United Community Financial (UCFC) Misses Q1 EPS by 1c

United Community Financial (NASDAQ: UCFC) reported Q1 EPS of $0.10, $0.01 worse than the analyst estimate of $0.11.

First quarter 2017 highlights:

• Completed acquisition and integration of Premier
• Organic loan growth strong at 23.1% annualized
• Nonperforming loans and delinquent loans decreased to 0.58% and 0.81%, respectively of total loans.
• Home Savings converted to a bank charter
• Dividend of $0.03 per common share declared

Gary M. Small President and Chief Executive Officer of the Company commented, “We are very pleased to announce solid core earnings along with the completion of a significant acquisition integration effort in March. New clients are on-boarded, financial performance is in line with expectations, and we are currently expanding our Wealth Management group to capitalize on our newly acquired capabilities. I could not be more proud of the team … certainly an outstanding effort all around.”

Small continued, “Our business units remained focused in the first quarter as we continue to see outstanding business opportunities. For the quarter, we delivered outstanding organic loan growth. We are well positioned for the remainder of the year.”

For earnings history and earnings-related data on United Community Financial (UCFC) click here.

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