UNION CITY, N.J, -- Hubco Inc. reported an 18% earnings increase to $3.9 million for the second quarter, a record for the $1.4 billion-asset bank.
The bank earned $3.5 million in the second quarter of 1993. It was the 15th consecutive-quarter of earnings increases for Hubco and follows the writeoff of $652,000 due to the collapse of a merger agreement with. Jersey City-based Statewide Savings Bank. For the first six months of the year, Hubco earned $7.7 million, up 22% from $6.7 million for the first half of 1993.