United Financial Bancorp, Inc. announced unaudited consolidated earnings results for the second quarter ended June 30, 2018. For the quarter, the company reported revenue of $56,540,000 compared to $56,160,000 a year ago. The company reported net interest income of $48,181,000 compared to $46,328,000 a year ago. Income before income taxes was $15,821,000 compared to $18,533,000 a year ago. Net income was $15,646,000 or $0.31 per basic and diluted share compared to $16,200,000 or $0.32 per basic and diluted share a year ago. Total revenue was $56,541,000 compared to $56,154,000 a year ago. Return on average assets (annualized) was 0.88% compared to 0.96% a year ago. Return on average equity (annualized) was 9.00% compared to 9.66% a year ago. Return on average tangible common equity (annualized) was 11.03% compared to 11.95% a year ago. Non-GAAP total net income was $15,497,000 compared to $16,138,000 a year ago. Non-GAAP total revenue was $56,270,000 compared to $56,059,000 a year ago. Book value per share at March 31, 2018 was $13.59. Tangible book value per share increased to $11.40 at June 30, 2018 from $11.25 at March 31, 2018. The increase was primarily driven by the impact of the company's net income of $15.6 million, partially offset by the cash dividend payment to shareholders of $0.12 per share, as well as increases in accumulated other comprehensive losses as a result of a decrease in the market value of the company's investment portfolio, as compared to the previous quarter. Book value per share at June 30, 2018 was $13.73. Total interest and dividend income was $67,130,000 against $58,562,000 a year ago. Non-GAAP return on average tangible common equity (annualized) was 11.03% compared to 11.95% a year ago. The Street view was $56.7 million in revenue.

For the six months, the company reported net interest income of $94,724,000 compared to $90,625,000 a year ago. Income before income taxes was $32,978,000 compared to $34,352,000 a year ago. Net income was $31,433,000 or $0.62 per diluted share compared to $29,926,000 or $0.59 per diluted share a year ago. Total interest and dividend income was $130,624,000 against $113,728,000 a year ago.

Net charge-offs for the quarter ended June 30, 2018 totaled $1.1 million, or 0.08% as a percentage of average loans outstanding for both quarters ended June 30, 2018 and March 31, 2018.