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Univest Corporation Of Pennsylvania (UVSP)
NASDAQ:UVSP
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.62Last Year’s EPS
0.69Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 1.94%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong loan and deposit growth, improved credit quality, and increased noninterest income. However, there were challenges with decreased deposits in certain areas and an increase in noninterest expenses.Company Guidance
During the Univest Financial Corporation's fourth quarter 2024 earnings call, executives provided guidance for 2025 with several key metrics highlighted. They projected loan growth between 3% and 5%, with net interest income expected to increase by approximately 5% to 7%, assuming a stable rate environment with one or two 25 basis point rate decreases. The provision for credit losses is anticipated to be in the range of $12 million to $14 million, while noninterest income is expected to grow by 4% to 6% from a base of $84.5 million. Noninterest expenses are forecasted to rise by 4% to 5%, and the effective tax rate is estimated to be around 20% to 20.5%. These projections reflect expectations of modest net interest margin expansion and continued strategic growth.Strong Loan and Deposit Growth
Loans grew by $95.8 million or 5.6% annualized in Q4 and by $259.4 million or 3.9% for 2024. Consumer and commercial deposits increased by $104 million during Q4.
Noninterest Income Increase
Noninterest income increased by $2.7 million or 14.6% compared to Q4 2023, driven by growth in wealth management, mortgage banking, and service fee income.
Improved Credit Quality
Nonperforming assets to total assets declined by 4 basis points during Q4 and 11 basis points during the year, with minimal net charge-offs of 6 basis points for 2024.
Tangible Book Value Growth
Tangible book value per share grew by 9.1% during 2024.
Net Interest Margin Stabilization
Reported NIM of 2.88% increased by 6 basis points from Q3, and core NIM, excluding excess liquidity, increased by 11 basis points to 3.02%.
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UVSP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UVSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $29.95 | $29.86 | -0.30% |
| Oct 23, 2024 | $27.05 | $28.07 | +3.77% |
| Jul 24, 2024 | $27.02 | $27.73 | +2.63% |
| Apr 24, 2024 | $19.50 | $20.04 | +2.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Univest Corporation Of Pennsylvania (UVSP) report earnings?
Univest Corporation Of Pennsylvania (UVSP) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Univest Corporation Of Pennsylvania (UVSP) earnings time?
Univest Corporation Of Pennsylvania (UVSP) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UVSP EPS forecast?
UVSP EPS forecast for the fiscal quarter 2025 (Q1) is 0.62.
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