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1. Company Snapshot

1.a. Company Description

Hingham 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.

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1.b. Last Insights on HIFS

Hingham Institution for Savings' recent performance was negatively driven by a decline in net interest income and higher operating expenses. The company reported a 3.1% decrease in net interest income for 2024, primarily due to a decrease in the net interest margin. Additionally, non-interest expenses increased by 6.8%, driven by higher salaries and benefits, as well as an increase in operating expenses. The company's return on equity (ROE) also decreased to 17.1% in 2024.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Bank stock sell-off due to fear with First Brands, says Commerce Street's Dory Wiley

Oct -16

Source: youtube.com

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Hingham Savings Reports Third Quarter 2025 Results

Oct -10

Source: globenewswire.com

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Hingham Institution for Savings: The Only Bank Stock You Need To Own

Jul -19

Source: seekingalpha.com

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Hingham Savings Reports Second Quarter 2025 Results

Jul -11

Source: globenewswire.com

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Hingham Savings Reports First Quarter 2025 Results

Apr -11

Source: globenewswire.com

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Hingham Savings Reports 2024 Results

Jan -17

Source: globenewswire.com

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Hingham Savings Declares Regular Dividend

Nov -25

Source: globenewswire.com

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Hingham Savings Reports Third Quarter 2024 Results

Oct -11

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Banking and Related Activities

Expected Growth: 4.5%

Growing demand for traditional banking services, increasing population and economic growth in Massachusetts, and Hingham Institution's strong reputation and customer loyalty are expected to drive growth.

7. Detailed Products

Personal Checking

A checking account designed for individuals, offering convenient banking services and online bill pay.

Business Checking

A checking account designed for businesses, offering cash management tools and online banking services.

Savings Accounts

A savings account that earns interest, offering a secure way to grow your savings.

Certificates of Deposit (CDs)

A time deposit with a fixed interest rate and maturity date, offering a low-risk investment option.

Mortgage Loans

A loan for purchasing or refinancing a home, offering competitive rates and flexible repayment terms.

Home Equity Loans

A loan that uses the equity in your home as collateral, offering a low-interest rate and flexible repayment terms.

Commercial Loans

A loan for businesses, offering financing for equipment, real estate, and working capital.

Online Banking

A digital banking platform that allows customers to manage their accounts, pay bills, and transfer funds online.

Mobile Banking

A mobile banking app that allows customers to manage their accounts, deposit checks, and transfer funds on-the-go.

8. Hingham Institution for Savings's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Hingham Institution for Savings is moderate, as customers have alternative banking options available.

Bargaining Power Of Customers

The bargaining power of customers is low, as Hingham Institution for Savings has a strong customer base and offers personalized services.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate, as Hingham Institution for Savings relies on a few key suppliers for its operations.

Threat Of New Entrants

The threat of new entrants is high, as the banking industry is highly competitive and new fintech companies are emerging.

Intensity Of Rivalry

The intensity of rivalry is high, as Hingham Institution for Savings operates in a highly competitive market with many established players.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 80.59%
Debt Cost 4.30%
Equity Weight 19.41%
Equity Cost 8.95%
WACC 5.20%
Leverage 415.32%

11. Quality Control: Hingham Institution for Savings passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Hingham Savings

A-Score: 4.2/10

Value: 4.0

Growth: 4.2

Quality: 4.6

Yield: 2.0

Momentum: 6.0

Volatility: 4.7

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A-Score: 4.2/10

Value: 4.4

Growth: 2.1

Quality: 2.6

Yield: 0.0

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

301.04$

Current Price

301.04$

Potential

-0.00%

Expected Cash-Flows