United Financial Bancorp, Inc. (UBNK) Named to FORTUNE’s Fastest Growing Companies List for 2017
September 28 2017 - 4:10PM
United Financial Bancorp, Inc. (“United Financial” or the
"Company”) (NASDAQ:UBNK), the holding company for United Bank (the
"Bank”), announced today they have been named by
FORTUNE magazine to their 31st annual list of 100 Fastest
Growing Companies.
FORTUNE ranked United Financial #39 out of the 100 fastest
growing companies who made this year’s list. According to
FORTUNE’s list, United is also the only Connecticut-based,
publicly-traded company to make the 2017 list.FORTUNE made the
announcement on September 11, 2017 and it’s the Company’s first
year on the list. Joining United Financial are other
publicly-traded financial institutions as well as companies
representing the fields of technology, healthcare, industrials,
business services and more. United Financial was also listed among
the top newcomers in 2017. According to FORTUNE, to qualify, a
company – domestic or foreign – must be trading on a U.S. stock
exchange; report data in U.S. dollars; file quarterly reports with
the SEC; have a minimum market capitalization of $250 million and a
stock price of at least $5.00 on June 30, 2017; and have been
trading continuously since June 30, 2014. In addition, companies
must have revenue and net income for the four quarters ended on or
before April 30, 2017, of at least $50 million and $10 million,
respectively, and have posted an annualized growth in revenue and
earnings per share of at least 15% over the three years ended on or
before April 30, 2017. Companies that meet these criteria are
ranked by revenue growth rate, EPS growth rate and 3-year
annualized total return for the period ended June 30, 2017. The
overall rank is based on sum of the three ranks. “United Bank
employees and our Board of Directors are very honored to be
included on a such a coveted list that includes some of the world’s
most recognizable brands and successful companies,” said
William H.W. Crawford, IV, Chief Executive Officer.
“Although this accolade is defined by our success in delivering
strong financial performance, it’s also a clear reflection of our
focus on doing more business with existing customers and winning
new customers at United Bank. I would like to thank the entire
United Bank team for their enduring and unwavering commitment to
serving our customers and our communities.” To view the entire list
and see where United Bank ranks, please visit click here:
http://fortune.com/100-fastest-growing-companies/. About
United Financial Bancorp, Inc. United Financial Bancorp,
Inc. is the holding company for United Bank, a full service
financial services firm offering a complete line of commercial,
business, and consumer banking products and services to customers
throughout Connecticut and Massachusetts. United Bank is a leading
New England bank with more than 50 branches in two states and
several commercial and residential loan production offices. United
Financial Bancorp, Inc. trades on the NASDAQ Global Select Stock
Exchange under the ticker symbol “UBNK”. Forward Looking
Statements This press release may contain certain
forward-looking statements about the Company. Forward-looking
statements include statements regarding anticipated future events
and can be identified by the fact that they do not relate strictly
to historical or current facts. They often include words such as
“believe,” “expect,” “anticipate,” “estimate,” and “intend” or
future or conditional verbs such as “will,” “would,” “should,”
“could,” or “may.” Forward-looking statements, by their nature, are
subject to risks and uncertainties. Certain factors that could
cause actual results to differ materially from expected results
include increased competitive pressures, changes in the interest
rate environment, general economic conditions or conditions within
the securities markets, and legislative and regulatory changes that
could adversely affect the business in which the Company and its
subsidiaries are engaged.
Contact:
Adam J.
Jeamel
Head of Corporate Communications860-291-3765
ajeamel@bankatunited.com
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