M	-59.25M	-43.83M	-18.16M	37.17M	90.87M	444K	-10.65M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	177.22M	261.01M	322.93M	355.23M	295.98M	252.15M	233.99M	271.16M	362.03M	362.48M
Cash at End	261.01M	322.93M	355.23M	295.98M	252.15M	233.99M	271.16M	362.03M	362.48M	351.83M
Interest Paid	10.96M	13.29M	17.09M	26.77M	41.28M	21.87M	118.23M	28.57M	118.23M	155.54M
Income Taxes Paid	14.06M	16.91M	18.74M	13.38M	13.58M	18.83M	24.06M	21.21M	8.61M	625K
Free Cash Flow+	19.57M	25.04M	27.18M	34.74M	32.52M	44.06M	57.41M	53.33M	18.45M	11.75M
FCF Growth %	0.09%	0.28%	0.09%	0.28%	-0.06%	0.35%	0.3%	-0.07%	-0.65%	-0.36%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.91%	15.67%	14.84%	15.25%	16.93%	18.8%	20.83%	10.13%	6.65%	6.72%
Return on Assets (ROA)	1.17%	1.24%	1.2%	1.3%	1.56%	1.86%	2.15%	0.98%	0.61%	0.63%
Net Interest Margin	2.88%	2.9%	2.79%	2.73%	2.58%	2.98%	2.99%	2.53%	1.08%	1%
Efficiency Ratio	30.04%	26.14%	23.74%	21.69%	17.81%	18.87%	15.99%	22.48%	14.81%	13.35%
Equity / Assets	7.8%	7.99%	8.15%	8.83%	9.54%	10.25%	10.34%	9.2%	9.09%	9.69%
Book Value / Share	64.34	74.83	85.35	97.2	113.25	134.19	161.11	175.28	185.87	196.79
NII Growth	10.14%	14.59%	9.27%	3.11%	1.7%	27.36%	20.26%	3.58%	-54.49%	-8.13%
Dividend Payout	23.55%	13.82%	13.41%	12.14%	11.18%	9.72%	8.57%	17.54%	25.68%	19.45%

Frequently Asked Questions

Valuation & Price

Hingham Institution for Savings (HIFS) has a price-to-earnings (P/E) ratio of 22.5x. This is roughly in line with market averages.

Growth & Financials

Hingham Institution for Savings (HIFS) grew revenue by 14.1% over the past year. This is steady growth.

Yes, Hingham Institution for Savings (HIFS) is profitable, generating $33.8M in net income for fiscal year 2024 (13.0% net margin).

Dividend & Returns

Yes, Hingham Institution for Savings (HIFS) pays a dividend with a yield of 0.87%. This makes it attractive for income-focused investors.

Hingham Institution for Savings (HIFS) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.

Industry Metrics

Hingham Institution for Savings (HIFS) has a net interest margin (NIM) of 1.0%. NIM has been under pressure due to interest rate environment.

Hingham Institution for Savings (HIFS) has an efficiency ratio of 13.3%. This is excellent, indicating strong cost control.

US Stock Screener

...