---
schema_version: "secwatch.filing_event.v1"
accession: "0000102212-23-000046"
form_type: "8-K"
ticker: "UVSP"
cik: "0000102212"
company_name: "UNIVEST FINANCIAL Corp"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:33:01.073482+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Univest Q2 EPS $0.57 (+27% YoY); net interest margin 3.14%; restructuring to save $5.4M

## Summary
- Net income $16.8M ($0.57 diluted EPS) vs $13.2M ($0.45) in Q2 2022, up 26.7%.
- Net interest margin fell to 3.14% from 3.58% in Q1 2023; net interest income $54.3M.
- Loans grew $222.4M (3.6%) from March 31; deposits up $152.7M, led by brokered deposits.
- Restructuring charge of $1.3M for branch optimization; expected annual cost savings $5.4M.
- Quarterly dividend $0.21/share declared; Martin P. Connor appointed as Class III director.

## SEC filing metadata
- accession: 0000102212-23-000046
- form_type: 8-K
- ticker: UVSP
- cik: 0000102212
- company_name: UNIVEST FINANCIAL Corp
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102212/000010221223000046/0000102212-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102212/000010221223000046/uvsp-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102212-23-000046
- JSON: https://secwatch.observer/filing/0000102212-23-000046.json
- Plain text: https://secwatch.observer/filing/0000102212-23-000046.txt

## Key facts
- Earnings Releases
  UNIVEST FINANCIAL Corp reported the quarter ended June 30, 2023 results: net income $16.8 million, EPS $0.57 diluted earnings per share.
  - Period: the quarter ended June 30, 2023
  - Net income: $16.8 million
  - EPS: $0.57 diluted earnings per share
  - Result: reported results
  source text: 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 June 30, 2023 was $16.8 million, or $0.57 diluted earnings per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/102212/000010221223000046/0000102212-23-000046-index.htm
- Executive change
  Martin P. Connor was appointed as Class III director at UNIVEST FINANCIAL Corp.
  - Action: appointed
  - Role: Class III director
  source text: On July 26, 2023, the Board of Directors of the Corporation appointed Martin P. Connor, who is presently serving as an Alternate Director of the Corporation, as a Class III director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102212/000010221223000046/0000102212-23-000046-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.