United Financial: 4Q Earnings Snapshot
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.