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United Financial Bancorp reports earnings, declares dividend.

Global Banking News-October 22, 2015--United Financial Bancorp reports earnings, declares dividend

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Global Banking News - 22 October 2015

United Financial Bancorp Inc. (NASDAQ GSM: UBNK), the holding company for United Bank, has announced results for the quarter ended September 30, 2015.

The company reported a net income of USD13.4m, or USD0.27 per diluted share, for the quarter ended September 30, 2015, compared to net income of USD10m, or USD0.19 per diluted share, for the quarter ended September 30, 2014.

Total commercial loans increased by USD104m, or 16 percent annualised, during the third quarter of 2015, while average commercial loans increased during the quarter by USD174m. Deposits totalled USD4.26bn at September 30, 2015 and increased by USD81m, or 2 percent from USD4.18bn at June 30, 2015, reflecting a USD12m, or 2 percent increase in non-interest bearing deposits and a USD68m, or 2 percent increase in interest bearing deposits.

The board of directors also declared a cash dividend of USD0.12 per share on its common stock, which will be payable on November 12, 2015, to shareholders of record at the close of business on October 30, 2015.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Oct 22, 2015
Words:219
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