Shareholder Information

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Q4 2018 Earnings Call Replay
Wednesday, January 23, 2019, 10:00 AM ET
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Replay Access Code: 10127439
Note: Replay available through February 6, 2019

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, small business, wealth management and consumer banking products and services to customers throughout Connecticut, Massachusetts and Rhode Island. United Bank is a financially strong, leading New England bank headquartered in Hartford, Connecticut with more than 50 branches in three states. United Financial Bancorp, Inc. trades on the NASDAQ Global Select Stock Exchange under the ticker symbol “UBNK.” At December 31, 2018, the Company had $7.36 billion in assets.

United Financial Bancorp, Inc. 225 Asylum Street Hartford, CT 06103 860-291-3600	Investor Relations Contacts Marliese L. Shaw EVP Investor Relations Officer mshaw@bankatunited.com	Transfer Agent Broadridge Corporate Issuer Solutions, Inc. P.O. Box 1342 Brentwood, NY 11717 Phone: (844) 318-0126 Fax: (215) 553-5402 shareholder@broadridge.com

Executive Officers
William H. W. Crawford IV Chief Executive Officer United Financial Bancorp, Inc. & United Bank	Eric R. Newell Executive Vice President, Chief Financial Officer
Mark A. Kucia Executive Vice President, Chief Credit Officer	Brandon C. Lorey Executive Vice President, Head of Consumer Banking
David C. Paulson Executive Vice President, Head of Wholesale Banking	Marliese L. Shaw Executive Vice President, Corporate Secretary/Investor Relations
Elizabeth Wynnick Executive Vice President, Chief Risk Officer

Board of Directors
William H. W. Crawford IV Chief Executive Officer United Financial Bancorp, Inc. & United Bank	Robert A. Stewart Jr. Chairman
Raymond H. Lefurge Jr. Vice Chairman of the Board of Directors	Michael A. Bars
Michael F. Crowley	Kristen A. Johnson
Carol A. Leary	Kevin E. Ross
Paula A. Aiello

No data available.

Most recent year is YTD

Insider Transaction Activity (Last 6 Months)
Aggregates	Shares	Price ($)	Value ($)
Open Market Buys	0	--	--
Open Market Sells	(47,000)	14.84	(697,626)
Options Ex. & Sold	25,910	12.47	183,639
Net Shares	105,697	13.44	(513,987)

High Volume Traders (Last 6 Months)
Name	# Buys	# Sells	# Options Ex. & Sold	Total # Trans.	Net Shares
William H. W. Crawford IV	3	2	5	10	24,668
Eric R. Newell	3	0	3	6	18,150
Brandon Craig Lorey	3	0	3	6	14,415
Wynnick, Elizabeth Kenney	3	0	3	6	13,401
Mark A. Kucia	3	0	3	6	7,328

Ownership Information
Shares Outstanding	50,513,595
Short Interest Shares	382,454
Float (%)	97.83
Institutional Ownership (%)	71.24
Mutual Fund Ownership (%)	35.45
Insider Ownership (%)	2.17
Top 10 Instn Holders (%)	44.79

Ownership Activity
Description	Holders	Shares
Total Positions	177	36,075,982
New Positions	17	317,300
Increased Positions	55	2,146,545
Decreased Positions	55	(901,786)
Soldout Positions	23	(755,194)
Net Change		806,865

Current Quote	Data as of February 20, 2019
Last Sale	$ 16.17
Last Close	$ 15.99
Today's High	$ 16.23
Today's Low	$ 15.90
Net Change	$ .18 1.13%
Today's Volume	106,410

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Current Chart

Bank & Thrift Company Deals
Target Seller	State	Industry Type	Announce Date	Status	Deal Value ($M)	Target Total Assets ($000)
United Financial Bancorp, Inc.	MA	Thrift	11/14/2013	Completed on 4/30/2014	352.95	2,490,737

Bank & Thrift Branch Deals
Target Seller	Industry Type	Announce Date	Status	Number of Branches	All Branch States	Total Deposits Transferred ($000)
6 BranchesWebster Financial Corporation	Bank	5/22/2018	Completed on 10/5/2018	6	CT,MA,RI	105,000

Specialty Finance Company Deals
Target Seller	Announce Date	Status	Deal Value ($M)	Target Total Assets ($000)
Assets of Family Choice Mortgage Co.Family Choice Mortgage Corp.	9/21/2009	Completed on 1/11/2010	0.10	NA

Specialty Finance Portfolio Company Deals
Target Seller	Announce Date	Status	Deal Value ($M)	Target Net Receivables ($000)
Specialty marine finance portfolioSociété Générale SA	12/31/2015	Completed on 12/31/2015		176,000

No data available.

