Home Savings reports strong fourth quarter

YOUNGSTOWN

United Community Financial Corp., parent company of The Home Savings and Loan Co., announced on Tuesday that net income for the quarter ended Dec. 31, 2015 totaled $4.3 million, or $0.09 per diluted common share compared with $2.8 million, or $0.06 per diluted common share for the quarter ended Dec. 31, 2014.

Net income for the twelve months ended Dec. 31, 2015 totaled $16.3 million, or $0.34 per diluted common share compared with $50.2 million or $1 per diluted common share ($10.5 million, or $0.20 per diluted share adjusted for the recognition of $39.7 million of income tax benefit from the reversal of a deferred tax asset valuation reserve) for the twelve months ended Dec. 31, 2014.