Annual Report
Fi n an c i al H i gh li ght s
Assets
($ in millions)
Loans, net
($ in millions)
Deposits
($ in millions)
*Dividends Declared: Dividends declared chart includes the total regular dividends declared (dark shading) and the total dividends declared
including any special dividends (light shading).
Net Income
($ in millions)
Book Value
($ per share)
Dividends Declared*
($ per share)
2,857 3,431 4,194 4,484 4,458
2,139 2,393 2,505 2,350 2,492
2,495 2,999 3,658 3,914 3,874
137.02 165.52 179.74 188.50 198.03
1.77
2.08
20 21 22 23 24
20 21 22 23 24
20 21 21 23 24
20 21 22 23 24
20 21 22 23 24
2.40
50.8 67.5 37.5 26.4 28.2
20 21 22 23 24
2.47 2.83 3.03 2.52 2.52
To Our Business Partners:
As one of America’s oldest banks, we have been a stable partner for almost two hundred years to
generations of families, nonprofits, businesses, and institutions that have entrusted us with their finances.
In 1989, that partnership expanded when the Bank converted to public ownership. We have never lost
sight of our obligations to both clients and ownership.
We earned $28.2 million for our owners in 2024. As short-term rates started to fall and long-term rates
remained elevated, our net interest margin began expanding again in 2024 and this expansion accelerated
late in the year. Our return on average equity of 6.68% and return on average assets of 0.65% remained
below our long-term performance and our expectations for the business. They reflect the extraordinary
challenge we faced in 2023 and early 2024 given the highly unusual interest rate environment and our
business model. We expect our performance to return to our long-term average as margins continue
expanding with strong operating leverage. Strong results in our investment operations sustained us in
2024 during a period when core returns were not satisfactory.
Net loans fell by 1% to $3.874 billion. Retail and commercial deposits, excluding our wholesale deposits,
grew by 7% to $1.997 billion. Non-interest bearing demand deposits grew by 17%, the product of
investments described over the last year. Book value per share rose 5% in 2024 from $188.50 to $198.03
per share. This excludes capital returned to the owners through regular dividends - we declared $2.52 in
dividends per share in 2024. The trailing five year compound annual growth rate in book value per share,
an important measure of long-term value creation, was 11.3%. In 2024, the efficiency ratio was 63.79%
and operating expenses as a percentage of average assets remained at 67 basis points. Our structural
operating efficiency remains a core advantage of our model.
As we regularly note, our business generates returns for our owners through the efficient transformation
of maturity, using deposits and borrowings to fund a loan portfolio composed primarily of real estate
loans secured by multifamily properties. During normal economic conditions, the yield curve - a graphical
representation of interest rates on debt for a range of maturities - has a positive slope and we benefit from
turning short-term deposits and borrowings into somewhat longer term mortgages. From time to time, the
yield curve “inverts” and short-term interest rates are higher than long-term interest rates. We emerged
from the longest inversion on record in late 2024.
We believe these challenges are well understood by our long-term owners and we are making certain
changes to our model that will reduce our sensitivity to outlier inversions. While learning from these
challenges, we do not profit from dwelling on them. Although we have employed certain strategies to
reduce our risk in the event of additional increases in short-term rates, we see this as a low-probability
scenario and we remain overwhelmingly liability sensitive. Our core model remains unchanged.
Fro m t h e C h a ir m a n an d t h e P resi dent
$7.35
32 Years of
Performance
Dollars in thousands except per share data.
*Per share data for 1993, 1994, 1995 and 1996 adjusted for the 3 for 2 stock split.
Book Value Per Share
Assets
(
(
Loans, Net
(
(
Book Value Per Share
(
(
Earnings Per Share (Basic)
(
(
Return on Equity
Efficiency Ratio
1993*
($
147,889)
($
76,936)
($
7.35)
($
0.10)
1.34%
108.32%
1994*
($
153,192)
($
100,398)
($
8.24)
($
1.33)
17.09%
61.46%
1995*
($
175,409)
($
119,472)
($
9.17)
($
0.98)
11.11%
54.25%
1996*
$
201,586)
(
$
151,166)
(
$
9.87)
(
$
1.05)
(
11.06%
53.36%
1997
($
222,584)
($
172,839)
($
10.93)
($
1.36)
13.00%
50.10%
1998
$
260,076)
$
204,774)
$
12.05)
$
1.53)
13.18%
48.72%
1999
($
291,183
($
229,687
($
12.83
($
1.65
13.07%
50.25%
We emphasized last year that the most dangerous response to short-term challenges is to make changes
that have long-term consequences. We will not add incremental risk, either in our lending or investment
operations, and we continue to invest in the people and technology required for profitable growth. We will
not enter new business lines where we do not have risk experience. We have a disciplined underwriting
culture with zero losses on commercial lending for over ten years. We have always placed credit risk at
the center of our approach. Given the turbulence in the commercial real estate markets, we believe this
emphasis continues to be well-placed.
