Hingham Institution for Savings (HIFS) investor relations material

Opening remarks and agenda

• Meeting conducted both in-person and via Google Meet, with about 30 online attendees.

• Meeting covered financial results, operating highlights, and included a Q&A session.

• Formal portion included four proposals: election of directors, election of Clerk, advisory vote on executive compensation, and ratification of independent auditors.

• Informal portion covered financial performance, strategic initiatives, and Q&A.

Overview of voting outcomes

• Quorum established with 90.29% of shares represented.

• All five Class Two directors elected for three-year terms with strong support.

• Clerk elected with 97.55% approval.

• Say-on-pay executive compensation proposal passed with substantial majority.

• Wolf & Company reappointed as independent auditors with 99.58% approval.

Financial performance review

• 2025 GAAP earnings reached $54.6 million, rebounding from $26.4 million in 2023.

• Return on equity improved from 6.57% in 2023 to 12.00% in 2025.

• Book value per share grew at a 9.9% five-year CAGR, ending at $219.82 in 2025.

• Net loans grew at a 5-year CAGR of 9.34%, totaling $3.914B in 2025.

• Efficiency ratio for 2025 was 39.7%, with operating expenses at 67 basis points of average assets.

• Non-interest-bearing deposits increased to $513.6M by Q1 2026.

• Loan portfolio growth muted, with originations matching payoffs; no charge-offs in 2025.