Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Hingham Institution Q1 Profit Rises - Quick Facts

Hingham Institution For Savings (HIFS: Quote), Thursday, reported a higher profit for the first quarter.

The Hingham, Massachusetts-based company reported a first-quarter net profit of $3.24 million or $1.52 per share, compared to $2.88 million or $1.35 per share last year.

Net interest income for the quarter grew to $9.36 million from $8.66 million in the prior-year quarter. Meanwhile provision for loan losses decreased to $225 thousands from $300 thousands last year.

For the quarter, total other income dropped to $407 thousands from $411 thousands in the prior-year quarter.

The company also increased its quarterly dividend to $0.25 per share from $0.24 per share.

Click here to receive FREE breaking news email alerts for Hingham Institution For Savings and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.