Whether our financial results in a given year are extraordinary or disappointing, we can never lose sight
of the fact that results in any given year do not fully describe the real accomplishments and progress at
Hingham. Our long-term objective is to generate superior returns on equity capital through a disciplined
strategy combining a commercial real estate lending business with a relationship-focused deposit
business serving families, nonprofits, real estate investors, and institutions. We build these businesses
slowly - one employee at a time, one relationship at a time, one loan at a time - brick by brick. There are
no shortcuts.
Let’s review the bricks from 2024.
Our Specialized Deposit Group (“SDG”) made excellent progress in 2024, with 17% growth in non-interest
bearing checking balances and significant growth in new relationships to the Bank. This is the product of
opportunities offered to us by the market and our work to exploit these opportunities.
In the last two years, there has been significant consolidation in each of our markets, through historic
bank failures or the sale of respected commercial banks with strong community ties. These failures
and mergers invariably damage client relationships, result in more expensive and lower quality service
for customers, and lead talented staff to look elsewhere. They reinforce our belief that there is strong,
unmet demand for a nimble, service-oriented bank in Boston, Washington, and San Francisco. This is the
opportunity the market provides to us.
We must exploit this opportunity to create value. Over the last year, we have continued to recruit talented
deposit-focused relationship managers to join us across all three of our markets. These relationship
managers work hand in glove with a team of digital banking specialists that provide highly responsive
service to our customers.
If you are a talented senior or mid-level banker in Boston, Washington, New York or San Francisco,
particularly with experience in deposit business development, please contact Patrick directly by phone
or email. He would like to talk to you and we promise a confidential conversation about opportunities at
)
)
(
)
)
)
(
)
)
)
(
)
)
)
(
2000
($
337,881)
($
266,568)
($
14.46)
($
2.07)
15.17%
47.78%
2001
($
386,181)
($
282,386)
($
16.38)
($
2.49)
15.95%
45.31%
2002
($
426,430)
($
320,692)
($
18.48)
($
2.91)
16.58%
45.42%
2003
($
483,954
($
358,778
($
19.68
($
2.58
13.53%
45.55%
2004
($
547,051
($
415,538
($
21.29
($
2.80
13.56%
49.48%
2005
($
628,251)
($
488,126)
($
23.01)
($
2.95)
13.20%
48.50%
2006
($
691,652
($
539,104
($
24.47
($
2.19
9.18%
57.58%
2007
($
744,602)(
($
593,915)(
($
25.85)(
($
2.12)(
8.40%
59.69%
2008
$
806,193)
$
647,255)
$
28.20)
$
2.96)
11.08%
52.72%
Hingham. We are particularly interested in deposit verticals where our low fee approach, combined with a
highly responsive service model, could create value for your customers.
In 2024, we completed our eighth full year of operations in Washington, D.C., with a high-quality loan
portfolio exceeding $1.2 billion. We had strong growth in deposits in Washington, D.C. in 2024 where we
enjoy our lowest cost of funds by a significant measure. Washington presents a long-term opportunity
to deploy capital organically. We expanded our team in Washington, D.C. in 2024, adding an additional
relationship manager in SDG late in the year, and we are actively searching for additional bankers to
join us. Our minority equity investments in D.C. area banks continue to complement our core business
operations.
We remain committed to our expansion in the San Francisco market, as we believe that the Bay Area is
a market with attractive structural economic drivers, including a vibrant technology sector, physical and
regulatory limitations on development, links to Asia, and a cluster of research universities that produce the
intangible assets that are critical components of our economy. We noted last year that we believed the
governance challenges the city faced were temporary and surmountable. The changes in governance in
San Francisco over the last year give us greater confidence in this assessment.
In 2024, we completed our third year of operations in the city, with a loan portfolio of approximately
$125 million. We added our first SDG relationship manager early in the year, as well as two operational
specialists in our Digital Banking Group that serve clients nationally, and we ended the year with
approximately $27 million in deposits. We also added the first local commercial real estate lender to our
San Francisco office at the end of the year and we believe this team has considerable momentum entering
the new year.
