Hingham Savings Ranked #1 Thrift in the East, #2 in the Nation by SNL Financial

HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS), Hingham, Massachusetts announced they are the top ranked thrift institution in the East and second in the nation in the SNL Financial’s 2013 annual performance ranking of the 100 largest public thrifts in the country. The ranking is based on six financial performance metrics for the calendar year 2013, including core return on average assets (ROAA), core return on average tangible common equity (ROATCE), median three-year growth rate in tangible book value per share, efficiency ratio, nonperforming loans to loans ratio, and net charge-offs. In its analysis, SNL also noted Hingham Savings for its consistent earnings growth in 2013.

President Robert H. Gaughen stated, “We’re honored to learn of Hingham Savings’ top Eastern ranking by SNL Financial. Our measured balance sheet growth, cost discipline and careful capital allocation have produced some of the industry’s strongest returns and a sixth consecutive year of record earnings. We remain committed to the fundamentally conservative strategies that have produced long-term value without undue risk.”

Hingham Institution for Savings is a Massachusetts-chartered savings bank located in Hingham, Massachusetts. Incorporated in 1834, it is the oldest financial institution headquartered in Hingham and one of the oldest in the Commonwealth. The Bank's main office is located on Main Street, Hingham, Massachusetts. The Bank also maintains branch offices in South Hingham and the neighboring towns of Cohasset, Hull, Scituate, Weymouth and Norwell as well as in Boston’s South End and Beacon Hill, and the island of Nantucket. The Bank's shares of common stock are listed and traded on The NASDAQ Stock Market under the symbol HIFS.

Hingham Institution for SavingsRobert H. Gaughen, Jr., 781-749-2200President

Hingham Institution for ... (NASDAQ:HIFS)
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