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Mar 31, 2024
Univest Q1 2024 Earnings Report
Univest reported net income of $20.3 million for the first quarter of 2024.
Key Takeaways
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.
Net income for Q1 2024 was $20.3 million, or $0.69 diluted earnings per share.
Gross loans and leases increased by $11.9 million from December 31, 2023.
Total deposits increased by $29.6 million from December 31, 2023.
Net interest income decreased by $7.9 million compared to Q1 2023.
Univest
Univest
Univest Revenue by Segment
Revenue by Segment
Trust Fee Income Revenue
CapyFin.comService Charges on Deposit Accounts Revenue
CapyFin.comInvestment Advisory Commission and Fee Income Revenue
CapyFin.comInsurance Commission and Fee Income Revenue
CapyFin.comOther Service Fee Income Revenue
CapyFin.comBank Owned Life Insurance Income Revenue
CapyFin.comNet Gain on Mortgage Banking Activities Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
I am sorry, but I cannot provide information on forward guidance as it was not mentioned in the document.