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Univest: 4Q Earnings Snapshot

January 23, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UVSP at https://www.zacks.com/ap/UVSP

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