secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000102212-24-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000010221224000033/0000102212-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000010221224000033/uvsp-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000102212-24-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer