Hingham Savings: Q1 Earnings Snapshot
By AP News
Published - Apr 12, 2024, 04:18 PM ET
Last Updated - Apr 12, 2024, 04:18 PM EDT
HINGHAM, Mass. (AP) — HINGHAM, Mass. (AP) — Hingham Institution for Savings (HIFS) on Friday reported net income of $6.9 million in its first quarter.
The Hingham, Massachusetts-based bank said it had earnings of $3.13 per share. Earnings, adjusted for non-recurring gains, came to $1.01 per share.
The community bank posted revenue of $53.7 million in the period. Its revenue net of interest expense was $15.3 million, surpassing Street forecasts.
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