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Hingham Institution for Savings Reports Q4 EPS of $1.27

Hingham Institution for Savings (Nasdaq: HIFS) announced its earnings for 2010. Net income for the year ended December 31, 2010 was a record $10,228,000 or $4.81 per share (basic and diluted) as compared to $8,045,000 or $3.79 per share (basic and diluted) in 2009.

Net income for the fourth quarter ended December 31, 2010 was $2,698,000 or $1.27 per share (basic and diluted) as compared to $2,267,000 or $1.07 per share (basic and diluted) for the fourth quarter ended December 31, 2009. The Bank's return on average equity for 2010 was 14.67%, and the return on average assets was 1.05%.

Posted-In: Earnings News

 

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