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.
Net income increased by 10.3% to $22.4 million in Q1 2025 compared to Q1 2024.
Diluted earnings per share rose to $0.77, up from $0.69 in the prior year's quarter.
The quarterly cash dividend was increased by 4.8% to $0.22 per share.
Net interest income grew by 10.3% to $56.8 million, driven by higher loan balances and increased yields.
The report does not contain explicit forward-looking guidance in terms of specific financial targets or outlook for future quarters. However, it does discuss factors that could influence future performance.
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