Hingham Institution for Savings
Family-run multifamily and commercial real estate lender concentrated in a handful of coastal U.S. markets.
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Profile
Lends against multifamily and commercial real estate across a handful of coastal markets — the Boston South Shore, Nantucket, Washington D.C., and the San Francisco Bay Area — funded by branch deposits and wholesale borrowing. Family-run since 1993, it operates with an unusually lean staff and a long-run, low-risk lending discipline.
Lends against multifamily and commercial real estate in a handful of coastal markets — Boston's South Shore, Nantucket, Washington D.C., and the San Francisco Bay Area — funded by branch deposits and wholesale borrowings such as Federal Home Loan Bank advances.
Family-controlled since a 1993 proxy contest that replaced management after a lending crisis, it runs with a lean staff and writes long-run, owner-oriented shareholder letters that favor discipline over growth and rule out unfamiliar business lines.
Chartered in Massachusetts as a savings bank, it reports to the FDIC rather than the SEC and has grown almost entirely from retained earnings, not acquisitions. Long-duration real estate loans funded by faster-repricing deposits and wholesale borrowing make earnings sensitive to the interest-rate cycle.
Company facts
Categories
Key statistics
Year to date +8.9% · Average volume (30d) 51.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 17, 2026Q2 FY26 | — | $4.82 | — | — | $72.0M | — | −1.19% |
| Apr 17, 2026Q1 FY26 | — | $4.79 | — | — | $42.1M | — | −5.96% |
| Jan 16, 2026Q4 FY25 | — | $4.54 | — | — | $66.8M | — | −0.69% |
| Oct 10, 2025Q3 FY25 | — | $3.86 | — | — | $64.5M | — | −4.59% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $51.4M | $54.1M | $64.5M | $66.8M | $42.1M | $72.0M | |
| Gross profit | $17.3M | $20.4M | $30.6M | $35.0M | $11.9M | $42.2M | |
| Operating income | $9.8M | $12.9M | $23.1M | $27.0M | $4.2M | $33.4M | |
| Net income | $7.1M | $9.4M | $17.3M | $20.7M | $2.9M | $25.4M | |
| Diluted EPS | $3.24 | $4.28 | $7.85 | $9.39 | $1.29 | $11.49 | |
| Gross margin | 33.7% | 37.7% | 47.5% | 52.4% | 28.4% | 58.6% | |
| Operating margin | 19.1% | 23.8% | 35.9% | 40.4% | 10.0% | 46.5% |
Fiscal years (4-quarter sums)FY21 $123.5M · FY22 $118.3M · FY23 $190.6M · FY24 $217.3M · FY25 $236.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $5.5M · Total debt $1.41B · Total assets $4.56B · Shareholders' equity $507.4M
Dividends
Raised for 31 straight years — most recently to $0.63 from $0.61 in Apr 2023. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 3, 2026 | Aug 3 | Aug 12 | $0.63 | |
| May 4, 2026 | May 4 | May 13 | $0.63 | |
| Jan 5, 2026 | Jan 5 | Jan 14 | $1.33 | special dividend |
| Nov 3, 2025 | Nov 3 | Nov 12 | $0.63 | |
| Aug 4, 2025 | Aug 4 | Aug 13 | $0.63 | |
| May 5, 2025 | May 5 | May 14 | $0.63 | |
| Jan 6, 2025 | Jan 6 | Jan 15 | $0.63 | |
| Nov 4, 2024 | Nov 4 | Nov 13 | $0.63 |
Ownership
Shares outstanding 2.18M · Float 1.61M · 73.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Maren Capital LLC | 193.5K | 8.88% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 153.5K | 7.04% | 13F | Aug 7, 2026 |
| Doma Perpetual Capital Management LLC | 123.4K | 5.66% | 13F | Aug 12, 2026 |
| Royce & Associates LP | 109.4K | 5.02% | 13F | Aug 14, 2026 |
| State Street Corp | 90.2K | 4.14% | 13F | Aug 7, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Independent Bank
Head-to-head in South Shore branches and Greater Boston multifamily lending
- Eastern Bankshares
Greater Boston CRE lending and affluent private-banking competition
- Eagle Bancorp
Direct rival in Washington D.C. commercial real estate lending
- Beacon Financial
Greater Boston multifamily/CRE rival via the former Brookline Bank
- Washington Trust Bancorp
Expanding rival for Greater Boston multifamily/CRE and deposits
- Bank of Marin
Head-to-head in San Francisco Bay Area multifamily and CRE lending
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hingham Institution for Savings | $295.67 | −0.06% | $644.6M | 9.8 | — | 2.6 | +33.1% |
| Independent Bank | $82.06 | −0.07% | $3.96B | 14.8 | 10.7 | 3.2 | +1.1% |
| Eastern Bankshares | $22.29 | −0.04% | $5.15B | 12.7 | 11.1 | 3.6 | +29.6% |
| Eagle Bancorp | $27.57 | −0.07% | $840.8M | — | 14.8 | 1.4 | −1.5% |
| Beacon Financial | $31.39 | 0.00% | $2.64B | 23.8 | 9.9 | 2.3 | +92.8% |
| Washington Trust Bancorp | $39.47 | +0.05% | $752.5M | 13.7 | 11.5 | 2.0 | +11.4% |
| Bank of Marin | $26.63 | +0.04% | $431.1M | 6.5 | 11.5 | 2.1 | +73.1% |
| Median | 13.7 | 11.3 | 2.2 | +20.5% |