What Hingham Institution For Savings does

Hingham Institution for Savings is a Massachusetts-chartered savings bank incorporated in 1834, one of the oldest continuously operating banks in the United States. It operates as a portfolio lender (retaining loans on its balance sheet rather than selling them) and serves two primary customer bases. Personal Banking offers no-fee checking accounts, certificates of deposit, residential mortgages (including jumbo, non-conforming, and construction-permanent products), and digital banking via iOS/Android apps with Zelle, Apple Pay, Google Pay, Venmo, and Wise integrations. Business Banking delivers dedicated, relationship-managed services across highly targeted verticals: commercial real estate investors (loans up to $100M in relationship exposure), nonprofits, law firms (IOLTA accounts in 9 states), foreign missions and embassies (with direct coordination with the U.S. Department of State), property managers, venture capital/private equity firms, and political organizations.

Revenue is generated principally through net interest income (NIM of 2.04% in Q1 2026, up 54 basis points year-over-year) on a loan portfolio spanning commercial real estate, residential mortgages, and consumer loans, supplemented by deposit account fees and loan servicing income. The bank reported Q1 2026 revenue of $35.02M with a 23.04% net margin, GAAP net income of $2.851M (depressed by $9.92M in equity security losses), and core net income of $10.584M (up 72% year-over-year excluding securities mark-to-market). Distribution is anchored by six Massachusetts branches (Hingham, Boston South End, Nantucket, Cohasset, Hull, Linden Ponds) plus offices in Washington D.C. and San Francisco serving the CRE and foreign mission practices.

The bank is publicly traded on NASDAQ (ticker: HIFS) with approximately $4.5B in total assets, family-led under Chairman/CEO Robert H. Gaughen, Jr. since 1993, and President/COO Patrick R. Gaughen since 2012. Capital return to shareholders includes a $20M share repurchase program authorized December 2025 (~3% of market cap) and a resumption of the special dividend program at $0.70/share alongside a $0.63 regular quarterly dividend. Competitive differentiators include unlimited deposit insurance via FDIC plus the Depositors Insurance Fund (DIF), no-fee business banking with no minimum balance requirements, and a no-cost proprietary digital toolset (ZRent for rent collection, ZEscrow for security deposit management) integrated with business online banking.

Name

Hingham Institution For Savings

Legal name

Hingham Institution for Savings

Website

https://hinghamsavings.com

Company type

Public

Founded year

1834

Operating status

Operating

Headcount range

101–250 employees

Short description

Hingham Institution for Savings is a 193-year-old Massachusetts-chartered portfolio lender and community bank offering personal banking, residential mortgages, and specialized business banking for commercial real estate investors, nonprofits, law firms, foreign missions, and VC/PE firms.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Savings Institutions, Not Federally Chartered (6036), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Savings Banks (Public/State-Owned) (FSABAKAK)

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking services
• Commercial real estate lending
• Residential mortgage loans
• Deposit accounts
• Cash management services

Headquarters

HQ city

Hingham

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Interest earned on loan portfolio including commercial real estate, residential mortgages, and consumer loans minus interest paid on deposits. Primary revenue driver with NIM of 2.04% in Q1 2026.
2. Deposit Account Fees: Various deposit products including checking, savings, money market, and CDs. Emphasizes no monthly fees and no minimum balance requirements for business accounts.
3. Loan Origination and Servicing: Portfolio lender that retains loans rather than selling them, generating income from loan servicing throughout loan lifecycle. Supports loans up to $100 million in relationship exposure.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Hingham Institution for Savings is a Massachusetts-chartered savings bank offering personal and business banking products including checking, savings, certificates of deposit, residential mortgages, and commercial real estate lending. The bank operates a portfolio lending model, retaining loans rather than selling them, and provides specialized banking services for nonprofits, law firms, foreign missions, property managers, venture capital/private equity firms, and political organizations. Customer access is delivered through a six-branch retail network in Massachusetts, regional offices in Washington D.C. and San Francisco, and digital channels including iOS/Android mobile apps.

