Univest Financial Corporation (UVSP)

Univest Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	412.36	347.92	237.16	201.35	193.11
Interest Income on Investments	-	23.81	15.04	8.38	10.84
Total Interest Income	412.36	371.73	252.19	209.73	203.95
Interest Paid on Deposits	201.19	126.05	25.42	12.87	19.62
Interest Paid on Borrowings	-	25.68	8.47	8.48	9.97
Total Interest Expense	201.19	151.73	33.9	21.35	29.58
Net Interest Income	211.17	220	218.3	188.38	174.36
Net Interest Income Growth (YoY)	-4.01%	0.78%	15.88%	8.04%	3.03%
Trust Income	8.49	7.73	7.74	8.4	7.7
Mortgage Banking Activities	5.27	3.69	4.41	15.14	16.44
Gain (Loss) on Sale of Investments	0.02	0.02	0.23	0.15	0.87
Other Non-Interest Income	66.2	58.34	58.35	54.03	48.47
Total Non-Interest Income	88.06	76.82	76.91	83.22	78.33
Non-Interest Income Growth (YoY)	14.62%	-0.11%	-7.59%	6.25%	19.73%
Revenues Before Loan Losses	299.23	296.82	295.21	271.61	252.69
Provision for Loan Losses	5.93	10.77	12.2	-10.13	40.79
Revenue	293.29	286.05	283.01	281.74	211.9
Revenue Growth (YoY)	2.53%	1.08%	0.45%	32.96%	-6.30%
Salaries and Employee Benefits	123.75	115.89	111.59	100.4	91.64
Occupancy Expenses	11.03	6.52	6.49	10.4	10.36
Federal Deposit Insurance	4.43	4.83	3.08	2.71	2.59
Selling, General & Administrative	29.98	38.72	38.84	30.18	24.06
Other Non-Interest Expense	28.81	29.89	26.6	23.72	23.12
Total Non-Interest Expense	197.99	195.84	186.59	167.41	151.76
EBT Excluding Unusual Items	95.3	90.21	96.42	114.33	60.14
Other Unusual Items	-	-	-	-	-1.8
Pretax Income	95.3	88.69	97.21	114.33	56.9
Income Tax Expense	19.37	17.59	19.09	22.53	9.98
Net Income	75.93	71.1	78.12	91.8	46.92
Preferred Dividends & Other Adjustments	-	-	-	0.03	-
Net Income to Common	75.93	71.1	78.12	91.78	46.92
Net Income Growth	6.79%	-8.98%	-14.90%	95.67%	-28.61%
Basic Shares Outstanding	29	29	29	29	29
Diluted Shares Outstanding	29	30	30	30	29
Shares Change (YoY)	-0.35%	-0.06%	-0.01%	0.82%	-0.18%
EPS (Basic)	2.60	2.42	2.66	3.12	1.60
EPS (Diluted)	2.58	2.41	2.64	3.11	1.60
EPS Growth	7.05%	-8.71%	-15.11%	94.37%	-28.57%
Dividend Per Share	0.840	0.840	0.840	0.800	0.800
Dividend Growth	0%	0%	5.00%	0%	0%
Effective Tax Rate	20.32%	19.83%	19.64%	19.71%	17.54%

Source: S&P Capital IQ. Banks template. Financial Sources.