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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.
Revenue by Segment
Forward Guidance
This document does not contain any forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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