Hingham Institution for Savings (HIFS) Reports Q1 EPS of $2.48
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Hingham Savings Announces 18% Increase in Earnings per Share, 15% Return on Equity
April 12, 2016 1:03 PM EDTHINGHAM, Mass., April 12, 2016 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), Hingham, Massachusetts announced first quarter earnings for 2016. Net income for the quarter ended March 31, 2016 was $5,324,000 or $2.50 per share basic and $2.48 per share diluted as compared to $4,515,000 or $2.12 per share basic and $2.11 per share diluted for the same period last year. For the first quarter of 2016, the Banks return on average equity was 15.03% and the return on average assets was 1.19% as compared to 14.52% and 1.15% for the same period in 2015.  Â
Strong growth trends of recent years continued, as deposits increased to $1.268 billion,... More
