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 (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.
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.
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