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Hingham Savings: 4Q Earnings Snapshot

HINGHAM, Mass. (AP) _ Hingham Institution for Savings (HIFS) on Thursday reported fourth-quarter earnings of $4.7 million.

The bank, based in Hingham, Massachusetts, said it had earnings of $2.13 per share. Earnings, adjusted for non-recurring costs, came to $3.68 per share.

The community bank posted revenue of $20.6 million in the period. Its revenue net of interest expense was $12.1 million, topping Street forecasts.

For the year, the company reported profit of $30.4 million, or $13.90 per share. Revenue was reported as $64.1 million.

Hingham Savings shares have dropped slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $197.33, a decline of 7 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