Hingham Institution for Savings (HIFS) Reports Q1 EPS of $2.11
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Hingham Savings Reports 24% Increase in Net Operating Earnings, Excluding Last Year's $5.7 Million of Net Income From One-Time Event
April 16, 2015 4:05 PM EDTHINGHAM, Mass., April 16, 2015 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (Nasdaq: HIFS), Hingham, Massachusetts announced first quarter earnings for 2015. Net income for the quarter ended March 31, 2015 was $4,515,000 or $2.12 per share basic and $2.11 per share diluted as compared to $9,375,000 or $4.40 per share (basic and diluted) for the same period last year. Earnings for the first quarter of 2014 included a net gain of approximately $5.7 million related to non-taxable life insurance death benefit income of $6,302,000 less an accrual of $949,000 for a contractual death benefit liability, and $388,000 in related income tax benefit. Excluding this event, the Bank earned... More
Hingham Savings Reports 24% Increase in Net Operating Earnings, Excluding Last Year's $5.7 Million of Net Income From One-Time Event
April 16, 2015 4:05 PM EDTHINGHAM, Mass., April 16, 2015 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (Nasdaq: HIFS), Hingham, Massachusetts announced first quarter earnings for 2015. Net income for the quarter ended March 31, 2015 was $4,515,000 or $2.12 per share basic and $2.11 per share diluted as compared to $9,375,000 or $4.40 per share (basic and diluted) for the same period last year. Earnings for the first quarter of 2014 included a net gain of approximately $5.7 million related to non-taxable life insurance death benefit income of $6,302,000 less an accrual of $949,000 for a contractual death benefit liability, and $388,000 in related income tax benefit. Excluding this event, the Bank earned... More
