secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000102212-24-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Univest Q3 net income $18.6M ($0.63 EPS), up 9% YoY; loan growth 2.8% annualized
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- Q3 2024 net income $18.6M, diluted EPS $0.63 vs $0.58 a year ago; net interest income $53.2M, down 0.7% YoY but up 4.3% linked quarter.
- Loans grew $45.9M (0.7%) from Q2; total deposits up $358.8M (5.5%) driven by seasonal public funds. Noninterest-bearing deposits 19.3% of total.
- Noninterest income $20.2M (+7.8% YoY) on higher investment advisory and insurance fees; expenses down 0.9% to $48.6M.
- Nonperforming assets flat at $36.6M; provision for credit losses $1.4M vs $2.0M last year. Allowance 1.28% of loans.
- Declared $0.21/share dividend (payable Nov 20); repurchased 156,728 shares; board authorized additional 1M shares for repurchase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000010221224000055/0000102212-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000010221224000055/uvsp-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000102212-24-000055

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