Recent Press Releases
1/22/2019	United Financial Bancorp, Inc. Announces Record Annual Earnings of $59.9 Million; $1.17 Earnings Per Share
1/02/2019	United Financial Bancorp, Inc. (UBNK) Announces Dates for Q4 2018 Earnings Release and Conference Call
10/16/2018	United Financial Bancorp, Inc. Announces Third Quarter Earnings and Quarterly Dividend
10/02/2018	United Financial Bancorp, Inc. (UBNK) Announces Dates for Q3 2018 Earnings Release and Conference Call
7/17/2018	United Financial Bancorp, Inc. Announces Second Quarter Earnings and Quarterly Dividend

Stock Price History
	High ($)	Low ($)
One Day	16.23	15.90
One Month	16.23	13.37
Three Months	16.72	13.37
Year-to-Date	16.23	13.37
One Year	18.33	13.37
Three Year	19.35	11.35
Three Year Date	11/30/2017	2/24/2016

Upcoming Events
Annual Shareholder Meeting	5/13/2019

Stock Buyback Plan: United Financial Bancorp, Inc. ("United Financial" or the "Company") (Nasdaq:UBNK), the holding company for United Bank (the "Bank"), announced on May 23, 2013 that it completed the remaining authorized repurchases under its first stock purchase program, which had approximately 342,000 shares available for repurchase when the Company announced the approval of a new program earlier that week.

The first stock buyback plan was initiated in March 2012 when the Company reached the one year anniversary of its March 3, 2011 stock conversion. Under this plan, the Company was authorized to repurchase up to 2,951,250 shares, or 10% of the outstanding shares at the time the plan was approved. As of May 20, 2013, the Company had repurchased all of the shares authorized in the program at an average cost of $12.36 per share. The average closing price of the Company's common stock over this time period was $12.35 per share, which was 109% of the Company's March 31, 2013 tangible book value of $11.38.

The Company announced on May 20, 2013 that its Board of Directors approved a new stock repurchase program for up to 2,730,026 shares, or 10% of the then current outstanding shares. United also announced that the Company's regulator, the Federal Reserve Bank of Boston, has completed its review of its stock repurchase proposal and has considered all the facts of record. Acting pursuant to authority delegated by the Board of Governors of the Federal Reserve System, the Reserve Bank does not object to the proposal, and the Company may proceed with the stock repurchase program.

Under the new program, repurchases may be made from time to time in open-market or negotiated transactions as deemed appropriate by the Company and will depend on market conditions. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes, including the funding of the Company's equity incentive plan. Adoption of the program does not require the Company to purchase the authorized share amount, and the program can be modified or abandoned at any time.

Employee Stock Ownership Plan: As part of the reorganization and stock offering completed in 2005, the Company established an ESOP for eligible employees of the Bank, and authorized the Company to lend funds to the ESOP to purchase 699,659 or 3.6% of the shares issued in the initial public offering. Upon completion of the 2005 reorganization, the ESOP borrowed $4.4 million from the Company to purchase 437,287 shares of common stock. Additional shares of 59,300 and 203,072 were subsequently purchased by the ESOP in the open market at a total cost of $817,000 and $2.7 million in 2006 and 2005, respectively, with additional funds borrowed from the Company. The interest rate for the ESOP loan is the prime rate plus one percent, or 4.25% as of December 31, 2012. As the loan is repaid to the Company, shares will be released from collateral and will be allocated to the accounts of the participants. As of December 31, 2012, the outstanding balance for the loan was $1.9 million. Principal payments of $6.0 million have been made on the loan since inception.

As part of the second-step conversion and stock offering completed in 2011, the Bank authorized the Company to lend funds to the ESOP to purchase 684,395 shares, 276,017 shares of which were purchased during the initial public offering at a cost of $10.00 per share. In March 2011, the remaining shares totaling 408,378 were subsequently purchased by the ESOP in the open market at an average cost of $10.56 per share, or $4.3 million. The interest rate for the ESOP loans is the prime rate plus one percent, or 4.25% as of December 31, 2011. As of December 31, 2012, the outstanding balance for the loan was $6.8 million. Principal payments of $300,000 have been made on the loan since inception. Dividends paid in 2012 totaling $510,000 on all unallocated ESOP shares were offset to the interest payable on the note owed by the Company.

