Univest: 2Q Earnings Snapshot
SOUDERTON, Pa. (AP) _ Univest Corp. of Pennsylvania (UVSP) on Wednesday reported second-quarter profit of $16.5 million.
The bank, based in Souderton, Pennsylvania, said it had earnings of 56 cents per share.
The holding company for Univest Bank and Trust Co. posted revenue of $70.4 million in the period. Its revenue net of interest expense was $59 million, exceeding Street forecasts.
Univest shares have risen 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.01, a decrease of nearly 6% in the last 12 months.