Hingham Institution for Savings Full Year 2023 Earnings: EPS: US$12.26 (vs US$17.49 in FY 2022)
Hingham Institution for Savings (NASDAQ:HIFS) Full Year 2023 Results
Key Financial Results
Revenue: US$63.5m (down 22% from FY 2022).
Net income: US$26.4m (down 30% from FY 2022).
Profit margin: 42% (down from 46% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: US$12.26 (down from US$17.49 in FY 2022).
HIFS Banking Performance Indicators
Net interest margin (NIM): 1.17% (down from 2.81% in FY 2022).
Cost-to-income ratio: 57.2% (up from 24.8% in FY 2022).
Non-performing loans: 0.04% (up from 0.03% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
In the last 12 months, the only revenue segment was Financial Services contributing US$63.5m. The largest operating expense was General & Administrative costs, amounting to US$24.8m (67% of total expenses). Explore how HIFS's revenue and expenses shape its earnings.
Hingham Institution for Savings shares are up 3.6% from a week ago.
Risk Analysis
Be aware that Hingham Institution for Savings is showing 1 warning sign in our investment analysis that you should know about...
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