AP NEWS

Hingham Savings: 2Q Earnings Snapshot

July 12, 2019

HINGHAM, Mass. (AP) _ Hingham Institution for Savings (HIFS) on Friday reported second-quarter profit of $8.7 million.

The bank, based in Hingham, Massachusetts, said it had earnings of $3.99 per share. Earnings, adjusted for non-recurring gains, were $3.57 per share.

The community bank posted revenue of $28.4 million in the period. Its revenue net of interest expense was $17.8 million, beating Street forecasts.

Hingham Savings shares have climbed almost 2% since the beginning of the year. In the final minutes of trading on Friday, shares hit $201.03, a decrease of 6.5% 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

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