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 Corporation (UVSP) reported a net income of $21.0 million, or $0.71 diluted earnings per share for Q1 2023, reflecting a year-over-year growth from $20.3 million or $0.68 EPS in Q1 2022. Gross loans increased by $116.6 million, or 1.9% from Q4 2022, and $839.0 million, or 15.5% from Q1 2022. However, total deposits fell by $78.9 million (1.3%) from Q4 2022 and $213.3 million (3.5%) year-over-year. Net interest income rose 27.1% year-over-year to $59.3 million, while net interest margin decreased to 3.58% from 3.76% in the previous quarter. Noninterest income declined by 3.9% to $19.7 million, affected by lower mortgage banking gains. A quarterly cash dividend of $0.21 per share was declared.
Univest Financial Corporation (UVSP) announced a conference call to discuss its first quarter 2023 earnings on April 27, 2023, at 9:00 a.m. EST. Earnings will be released post-market close on April 26, 2023. The company encourages participants to pre-register for the call via a provided link to avoid delays. For those unable to pre-register, a dial-in number is available, along with an access code. Univest Financial Corporation boasts approximately $7.2 billion in assets and $4.2 billion under management as of December 31, 2022, serving individuals and businesses primarily in the Mid-Atlantic region through over 50 offices and online services. The call will also be available for replay until May 27, 2023.
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