United Financial: 4Q Earnings Snapshot

January 22, 2019

HARTFORD, Conn. (AP) _ United Financial Bancorp Inc. (UBNK) on Tuesday reported fourth-quarter profit of $12.2 million.

The bank, based in Hartford, Connecticut, said it had earnings of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 25 cents per share.

The holding company for United Bank posted revenue of $81.7 million in the period. Its revenue net of interest expense was $57.9 million, which topped Street forecasts.

For the year, the company reported profit of $59.9 million, or $1.17 per share. Revenue was reported as $228.2 million.

United Financial shares have increased nearly 8 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.82, a fall of 13 percent 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 UBNK at https://www.zacks.com/ap/UBNK

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