Univest Q1 net income falls 3.3% YoY to $20.3M; EPS $0.69 vs $0.71

UNIVEST FINANCIAL Corp

2024-Q1 EPS reported $0.69 revenue$77,062,000

Net income $20.3M ($0.69 diluted EPS) vs $21.0M ($0.71) in Q1 2023.
Net interest income $51.5M, down 13.2% YoY; NIM 2.88% vs 3.58% a year ago.
Noninterest income $25.6M, up 30.1% YoY, boosted by $3.4M net gain on sale of mortgage servicing rights.
Loans grew 0.2% from Dec 2023, 5.4% YoY; deposits up 0.5% and 9.8% respectively.
Declared $0.21 quarterly dividend; repurchased 315,507 shares at avg $20.25.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNIVEST FINANCIAL Corp reported the quarter ended March 31, 2024 results: net income $20.3 million, EPS $0.69 diluted earnings per share.

Period: the quarter ended March 31, 2024
Net income: $20.3 million
EPS: $0.69 diluted earnings per share
Result: reported results

Exact text from the filing

announced net income for the quarter ended March 31, 2024 was $20.3 million, or $0.69 diluted earnings per share

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Source: SEC EDGAR

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