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UNIVEST FINANCIAL Corp (UVSP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  237.2201.3193.1197.0176.2151.6117.793.2
        Interest income on investments  11.56.38.512.1177.5152.8118.294.9
       252.2209.7203.9214.1190.5163.0126.6102.0
    Interest expense:  
       33.921.329.644.932.419.812.48.1
Net interest income  218.3188.4174.4169.2158.1143.2114.293.9
Provision for loan losses  12.2-10.140.88.520.39.94.83.8
Net interest income after provision for loan losses  206.1198.5133.6160.7137.8133.3109.490.1
        Deposit and loan fees         4.2
        Gain on sale of investments, net         1.3
        Other non-interest income  77.983.278.365.460.259.256.046.9
Total non-interest income  77.983.278.365.460.259.256.052.4
Non-interest expenses  186.8167.4155.0146.1137.2130.7142.0105.5
Pre-tax income before non-recurring items  97.4114.358.380.161.361.841.041.2
Non-recurring items  0.2 1.4 0.6 17.74.2
Pre-tax income  97.2114.356.980.160.761.823.437.0
Income taxes  19.122.510.014.310.117.73.99.8
            Tax rate  19.6%19.7%17.5%17.9%16.7%28.7%16.6%26.4%
Net income  78.191.846.965.750.544.119.527.3
            Net margin  27.5%32.6%22.1%29.1%25.5%22.9%11.8%19.1%
   
Basic EPS  $2.66$3.12$1.61$2.25$1.73$1.66$0.85$1.40
Diluted EPS  $2.64$3.11$1.60$2.25$1.73$1.65$0.85$1.40
   
Shares outstanding (basic)  29.429.429.229.229.226.622.919.5
Shares outstanding (diluted)  29.629.629.329.329.326.722.919.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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