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Jun 30, 2023
Univest Q2 2023 Earnings Report
Univest reported net income with an increase in gross loans and leases and total deposits.
Key Takeaways
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.
Net income for the quarter ended June 30, 2023, was $16.8 million, or $0.57 diluted earnings per share.
Gross loans and leases increased $222.4 million, or 3.6%, from March 31, 2023.
Total deposits increased $152.7 million, or 2.6%, from March 31, 2023.
Net interest income for the three months ended June 30, 2023 increased $2.9 million, or 5.6%, from the three months ended June 30, 2022.
Univest
Univest
Forward Guidance
The company did not provide forward guidance in the earnings report.