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Dec 31, 2023
Univest Q4 2023 Earnings Report
Univest reported a decrease in net income and earnings per share for Q4 2023 compared to Q4 2022.
Key Takeaways
Univest Financial Corporation reported a net income of $16.3 million, or $0.55 diluted earnings per share, for the quarter ended December 31, 2023. This represents a decrease compared to the net income of $23.8 million, or $0.81 diluted earnings per share, for the quarter ended December 31, 2022.
Net income for Q4 2023 was $16.3 million, or $0.55 diluted earnings per share, down from $23.8 million, or $0.81 diluted earnings per share, in Q4 2022.
Gross loans and leases decreased $7.7 million, or 0.1% (0.5% annualized), from September 30, 2023.
Total deposits decreased $63.4 million, or 1.0% (3.9% annualized), from September 30, 2023.
Net interest income decreased $9.2 million, or 14.8%, from the three months ended December 31, 2022.
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
This document does not contain any forward guidance.