Hingham Institution for Savings Stock Rises on Higher 2Q Profit, Revenue

Dow Jones
07/12
 

By Kelly Cloonan

 

Shares of Hingham Institution for Savings climbed after the company logged higher profit and revenue in the second quarter.

The stock rose 7.9% to $295.01 in after-hours trading on Friday. Shares have risen 39% in the past 12 months through market close.

The company on Friday posted a profit of $9.4 million, or $4.28 a share, compared with $4.1 million, or $1.88 a share, a year earlier.

Core net income, which excludes the after-tax net gain on equity securities, was $3.39 per share.

Revenue rose to $18.3 million compared with $10.6 million a year ago.

Net interest income increased to $18 million from $10.4 million. Net interest margin was 1.7%, up 16 basis points from the prior quarter.

Chief Executive Robert Gaughen Jr. said returns on equity and assets remained lower than the company's long-term expectations, but have recovered significantly.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

July 11, 2025 17:38 ET (21:38 GMT)

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