---
schema_version: "secwatch.filing_event.v1"
accession: "0000102212-24-000004"
form_type: "8-K"
ticker: "UVSP"
cik: "0000102212"
company_name: "UNIVEST FINANCIAL Corp"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T17:16:59.750730+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Univest Q4 2023 EPS $0.55 vs $0.81 YoY; net income down 31.5% to $16.3M

## Summary
- Net income $16.3M ($0.55 diluted EPS) vs $23.8M ($0.81) in Q4 2022, down 31.5%.
- Net interest margin (tax-equivalent) fell to 2.84% from 3.76% YoY, pressured by higher deposit costs.
- Loans grew 7.3% YoY to $6.5B; deposits up 7.8% to $6.4B; NIM compression continues.
- Noninterest income $18.6M (-9.0% YoY) due to lower investment advisory fees and BOLI death benefit comparison.
- Declared quarterly dividend $0.21/share, payable Feb 21, 2024 to holders of record Feb 7, 2024 (unchanged).

## SEC filing metadata
- accession: 0000102212-24-000004
- form_type: 8-K
- ticker: UVSP
- cik: 0000102212
- company_name: UNIVEST FINANCIAL Corp
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102212/000010221224000004/0000102212-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102212/000010221224000004/uvsp-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102212-24-000004
- JSON: https://secwatch.observer/filing/0000102212-24-000004.json
- Plain text: https://secwatch.observer/filing/0000102212-24-000004.txt

## Key facts
- Earnings Releases
  UNIVEST FINANCIAL Corp reported the quarter ended December 31, 2023 results: net income $16.3 million, EPS $0.55 diluted earnings per share.
  - Period: the quarter ended December 31, 2023
  - Net income: $16.3 million
  - EPS: $0.55 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 December 31, 2023 was $16.3 million, or $0.55 diluted earnings per share, compared to net income of $23.8 million, or $0.81 diluted earnings per share, for the quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102212/000010221224000004/0000102212-24-000004-index.htm

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