NASDAQ$UVSP

Univest Financial Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Net income remained consistent with the prior year, while loans and leases increased.

Univest Financial Corporation reported net income of $20.8 million, or $0.71 diluted earnings per share, for the quarter ended September 30, 2022, compared to net income of $20.9 million, or $0.71 diluted earnings per share, for the quarter ended September 30, 2021. Gross loans and leases, excluding Paycheck Protection Program loans, increased $190.6 million, or 13.5% (annualized), from June 30, 2022. Total deposits increased $223.9 million, or 16.1% (annualized), from June 30, 2022.

  • Net income for the quarter ended September 30, 2022 was $20.8 million, or $0.71 diluted earnings per share.
  • Gross loans and leases, excluding Paycheck Protection Program loans, increased $190.6 million, or 13.5% (annualized), from June 30, 2022.
  • Total deposits increased $223.9 million, or 16.1% (annualized), from June 30, 2022.
  • Net interest income of $58.3 million increased $9.6 million, or 19.6%, from the three months ended September 30, 2021.

Headline financials

Total Revenue

$76.2M

Previous: $0.00
EPS (adj)

$0.69

Previous: $0.70-1.4%
Efficiency Ratio

60.6%

Previous: 61.8%-1.9%
Net Interest Margin

3.7%

Previous: 3.1%+18.0%
Tier 1 Leverage Ratio

9.9%

Previous: 9.5%+3.6%
CET1 Capital Ratio

10.5%

Previous: 11.2%-5.7%
Total Risk-Based Capital

13.1%

Previous: 13.9%-5.6%
Free Cash Flow

$20.8M

Previous: $20.9M-0.5%
Net Income

$20.8M

Previous: $20.9M-0.5%
Operating Income

$49M

Previous: -$18.2M+368.7%
Gross Profit

$72.7M

Previous: -$182K+40018.1%
Cash & Equivalents

$113M

Previous: $902M-87.4%
Total Assets

$6.91B

Previous: $6.98B-1.0%
Stock-Based Comp

$1.05M

Previous: $911K+15.1%

Revenue & EPS history

Univest · Revenue · Quarterly

$76.2M

Q3 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Univest · $18.7M total across 8 segments · Q3 2023

  • Insurance Fees
    $4.85M
  • Investment Advisory
    $4.84M
  • Other Service Fees
    $3.02M
  • Trust Fee Income
    $1.91M
  • Deposit Service Charges
    $1.82M
  • Mortgage Banking Gains
    $1.22M
  • BOLI Income
    $806K
  • Other Income
    $228K

Forward guidance

This press release and the reports Univest files with the Securities and Exchange Commission often contain "forward-looking statements" relating to trends or factors affecting the financial services industry and, specifically, the financial condition and results of operations, business and strategies of Univest.

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 Q3 2022

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro