Hingham Savings: Q4 Earnings Snapshot
By AP News
Published - Jan 19, 2024, 04:21 PM ET
Last Updated - Jan 19, 2024, 04:21 PM EST
HINGHAM, Mass. (AP) — HINGHAM, Mass. (AP) — Hingham Institution for Savings (HIFS) on Friday reported net income of $6.3 million in its fourth quarter.
The Hingham, Massachusetts-based bank said it had earnings of $2.89 per share. Earnings, adjusted for non-recurring gains, were 85 cents per share.
The community bank posted revenue of $52.5 million in the period. Its revenue net of interest expense was $15.4 million, which topped Street forecasts.
For the year, the company reported profit of $26.4 million, or $12.02 per share. Revenue was reported as $64.6 million.
