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HINGHAM, Mass. (AP) — HINGHAM, Mass. (AP) — Hingham Institution for Savings (HIFS) on Friday reported net income of $11.4 million in its fourth quarter.
The Hingham, Massachusetts-based bank said it had earnings of $5.16 per share. Earnings, adjusted for non-recurring gains, were $2.16 per share.
The community bank posted revenue of $58.7 million in the period. Its revenue net of interest expense was $22.2 million, surpassing Street forecasts.
For the year, the company reported profit of $28.2 million, or $12.85 per share. Revenue was reported as $65.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIFS at https://www.zacks.com/ap/HIFS