United Financial Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
July 16, 2019 at 04:17 pm EDT
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United Financial Bancorp, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced net interest income was USD 47.010 million compared to USD 48.181 million a year ago. Net loss was USD 3.248 million compared to net income of USD 15.646 million a year ago. Basic loss per share was USD 0.06 compared to basic earnings per share of USD 0.31 a year ago. For the half year, net interest income was USD 93.947 million compared to USD 94.724 million a year ago. Net income was USD 9.409 million compared to USD 31.433 million a year ago. Basic earnings per share was USD 0.19 compared to USD 0.62 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. 
