Hingham Institution for Savings disputes Wolfpack Research report and reaffirms financial statements

Reuters02-27

Hingham Institution for Savings disputes Wolfpack Research report and reaffirms financial statements

Hingham Institution for Savings said a recent Wolfpack Research report about the bank contains material factual inaccuracies and misinterpretations, and it reaffirmed the accuracy of its January 16, 2026 earnings release and its FDIC Call Report for the quarter ended Dec. 31, 2025. The bank said the report wrongly treated a stated 75% loan-to-value limit as an actual portfolio LTV, leading to undervaluation of collateral, and argued that loans cited in the report are current, performing, and well secured. It also said the report misunderstood construction lending by assuming funds are advanced upfront, overstating exposure, while noting challenges in parts of the Washington, D.C. affordable multifamily market and stating it will continue working through troubled loans and reserving appropriately.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hingham Institution for Savings published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602261601PRIMZONEFULLFEED9662234) on February 26, 2026, and is solely responsible for the information contained therein.

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