secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000102212-23-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000010221223000058/0000102212-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000010221223000058/uvsp-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000102212-23-000058

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