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Hingham Savings: 1Q Earnings Snapshot

HINGHAM, Mass. (AP) _ Hingham Institution for Savings (HIFS) on Friday reported first-quarter profit of $9.8 million.

The bank, based in Hingham, Massachusetts, said it had earnings of $4.50 per share. Earnings, adjusted for non-recurring gains, came to $3.48 per share.

The community bank posted revenue of $28.3 million in the period. Its revenue net of interest expense was $19 million, surpassing Street forecasts.

Hingham Savings shares have dropped 14 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $170.30, a fall of 16 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIFS at https://www.zacks.com/ap/HIFS