Hingham Savings: 2Q Earnings Snapshot
HINGHAM, Mass. (AP) _ Hingham Institution for Savings (HIFS) on Friday reported second-quarter profit of $8.7 million.
The bank, based in Hingham, Massachusetts, said it had earnings of $3.99 per share. Earnings, adjusted for non-recurring gains, were $3.57 per share.
The community bank posted revenue of $28.4 million in the period. Its revenue net of interest expense was $17.8 million, beating Street forecasts.
Hingham Savings shares have climbed almost 2% since the beginning of the year. In the final minutes of trading on Friday, shares hit $201.03, a decrease of 6.5% in the last 12 months.