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Jun 30, 2024
Univest Q2 2024 Earnings Report
Net income reported for the quarter ended June 30, 2024.
Key Takeaways
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.
Gross loans and leases increased by $105.8 million, or 1.6%, from March 31, 2024.
Total deposits increased by $90.0 million, or 1.4%, from March 31, 2024.
Net interest income for the second quarter of 2024 decreased by $3.3 million, or 6.1%, from the second quarter of 2023.
Noninterest income for the quarter ended June 30, 2024, increased by $1.1 million, or 5.8%, from the comparable period in the prior year.
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
Univest will host a conference call to discuss second quarter 2024 results on Thursday, July 25, 2024, at 9:00 a.m. EST.