The Bank intends to make annual contributions to the ESOP that will be adequate to fund the payment of regular debt service requirements attributable to the indebtedness of the ESOP. Contributions will be $5.7 million and $10.5 million for the four year period ending 2015 and the 25 year period ending 2040, respectively.

As of December 31, 2012, there were 288 participants receiving an ESOP allocation with an aggregate eligible compensation of $19.3 million. The shares were allocated among the participants in proportion to each individual’s compensation as a percentage of the total aggregate compensation. Compensation was capped at $250,000 for 2012, as prescribed by law.

The total ESOP expense was $1.5 million, $1.3 million and $803,000 for the years ended December 31, 2012, 2011 and 2010, respectively. At December 31, 2012, there were 894,564 allocated and 851,004 unallocated ESOP shares and the unallocated shares had an aggregate fair value of $8.2 million.

Q: Where is United Financial Bancorp, Inc.'s common stock listed?

A: Our common stock is listed on NASDAQ under the symbol UBNK.
For more detailed stock information, please visit our Stock Quote page.

Q: Does United Financial Bancorp, Inc. pay a Dividend?

A: To see a list of our historical dividends, please visit our Dividends page.

Q: How can I request additional information from United Financial Bancorp, Inc.?

A: You can contact us via our Information Request page.

Q: How can I receive Email alerts from United Financial Bancorp, Inc.?

A: To sign up for Email alerts on our Events, Documents, Press Releases and closing stock price information click here to visit our Email Notification page.

Q: How can I change the registration on my stock certificate?

A: Contact our transfer agent, Broadridge Corporate Issuer Solutions at (844) 318-0126 for forms and instructions

Q: I lost my dividend check. How do I get it replaced?

A: Contact the Broadridge Corporate Issuer Solutions at (844) 318-0126 for a replacement check.

Q: When is your annual shareholder’s meeting?

A: Our annual shareholder’s meeting is typically held in May.

Q: How can I participate in the Dividend Reinvestment and Stock Purchase Plan (DRIP)?

A: The Dividend Reinvestment and Stock Purchase Plan will allow you to reinvest all or a portion of your dividends into new shares of United Financial Bancorp, Inc. (UBNK) stock. Contact the Broadridge Corporate Issuer Solutions at (844) 318-0126 to enroll.

Q: I have owned shares of United Financial Bancorp, Inc. for years, but have not received a dividend check for some time.

A: If you owned shares prior to our second step conversion March 3rd, 2011, you will need to exchange your shares. Your dividends have been accrued for you and will be paid upon exchange. Contact the Broadridge Corporate Issuer Solutions at (844) 318-0126 for assistance.

Q: Are my shares of United Financial Bancorp, Inc. taxable?

A: If you own shares of United Financial Bancorp, Inc. outside of an IRA or other retirement plan, the dividends you receive may be taxable. When you sell your shares, you may owe capital gains tax. Refer to a tax professional for specific advice.

Q: Why have I not received a 1099 for my dividends?

A: If your dividends are less than $10, you will not receive a 1099-DIV.

Q: How can I buy more shares of United Financial Bancorp, Inc. stock?

A: Now that United Financial Bancorp, Inc. has completed its second step conversion, we are no longer selling shares directly to the public. Contact your stockbroker for assistance.

If you directly own shares of United Financial Bancorp, Inc. in certificate form, you can elect to participate in our Dividend Reinvestment and Stock Purchase Plan (DRIP). This program will allow you to reinvest all or a portion of your dividends into new shares of United Financial Bancorp, Inc. stock without incurring brokerage commissions or administrative costs. Contact the Broadridge Corporate Issuer Solutions at (844) 318-0126 to participate in the DRIP.

Q: How can I sell my shares of United Financial Bancorp, Inc. stock?

A: Shares of United Financial Bancorp, Inc. are publically traded on the NASDAQ stock exchange. Contact a stockbroker for assistance with selling your shares.

Q: What is the tax treatment of United Financial Bancorp, Inc.'s special cash dividend, payable 12/10/2012?

A: The special cash dividend payable 12/10/2012 is a qualified dividend. No portion is treated as a return of capital.

