West Springfield, Mass. lender United Financial, which hopes to merge this year with Rockville Financial, booked a $4 million profit in its fourth quarter, reversing a $4.7 million loss from a year earlier.
The parent to United Bank said lower merger-related and non-interest expenses boosted its bottom line.
Earnings per share were 20 cents, up from a loss of 28 cents in the fourth quarter of 2012.
For the year, the bank reported higher net interest income of $17.4 million, compared to $3.6 million in 2012.
United CEO Richard B. Collins said in a statement that United and Rockville hope to finalize their $369 million merger in the second quarter. The banks still need regulatory approvals.
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