Univest Financial Corp (OQ:UVSP)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 14 N Main St
PO Box 64197
SOUDERTON PA 18964-0197
Tel: N/A
Website: https://www.univest.net
IR: See website
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Key People
William S. Aichele
Independent Chairman of the Board of the Corporation and the Bank
Jeffrey M. Schweitzer
President, Chief Executive Officer, Director, Chief Executive Officer of Univest Bank and Trust Co.
Brian Jason Richardson
Chief Financial Officer
Megan D. Santana
Executive Vice President, Chief Risk Officer, General Counsel f the Corporation and the Bank
Duane J. Brobst
Senior Executive Vice President of the Corporation and the Bank, Chief Credit Officer of the Bank
Michael S. Keim
Senior Executive Vice President of the Corporation, President and Director of the Bank
Business Overview
Univest Financial Corporation, formerly Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co. (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. Its business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing. The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions. The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines and human resources consulting.
Financial Overview
For the nine months ended 30 September 2019, Univest Financial Corp interest income increased 15% to $160.7M. Net interest income after loan loss provision increased 25% to $120.5M. Net income applicable to common stockholders increased 57% to $50M. Net interest income after loan loss provision reflects Banking segment increase of 95% to $124.2M, Wealth Management segment increase of 94% to $33K.
Employees: 841 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $951.76M as of Dec 31, 2019
Annual revenue (TTM): $211.96M as of Dec 31, 2019
EBITDA (TTM): $101.46M as of Dec 31, 2019
Net annual income (TTM): $67.99M as of Dec 31, 2019
Free cash flow (TTM): $52.99M as of Dec 31, 2019
Net Debt Last Fiscal Year: $205.78M as of Dec 31, 2019
Shares outstanding: 29,334,629 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization