logo
Share SHARE
FONT-SIZE Plus   Neg

Hingham Institution Q1 Profit Rises - Quick Facts

Hingham Institution For Savings (HIFS), 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
General Motors (GM) luxury brand is offering 400 dealers as it reshapes the brand's image to better compete with rivals, according to media reports. The Detroit auto maker will provide as much as $180,000 in "transition assistance" to U.S. Cadillac dealers unwilling to invest in a set of new standards... Hotwire of Expedia Inc. cautioned customers about a fake fax memo. The memo, offering deep travel discounts, has an old corporate Hotwire logo in it to falsely imply a connection with Hotwire. It carries phone numbers which are not related to travel booking site. A Singapore-based music start-up has acquired a 49 percent stake in the iconic music and pop culture-focused magazine Rolling Stone, becoming the first outsider investor in the magazine. Financial terms of the deal, which will enable Rolling Magazine to expand its international reach, were not disclosed.
comments powered by Disqus
Follow RTT