HINGHAM, Mass. (AP) _ Hingham Institution for Savings (HIFS) on Tuesday reported fourth-quarter profit of $17 million.

The bank, based in Hingham, Massachusetts, said it had earnings of $7.78 per share. Earnings, adjusted for non-recurring gains, were $5.84 per share.

The community bank posted revenue of $32.1 million in the period. Its revenue net of interest expense was $29 million, surpassing Street forecasts.

For the year, the company reported profit of $50.8 million, or $23.25 per share. Revenue was reported as $94.4 million.

Hingham Savings shares have risen almost 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $230.49, a rise of 12% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIFS at https://www.zacks.com/ap/HIFS

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