Hingham Savings Declares Regular Dividend

Core Points - Hingham Institution for Savings has declared a regular quarterly cash dividend of $0.63 per share, to be paid on January 15, 2025, to stockholders of record as of January 6, 2025 [1] - The Bank's returns on equity and assets in 2024 have been significantly lower than long-term performance due to challenges from increased short-term interest rates and a historically long inversion of the yield curve [2] - The Bank's core business has faced challenges, but investment operations have helped sustain growth in book value per share [2] - The Bank emphasizes careful capital allocation, defensive underwriting, and disciplined cost control as essential strategies for compounding shareholder capital through economic cycles [3] - This marks the 124th consecutive quarterly dividend declared by the Bank, which has also typically declared special cash dividends for the past twenty-nine years, although none were declared in 2023 and 2024 [3] - The Bank is focusing on reinvesting incremental capital to support lending at attractive pricing given the current environment and its capital generation capacity [3] - Established in 1834, Hingham Institution for Savings is one of the oldest banks in America, with offices in multiple major cities [4]