HINGHAM, Mass. (AP) _ Hingham Institution for Savings (HIFS) on Thursday reported fourth-quarter net income of $16.7 million.
The Hingham, Massachusetts-based bank said it had earnings of $7.56 per share. Earnings, adjusted for non-recurring gains, came to $6.81 per share.
The community bank posted revenue of $31.8 million in the period. Its revenue net of interest expense was $30 million, topping Street forecasts.
For the year, the company reported profit of $67.5 million, or $30.65 per share. Revenue was reported as $117.8 million.
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