Univest Q3 net income $17.0M ($0.58 EPS), down 18% YoY; margin shrinks to 2.96%

UNIVEST FINANCIAL Corp

2023-Q3 EPS reported $1.86

Net income $17.0M ($0.58 diluted EPS) vs $20.8M ($0.71) in Q3 2022, down ~18%.
Net interest margin (tax-equivalent) 2.96%, down from 3.14% prior quarter and 3.67% a year ago.
Loans and leases grew $112.7M (1.7%) from June 30; total deposits up $451.8M (7.5%).
Nonperforming assets $40.1M at Sept 30, up from $34.5M at June 30 and $33.0M a year ago.
Board appointed Anne Vazquez as Alternate Director effective Dec 1, 2023; dividend maintained at $0.21/share.

item 2.02 item 5.02 item 9.01

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Appointed

Anne Vazquez

Alternate Director

UVSP · UNIVEST FINANCIAL Corp

Effective: 2023-12-01
Filed: October 26, 2023, 7:59 PM ET

On October 25, 2023, the Board of Directors of the Corporation appointed Anne Vazquez to serve as an Alternate Director of the Corporation, effective December 1, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Anne Vazquez was appointed as Alternate Director at UNIVEST FINANCIAL Corp.

Action: appointed
Role: Alternate Director

Exact text from the filing

On October 25, 2023, the Board of Directors of the Corporation appointed Anne Vazquez to serve as an Alternate Director of the Corporation, effective December 1, 2023

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UNIVEST FINANCIAL Corp filing history →

Source: SEC EDGAR

accession 0000102212-23-000058

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