Our commercial lending activity remained somewhat muted last year, with new originations offset largely
by payoffs and sales in our construction portfolio. Despite widespread uncertainty regarding the potential
of gateway cities, we remain confident that the most attractive markets for our business are dense, coastal
cities with favorable demographics and concentrations of multifamily real estate. The demand drivers in
these markets, combined with the supply constraints stemming from geography and regulation, support
consistent asset performance over time. We continue to see steady performance for multifamily properties
in these markets, particularly in Washington, D.C. and Boston where rents and occupancy rates reflect
sustained demand emerging from the pandemic.
Eliminating waste remains a core strategic objective of the Bank. We continue to identify opportunities
to standardize work and make it more visible, the preconditions for waste elimination. We look for
opportunities to use technology to gain operational leverage, but it must serve us rather than the opposite.
This work is ongoing and continuous. It is not an initiative, it is core to our culture.
)
(
)
)
)
)
(
)
)
)
)
(
)
)
)
)
(
)
)
)
2009
($
925,560
($
718,242
($
30.74
($
3.79
12.78%
49.20%
2010
$ 1,017,845)
$
792,910)
$
34.24)
$
4.81)
14.67%
44.91%
2011
($ 1,127,276
($
849,776
($
38.70
)
($
5.68
)
15.34%
42.88%
2012
($ 1,205,884
($
949,662
($
43.65
($
6.25
15.05%
41.54%
2013
($ 1,356,441
($ 1,078,879
($
48.49
($
6.28
13.52%
43.26%
2014
($ 1,552,205)
($ 1,238,656)
($
57.08)
($
10.46)
19.30%
37.19%
2015
$ 1,768,528
$ 1,405,533
$
64.83
$
9.09
)
14.81%
36.32%
2016
($ 2,014,599)
($ 1,605,647)
($
75.50)
)
($
10.99)
)
15.59%
32.15%
Book Value Per Share
In our investment operations, we grew our partial ownership in a number of outstanding businesses
over 2024 and made several new investments, particularly in banking as market pessimism provided
opportunities to acquire new positions or increase the size of existing investments at attractive prices.
Management teams, working on our behalf, continued to improve these businesses in ways large and
small.
Our investments remain focused on finance - banks, insurers, payment companies, financial infrastructure
providers, and ratings agencies. We also have material investments in technology companies that
facilitate digital commerce and industrial firms. We benefit from studying and engaging with management
teams at high performance companies, both in the banking industry and elsewhere. We recognize that
these investment results will be volatile over time, but they are a complement to our core business and
some of these businesses are likely to produce strong returns during periods where our core business may
not.
We recognize that the health of our business is ultimately dependent on the health and vitality of the cities
in which we operate. We continue to finance projects in conjunction with nonprofit partners like the Black
Economic Development Fund and Amazon’s Housing Equity Fund, as well as directly lending to nonprofits
serving low income communities. Over the last three years, we have originated approximately $550 million
dollars in affordable housing and community development loans.
Our family became associated with the Bank thirty two years ago, when years of mismanagement and
poor lending threatened its very solvency. Since then, it has been our objective to build one of America’s
great banks, characterized by superior long-term financial results, a fortress balance sheet that provides
unquestionable assurance to our depositors, and an enduring culture of growth and success. Our noses
remain to the grindstone, our heads to the sky.
Very truly yours,
$198.03
(
)
)
(
)
)
(
)
)
(
)
)
2017
($ 2,284,599
($ 1,833,987
($
87.29
(
($
12.08
(
14.73%
30.06%
2018
($ 2,408,587)
($ 2,009,288)
($
99.67)
($
14.25)
14.97%
29.89%
2019
()$ 2,590,346)
()$ 2,227,062)
()$
115.75)
()$
18.24)
16.82%
30.26%
2020
($ 2,857,093)
($ 2,495,331)
($
137.02)
($
23.76)
18.96%
25.48%
2021
($ 3,431,165
($ 2,999,096
($
165.52
($
31.50
20.62%
21.31%
2022
($ 4,193,799
($ 3,657,782
($
179.74
($
17.49
10.01%
24.81%
2023
($ 4,483,947
($ 3,914,244
($
188.50
($
12.26
6.57%
57.18%
2024
($ 4,457,771
($ 3,873,662
($
198.03
($
12.95
6.68%
63.79%
Robert H. Gaughen Jr.
