Hingham Savings: Q1 Earnings Snapshot

Published: 2024-04-12 16:17:12 ET HIFS

HINGHAM, Mass. (AP) — HINGHAM, Mass. (AP) — Hingham Institution for Savings (HIFS) on Friday reported net income of $6.9 million in its first quarter.

The Hingham, Massachusetts-based bank said it had earnings of $3.13 per share. Earnings, adjusted for non-recurring gains, came to $1.01 per share.

The community bank posted revenue of $53.7 million in the period. Its revenue net of interest expense was $15.3 million, surpassing Street forecasts.

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