UCFC reports earnings increase
YOUNGSTOWN — United Community Financial Corp., the parent company of Home Savings Bank, had net income of $39.5 million in 2019, up 6.2 percent from the $37.2 million reported in 2018. For the same period, earnings per share rose to 81 cents, up 9.3 percent from the 74 cents per share in 2019.
For the latest quarter, net income was $9.8 million, up 2.8 percent from the $9.6 million reported in the same quarter of 2018. Earnings per share decreased 6.3 percent to 20 cents from 19 cents per share.
The results include $1.4 million in merger costs related to the merger with First Defiance Financial Corp.