Glastonbury lender United Financial Bancorp Inc. restored its second-quarter net to black amid skyrocketing second-quarter demand for its home and business loans.
For three months ended June 30, the parent of United Bank – formerly Rockville Bank – said Tuesday it netted $13.3 million, or 27 cents a share.
That compares to a net loss of $5.6 million, or 13 cents a share, sustained in the second quarter of 2014, reflecting the costs of former Rockville Financial’s merger with former United Financial of West Springfield, Mass.
“… United Financial delivered record results for earnings, revenue, fee income, commercial loan growth and residential mortgage production,’’ CEO William H. W. Crawford IV said.
United Financial’s board declared a cash dividend of 12 cents a share payable on Aug. 12 to common stockholders on record as of July 31.
