secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000102212-23-000032
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000010221223000032/0000102212-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000010221223000032/uvsp-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000102212-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer