secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000102212-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000010221224000004/0000102212-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000010221224000004/uvsp-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000102212-24-000004

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