United Financial Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $41,892,000 against $16,976,000 a year ago. Loss before income taxes was $4,516,000 against income before income taxes of $2,040,000 a year ago. Net income was $1,421,000 or $0.03 basic and diluted per share against $1,757,000 or $0.07 basic and diluted per share a year ago. Total interest and dividend income was $48,209,000 against $19,748,000 a year ago. Return on average assets (annualized) was 0.11% and return on average equity (annualized) was 0.90% against 0.31% and 2.39%, respectively a year ago. Operating net income was $8,316,000 or $0.16 diluted per share against $3,296,000 or $0.13 diluted per share a year ago.

For the year, the company reported net interest income of $137,872,000 against $67,057,000 a year ago. Income before income taxes was $549,000 against $19,596,000 a year ago. Net income was $6,782,000 or $0.16 diluted per share against $14,227,000 or $0.54 diluted per share a year ago. Total interest and dividend income was $155,879,000 against $77,517,000 a year ago. Operating net income was $26,729,000 or $0.62 diluted per share against $16,300,000 or $0.62 diluted per share a year ago.