Welcome to our dedicated page for Univest Financial news (Ticker: UVSP), a resource for investors and traders seeking the latest updates and insights on Univest Financial stock.
Univest Financial Corp (UVSP) provides comprehensive banking, wealth management, and insurance solutions through its Pennsylvania-based operations. This news hub offers investors and stakeholders centralized access to official updates and financial developments from the 150-year-old institution.
Find timely updates on earnings reports, leadership changes, and community initiatives alongside analysis of strategic moves in regional banking sector. Our curated collection ensures you never miss critical information about UVSP's financial services expansion, risk management practices, or nonprofit partnerships.
Key content includes quarterly financial disclosures, merger & acquisition announcements, dividend declarations, and regulatory filings. Bookmark this page for direct access to primary sources about UVSP's operations in consumer banking, trust services, and commercial insurance markets.
Univest Financial (Nasdaq: UVSP), the parent company of Univest Bank and Trust Co., has announced its upcoming third quarter 2024 earnings call. The call is scheduled for Thursday, October 24, 2024, at 9:00 a.m., with earnings set to be released after market close on Wednesday, October 23, 2024. Participants can pre-register for the call to avoid delays.
Key details for the earnings call include:
- Dial-in number: 1-833-470-1428
- Access Code: 752766
- Replay available until December 24, 2024
Univest Financial , founded in 1876, has approximately $7.9 billion in assets and $5.0 billion in assets under management as of June 30, 2024. The company provides financial solutions through a network of over 50 offices in the Mid-Atlantic Region.
Univest Financial (NASDAQ: UVSP) reported net income of $18.1 million, or $0.62 diluted earnings per share, for Q2 2024, compared to $16.8 million, or $0.57 per share, in Q2 2023. Excluding one-time items, diluted EPS was $0.61 for both quarters. Key highlights:
- Gross loans increased by 1.6% from Q1 2024
- Total deposits rose by 1.4% from Q1 2024
- Net interest income decreased by 6.1% year-over-year
- Net interest margin was 2.84%, down from 3.14% in Q2 2023
- Noninterest income increased by 5.8% year-over-year
- Noninterest expense decreased by 2.2% year-over-year
- The allowance for credit losses on loans remained stable at 1.28%
Univest declared a quarterly cash dividend of $0.21 per share and repurchased 190,808 shares during Q2 2024.
Univest Financial (UVSP), the parent company of Univest Bank and Trust Co., announced it will hold a conference call to discuss its Q2 2024 earnings on July 25, 2024, at 9:00 a.m. The earnings report will be released after market close on July 24, 2024. Univest has assets totaling $7.7 billion and $5.0 billion under management as of March 31, 2024.
Headquartered in Souderton, Pa., Univest offers a range of financial services in the Mid-Atlantic Region through more than 50 offices and online. Participants can pre-register for the earnings call to avoid delays.
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