Hingham Institution for Savings gathered accolades this year from SNL Financial and others.

SNL Financial named the $1.6 billion bank the No. 1 thrift in the East and the No. 2 thrift in the nation in its Top 100 Public Thrift rankings. Those rankings are based on six financial metrics for the year ended 2014 and include return on average assets, return on average tangible common equity, efficiency ratio, median three-year growth rate in tangible book value per share, nonperforming loans to total loans and net charge-offs to average loans.

The bank also made Keefe, Bruyette & Woods’ 2014 Bank Honor Roll, its third consecutive year on the list, and Sandler O’Neill + Partners included the Hingham Institution for Savings on its 2014 SM-All Stars List, which recognizes high-performing small-cap banks and thrifts across the country.

“At Hingham, we take our role as stewards of the shareholders’ capital seriously. We remain focused on long-term compounding of shareholder capital through conservative underwriting, careful capital allocation, and measured growth. More important than performance in any one year, however, is our record of performance over time,” President Robert H. Gaughen said in a statement. “Our commitment to long-term value creation is reflected in our top ranking by SNL Financial for nearly a decade.”

Hingham Institution For Savings Earns SNL, KBW Distinctions

by Banker & Tradesman time to read: 1 min
0