Univest: 4Q Earnings Snapshot
SOUDERTON, Pa. (AP) _ Univest Corp. of Pennsylvania (UVSP) on Wednesday reported fourth-quarter profit of $18.4 million.
The bank, based in Souderton, Pennsylvania, said it had earnings of 63 cents per share. Earnings, adjusted for non-recurring gains, came to 58 cents per share.
The holding company for Univest Bank and Trust Co. posted revenue of $65.7 million in the period. Its revenue net of interest expense was $55.8 million, exceeding Street forecasts.
For the year, the company reported profit of $50.5 million, or $1.73 per share. Revenue was reported as $218.2 million.
Univest shares have risen 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.87, a drop of 19 percent in the last 12 months.