January 24, 2018

United Financial's 4Q net lower

Hartford community lender United Financial Bancorp Inc. posted lower fourth-quarter net income on its way to greater overall earnings for all of 2017.

For three months ended Dec. 31, the parent of United Bank said it netted $9.5 million, or 19 cents a diluted share, down from $14.6 million, or 29 cents a diluted share, netted the same quarter a year earlier.

For 2017, United Financial netted $54.6 million, or $1.07 a diluted share, up from $49.7 million, or 99 cents a diluted share, netted in 2016.

United ended 2017 with assets of $7.1 billion vs. $7 billion to end 2016.

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