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.
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