Product overview

Hingham Institution for Savings is one of America's oldest banks (incorporated 1834) offering a comprehensive suite of personal and business banking products. The bank's offerings are organized around two primary categories: Personal Banking (including Simple Checking, Certificates of Deposit with terms from 2 months to 4 years, Residential Mortgages with various fixed and adjustable-rate products, and Mobile/Online Banking platforms) and Business Banking (including Business Checking with no-fee cash management, Commercial Real Estate Lending up to $100 million, and specialized banking for nonprofits, law firms, foreign missions, property managers, venture capital/private equity firms, and political organizations). The bank operates as a portfolio lender for mortgages and provides digital banking tools through iOS and Android mobile apps. Key differentiators include unlimited deposit insurance beyond FDIC limits through the Depositors Insurance Fund (DIF), a no-fee structure for business services, and relationship-focused banking with dedicated managers.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking
• Certificates of Deposit (CDs)
• Residential Mortgages
• Mobile and Online Banking
• Business Banking
• Commercial Real Estate Lending
• Cash Management
• Nonprofit Banking
• Law Firm Banking
• Foreign Mission Banking
• Property Management Banking
• Venture Capital and Private Equity Banking
• Political Banking

Quantifiable outcome

• Net interest margin improved 54 basis points year-over-year to 2.04% in Q1 2026
• +3 more outcomes

Named customers23 records

Segments9 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• RampcoreTechnology or IntegrationIntegration with Ramp finance platform providing Hingham business customers free access to accounting automation, accounts payable automation, expense management, and corporate cards through the Ramp partner ecosystem.
• Department of StatecoreStrategic or Co-development PartnerCompliance infrastructure purpose-built to work directly with foreign missions, coordinating with Department of State to understand and meet requirements for embassy and consulate banking.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Salem Five: Massachusetts-headquartered mutual savings bank with comparable scale, residential mortgage franchise, and community banking model. Competes in similar suburban Boston deposit and lending markets.
• Middlesex Savings Bank: Massachusetts-chartered mutual savings bank with comparable scale and a similar mix of residential mortgage lending, deposit products, and small-business banking in Greater Boston suburbs.
• Berkshire Hills Bancorp: Northeast community bank with similar CRE lending and small-business banking focus. Comparable scale, business model, and emphasis on relationship-driven commercial banking in New England markets.
• Rockland Trust (Independent Bank Corp): Massachusetts-based community bank with extensive branch network and comparable CRE and small-business lending focus. Direct competitor for SMB, nonprofit, and consumer deposit relationships in the same geography.
• East Boston Savings Bank (Meridian Bancorp): Massachusetts-headquartered mutual savings bank with a similar deposit-gathering and residential/commercial lending franchise. Comparable scale and geographic overlap in Greater Boston and adjacent communities.
• Cambridge Bancorp: Massachusetts-chartered community bank with a similar mix of CRE lending, wealth management, and relationship banking in the Greater Boston market. Comparable scale and a shared focus on relationship-driven, non-mass-market deposit gathering.
• Washington Trust Bancorp: Publicly traded community bank with a similar mix of CRE lending, residential mortgages, and wealth services across the Northeast. Closely comparable in size, business model, and emphasis on relationship banking with niche commercial verticals.
• Brookline Bancorp: Massachusetts-headquartered community bank holding company with comparable CRE lending focus and similar asset size. Operates deposit-gathering branches across MA and adjacent states, competing directly with Hingham for CRE, nonprofit, and small-business relationships.

Broad incumbents

• Amalgamated Bank: Publicly traded mission-driven bank with strong nonprofit, political organization, and progressive-cause deposit relationships. Comparable niche specialization in serving nonprofits and political organizations with tailored compliance and cash management services.
• Customers Bancorp: Community commercial bank with a digital-banking-led deposit-gathering model and notable presence in niche verticals. Comparable in its willingness to serve specialized deposit segments with tailored technology and cash management solutions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hingham-institution-for-savings

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hingham Institution For Savings