secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0000102212-21-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Univest Q2 net income $20.9M ($0.71 EPS) vs $2.1M a year ago; loan growth ex-PPP 14% YoY
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- Net income of $20.9M ($0.71 diluted EPS) for Q2 2021, up from $2.1M ($0.07) in Q2 2020, aided by $4.8M PPP loan income and $893K BOLI death benefit.
- Reversal of provision for credit losses of $59K vs $23.7M provision in Q2 2020 due to favorable CECL assumption changes.
- Gross loans and leases excluding PPP grew 14.0% YoY (15.4% annualized QoQ); total deposits up 9.2% YoY.
- Declared quarterly cash dividend of $0.20 per share, payable Aug 25 to holders of record Aug 11.
- Director K. Leon Moyer retires Aug 1; Joseph P. Beebe appointed Class III director effective same date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000010221221000027/0000102212-21-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000010221221000027/uvsp-20210728.htm
  HTML page:      https://secwatch.observer/filing/0000102212-21-000027

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