Hingham Institution for Savings : Slides (2026 Annual Meeting Slides)
HIFS
Published on 04/30/2026 at 09:41 am EDT
HINGHAM INSTITUTION FOR SAVINGS
2026 Shareholders Meeting
Informal Meeting
3
Financial Results
Operating Highlights
Q&A
4
"Banking is a very good business, unless you do dumb things."
Warren Buffett
What We Do
5
Commercial and Personal Deposit Banking
Commercial Real Estate Lending
Residential Real Estate Lending
What We Don't Do
6
Commercial and Industrial Lending
ABL
Leasing
Loans and Lines
SBA
Leveraged Lending
Oil, Gas, Mining, Minerals
Consumer Lending
Credit Card
Marine
Auto
RV
Personal Lines
Investments
Wealth Management
Trust
Investment Advisory
Insurance Brokerage or Underwriting
Secondary Market Residential Mortgage
Tax Credits
Solar Lending
Cannabis Banking
Cryptocurrency (Deposits, Lending, Ecosystem)
Commercial Mortgage Participations (*)
Capital Allocation
7
Attractive
Organic Growth - Reinvest in our Lending and Deposit Businesses - Existing and New Geographies
Minority Equity Investments - Public and Private - Focused on Financial Services and Technology
Dividends - Maintain Appropriate Leverage Through Regular and Special Dividends
Repurchase - Opportunistic Repurchase of Shares -Focused on Valuation and Tax
Not Attractive
Control Equity Investments ("Acquisitions") (High Prices, Loss of Focus, Elusive Cost Synergies)
8
2025 Financial Results
Earnings
9
10
Return on Shareholder Equity
11
Shareholder Equity
Book Value Per Share
5YR CAGR of 9.9%
12
Low Cost Leadership
2025 Efficiency Ratio = 39.70%
2025 Operating Expenses/Total Average Assets = 67 bps
This is the product of both structural and operational
choices
=
Game Selection
=
Game Play
Structural
Operational
We must be relentless in taking unnecessary costs out of our business
14
Disciplined Loan Growth
5YR CAGR of 9.34%
Net Charge Offs - Hingham v. All FDIC Insured Banks
#Z0Z
6008
1008
E008
LOOK
(% of Average Loans)
] 995
2000
2005
2008
2010
2015
2016
2020
2025
15 • Industry • Hingham
16
Non-Interest Bearing Deposits
19
Deposit Approach
Approach
Personalized Service
Digital Excellence
Low Fee / No Fee
Two Engines for Growth
Specialized Deposit Group (Private Client)
Retail Banking Group
20
Commercial Deposit Focus
Specialized Deposit Group ("SDG")
Team of relationship managers and digital banking specialists that handle our largest and most complex deposit relationships, as well as our digital-first account opening
Expansion Focus
Recruiting new relationship managers, particularly as we grow our business in Washington, D.C. and San Francisco
Focus on new business development - combination of sales and marketing - and specific verticals
Upgrading digital banking tools for commercial clients
19
First Quarter 2026
Balance Sheet
Loan Growth
Deposit Growth
NIB Deposit Growth
Income Statement
NIM
Efficiency
Investment Portfolio
22
Looking Forward - Key Challenges
Multifamily Outlook in Washington, D.C.
Rent Control in Massachusetts
San Francisco
Key Verticals
Recruiting
Why Hingham
Use of Artificial Intelligence
Disclaimer
Hingham Institution for Savings published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2026 at 13:40 UTC.