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Sep 30, 2022
Univest Q3 2022 Earnings Report
Net income remained consistent with the prior year, while loans and leases increased.
Key Takeaways
Univest Financial Corporation reported net income of $20.8 million, or $0.71 diluted earnings per share, for the quarter ended September 30, 2022, compared to net income of $20.9 million, or $0.71 diluted earnings per share, for the quarter ended September 30, 2021. Gross loans and leases, excluding Paycheck Protection Program loans, increased $190.6 million, or 13.5% (annualized), from June 30, 2022. Total deposits increased $223.9 million, or 16.1% (annualized), from June 30, 2022.
Net income for the quarter ended September 30, 2022 was $20.8 million, or $0.71 diluted earnings per share.
Gross loans and leases, excluding Paycheck Protection Program loans, increased $190.6 million, or 13.5% (annualized), from June 30, 2022.
Total deposits increased $223.9 million, or 16.1% (annualized), from June 30, 2022.
Net interest income of $58.3 million increased $9.6 million, or 19.6%, from the three months ended September 30, 2021.
Forward Guidance
This press release and the reports Univest files with the Securities and Exchange Commission often contain "forward-looking statements" relating to trends or factors affecting the financial services industry and, specifically, the financial condition and results of operations, business and strategies of Univest.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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