earnings
confidence high
sentiment positive
materiality 0.70
Univest Q4 2024 EPS up 18% to $0.65; NIM expands to 2.88% on tax-equivalent basis
UNIVEST FINANCIAL Corp
2024-FY EPS reported
$2.58
revenue$299,225,000
- Net income $18.9M ($0.65 EPS) vs $16.3M ($0.55 EPS) in Q4 2023, up 18.2%.
- Net interest income $55.5M (+5.1% YoY); NIM (tax-equivalent) 2.88% vs 2.84% YoY.
- Nonperforming assets fell to $33.2M from $40.1M YoY; provision for credit losses $2.4M.
- Loans grew $259.4M (3.9%) YoY; deposits up $383.5M (6.0%) YoY.
- Quarterly dividend $0.21/share declared; repurchased 139,492 shares in Q4 at avg $29.97.