United Community Financial Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Reports Net Charge-Offs for the Fourth Quarter of 2015
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.