Hingham Institution for Savings (HIFS) Reports Q2 EPS of $2.20

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Hingham Savings Announces 22% Growth in Quarterly Earnings

July 16, 2015 9:39 AM EDT

HINGHAM, Mass., July 16, 2015 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), Hingham, Massachusetts announced second quarter earnings for 2015. Net income for the quarter ended June 30, 2015 was $4,723,000 or $2.22 per share basic and $2.20 per share diluted as compared to $3,873,000 or $1.82 per share (basic and diluted) in earnings for the second quarter of 2014. Net income per share (basic) for the second quarter of 2015 increased 22% over the same period in 2014. The Bank's annualized return on average equity for the second quarter of 2015 was 14.70%, and the annualized return on average assets was 1.19% as compared to 13.51% and 1.08% for... More

Hingham Savings Announces 22% Growth in Quarterly Earnings

July 16, 2015 9:39 AM EDT

HINGHAM, Mass., July 16, 2015 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), Hingham, Massachusetts announced second quarter earnings for 2015. Net income for the quarter ended June 30, 2015 was $4,723,000 or $2.22 per share basic and $2.20 per share diluted as compared to $3,873,000 or $1.82 per share (basic and diluted) in earnings for the second quarter of 2014. Net income per share (basic) for the second quarter of 2015 increased 22% over the same period in 2014. The Bank's annualized return on average equity for the second quarter of 2015 was 14.70%, and the annualized return on average assets was 1.19% as compared to 13.51% and 1.08% for... More