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 Corporation reports developments for a regional financial holding company centered on Univest Bank and Trust Co. and related insurance, investment and equipment finance subsidiaries. Its business includes deposit taking, loan origination and servicing, mortgage banking, equipment lease financing, wealth management, investment advisory, trust and brokerage services, and insurance brokerage for commercial and personal lines.
Recurring UVSP news focuses on quarterly earnings, dividend actions, banking revenue drivers, service charges, mortgage servicing rights, investment advisory commission and fee income, and capital actions such as subordinated debt offerings. Company updates also cover earnings-call scheduling, facility optimization, bank-owned life insurance items, and subsidiary activity across banking, wealth management, insurance and equipment finance.
Univest Financial (NASDAQ: UVSP) reported Q1 2025 net income of $22.4 million, or $0.77 diluted earnings per share, up from $20.3 million ($0.69 per share) in Q1 2024. The company announced a 4.8% dividend increase to $0.22 per share.
Key financial highlights include:
- Net interest income increased 10.3% year-over-year to $56.8 million
- Net interest margin improved to 3.09% from 2.88% in Q1 2024
- Gross loans increased 3.9% year-over-year to $254.0 million
- Total deposits grew 4.0% year-over-year to $253.1 million
The quarter included $1.0 million in tax-free bank owned life insurance death benefits. Nonperforming assets were $34.0 million, and the allowance for credit losses remained stable at 1.28% of loans.
Univest Financial (UVSP) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Thursday, April 24, 2025, at 9:00 a.m. The earnings release will be issued after market close on Wednesday, April 23, 2025.
The company, headquartered in Souderton, Pa., manages approximately $8.1 billion in assets and $5.2 billion in assets under management through its Wealth Management business lines as of December 31, 2024. Founded in 1876, Univest operates through a network of more than 50 offices, providing financial solutions for individuals, businesses, municipalities, and nonprofit organizations in the Mid-Atlantic Region.
Univest Financial (NASDAQ: UVSP) reported strong Q4 2024 results with net income of $18.9 million, or $0.65 diluted earnings per share, marking an 18.2% increase from Q4 2023's $0.55 per share. Gross loans and leases grew by $259.4 million (3.9%) year-over-year, while total deposits increased by $383.5 million (6.0%).
The company's net interest income reached $55.5 million, up 5.1% from Q4 2023, with net interest margin at 2.88%. Noninterest income rose 14.6% to $21.3 million, driven by increased investment advisory fees and mortgage banking activities. The maintained strong liquidity with $328.8 million in cash and $2.1 billion in available borrowing capacity.
Asset quality improved with nonperforming assets decreasing to $33.2 million. The company declared a quarterly dividend of $0.21 per share and continued its share repurchase program, buying back 139,492 shares at an average price of $29.64 during Q4 2024.
Univest Financial (UVSP) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Thursday, January 23, 2025, at 9:00 a.m. The earnings release will be issued after market close on Wednesday, January 22, 2025.
The company, headquartered in Souderton, Pa., manages approximately $8.2 billion in assets and $5.3 billion in assets under management through its Wealth Management division as of September 30, 2024. Operating through more than 50 offices, Univest provides financial solutions for individuals, businesses, municipalities, and nonprofit organizations in the Mid-Atlantic Region.
Participants can pre-register for the call through a provided link, or dial in directly. A replay of the call will be available until March 20, 2025.
Univest Financial (NASDAQ: UVSP) reported net income of $18.6 million, or $0.63 diluted earnings per share, for Q3 2024, compared to $17.0 million, or $0.58 per share, in Q3 2023. Gross loans increased by $45.9 million (2.8% annualized) from Q2 2024, while total deposits grew by $358.8 million (22.0% annualized). Net interest income was $53.2 million, down 0.7% year-over-year but up 4.3% quarter-over-quarter. The net interest margin was 2.82%. Noninterest income increased by 7.8% to $20.2 million, while noninterest expense decreased by 0.9% to $48.6 million.
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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