Univest reports 2021 net income $91.8M ($3.11) vs $46.9M; loan growth 9.4% ex-PPP; names COO

UNIVEST FINANCIAL Corp

2021-FY EPS reported $3.11

Net income for 2021: $91.8M ($3.11 diluted EPS) vs $46.9M ($1.60) in 2020.
Q4 2021 net income $17.4M ($0.59) vs $25.9M ($0.88) in Q4 2020.
Pre-tax pre-provision income for 2021 was $104.2M, up 6.7% from prior year.
Loan growth (excl PPP) of 9.4% for last twelve months; acquired Paul I. Sheaffer Insurance Agency on Dec 1, 2021.
Appointed Michael S. Keim as COO; Chief Credit Officer Duane J. Brobst retiring effective April 15, 2022.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Duane J. Brobst

Senior Executive Vice President and Chief Credit Officer

UVSP · UNIVEST FINANCIAL Corp

Effective: 2022-04-15
Filed: January 27, 2022, 6:59 PM ET

On January 24, 2022, Duane J. Brobst, Senior Executive Vice President and Chief Credit Officer of the Corporation and the Bank announced his retirement, effective April 15, 2022.

Appointed

Michael S. Keim

Chief Operating Officer

UVSP · UNIVEST FINANCIAL Corp

Effective: 2022-01-26
Filed: January 27, 2022, 6:59 PM ET

On January 26, 2022, the Board of Directors of the Corporation appointed Michael S. Keim as Chief Operating Officer of the Corporation.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Duane J. Brobst retired as Senior Executive Vice President and Chief Credit Officer at UNIVEST FINANCIAL Corp.

Action: retired
Role: Senior Executive Vice President and Chief Credit Officer

Exact text from the filing

On January 24, 2022, Duane J. Brobst, Senior Executive Vice President and Chief Credit Officer of the Corporation and the Bank announced his retirement, effective April 15, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael S. Keim was appointed as Chief Operating Officer at UNIVEST FINANCIAL Corp.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On January 26, 2022, the Board of Directors of the Corporation appointed Michael S. Keim as Chief Operating Officer of the Corporation.

View on SEC.gov

UNIVEST FINANCIAL Corp filing history →

Source: SEC EDGAR

accession 0000102212-22-000002

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