Univest reports Q4 EPS 65c, consensus 57c

Reports as of December 31 Corporation reported on balance sheet cash and cash equivalents totaling $328.8M. The Corporation and its subsidiaries had committed borrowing capacity of $3.7B at December 31 , of which $2.1B was available. The Corporation and its subsidiaries also maintained uncommitted funding sources from correspondent banks of $468M at December 31. Net interest income of $55.5M for the fourth quarter of 2024 increased $2.7 M or 5.1%, from the fourth quarter of 2023 and $2.3 M, or 4.3%, from the third quarter of 2024.