Univest Earnings Reports

Univest Financial Corporation announced a net income of $20.0 million for the second quarter of 2025, an increase from $18.1 million in the same period last year. Diluted earnings per share rose to $0.69 from $0.62. The company experienced growth in net interest income due to higher loan balances and yields, alongside a reduction in funding costs. Noninterest income also saw an increase, primarily driven by gains on SBA loan sales and higher service charges on deposit accounts.

Univest Financial Corporation announced net income of $22.4 million, or $0.77 diluted earnings per share, for the quarter ended March 31, 2025, up from $20.3 million, or $0.69 diluted earnings per share, for the same period in 2024. The company also increased its quarterly cash dividend by 4.8% to $0.22 per share.

Univest Financial Corporation reported a net income of $18.9 million, or $0.65 diluted earnings per share, for the quarter ended December 31, 2024, compared to a net income of $16.3 million, or $0.55 diluted earnings per share, for the quarter ended December 31, 2023.

Univest Financial Corporation reported a net income of $18.6 million, or $0.63 diluted earnings per share, for the quarter ended September 30, 2024, compared to a net income of $17.0 million, or $0.58 diluted earnings per share, for the quarter ended September 30, 2023. Gross loans and leases increased $45.9 million, or 0.7% from June 30, 2024.

Univest Financial Corporation reported a net income of $18.1 million, or $0.62 diluted earnings per share, for the quarter ended June 30, 2024, compared to a net income of $16.8 million, or $0.57 diluted earnings per share, for the quarter ended June 30, 2023.

Univest Financial Corporation reported a net income of $20.3 million, or $0.69 diluted earnings per share, for the quarter ended March 31, 2024. This is slightly lower compared to the net income of $21.0 million, or $0.71 diluted earnings per share, for the same quarter in the previous year. The results included a $3.4 million net gain from the sale of mortgage servicing rights.

Univest Financial Corporation reported a net income of $16.3 million, or $0.55 diluted earnings per share, for the quarter ended December 31, 2023. This represents a decrease compared to the net income of $23.8 million, or $0.81 diluted earnings per share, for the quarter ended December 31, 2022.

Univest Financial Corporation reported net income of $17.0 million, or $0.58 diluted earnings per share, for the quarter ended September 30, 2023, compared to net income of $20.8 million, or $0.71 diluted earnings per share, for the quarter ended September 30, 2022.

Univest Financial Corporation reported a strong second quarter with net income of $16.8 million, or $0.57 diluted earnings per share. Gross loans and leases increased by $222.4 million, and total deposits increased by $152.7 million.

Univest Financial Corporation reported a net income of $21.0 million, or $0.71 diluted earnings per share, for the quarter ended March 31, 2023. Gross loans and leases increased by $116.6 million from December 31, 2022, and total deposits decreased by $78.9 million from December 31, 2022.

Univest Financial Corporation reported a net income of $23.8 million, or $0.81 diluted earnings per share, for the quarter ended December 31, 2022, compared to $17.4 million, or $0.59 diluted earnings per share, for the quarter ended December 31, 2021. The results included bank owned life insurance death benefit claims of $526 thousand and restructuring charges of $184 thousand related to the consolidation of two financial centers. Gross loans and leases, excluding Paycheck Protection Program loans, increased $274.0 million, or 18.8% (annualized), from September 30, 2022.

Univest Financial Corporation reported net income of $20.8 million, or $0.71 diluted earnings per share, for the quarter ended September 30, 2022, compared to net income of $20.9 million, or $0.71 diluted earnings per share, for the quarter ended September 30, 2021. Gross loans and leases, excluding Paycheck Protection Program loans, increased $190.6 million, or 13.5% (annualized), from June 30, 2022. Total deposits increased $223.9 million, or 16.1% (annualized), from June 30, 2022.

Univest Financial Corporation reported a decrease in net income for the quarter ended June 30, 2022, with net income at $13.2 million, or $0.45 diluted earnings per share, compared to $20.9 million, or $0.71 diluted earnings per share, for the quarter ended June 30, 2021. Loan growth was strong at 19.6% annualized, excluding PPP loans. Net interest income increased, while noninterest income decreased. Noninterest expense also increased, driven by investments in revenue-producing staff and digital transformation initiatives.

Univest Financial Corporation reported a net income of $20.3 million, or $0.68 diluted earnings per share, for the quarter ended March 31, 2022. This compares to a net income of $32.6 million, or $1.11 diluted earnings per share, for the quarter ended March 31, 2021. The corporation announced expansion into two new markets and continued development of a comprehensive digital platform.

Univest Financial Corporation reported a decrease in net income for the fourth quarter of 2021, with $17.4 million, or $0.59 diluted earnings per share, compared to $25.9 million, or $0.88 diluted earnings per share, for the fourth quarter of 2020. However, gross loans and leases, excluding PPP loans, increased by 9.4% from December 31, 2020. Total deposits also increased by 15.5% from December 31, 2020.

Univest Financial Corporation reported a substantial increase in net income for the quarter ended June 30, 2021, reaching $20.9 million, or $0.71 diluted earnings per share, compared to $2.1 million, or $0.07 diluted earnings per share, for the same quarter in 2020. The corporation experienced strong loan growth, excluding PPP loans, with a 14.0% increase over the last twelve months. Pre-tax pre-provision income also saw a slight increase of 0.6% compared to the second quarter of 2020.

Univest Financial Corporation reported a strong first quarter with net income of $32.6 million, a substantial increase from the $838 thousand reported in the first quarter of 2020. Diluted earnings per share rose to $1.11, significantly up from $0.03 in the prior year. The corporation benefited from PPP loan income, increased noninterest income, and a reversal of provision for credit losses.

Univest Financial Corporation reported a strong fourth quarter with net income of $25.9 million, or $0.88 diluted earnings per share. The results were driven by an $8.7 million reversal of provision for credit losses and a $4.0 million increase in noninterest income.

Univest Financial Corporation reported a net income of $18.1 million, or $0.62 diluted earnings per share, for the quarter ended September 30, 2020, compared to $17.7 million, or $0.60 diluted earnings per share, for the quarter ended September 30, 2019. Pre-tax pre-provision income increased by 18.1% from the third quarter of 2019.

Univest Financial Corporation reported a decrease in net income for the quarter ended June 30, 2020, with $2.1 million, or $0.07 diluted earnings per share, compared to the previous year's $16.5 million, or $0.56 diluted earnings per share.

Univest Financial Corporation reported net income of $838 thousand, or $0.03 diluted earnings per share, for the quarter ended March 31, 2020. The results were impacted by CECL related charges and expenses related to COVID-19.

Univest Financial Corporation reported net income for the quarter ended December 31, 2019 of $15.5 million, or $0.53 diluted earnings per share, compared to net income of $18.4 million, or $0.63 diluted earnings per share, for the quarter ended December 31, 2018. Gross loans and leases increased $380.3 million, or 9.5%, from December 31, 2018 and $134.9 million, or 12.7% (annualized), from September 30, 2019 primarily due to growth in commercial real estate and residential real estate loans. Total deposits increased $468.8 million, or 12.1%, from December 31, 2018.