Univest Financial Corporation (UVSP)

Univest Financial Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	388.04	383.31	347.92	237.16	201.35	193.11
Interest Income on Investments	29.13	29.05	23.81	15.04	8.38	10.84
Total Interest Income	417.16	412.36	371.73	252.19	209.73	203.95
Interest Paid on Deposits	180.88	180.87	126.05	25.42	12.87	19.62
Interest Paid on Borrowings	19.8	20.32	25.68	8.47	8.48	9.97
Total Interest Expense	200.68	201.19	151.73	33.9	21.35	29.58
Net Interest Income	216.48	211.17	220	218.3	188.38	174.36
Net Interest Income Growth (YoY)	2.04%	-4.01%	0.78%	15.88%	8.04%	3.03%
Trust Income	8.54	8.49	7.73	7.74	8.4	7.7
Mortgage Banking Activities	4.97	5.27	3.69	4.41	15.14	16.44
Gain (Loss) on Sale of Investments	0.02	0.02	0.02	0.03	0.15	0.87
Other Non-Interest Income	62.69	65.96	58.34	59.53	54.03	48.47
Total Non-Interest Income	84.63	87.81	76.82	77.89	83.22	78.33
Non-Interest Income Growth (YoY)	2.29%	14.31%	-1.36%	-6.42%	6.25%	19.73%
Revenues Before Loan Losses	301.12	298.98	296.82	296.18	271.61	252.69
Provision for Loan Losses	6.81	5.93	10.77	12.2	-10.13	40.79
Revenue	294.31	293.05	286.05	283.98	281.74	211.9
Revenue Growth (YoY)	2.88%	2.45%	0.73%	0.80%	32.96%	-6.30%
Salaries and Employee Benefits	118.49	119.04	115.89	111.59	100.4	91.64
Occupancy Expenses	6.81	6.83	6.52	10.19	10.4	10.36
Federal Deposit Insurance	4.45	4.43	4.83	3.08	2.71	2.59
Selling, General & Administrative	38.85	38.89	38.72	35.13	30.18	24.06
Other Non-Interest Expense	28.65	28.81	29.89	26.6	23.72	23.12
Total Non-Interest Expense	197.25	197.99	195.84	186.59	167.41	151.76
EBT Excluding Unusual Items	97.06	95.06	90.21	97.39	114.33	60.14
Other Unusual Items	-	-	-	-	-	-1.8
Pretax Income	97.3	95.3	88.69	97.21	114.33	56.9
Income Tax Expense	19.28	19.37	17.59	19.09	22.53	9.98
Net Income	78.02	75.93	71.1	78.12	91.8	46.92
Preferred Dividends & Other Adjustments	-	-	-	-	0.03	-
Net Income to Common	78.02	75.93	71.1	78.12	91.78	46.92
Net Income Growth	10.87%	6.79%	-8.98%	-14.90%	95.67%	-28.61%
Basic Shares Outstanding	29	29	29	29	29	29
Diluted Shares Outstanding	29	29	30	30	30	29
Shares Change (YoY)	-0.74%	-0.45%	-0.06%	-0.01%	0.82%	-0.18%
EPS (Basic)	2.68	2.60	2.42	2.66	3.12	1.60
EPS (Diluted)	2.66	2.58	2.41	2.64	3.11	1.60
EPS Growth	11.32%	7.05%	-8.71%	-15.11%	94.38%	-28.57%
Dividend Per Share	0.850	0.840	0.840	0.840	0.800	0.800
Dividend Growth	1.19%	-	-	5.00%	-	-
Effective Tax Rate	19.81%	20.32%	19.83%	19.64%	19.71%	17.54%

Updated Feb 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q