United Financial Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 18, 2019 at 07:37 am EDT
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United Financial Bancorp, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net interest income was USD 46.406 million compared to USD 48.429 million a year ago. Net income was USD 12.730 million compared to USD 16.308 million a year ago. Basic earnings per share was USD 0.25 compared to USD 0.32 a year ago. For the nine months, net interest income was USD 140.353 million compared to USD 143.153 million a year ago. Net income was USD 22.139 million compared to USD 47.741 million a year ago. Basic earnings per share was USD 0.44 compared to USD 0.94 a year ago.
United Financial Bancorp, Inc. is a bank holding company. The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to individuals, families and businesses in Connecticut and Massachusetts, including retail, commercial and consumer banking, as well as financial advisory services. The Company's operations include the delivery of loan and deposit products to customers. Personal and business banking customers also bank with the Company online through its Website at www.bankatunited.com, as well as its mobile and telephone banking channels. The Company originates commercial loans, commercial real estate loans, residential and commercial construction loans, residential real estate loans collateralized by one- to four-family residences, home equity lines of credit and fixed rate loans and other consumer loans. The principal lending activity of the Bank is to originate loans secured by first mortgages on one- to four-family residences.
UNITED FINANCIAL BANCORP, INC. 
