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
Poultry giant Sanderson Farms has blamed the national anthem protests in National Football League for its lower sales for the fourth-quarter and full year. Sanderson Farms, which is one of the biggest chicken providers in the US, said that NFL protests involving players taking a knee during the national... Amazon would reportedly sell Google's Chromecast streaming adapter for this Christmas. The online retailer giant has banned the product from its site for the last two years and has presumably settle the issues. Though the product is not available for sale, it has listed 4K-capable Chromecast Ultra adapter. Europe's no-frills airline Ryanair recognized pilot union for a smooth holiday season ahead. The airline had a discussion with its pilots union in Britain, Germany, Italy, Spain, Ireland, Portugal to iron out the issues. The pilots working for Ryanair have been enjoying different status and many of them were reportedly not in the rolls as full timers.
comments powered by Disqus
Follow RTT