Hingham Institution for Savings announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. Net income for the fourth quarter of 2014 was $4,535,000 or $2.12 per share diluted; a 30% increase over $3,488,000 or $1.64 per share (basic and diluted) for the fourth quarter of 2013. Return on average assets was 1.18% against 1.06% a year ago. Return on average equity was 15.01% against 13.62% a year ago. Net interest income was $12,205,000 against $10,075,000 a year ago. Income before income taxes was $7,669,000 against $5,894,000 a year ago.

Net income for the year ended December 31, 2014 was $22,264,000 or $10.46 per share basic and $10.44 per share diluted as compared to $13,371,000 or $6.28 per share (basic and diluted) for 2013. The Bank's return on average equity for the year ended December 31, 2014 was 19.30%, and the return on average assets was 1.52% against 13.52% and 1.07% respectively a year ago. Excluding the income statement impact of this event, the Bank's return on average equity was 14.32% and return on average assets was 1.13% in 2014, as compared to 13.52% and 1.07% in 2013. Book value per share increased by 17.7% to $57.08 per share at December 31, 2014 from $48.49 per share at December 31, 2013. Net interest income was $46,257,000 against $38,840,000 a year ago. Income before income taxes was $33,406,000 against $22,611,000 a year ago.