Univest Financial Corporation (UVSP)

Univest Financial Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	378.22	347.92	237.16	201.35	193.11	196.98
Interest Income on Investments	27.89	23.81	15.04	8.38	10.84	17.11
Total Interest Income	406.11	371.73	252.19	209.73	203.95	214.09
Interest Paid on Deposits	176.81	126.05	25.42	12.87	19.62	35.57
Interest Paid on Borrowings	20.84	25.68	8.47	8.48	9.97	9.29
Total Interest Expense	197.65	151.73	33.9	21.35	29.58	44.86
Net Interest Income	208.46	220	218.3	188.38	174.36	169.23
Net Interest Income Growth (YoY)	-9.03%	0.78%	15.88%	8.04%	3.03%	7.07%
Trust Income	8.17	7.73	7.74	8.4	7.7	7.83
Mortgage Banking Activities	4.75	3.69	4.41	15.14	16.44	3.95
Gain (Loss) on Sale of Investments	0.04	0.02	0.23	0.15	0.87	0.05
Other Non-Interest Income	64.54	58.34	58.35	54.03	48.47	47.65
Total Non-Interest Income	85.35	76.82	76.91	83.22	78.33	65.42
Non-Interest Income Growth (YoY)	9.86%	-0.11%	-7.59%	6.25%	19.73%	9.54%
Revenues Before Loan Losses	293.8	296.82	295.21	271.61	252.69	234.65
Provision for Loan Losses	5.48	10.77	12.2	-10.13	40.79	8.51
Revenue	288.32	286.05	283.01	281.74	211.9	226.14
Revenue Growth (YoY)	-1.46%	1.08%	0.45%	32.96%	-6.30%	14.51%
Salaries and Employee Benefits	117.08	115.89	111.59	100.4	91.64	85.87
Occupancy Expenses	6.86	6.52	6.49	10.4	10.36	10.22
Federal Deposit Insurance	4.68	4.83	3.08	2.71	2.59	0.78
Selling, General & Administrative	39.02	38.72	38.84	30.18	24.06	25.2
Other Non-Interest Expense	28.56	29.89	26.6	23.72	26.72	24.02
Total Non-Interest Expense	196.19	195.84	186.59	167.41	155.36	146.09
EBT Excluding Unusual Items	92.13	90.21	96.42	114.33	56.54	80.05
Other Unusual Items	-	-	-	-	1.8	-
Pretax Income	91.94	88.69	97.21	114.33	56.9	80.05
Income Tax Expense	18.7	17.59	19.09	22.53	9.98	14.33
Net Income	73.24	71.1	78.12	91.8	46.92	65.72
Preferred Dividends & Other Adjustments	-	-	-	0.03	-	-
Net Income to Common	73.24	71.1	78.12	91.78	46.92	65.72
Net Income Growth	-6.92%	-8.98%	-14.90%	95.67%	-28.61%	30.03%
Basic Shares Outstanding	29	29	29	29	29	29
Diluted Shares Outstanding	29	30	30	30	29	29
Shares Change (YoY)	-0.08%	-0.06%	-0.01%	0.82%	-0.18%	-0.29%
EPS (Basic)	2.50	2.42	2.66	3.12	1.60	2.24
EPS (Diluted)	2.49	2.41	2.64	3.11	1.60	2.24
EPS Growth	-6.42%	-8.71%	-15.11%	94.37%	-28.57%	30.23%
Dividend Per Share	0.840	0.840	0.840	0.800	0.800	0.800
Dividend Growth	0%	0%	5.00%	0%	0%	0%
Effective Tax Rate	20.33%	19.83%	19.64%	19.71%	17.54%	17.91%

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