Deposit Market Share for Selected Markets
Current Ownership, including Bank, Savings Bank, Thrift Branches
Ownership as of 2/20/2019, Branches and Deposits as of 6/30/2018

STATE: Connecticut
2018 Rank	2017 Rank	Institution (Headquarters)	Type	2018 Number of Branches	2018 Total Deposits in Market ($M)	2018 Total Market Share (%)	2017 Total Deposits in Market ($M)	2017 Total Market Share (%)
1	1	Bank of America Corporation (NC)	Bank	118	32,042.5	23.65	30,375.7	22.82
2	2	People's United Financial Inc. (CT)	Bank	157	19,802.5	14.62	19,336.3	14.53
3	3	Webster Financial Corp. (CT)	Bank	111	18,559.3	13.70	17,714.4	13.31
4	4	Wells Fargo & Co. (CA)	Bank	70	8,349.8	6.16	8,756.7	6.58
5	5	Toronto-Dominion Bank	Bank	63	6,677.8	4.93	6,936.5	5.21
6	7	JPMorgan Chase & Co. (NY)	Bank	49	5,767.3	4.26	5,895.0	4.43
7	6	Citigroup Inc. (NY)	Bank	14	5,605.0	4.14	6,299.0	4.73
8	8	KeyCorp (OH)	Bank	63	4,307.3	3.18	4,220.0	3.17
9	9	United Financial Bancorp (CT)	Bank	37	4,093.3	3.02	3,719.2	2.79
10	10	Liberty Bank (CT)	Savings Bank	55	3,622.0	2.67	3,575.8	2.69
		Total for institutions in market		1,135	135,487.9		133,109.4

MSA: Norwich-New London, CT
2018 Rank	2017 Rank	Institution (Headquarters)	Type	2018 Number of Branches	2018 Total Deposits in Market ($M)	2018 Total Market Share (%)	2017 Total Deposits in Market ($M)	2017 Total Market Share (%)
1	2	Chelsea Groton Bank (CT)	Savings Bank	14	895.1	17.39	857.4	17.07
2	1	Citizens Financial Group Inc. (RI)	Bank	10	872.2	16.95	863.1	17.19
3	4	People's United Financial Inc. (CT)	Bank	11	695.7	13.52	657.9	13.10
4	3	Bank of America Corporation (NC)	Bank	6	692.4	13.45	692.3	13.78
5	5	Dime Bank (CT)	Savings Bank	11	583.8	11.35	570.1	11.35
6	6	Liberty Bank (CT)	Savings Bank	8	499.4	9.70	494.2	9.84
7	7	SI Financial Group Inc. (CT)	Bank	6	253.7	4.93	252.6	5.03
8	8	Eastern Connecticut SB (CT)	Bank	4	132.4	2.57	127.4	2.54
9	9	Jewett City SB (CT)	Savings Bank	2	116.7	2.27	112.2	2.23
10	10	United Financial Bancorp (CT)	Bank	3	86.9	1.69	90.5	1.80
		Total for institutions in market		82	5,146.1		5,022.2

MSA: Hartford-East Hartford-Middletown, CT
2018 Rank	2017 Rank	Institution (Headquarters)	Type	2018 Number of Branches	2018 Total Deposits in Market ($M)	2018 Total Market Share (%)	2017 Total Deposits in Market ($M)	2017 Total Market Share (%)
1	1	Bank of America Corporation (NC)	Bank	40	20,105.0	43.70	18,592.3	42.66
2	2	People's United Financial Inc. (CT)	Bank	50	4,773.7	10.38	4,414.0	10.13
3	3	Webster Financial Corp. (CT)	Bank	44	4,487.0	9.75	4,403.2	10.10
4	4	United Financial Bancorp (CT)	Bank	28	3,707.1	8.06	3,308.7	7.59
5	5	Toronto-Dominion Bank	Bank	23	3,023.0	6.57	2,798.3	6.42
6	6	Liberty Bank (CT)	Savings Bank	28	2,190.9	4.76	2,140.3	4.91
7	7	KeyCorp (OH)	Bank	32	1,897.5	4.12	1,844.9	4.23
8	8	Banco Santander	Bank	22	1,455.7	3.16	1,635.8	3.75
9	9	Citizens Financial Group Inc. (RI)	Bank	12	925.3	2.01	937.9	2.15
10	10	Wells Fargo & Co. (CA)	Bank	8	721.0	1.57	874.7	2.01
		Total for institutions in market		344	46,010.8		43,582.9

