Recap: Univest Finl Q2 Earnings

Shares of Univest Finl UVSP moved lower by 1.05% after the company reported Q2 results.

Quarterly Results

Earnings per share fell 87.50% year over year to $0.07, which missed the estimate of $0.24.

Revenue of $61,518,000 rose by 4.28% year over year, which beat the estimate of $60,560,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Univest Finl hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $27.80

52-week low: $13.20

Price action over last quarter: Up 0.85%

Company Profile

Univest Financial Corp provides commercial and consumer banking and a full range of banking and trust services. It has Banking, Wealth management, and Insurance segments. The Banking segments include banking services such as deposit-taking, loan origination, 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; and the Insurance segment includes insurance brokerage agency offering commercial property and casualty insurance, life and health coverage, employee benefits solutions, and others. It generates a majority of its revenue from the banking segment.