HINGHAM, Mass. (AP) — HINGHAM, Mass. (AP) — Hingham Institution for Savings (HIFS) on Friday reported net income of $20.7 million in its fourth quarter.
The bank, based in Hingham, Massachusetts, said it had earnings of $9.39 per share. Earnings, adjusted for non-recurring gains, came to $4.54 per share.
The community bank posted revenue of $66.8 million in the period. Its revenue net of interest expense was $35 million, surpassing Street forecasts.
For the year, the company reported profit of $54.6 million, or $24.76 per share. Revenue was reported as $104.4 million.
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