COUNTY: Hartford, CT
2018 Rank	2017 Rank	Institution (Headquarters)	Type	2018 Number of Branches	2018 Total Deposits in Market ($M)	2018 Total Market Share (%)	2017 Total Deposits in Market ($M)	2017 Total Market Share (%)
1	1	Bank of America Corporation (NC)	Bank	32	19,179.8	48.72	17,662.7	49.43
2	3	People's United Financial Inc. (CT)	Bank	42	4,262.5	10.83	3,905.2	10.93
3	2	Webster Financial Corp. (CT)	Bank	37	4,093.1	10.40	4,025.5	11.27
4	6	United Financial Bancorp (CT)	Bank	21	3,040.5	7.72	1,384.2	3.87
5	4	Toronto-Dominion Bank	Bank	21	2,821.4	7.17	2,560.6	7.17
6	5	Banco Santander	Bank	22	1,455.7	3.70	1,635.8	4.58
7	7	KeyCorp (OH)	Bank	18	1,076.3	2.73	1,049.3	2.94
8	8	Wells Fargo & Co. (CA)	Bank	6	572.6	1.45	716.7	2.01
9	9	Liberty Bank (CT)	Savings Bank	11	500.9	1.27	467.7	1.31
10	10	SBT Bancorp Inc. (CT)	Bank	6	439.6	1.12	418.4	1.17
		Total for institutions in market		257	39,369.7		35,733.2

COUNTY: Tolland, CT
2018 Rank	2017 Rank	Institution (Headquarters)	Type	2018 Number of Branches	2018 Total Deposits in Market ($M)	2018 Total Market Share (%)	2017 Total Deposits in Market ($M)	2017 Total Market Share (%)
1	1	United Financial Bancorp (CT)	Bank	7	666.6	25.89	1,924.4	49.67
2	2	KeyCorp (OH)	Bank	10	623.2	24.20	602.1	15.54
3	3	Bank of America Corporation (NC)	Bank	2	389.0	15.11	407.6	10.52
4	4	People's United Financial Inc. (CT)	Bank	4	301.7	11.72	305.3	7.88
5	5	SI Financial Group Inc. (CT)	Bank	3	192.3	7.47	187.7	4.84
6	6	Stafford SB (CT)	Savings Bank	3	158.3	6.15	162.6	4.20
7	7	Webster Financial Corp. (CT)	Bank	3	127.6	4.96	120.9	3.12
8	8	Liberty Bank (CT)	Savings Bank	1	92.3	3.59	92.2	2.38
9	10	Berkshire Hills Bancorp Inc. (MA)	Bank	1	23.6	0.91	27.0	0.70
		Total for institutions in market		34	2,574.7		3,874.6

COUNTY: New London, CT
2018 Rank	2017 Rank	Institution (Headquarters)	Type	2018 Number of Branches	2018 Total Deposits in Market ($M)	2018 Total Market Share (%)	2017 Total Deposits in Market ($M)	2017 Total Market Share (%)
1	2	Chelsea Groton Bank (CT)	Savings Bank	14	895.1	17.39	857.4	17.07
2	1	Citizens Financial Group Inc. (RI)	Bank	10	872.2	16.95	863.1	17.19
3	4	People's United Financial Inc. (CT)	Bank	11	695.7	13.52	657.9	13.10
4	3	Bank of America Corporation (NC)	Bank	6	692.4	13.45	692.3	13.78
5	5	Dime Bank (CT)	Savings Bank	11	583.8	11.35	570.1	11.35
6	6	Liberty Bank (CT)	Savings Bank	8	499.4	9.70	494.2	9.84
7	7	SI Financial Group Inc. (CT)	Bank	6	253.7	4.93	252.6	5.03
8	8	Eastern Connecticut SB (CT)	Bank	4	132.4	2.57	127.4	2.54
9	9	Jewett City SB (CT)	Savings Bank	2	116.7	2.27	112.2	2.23
10	10	United Financial Bancorp (CT)	Bank	3	86.9	1.69	90.5	1.80
		Total for institutions in market		82	5,146.1		5,022.2

CITY: Ellington, CT
2018 Rank	2017 Rank	Institution (Headquarters)	Type	2018 Number of Branches	2018 Total Deposits in Market ($M)	2018 Total Market Share (%)	2017 Total Deposits in Market ($M)	2017 Total Market Share (%)
1	1	United Financial Bancorp (CT)	Bank	1	122.6	68.82	122.0	68.54
2	2	KeyCorp (OH)	Bank	1	55.5	31.18	56.0	31.46
		Total for institutions in market		2	178.1		178.1