Loading...
•
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.
Revenue by Segment
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...