Chairman of the Board and Chief Executive Of¿cer
Patrick R. Gaughen
President and Chief Operating Of¿cer
Girl Scouts of the Green
and White Mountains
Bedford, NH
Pictured left to right: Stuart Rothberg - Director of Finance, Kristel Rigoli - Vice President, Revenue and Operations,
Patricia Mellor - Chief Executive Officer, Carrie Green Loszewski - Vice President, Engagement
Girl Scouts of the Green and White Mountains empowers girls across New Hampshire and
Vermont to embrace their individuality and become confident leaders. Through engaging
programs in STEM, the outdoors, entrepreneurship, and life skills, Girl Scouts discover their
strengths, tackle challenges, and make a difference in their communities.
The Girl Scouts selected Hingham because of the Bank’s commitment to nonprofits. They
were impressed by the dedicated relationship manager who would serve as a strong
advocate for their organization. Hingham also provides Girl Scouts of the Green and White
Mountains unlimited deposit insurance coverage and access to Ramp, an AI-driven corporate
finance automation and expense management solution.
“We are so pleased to have a dedicated point of contact
and the comfort of knowing our funds are protected
at Hingham. This is a positive move for us and we look
forward to a long lasting partnership.”
Patricia Mellor
CEO
“Hingham is what relationship-based banking is all about.
It is really helpful to be able to pick up the phone and talk
to the team at Hingham when needed.”
Jay Gross
CEO
Neal R Gross and Company
Washington, D.C.
Pictured Left to Right:
Jay Gross - CEO
Neal Gross - Chairman
Jay Gross is the CEO of Coba Properties and Neal R Gross & Co, family-owned
businesses based in Washington, D.C. Coba is focused on single- and multi-family real
estate development projects. His properties are carefully renovated to preserve the
character of the neighborhood while modernizing homes to make them safer, greener,
and more enjoyable.
In a complicated transaction involving three properties adjacent to Volta Park in historic
Georgetown D.C., Jay enjoyed working with Jeff Geifman and Selam Eyassu who
took the time to fully comprehend the scope of the project. He appreciated the team’s
responsiveness, receptiveness to feedback, professionalism, and understanding of the
marketplace. He trusts he can pick up the phone and talk to someone at any time.
Gates Einsenhart Dawson
Silicon Valley and Monterey, CA
Pictured left to right: William L. Gates - Partner
Will P. Krull - Associate Attorney
James L. Dawson - Partner
Gates Eisenhart Dawson is a premier law firm in Silicon Valley and Monterey.
They service Silicon Valley’s executives with business, employment, real estate,
and probate litigation needs, both in trial and on appeal. With a talented team and
innovative approach, they tackle complex legal issues with an interdisciplinary
approach. This manages risk, significantly improves strategy, and delivers better
outcomes for their clients.
The firm was frustrated after a bank merger left them working with a big bank, paying
excessive fees and not receiving quality service. After hearing about Hingham’s
highly personalized service model, free domestics wires, and remote check deposit
solutions, they were quick to make the move. In turn, Hingham responded quickly to
set up their accounts and services during the transition.
MACHARIA Z. WEIR LYTLE
“Hingham’s support of the local community aligns with
the USES’ mission. We value our partnership with the
Bank.”
“The big banks have nothing on Hingham. They’re exactly
the kind of banking partner we need - responsive and smart.”
James Dawson
Partner
“We were very impressed with how efficiently our three companies
and multiple bank accounts were transitioned to Hingham. The
entire team at Hingham made this process incredibly smooth.
Their professionalism, attention to detail, and commitment to
customer service were evident every step of the way.”
David McCarthy
Operating Partner
Keller Williams Realty
Boston, MA
Keller Williams is one of the largest real estate franchise companies in the country.
David McCarthy is the Operating Partner of three Keller Williams real estate offices
serving Boston-Metro, Boston MetroWest and Chestnut Hill. His leadership team and
real estate agents seamlessly blend personalized service and hyper-local knowledge
with state-of-the-art and consumer- friendly technology to exceed clients’ wants and
needs in their home search.
Like so many others, David and his team were impacted by a bank failure that left them
without the personalized service and tools they rely on to operate their day-to-day
business and ensure smooth closings for clients. The team at Hingham gave David the
utmost confidence in his decision to switch by reviewing cash management services
in depth and closely guiding his team through the onboarding process, resulting in no
disruptions to daily operations.
