Hingham Q2 net income rises 129%, core income up 239%

Reuters

Jul 12

Hingham <a href="https://laohu8.com/S/QTWO">Q2</a> net income rises 129%, core income up 239%

Overview

Hingham Institution for Savings' Q2 net income rises 129% yr/yr, core net income up 239%
Net interest margin improves to 1.66%
Total assets grow 0.4% yr/yr, focus on non-interest-bearing deposits

Outlook

Company did not provide specific guidance for future quarters or full year.
Company focuses on deposit growth and cost control strategies.
Company's operational leverage critical for generating satisfactory returns.

Result Drivers

NET INTEREST MARGIN - Improved to 1.66% due to lower cost of interest-bearing liabilities and higher yield on interest-earning assets
NON-INTEREST DEPOSITS - Growth driven by focus on commercial and non-profit customer relationships
NON-PERFORMING LOANS - Increase due to a single commercial real estate loan issue

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Loan Loss Provision		$450,000
Q2 Net Interest Margin		1.66%
Q2 Pretax Profit		$12.85 mln

Press Release: ID:nGNX3Z0ZC0

(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.)

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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4195","symbol_name":"互助储蓄与抵押信贷金融服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250711:nPLXD59599:1","article_id":"2550396916","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550396916","pubTimestamp":1752264855,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Hingham Q2 net income rises 129%, core income up 239%OverviewHingham Institution for Savings' Q2 net income rises 129% yr/yr, core net income up 239%Net interest margin improves to 1.66%Total assets g","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4195":"互助储蓄与抵押信贷金融服务","HIFS":"欣厄姆银行","BK4211":"区域性银行"},"translate_title":"欣厄姆第二季度净利润增长129%，核心收入增长239%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HIFS":0.9},"content_text":"Hingham Q2 net income rises 129%, core income up 239%OverviewHingham Institution for Savings' Q2 net income rises 129% yr/yr, core net income up 239%Net interest margin improves to 1.66%Total assets grow 0.4% yr/yr, focus on non-interest-bearing depositsOutlookCompany did not provide specific guidance for future quarters or full year.Company focuses on deposit growth and cost control strategies.Company's operational leverage critical for generating satisfactory returns.Result DriversNET INTEREST MARGIN - Improved to 1.66% due to lower cost of interest-bearing liabilities and higher yield on interest-earning assetsNON-INTEREST DEPOSITS - Growth driven by focus on commercial and non-profit customer relationshipsNON-PERFORMING LOANS - Increase due to a single commercial real estate loan issueKey DetailsMetricBeat/MissActualConsensus EstimateQ2 Loan Loss Provision$450,000Q2 Net Interest Margin1.66%Q2 Pretax Profit$12.85 mlnPress Release: ID:nGNX3Z0ZC0(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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}