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Mar 31, 2023
Univest Q1 2023 Earnings Report
Reported net income of $21.0 million, or $0.71 diluted earnings per share, for the quarter ended March 31, 2023.
Key Takeaways
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.
Net income for the quarter ended March 31, 2023 was $21.0 million, or $0.71 diluted earnings per share.
Gross loans and leases increased $116.6 million, or 1.9%, from December 31, 2022.
Total deposits decreased $78.9 million, or 1.3%, from December 31, 2022.
Net interest income of $59.3 million for the first quarter of 2023 increased $12.7 million, or 27.1%, from the first quarter of 2022.