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Hingham Savings: 3Q Earnings Snapshot

·1 min read

HINGHAM, Mass. (AP) _ Hingham Institution for Savings (HIFS) on Tuesday reported third-quarter net income of $15.2 million.

The Hingham, Massachusetts-based bank said it had earnings of $6.96 per share. Earnings, adjusted for non-recurring gains, were $5.68 per share.

The community bank posted revenue of $30.6 million in the period. Its revenue net of interest expense was $26.7 million, surpassing Street forecasts.

Hingham Savings shares have fallen nearly 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $198.38, a rise of nearly 6% 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