HINGHAM, Mass., July 17, 2026 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), Hingham, Massachusetts announced results for the quarter ended June 30, 2026.
Earnings
Net income for the quarter ended June 30, 2026 was $25,443,000 or $11.59 per share basic and $11.49 per share diluted, as compared to $9,414,000 or $4.32 per share basic and $4.28 per share diluted for the same period last year. The Bank's annualized return on average equity for the second quarter of 2026 was 20.38%, and the annualized return on average assets was 2.25%, as compared to 8.43% and 0.85% for the same period last year. Net income per share (diluted) for the second quarter of 2026 increased by 168.5% compared to the same period in 2025.
Core net income for the quarter ended June 30, 2026, which represents net income excluding the after-tax net gain on equity securities, both realized and unrealized, was $10,668,000 or $4.86 per share basic and $4.82 per share diluted, as compared to $7,453,000 or $3.42 per share basic and $3.39 per share diluted for the same period last year. The Bank's annualized core return on average equity for the second quarter of 2026 was 8.55% and the annualized core return on average assets was 0.94%, as compared to 6.67% and 0.67% for the same period last year. Core net income per share (diluted) for the second quarter of 2026 increased by 42.2% compared to the same period in 2025.
Net income for the six months ended June 30, 2026 was $28,294,000 or $12.92 per share basic and $12.80 per share diluted, as compared to $16,538,000 or $7.58 per share basic and $7.52 per share diluted for the same period last year. The Bank's annualized return on average equity for the first six months of 2026 was 11.45%, and the annualized return on average assets was 1.25%, as compared to 7.45% and 0.75% for the same period in 2025. Net income per share (diluted) for the first six months of 2026 increased by 70.2% over the same period in 2025.
Core net income for the six months ended June 30, 2026, which represents net income excluding the after-tax net gain on equity securities, both realized and unrealized, was $21,252,000 or $9.70 per share basic and $9.61 per share diluted, as compared to $13,578,000 or $6.23 per share basic and $6.17 per share diluted for the same period last year. The Bank's annualized core return on average equity for the first six months of 2026 was 8.60%, and the annualized core return on average assets was 0.94%, as compared to 6.12% and 0.61% for the same period in 2025. Core net income per share (diluted) for the first six months of 2026 increased by 55.8% over the same period in 2025.