Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 64

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 64
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 organizations. Through its wholly-owned subsidiaries, the Bank provides a variety of financial services throughout its markets of operation. The Bank is the parent company of Girard Investment Services, LLC, a full-service registered introducing broker-dealer and a licensed insurance agency, Girard Advisory Services, LLC, a registered investment advisory firm, and Girard Pension Services, LLC, a registered investment advisor, which provides investment consulting and management services to municipal entities. The Bank is also the parent company of Univest Insurance, LLC, an independent insurance agency, and Univest Capital, Inc., an equipment financing business.

The Corporation earns revenues primarily from the margins and fees generated from lending and depository services as well as fee-based income from trust, insurance, mortgage banking, treasury management and investment services. The Corporation seeks to achieve adequate and reliable earnings through business growth while maintaining adequate levels of capital and liquidity and limiting exposure to credit and interest rate risk. 

Executive Overview

The Corporation’s consolidated net income, earnings per share and return on average assets and average equity were as follows: 

Three Months EndedSix Months Ended June 30,ChangeJune 30,Change(Dollars in thousands, except per share data)20252024AmountPercent20252024AmountPercentNet income$19,978 $18,107 $1,871 10.3 %$42,373 $38,412 $3,961 10.3 %Net income per share:Basic$0.69 $0.62 $0.07 11.3 $1.46 $1.31 $0.15 11.5 Diluted0.69 0.62 0.07 11.3 1.45 1.30 0.15 11.5 Return on average assets1.00 %0.94 %6 BP6.4 1.07 %1.00 %7 BP7.0 Return on average equity8.82 %8.62 %20 BP2.3 9.47 %9.16 %31 BP3.4 

47

The Corporation reported net income of $20.0 million, or $0.69 diluted earnings per share, for the three months ended June 30, 2025, compared to net income of $18.1 million, or $0.62 diluted earnings per share, for the three months ended June 30,