Univest Q1 net income $21.0M ($0.71 EPS), up from $20.3M ($0.68) YoY

UNIVEST FINANCIAL Corp

2023-Q1 EPS reported $0.71

Net income $21.0M ($0.71 diluted EPS) vs $20.3M ($0.68) in Q1 2022.
Gross loans +$116.6M (1.9%) from Dec 2022; total deposits -$78.9M (1.3%).
Net interest margin (tax-equiv) 3.58%, up from 2.89% YoY, down from 3.76% Q4 2022.
Noninterest expense $49.5M (+9.1% YoY); provision for credit losses $3.4M vs reversal of $3.5M.
Declared $0.21 quarterly dividend, payable May 24, 2023, record May 10.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNIVEST FINANCIAL Corp reported the quarter ended March 31, 2023 results: net income $21.0 million, EPS $0.71 diluted earnings per share.

Period: the quarter ended March 31, 2023
Net income: $21.0 million
EPS: $0.71 diluted earnings per share
Result: reported results

Exact text from the filing

Univest Financial Corporation (“Univest” or the "Corporation") ( NASDAQ: UVSP ), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended March 31, 2023 was $21.0 million, or $0.71 diluted earnings per share, compared to net income of $20.3 million, or $0.68 diluted earnings per share, for the quarter ended March 31, 2022.

View on SEC.gov

Browse all earnings releases →

UNIVEST FINANCIAL Corp filing history →

Source: SEC EDGAR

accession 0000102212-23-000032

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.