Hampden Bancorp, Inc. (the “Company”) (NASDAQ: HBNK), which is the holding company for Hampden Bank (the “Bank”), announced the results of operations for the three and nine months ended March 31, 2014. Core net income increased by $1.1 million, or 49%, to $3.5 million for the nine months ended March 31, 2014, or fully diluted core earnings per share (“EPS”) of $0.65 as compared to $2.4 million, or fully diluted core EPS of $0.42, for the same period in 2013. For the nine months ended March 31, 2014, net income increased to $3.2 million, or fully diluted EPS of $0.60, as compared to $2.4 million, or fully diluted EPS of $0.42, for the same period in 2013. Core income excludes net non-core (non-recurring) charges in the nine months ended March 31, 2014 related to a proxy contest and does not constitute a financial measure under United States Generally Accepted Accounting Principles (“U.S. GAAP”) 1. This core net income, net income and EPS represents the largest nine month core net income, net income and EPS performance by Hampden Bancorp, Inc. since its inception. At the Company’s 2013 Annual Shareholders’ Meeting that took place on November 5, 2013, Hampden Bancorp, Inc.’s stockholders elected the Company’s director nominees and voted against a stockholder’s proposal. The expenses associated with this proxy contest totaled $410,000 for the nine months ended March 31, 2014 and are included in non-interest expense under U.S. GAAP. There were no non-core charges during the nine months ended March 31, 2013. Net income increased $196,000, or 23.8%, to $1.0 million for the three months ended March 31, 2014, or $0.19 per fully diluted share as compared to $825,000, or $0.15 per fully diluted share, for the same period in 2013. Overview Glenn S. Welch, President and CEO stated, "We are pleased to deliver record basic earnings per share with an increase of 27% over the comparable quarter last year. Year to date earnings per share have increased 42% over the same nine month period in our 2013 fiscal year. Core earnings per share increased 53% for the same nine month period. The Company’s emphasis on commercial lending continues to pay dividends by providing strong loan and deposit growth. Despite the cost of our proxy contest, we have controlled expenses well as demonstrated by the 3.7% decrease in non-interest expense quarter over quarter and 5.6% year to date. The Company has and is negotiating with all major vendors to control costs. We continue to hold the line on increasing staff in an effort to remain efficient.