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Stock impact report

Univest (UVSP) Q2 2025 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Univest Financial Corporation (UVSP) 
Last univest financial corporation earnings: 4/22 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.univest.net
President & Chief Operating Officer — Mike Keim Chief Financial Officer — Brian Richardson TAKEAWAYS Net Income -- $20 million, or $0.69 per share, was reported. Loan Outstanding Contraction -- Outstandings declined $31.9 million, despite $507 million in year-to-date commercial loan production; early payoffs and paydowns were cited as the cause. Deposit Flows -- Total deposits decreased $75.8 million, attributed to seasonal public funds and broker deposit declines; excluding these, core deposits increased $77.5 million during the period. Net Charge-Offs -- $7.8 million recognized, with $7.3 million from a single credit relationship suspected of fraud; the remaining $16.4 million on this credit is now nonaccrual and collateralized by real estate. Net Interest Margin (NIM) -- Reported NIM of 3.2% improved by 11 basis points sequentially; core NIM reached 3.24%, up 12 basis points from the previous quarter. Noninterest Income -- Increased by $521,000, or 2.5%, compared t Show less Read more
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