Q4 Revenue Reaches $84.5M, Exceeds Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
0mins
Reports Q4 revenue $84.5M, consensus $82.54M. Net interest income was $62.5M, up 12.8% vs. last year. Net interest margin was 3.10%, compared to 2.88% vs. last year. Gross loans and leases increased $129.3M from the prior quarter. Total deposits decreased $130.8M sequentially.
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Analyst Views on UVSP
Wall Street analysts forecast UVSP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UVSP is 34.00 USD with a low forecast of 34.00 USD and a high forecast of 34.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 33.420
Low
34.00
Averages
34.00
High
34.00
Current: 33.420
Low
34.00
Averages
34.00
High
34.00
About UVSP
Univest Financial Corporation is a bank holding company for Univest Bank and Trust Co. (the Bank). The Company and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region. Its segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services to individuals, businesses, municipalities and non-profit organizations. These services include a full range of banking services such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing. The Wealth Management segment offers investment advisory, financial planning and trust and brokerage services. The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, employee benefit solutions, personal insurance lines and human resources consulting.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Univest Financial Declares Quarterly Dividend
- Quarterly Dividend Announcement: Univest Financial declares a quarterly dividend of $0.22 per share, payable on February 25, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Earnings Beat: The company reports a GAAP EPS of $0.79, exceeding expectations by $0.02, indicating a strengthening profitability that may attract more investor interest.
- Revenue Growth: Univest Financial's revenue of $84.57 million surpasses market expectations by $2.03 million, reflecting strong operational performance in the current economic environment.
- Dividend Yield: The forward yield of 2.63% not only provides shareholders with a steady cash flow but also enhances the company's attractiveness among investors.
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Univest Financial Reports Increased Q4 Earnings
- Earnings Growth: Univest Financial's Q4 earnings reached $22.75 million, translating to $0.79 per share, significantly up from last year's $18.94 million and $0.65 per share, indicating improved profitability.
- Revenue Increase: The company's revenue rose 12.8% year-over-year to $62.55 million, compared to $55.47 million last year, reflecting enhanced business expansion and market demand.
- Financial Health: With sustained revenue growth and improved profitability, Univest Financial demonstrates strong financial health, laying a solid foundation for future investments and expansion.
- Market Confidence: The dual growth in earnings and revenue not only boosts investor confidence but also helps the company solidify its position in the competitive financial services market.
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