United Community Financial (UCFC) Raises Quarterly Dividend to $0.04; 1.8% Yield

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UCFC Announces Record Second Quarter Earnings and Increases Dividend

July 18, 2017 4:10 PM EDT

YOUNGSTOWN, Ohio--(BUSINESS WIRE)-- United Community Financial Corp. (Company) (NASDAQ: UCFC), parent company of Home Savings Bank (Home Savings), today announced net income of $8.2 million, or $0.163 per diluted common share, a 45.5% improvement over the $0.112 per diluted common share reported for the quarter ended June 30, 2016.

Second quarter 2017 highlights:

Organic loan growth, including loans held for sale, strong at 9.4% annualized Revenue growth of 31%, compared to the second quarter of 2016 Net interest margin increased to 3.46% Return on average assets of 1.27% Return on average equity... More