United Financial Bancorp, Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net interest income was $48,429,000 compared to $46,768,000 a year ago. Income before income taxes was $17,034,000 compared to $17,366,000 a year ago. Net income was $16,308,000 or $0.32 basic and diluted per share compared to $15,191,000 or $0.30 basic and diluted per share a year ago. Total interest and dividend income was at $70,191,000 compared to $60,799,000 reported last year. Return on average assets was 0.91% compared to 0.88% for the same period a year ago. Return on average equity was 9.26% compared to 8.92% for the same period a year ago. On non-GAAP basis, the company reported total revenue of $58,042,000 million compared to $55,036,000 reported last year. Non-GAAP net income was $14,465,000 compared to $15,088,000 a year ago.

For the nine-month period, the company reported net interest income was $143,153,000 compared to $137,393,000 a year ago. Income before income taxes was $50,012,000 compared to $51,718,000 a year ago. Net income was $47,741,000 or $0.94 diluted per share compared to $45,117,000 or $0.89 diluted per share a year ago. Total interest and dividend income was at $200,815,000 compared to $174,527,000 reported last year. Tangible book value per share increased to $11.55 at September 30, 2018 from $11.40 at June 30, 2018. The increase was primarily driven by the impact of the Company's net income of $16.3 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 September 30, 2018 was $13.88, as compared to $13.73 in the linked quarter.

The company announced net charge-offs for the quarter ended September 30, 2018 totaled $1.3 million as compared to $1.1 million for the quarter ended June 30, 2018.