Nadia’s Initiative is a nonprofit based in Washington, D.C., dedicated to rebuilding
communities in crisis and advocating globally for survivors of sexual violence. The
Initiative’s current work is focused on the sustainable re-development of the Yazidi
homeland in Sinjar, Iraq, where Nadia grew up. When ISIS launched their genocidal
campaign, they not only killed and kidnapped Yazidis, but also destroyed the Yazidi
homeland to ensure the community could never return. Founded by Nadia Mourad, the
winner of the 2018 Nobel Peace Prize, the organization’s work is critical to rebuilding
Sinjar and seeking justice for the Yazidi people.
Nadia’s team needed a banking partner who valued efficiency and understood the
impact of every dollar on their mission. They chose Hingham because of its low fees,
streamlined international wire transfers, and fully insured deposits. This allows them
to save time on financial operations and focus on their goals, paving the way for a
long-term partnership.
Nadia’s Initiative
Washington, D.C.
Pictured: Nadia Murad - Founder & President
MACHARIA Z. WEIR LYTLE
“Hingham’s support of the local community aligns with
the USES’ mission. We value our partnership with the
Bank.”
“We are impressed with Hingham’s banking solutions for
nonprofits - they understand our goals and make it easy
for us to operate efficiently while ensuring our funds are
fully insured.”
Brandon Jacobsen
Executive Director
“The stability and service provided by Hingham allows us
to keep our focus on our nonprofit mission.”
Kelly Esguerra
CFO
Electronic Frontier Foundation
San Francisco, CA
Pictured left to right: Cindy Cohn - Executive Director
Kelly Esguerra - CFO
The Electronic Frontier Foundation (EFF) is a leading nonprofit organization based
in San Francisco, CA, dedicated to safeguarding digital rights and civil liberties in
the digital age. It actively fights against mass surveillance and advocates for robust
encryption to ensure user privacy. Through impact litigation, policy advocacy, and
grassroots activism, EFF works to ensure that technology serves the interests of
freedom, justice, and innovation for everyone.
In its pursuit to diversify funds and ensure full deposit insurance, EFF found Hingham
to be an ideal partner. The combined FDIC and DIF coverage provides comprehensive
insurance for all depositors of the Bank, guaranteeing full deposit insurance protection.
The Bank’s high-touch service model, which prioritizes personalized attention and
support, resonated with EFF’s values.
At December 31,
2020
2021
2022
2023
2024
(In Thousands)
Balance Sheet Data:
Total assets
$
2,857,093
$
3,431,165
$
4,193,799
$
4,483,947
$ 4,457,771
Cash & cash equivalents
233,986
271,161
362,033
362,477
351,830
Securities
65,868
91,973
66,696
83,302
119,837
Loans:
Residential loans
657,575
563,914
528,586
516,550
483,341
Commercial mortgage
1,694,694
2,297,420
2,976,100
3,155,284
3,232,099
Construction
153,054
155,711
177,643
268,610
184,717
Other
7,412
2,482
442
452
485
Allowance for credit losses
17,404
20,431
24,989
26,652
26,980
Deposits
2,139,197
2,392,865
2,505,289
2,349,977
2,492,095
Federal Home Loan Bank advances
408,031
665,000
1,276,000
1,692,675
1,497,000
Stockholders’ equity
292,943
354,612
385,966
407,620
431,755
At or For the Years Ended December 31,
2020
2021
2022
2023
2024
(Dollars in Thousands, Except Per Share Amounts)
Income Statement Data:
Total interest and dividend income
$
106,362
$
110,491
$
139,028
$
174,262
$
195,896
Total interest expense
21,158
8,026
32,894
125,960
151,522
Net interest income
85,204
102,465
106,134
48,302
44,374
Provision for credit losses
2,288
3,028
4,508
1,118
328
Other income (loss)
9,192
15,308
(20,719)
16,303
21,479
Operating expenses
21,978
22,076
26,592
28,257
29,010
Income before income taxes
70,130
92,669
54,315
35,230
36,515
Income tax provision
19,359
25,211
16,796
8,859
8,324
Net income
$
50,771
$
67,458
$
37,519
$
26,371
$
28,191
Core net income *
$
44,443
$
56,563
$
54,569
$
14,539
$
12,304
Earnings per common share:
Basic
$
23.76
$
31.50
$
17.49
$
12.26
$
12.95
Diluted
$
23.25
$
30.65
$
17.04
$
12.02
$
12.85
Financial Ratios:
Return on average assets
1.88
%
2.25 %
0.98 %
0.63 %
0.65 %
Return on average equity
18.96
20.62
10.01
6.57
6.68
Core return on average assets *
1.65
1.89
1.43
0.35
0.28
Core return on average equity *
16.60
17.29
14.56
3.62
2.92
Average equity to average assets
9.93
10.93
9.81
9.56
9.69
Interest rate spread
3.03
3.40
2.60
0.53
0.31
Net interest margin
3.22
3.48
2.81
1.17
1.04
Efficiency ratio **
25.48
21.31
24.81
57.18
63.79
Cash dividends declared per common share
$
2.47
$
2.83
$
3.03
$
2.52
$
2.52
Book value per common share
$
137.02
$
165.52
$
179.74
$
188.50
$
198.03
Shares outstanding, at year end
2,137,900
2,142,400
2,147,400
2,162,400
2,180,250
* Non-U.S. GAAP measurements that represent net income, return on average assets and return on average equity, excluding the after-tax net gain
(loss) on equity securities, both realized and unrealized, and the after-tax gain on disposal of fixed assets.
