Hingham Institution for Savings Q1 net income falls on equity securities losses

Hingham Institution For Savings

17/04/2026 21:22

Overview

US regional bank's Q1 net income and EPS declined sharply yr/yr due to equity securities losses

Core net income and core EPS rose over 70%, excluding equity securities gains/losses

Net interest margin improved to 2.04% from 1.50% a year ago on lower funding costs

Outlook

Company did not provide specific guidance for the current qtr or full yr

Result Drivers

NET INTEREST MARGIN EXPANSION - Bank said margin improved sequentially due to growth in non-interest bearing deposits, lower funding costs, and higher loan yields

FUNDING COST MANAGEMENT - Bank continued to reprice deposits at lower rates and added lower-rate wholesale funding to lower overall funding costs

Company press release: ID:nGNX4BJhqj

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$2.85 mln
Q1 Net Interest Income
$22.13 mln
Q1 Credit Loss Provision
$500,000
Q1 Net Interest Margin
2.04%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)