logo
Share SHARE
FONT-SIZE Plus   Neg

Univest Corp. Q1 Profit Rises - Quick Facts

Univest Corp. of Pennsylvania (UVSP), the holding company of Univest Bank and Trust Co., Wednesday reported an increase in profit for the first quarter, due mainly to higher non-interest income and lower loan and lease loss provisions.

The Souderton, Pennsylvania-based company reported first-quarter net profit of $5.26 million or $0.31 per share, compared to $3.86 million or $0.23 per share last year.

Net interest income for the quarter dropped to $18.16 million from $18.81 million in the year-ago quarter. Total non-interest income grew to $11.02 million from $7.76 million in the prior-year quarter.

Loan and lease loss provisions for the quarter decreased to $4.10 million from $5.13 million last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its second quarter loss widened sharply from last year, as higher costs and expenses more than offset a 33% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in well above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
Follow RTT