United Financial Bancorp Reports Q4 EPS of $0.18

United Financial Bancorp, Inc. UBNK, the holding company for United Bank, reported net income of $2.7 million, or $0.18 per diluted share, for the fourth quarter of 2010 compared to net income of $1.2 million, or $0.08 per diluted share, for the corresponding period in 2009. Excluding expenses totaling $1.4 million related to the acquisition of Commonwealth National Bank, net income would have been $2.3 million, or $0.15 per diluted share, for the fourth quarter of 2009. The improved results were largely due to an increase in net interest income, driven by growth in average earning assets, and a lower provision for loan losses.