Univest: Q1 Earnings Snapshot

SOUDERTON, Pa. (AP) — SOUDERTON, Pa. (AP) — Univest Corp. of Pennsylvania (UVSP) on Wednesday reported net income of $20.3 million in its first quarter.

The Souderton, Pennsylvania-based bank said it had earnings of 69 cents per share. Earnings, adjusted for non-recurring gains, came to 60 cents per share.

The holding company for Univest Bank and Trust Co. posted revenue of $124.2 million in the period. Its revenue net of interest expense was $77.1 million, which beat Street forecasts.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UVSP at https://www.zacks.com/ap/UVSP