Hingham Institution for Savings (HIFS) Reports Q3 EPS of $2.44
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Hingham Savings Announces 17% Increase in Annual Operating Earnings
January 19, 2016 9:10 AM ESTHINGHAM, Mass., Jan. 19, 2016 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), announced net income for the year ended December 31, 2015 was $19,346,000 or $9.09 per share basic and $9.02 per share diluted as compared to $22,264,000 or $10.46 per share basic and $10.44 per share diluted for 2014. Annual earnings for 2014 included a one-time net gain of approximately $5.7 million related to a non-taxable life insurance transaction, the details of which were reported in the Banks 2014 Annual Report on Form 10-K. Excluding this event, the Banks operating earnings was $16,523,000 or $7.76 per share basic and $7.75 per share fully diluted for 2014. ... More
