HIFS - Hingham Institution for Savings Non-GAAP EPS of $1.85 revenue of $18.87M

2023-07-17 01:55:23 ET

• Hingham Institution for Savings press release ( NASDAQ: HIFS ): Q2 Non-GAAP EPS of $1.85.
• Revenue of $18.87M (+30.4% Y/Y).
• Book value per share was $185.94 as of June 30, 2023, representing 7% annualized growth year-to-date and 9% growth from June 30, 2022.
• The net interest margin for the quarter ended June 30, 2023 decreased 193 basis points to 1.28%, as compared to 3.21% for the same period last year.
• The efficiency ratio, as defined on page 5 below, increased to 55.03% for the second quarter of 2023, as compared to 21.30% for the same period last year.

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