United Community Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total interest income of USD 16.8 million compared to USD 15.99 million a year ago. Net interest income was USD 14.5 million compared to USD 13.4 million a year ago. Net interest income after provision for loan losses was USD 13.642 million compared to USD 13.157 million a year ago. Income before income taxes was USD 6.338 million compared to USD 2.123 million a year ago. Net income was USD 4.3 million compared to USD 2.8 million a year ago. Diluted earnings per common share was USD 0.09 compared to USD 0.06 a year ago. Return on average assets was 0.88% compared to 0.62% a year ago. Return on average equity was 7.02% compared to 4.70% a year ago. The improvement in net interest income, when comparing the fourth quarter of 2015 to the fourth quarter of 2014, was due to an increase in average net loan balances totaling approximately USD 157.4 million.

For the full year, the company reported total interest income was USD 65.6 million against USD 63.2 million a year ago. Net interest income was USD 56.5 million against USD 51.4 million a year ago. Net interest income after provision for loan losses was USD 54.4 million against USD 52.7 million a year ago. Income before income taxes was USD 24.2 million against USD 10.5 million a year ago. Net income was USD 16.3 million compared to USD 50.2 million a year ago. Diluted earnings per common share was USD 0.34 compared to USD 1.00 a year ago. Book value per common share as at December 31, 2015 was USD 5.14 compared to USD 4.88 a year ago. Tangible book value per common share as at December 31, 2015 was USD 5.14 compared to USD 4.88 a year ago.

The company reported total net charge-offs of USD 663,000 for the fourth quarter of 2015 compared to USD 639,000 a year ago.