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Dec 31, 2021
Univest Q4 2021 Earnings Report
Net income decreased compared to the same quarter last year, while loan growth continued.
Key Takeaways
Univest Financial Corporation reported a decrease in net income for the fourth quarter of 2021, with $17.4 million, or $0.59 diluted earnings per share, compared to $25.9 million, or $0.88 diluted earnings per share, for the fourth quarter of 2020. However, gross loans and leases, excluding PPP loans, increased by 9.4% from December 31, 2020. Total deposits also increased by 15.5% from December 31, 2020.
Net income for the quarter ended December 31, 2021 was $17.4 million, or $0.59 diluted earnings per share.
Gross loans and leases, excluding PPP loans, increased $455.2 million, or 9.4%, from December 31, 2020.
Total deposits increased $812.4 million, or 15.5%, from December 31, 2020.
Net interest income of $47.5 million for the three months ended December 31, 2021 increased $3.0 million, or 6.7%, from the three months ended December 31, 2020.
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 Sales of Investment Securities 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 fourth quarter and year end 2021 results on Thursday, January 27, 2022 at 9:00 a.m. EST.