ROCKVILLE, Conn., July 25, 2013 (GLOBE NEWSWIRE) -- Rockville Financial, Inc. ("Rockville Financial" or the "Company") (Nasdaq:RCKB), the holding company for Rockville Bank (the "Bank"), today announced net income of $3.3 million, or $0.12 per diluted share, for the quarter ended June 30, 2013, compared to net income of $2.9 million, or $0.11 per diluted share, for the quarter ended June 30, 2012. Core operating earnings for the second quarter of 2013 were $4.1 million (Non-GAAP), or $0.15 per diluted share, adjusted for expense reduction actions the Company completed during the second quarter that will improve the Company's non-interest expense run rate by $1.5 million annually. The adjustments to GAAP earnings for the quarter ended June 30, 2013 are comprised of expenses of $809,000 (pre-tax) for the impact of a branch lease termination agreement and $561,000 (pre-tax) for termination expense related to position eliminations, as well as income of $329,000 (pre-tax) for securities gains.
Rockville Financial, Inc. Announces Second Quarter Earnings And EPS Up 9% From Prior Year
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