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United Financial Bancorp Announces Record Annual Earnings

HARTFORD, Conn. — United Financial Bancorp Inc., the holding company for United Bank, announced results for the quarter ended Dec. 31, 2018.

The company reported net income of $12.2 million, or $0.24 per diluted share, for the quarter ended Dec. 31, 2018, compared to net income for the linked quarter of $16.3 million, or $0.32 per diluted share. The company reported net income of $9.5 million, or $0.19 per diluted share, for the quarter ended Dec. 31, 2017. Net income for the year ended Dec. 31, 2018 was $59.9 million, or $1.17 per diluted share, compared to net income of $54.6 million, or $1.07 per diluted share, for the year ended Dec. 31, 2017.

“In the fourth quarter of 2018, United Financial Bancorp Inc. delivered annualized linked quarter loan growth of 9% and deposit growth of 12%, while maintaining pristine asset quality and a strong balance sheet,” said William Crawford, IV, CEO and president of the company and the bank. “I would like to thank our United employees for their continued steadfast focus on serving the needs of our customers and communities.”

The complete report is available at www.unitedfinancialinc.com.

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