Univest Corp of Penn (UVSP) 23.05 $UVSP
Univest Corporation of Pennsylvania - Univest Bank and Trust Co. - Reports Second Quarter Earnings
GlobeNewswire - Wed Jul 27, 1:00PM CDT
Univest Corporation of Pennsylvania ("Univest" or "Corporation"
(NASDAQ:UVSP), parent company of Univest Bank and Trust Co. ("Bank" and its insurance, investments and equipment financing subsidiaries, today announced financial results for the quarter ended June 30, 2016. Univest reported net income of $5.2 million or $0.27 diluted earnings per share for the quarter ended June 30, 2016, compared to net income of $6.5 million or $0.33 diluted earnings per share for the quarter ended June 30, 2015. Net income for the six months ended June 30, 2016 was $12.5 million or $0.64 diluted earnings per share, consistent with net income of $12.6 million or $0.64 diluted earnings per share for the comparable period in the prior year. The financial results for the quarter and six months ended June 30, 2016 included $1.2 million and $1.4 million, net of tax, respectively, of acquisition-related and integration costs associated with the merger with Fox Chase Bancorp (Fox Chase), or $0.06 and $0.07, respectively, of diluted earnings per share. The quarter and six months ended June 30, 2015 included $1.2 million and $2.4 million, net of tax, respectively, of integration and acquisition-related costs and restructuring charges, or $0.05 and $0.12, respectively, of diluted earnings per share. The second quarter and year-to-date financial results do not include the financial results of Fox Chase, which Univest acquired on July 1, 2016.
UVSP: 23.05 (-0.29)
Fox Chase Bancorp, Inc. Announces Cash Dividend
GlobeNewswire - Wed May 25, 3:00PM CDT
Fox Chase Bancorp, Inc. (the "Company" (NASDAQ:FXCB), the holding company for Fox Chase Bank (the "Bank", today announced that its Board of Directors declared a cash dividend of $0.14 per outstanding share of common stock. The dividend will be paid on or about June 20, 2016 to stockholders of record as of the close of business on June 10, 2016.
FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Univest Corporation Declares Second Quarter Dividend
GlobeNewswire - Wed May 25, 9:57AM CDT
Univest Corporation of Pennsylvania (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today declared a $.20 per share quarterly cash dividend for the second quarter of 2016. The dividend will be paid on July 1, 2016 to shareholders of record as of June 8, 2016.
UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania - Univest Bank and Trust Co. - Reports First Quarter Earnings
GlobeNewswire - Wed Apr 27, 11:20AM CDT
Univest Corporation of Pennsylvania ("Univest" or "Corporation" (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. ("Bank" and its insurance, investments and equipment financing subsidiaries, today announced financial results for the quarter ended March 31, 2016. Univest reported net income of $7.3 million or $0.37 diluted earnings per share for the quarter ended March 31, 2016, a 19% increase from reported net income of $6.1 million or $0.31 diluted earnings per share for the quarter ended March 31, 2015. The financial results for the quarter ended March 31, 2016 included $220 thousand of acquisition-related and integration costs associated with the pending merger with Fox Chase Bancorp, or $0.01 diluted earnings per share on a tax affected basis. Excluding these costs, net income for the quarter ended March 31, 2016, would have been $7.5 million or $0.38 diluted earnings per share. The quarter ended March 31, 2015 included $1.8 million of integration and acquisition-related costs associated with Valley Green Bank or $0.06 diluted earnings per share on a tax affected basis. Excluding these costs, net income for the quarter ended March 31, 2015 would have been $7.3 million or $0.37 diluted earnings per share.
FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania to Hold First Quarter 2016 Earnings Conference Call on April 28, 2016
GlobeNewswire - Wed Apr 13, 9:00AM CDT
Univest Corporation of Pennsylvania (Nasdaq:UVSP), parent company of Univest Bank and Trust Co. and its insurance, investment and equipment finance subsidiaries, announced it will host a conference call to discuss its first quarter 2016 earnings on Thursday, April 28, 2016 at 9:00 a.m. Earnings are scheduled to be released on Wednesday, April 27, 2016.
UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania - Univest Bank and Trust Co. - Reports Fourth Quarter and Year End Earnings
GlobeNewswire - Wed Jan 27, 11:33AM CST
Univest Corporation of Pennsylvania ("Univest" or "Corporation" (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. ("Bank" and its insurance, investments and equipment financing subsidiaries, today announced financial results for the quarter and year ended December 31, 2015. Univest reported net income of $7.2 million or $0.37 diluted earnings per share for the quarter ended December 31, 2015, a 38% increase from reported net income of $5.2 million or $0.32 diluted earnings per share for the quarter ended December 31, 2014. Net income for the year ended December 31, 2015 was $27.3 million or $1.39 diluted earnings per share, a 23% increase in net income compared to $22.2 million or $1.37 diluted earnings per share for the comparable period in the prior year. The quarter and year-to-date financial results include the Valley Green Bank acquisition which Univest completed on January 1, 2015 and now operates as Valley Green Bank, a Division of the Bank ("Valley Green Bank". The results for the year ended December 31, 2015 included $2.0 million of integration and acquisition-related costs associated with Valley Green Bank, incurred during the first and second quarters, or $0.07 diluted earnings per share on a year-to-date tax affected basis. The fourth quarter and year-to-date results also include $540 thousand of acquisition-related costs associated with the pending acquisition of Fox Chase Bancorp, or $0.03 diluted earnings per share on a tax affected basis. Lastly, the results for the year ended December 31, 2015 also included $1.6 million of restructuring charges incurred in the second quarter, related to the consolidation of six financial centers in September 2015 under the Bank's optimization plan or $0.05 diluted earnings per share on a tax affected basis. Excluding these costs, net income for the year ended December 31, 2015, would have been $30.1 million or $1.54 diluted earnings per share.
FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Fox Chase Bancorp, Inc. Announces Earnings for the Quarter and Year Ended December 31, 2015
GlobeNewswire - Tue Jan 26, 3:30PM CST
Fox Chase Bancorp, Inc. (the "Company" (NASDAQ:FXCB), the holding company for Fox Chase Bank (the "Bank", today announced net income of $9.5 million, or $0.85 per diluted share, for the year ended December 31, 2015, compared to $8.2 million, or $0.71 per diluted share, for the year ended December 31, 2014. The Company reported net income of $1.8 million, or $0.16 per diluted share, for the quarter ended December 31, 2015 compared to net income of $2.1 million, or $0.19 per diluted share, for the quarter ended December 31, 2014.
FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania to Hold Fourth Quarter and Year End 2015 Earnings Conference Call on January 28, 2016
GlobeNewswire - Thu Jan 14, 2:27PM CST
Univest Corporation of Pennsylvania (Nasdaq:UVSP), parent Company of Univest Bank and Trust Co. and its insurance, investment and equipment finance subsidiaries, announced it will host a conference call to discuss its fourth quarter and year end 2015 earnings on Thursday, January 28, 2016 at 9:00 a.m. Earnings are scheduled to be released on Wednesday, January 27, 2016.
UVSP: 23.05 (-0.29)
The Zacks Analyst Blog Highlights: BBCN Bancorp, Heritage Commerce, Bank of the Ozarks, Towne Bank and Univest Corporation of Pennsylvania
Zacks Equity Research - Zacks Investment Research - Thu Jan 07, 8:30AM CST
The Zacks Analyst Blog Highlights: BBCN Bancorp, Heritage Commerce, Bank of the Ozarks, Towne Bank and Univest Corporation of Pennsylvania
HTBK: 11.50 (+0.01), TOWN: 23.78 (-0.01), UVSP: 23.05 (-0.29), BBCN: 15.37 (-0.21), OZRK: 39.18 (unch)
Rate Hike Could Boost These 5 Rate-Sensitive Bank Stocks
Zacks Equity Research - Zacks Investment Research - Wed Jan 06, 2:26PM CST
While the overall banking industry exhibits blooming prospects for 2016, certain stocks are poised to benefit more favorably than the others. We have identified 5 such rate-sensitive stocks.
