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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