October 18, 2017

United Bank's 3Q net rises

Glastonbury community lender United Financial Bancorp Inc. posted a 7 percent increase in third-quarter net income.

For three months ended Sept. 30, the parent of United Bank said it netted $15.2 million, or 30 cents a diluted share, up from $14.2 million, or 28 cents a diluted share, netted the same quarter a year ago.

The bank cited gains from interest collected from its portfolio of commercial-lending and home-equity and mortgage loans.

United Financial finished the quarter with $6.98 billion in assets vs. $6.54 billion a year earlier.

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