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Stock impact report

Hingham Savings Reports First Quarter 2024 Results

Hingham Institution for Savings (HIFS) 
US:NASDAQ Investor Relations: hinghamsavings.com/investor-materials
Company Research Source: GlobeNewswire
HINGHAM, Mass., April 12, 2024 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), Hingham, Massachusetts announced results for the quarter ended March 31, 2024. Earnings Net income for the quarter ended March 31, 2024 was $6,868,000 or $3.17 per share basic and $3.13 per share diluted, as compared to $8,510,000 or $3.96 per share basic and $3.87 per share diluted for the same period last year. The Bank’s annualized return on average equity for the first quarter of 2024 was 6.63%, and the annualized return on average assets was 0.63%, as compared to 8.67% and 0.82% for the same period last year. Net income per share (diluted) for the first quarter of 2024 decreased by 19% compared to the same period in 2023. Core net income for the quarter ended March 31, 2024, which represents net income excluding the after-tax gains on equity securities, both realized and unrealized, was $2,213,000 or $1.02 per share basic and $1.01 per Show less Read more
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