** The efficiency ratio represents total operating expenses, divided by the sum of net interest income and total other income (loss), excluding net gain
(loss) on equity securities, both realized and unrealized, and gain on disposal of fixed assets.
For complete financial information please refer to Form 10-K for the year ended December 31, 2024 filed with the Federal Deposit Insurance Corporation.
Selected Financial Data
Board of Directors
Brian T. Kenner, Esq.
Robert A. Lane, Esq.
Robert H. Gaughen, Jr.
Chairman and CEO
Stacey M. Page
Scott L. Moser
Patrick R. Gaughen
President and COO
Jacqueline M. Youngworth
Clerk of Corporation
Julio R. Hernando, Esq.
Michael J. Desmond
Kevin W. Gaughen, Jr., Esq.
Robert K. Sheridan, Esq.
Kara Gaughen Smith
Geoffrey C. Wilkinson, Sr.
Ronald D. Falcione
Ryan Joyce
Hingham Institution for Savings
55 Main Street
Hingham, MA 02043
(781) 749-2200
Chairman and
Chief Executive Officer
Robert H. Gaughen, Jr.
Investor Inquiries
Patrick R. Gaughen
President and Chief Operating Officer
Transfer Agent and Registrar
Computershare
P.O. Box 43006
Providence, RI 02940
(800) 288-9541
Online Registered Shareholder Access
www.computershare.com/investor
Independent Registered Public Accounting Firm
Wolf & Company, P.C.
255 State Street
Boston, MA 02109
Special Counsel
Goodwin Procter
100 Northern Avenue
Boston, MA 02210
Form 10-K and Proxy Statement
A copy of the Bank’s Annual Report on Form 10-K and
Proxy Statement for the fiscal year ended December
31, 2024 as filed with the Federal Deposit Insurance
Corporation, may be obtained without charge by
any stockholder of the Bank upon written request
addressed to the Investor Relations Department.
Additionally, the Bank’s Annual Report on Form 10-K
and the Proxy Statement are available electronically at
www.hinghamsavings.com/investor-materials.
Stock Data
Hingham Institution for Savings’ common shares are
listed and traded on The Nasdaq Stock Market under the
symbol HIFS.
As of December 31, 2024, there were approximately 171
stockholders of record, holding 57,963 outstanding
shares of common stock. These shares do not include the
number of persons who hold their shares in nominee or
street name through various brokerage firms.
The following table presents the quarterly high and low
prices for the Bank’s common stock reported by Nasdaq.
High
Low
2024
First Quarter
$ 202.00
$ 150.11
Second Quarter
187.80
160.00
Third Quarter
261.00
174.39
Fourth Quarter
300.00
228.40
2023
First Quarter
$ 311.18
$ 223.00
Second Quarter
235.76
173.51
Third Quarter
229.99
181.00
Fourth Quarter
206.00
147.00
The closing sale price of the Bank’s common stock at
December 31, 2024 was $254.14 per share.
S to c k hol d e r I n fo rm at i o n
Member FDIC/Member DIF | Equal Housing Lender
www.hinghamsavings.com
BOSTON
NANTUCKET
WASHINGTON, DC
SAN FRANCISCO