NASDAQ$UVSP
Univest Financial Corporation · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Net income decreased due to a rise in noninterest expense and a decrease in noninterest income.
Univest Financial Corporation reported a decrease in net income for the quarter ended June 30, 2022, with net income at $13.2 million, or $0.45 diluted earnings per share, compared to $20.9 million, or $0.71 diluted earnings per share, for the quarter ended June 30, 2021. Loan growth was strong at 19.6% annualized, excluding PPP loans. Net interest income increased, while noninterest income decreased. Noninterest expense also increased, driven by investments in revenue-producing staff and digital transformation initiatives.
- Net income for the quarter was $13.2 million, or $0.45 diluted earnings per share.
- Gross loans and leases, excluding PPP loans, increased 19.6% (annualized) from March 31, 2022.
- Net interest income increased by 10.1% compared to the second quarter of 2021.
- The corporation repurchased 300,000 shares at an average price of $25.23, for an aggregate cost of $7.6 million.
Headline financials
Revenue & EPS history
Univest · Revenue · Quarterly
$70.5M
Revenue by segment
Univest · $19M total across 8 segments · Q2 2022
- Investment Advisory$4.81M+5.6%25.3%
- Insurance Fees$4.63M+20.6%24.4%
- Other Service Fees$3.31M+20.4%17.4%
- Trust Fee Income$2M-7.4%10.5%
- Deposit Service Charges$1.57M+19.8%8.3%
- Mortgage Banking Gains$1.23M-64.5%6.5%
- Other Income$741K+54.7%3.9%
- BOLI Income$705K-56.5%3.7%
Forward guidance
This document does not contain forward guidance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.4%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+2.9%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+6.6%
Q1 2010
Best reaction
-6.0%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.1% | +0.3% | +4.6% | |
| Q4 2025 | -2.1% | +5.6% | +0.4% | |
| Q3 2025 | -0.4% | +1.7% | +5.0% | |
| Q1 2025 | +3.3% | +4.7% | +3.3% | |
| Q4 2024 | -0.3% | +1.5% | -1.0% | |
| Q3 2024 | +3.4% | +4.7% | +15.3% | |
| Q2 2024 | +1.1% | +1.8% | +2.1% | |
| Q1 2024 | +2.8% | +6.7% | +12.0% | |
| Q4 2023 | +2.0% | +4.6% | -5.3% | |
| Q3 2023 | +2.2% | -1.8% | +11.9% | |
| Q2 2023 | +0.5% | -1.1% | -9.3% | |
| Q1 2023 | -3.4% | -6.3% | -12.3% | |
| Q4 2022 | +3.0% | +3.0% | +9.7% | |
| Q3 2022 | +5.1% | +5.8% | +5.4% | |
| Q2 2022 | -6.0% | -6.4% | -3.1% | |
| Q1 2022 | +0.8% | +1.0% | +3.7% | |
| Q4 2021 | -4.6% | -2.5% | -4.7% | |
| Q3 2021 | -0.4% | +3.4% | -1.7% | |
| Q2 2021 | +2.3% | -0.4% | +3.3% | |
| Q1 2021 | +1.7% | +7.2% | +6.9% | |
| Q4 2020 | -1.1% | -0.3% | +10.1% | |
| Q3 2020 | +2.9% | +5.6% | +27.2% | |
| Q2 2020 | +2.8% | -1.9% | +2.1% | |
| Q1 2020 | -0.4% | +8.7% | +0.4% | |
| Q4 2019 | -3.3% | -5.7% | -4.9% | |
| Q3 2019 | +2.2% | +2.5% | +1.0% | |
| Q2 2019 | +4.1% | +5.0% | -2.4% | |
| Q1 2019 | -1.3% | +4.4% | +1.5% | |
| Q4 2018 | +5.5% | +5.3% | +15.7% | |
| Q3 2018 | +3.3% | +6.1% | +6.8% | |
| Q2 2018 | +1.8% | -0.4% | +3.4% | |
| Q1 2018 | +1.9% | +0.2% | +3.3% | |
| Q4 2017 | +0.7% | -0.9% | -0.9% | |
| Q3 2017 | -3.5% | -9.3% | -9.4% | |
| Q2 2017 | +0.0% | +0.7% | -3.1% | |
| Q1 2017 | +5.9% | +3.1% | -2.8% | |
| Q4 2016 | +0.7% | -2.6% | -2.9% | |
| Q3 2016 | -1.3% | -0.4% | +18.0% | |
| Q2 2016 | -3.5% | -3.0% | +3.1% | |
| Q1 2016 | -2.2% | — | — | |
| Q4 2015 | +0.3% | — | — | |
| Q3 2015 | +1.8% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | +0.4% | — | — | |
| Q4 2014 | +1.8% | — | — | |
| Q3 2014 | +1.7% | — | — | |
| Q2 2014 | -1.7% | — | — | |
| Q1 2014 | -2.0% | — | — | |
| Q4 2013 | -3.2% | — | — | |
| Q3 2013 | +5.0% | — | — | |
| Q2 2013 | -0.1% | — | — | |
| Q1 2013 | +1.0% | — | — | |
| Q4 2012 | -3.8% | — | — | |
| Q3 2012 | -1.9% | — | — | |
| Q2 2012 | -1.4% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q1 2012 | +2.4% | — | — | |
| Q4 2009 | -1.2% | — | — | |
| Q4 2010 | -1.2% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q3 2010 | -4.7% | — | — | |
| Q3 2011 | -4.7% | — | — | |
| Q2 2011 | +1.4% | — | — | |
| Q2 2010 | +1.4% | — | — | |
| Q1 2010 | +6.6% | — | — |
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