Hingham Savings Authorizes Stock Repurchase Program

Core Viewpoint - Hingham Institution for Savings has authorized a share repurchase program allowing for the repurchase of up to $20 million of its common stock, with all necessary regulatory approvals obtained [1][2] Group 1: Share Repurchase Program - The share repurchase program allows the Bank to buy back shares using various methods, including open market purchases and block trades, in compliance with securities laws [1] - The program is price sensitive and does not obligate the Bank to repurchase any shares, with the possibility of suspension or modification at any time [2] - The program is authorized through December 6, 2026, and the Board will review its size and terms annually, subject to regulatory approval [2] Group 2: Capital Allocation Strategy - The Bank regularly assesses capital allocation options, considering factors such as capital requirements and expected returns from share repurchases, organic growth, investments, and dividends [1]