HTBK: 11.50 (+0.01), TOWN: 23.78 (-0.01), UVSP: 23.05 (-0.29), BBCN: 15.37 (-0.21), OZRK: 39.18 (unch)
Kroll Bond Rating Agency Releases Comment on Univest Corporation of Pennsylvania's Merger with Fox Chase Bancorp, Inc.
BusinessWire - Thu Dec 10, 4:59PM CST
Kroll Bond Rating Agency (KBRA) released a comment on Univest Corporation of Pennsylvania's impending acquisition of Fox Chase Bancorp, Inc. The comment makes the following key points:
FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania to Acquire Fox Chase Bancorp
GlobeNewswire - Tue Dec 08, 4:32PM CST
Univest Corporation of Pennsylvania (NASDAQ:UVSP), ("Univest", the parent company of Univest Bank and Trust Co. ("Univest Bank", and Fox Chase Bancorp, Inc. (NASDAQ:FXCB), ("Fox Chase", parent company of Fox Chase Bank, announced today that they have entered into a definitive merger agreement (the "Merger Agreement" pursuant to which Fox Chase will be merged with and into Univest in a cash and stock transaction with an aggregate value of approximately $244.3 million. Fox Chase had approximately $1.1 billion in assets, $739.5 million in loans, and $717.7 million in deposits at September 30, 2015. Fox Chase's main office is in Hatboro, Pennsylvania and operates an additional nine full-service banking offices in Pennsylvania and New Jersey.
FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Univest Corporation Declares Fourth Quarter Dividend
GlobeNewswire - Wed Nov 25, 9:28AM CST
Univest Corporation of Pennsylvania (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today declared a $.20 per share quarterly cash dividend for the fourth quarter of 2015. The dividend will be paid on January 4, 2016 to shareholders of record as of December 10, 2015.
UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania - Univest Bank and Trust Co. - Reports Third Quarter Earnings
GlobeNewswire - Wed Oct 28, 11:35AM CDT
Univest Corporation of Pennsylvania ("Univest" or "Corporation" (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. ("Bank" and its insurance, investments and equipment financing subsidiaries, today announced financial results for the quarter ended September 30, 2015. Univest reported net income of $7.5 million or $0.39 diluted earnings per share for the quarter ended September 30, 2015, a 21% increase from reported net income of $6.2 million or $0.38 diluted earnings per share for the quarter ended September 30, 2014. Net income for the nine months ended September 30, 2015 was $20.1 million or $1.02 diluted earnings per share, an 18% increase in net income compared to $17.0 million or $1.04 diluted earnings per share for the comparable period in the prior year. The quarter and year-to-date financial results include the Valley Green Bank acquisition which Univest completed on January 1, 2015 and now operates as Valley Green Bank, a Division of the Bank ("Valley Green Bank". The results for the nine months ended September 30, 2015 included $2.0 million of integration and acquisition-related costs associated with Valley Green Bank, incurred during the first and second quarters, or $0.07 diluted earnings per share on a year-to-date tax affected basis. The results for the nine months ended September 30, 2015 also included $1.6 million of restructuring charges, incurred in the second quarter, related to the consolidation of six financial centers in September 2015 under the Bank's optimization plan or $0.05 diluted earnings per share on a tax affected basis. Excluding these costs, net income for the nine months ended September 30, 2015 would have been $22.5 million or $1.14 diluted earnings per share.
UVSP: 23.05 (-0.29)
Univest Corporation Promotes Michael S. Keim to President of Univest Bank and Trust Co. and Announces Expanded Bank Leadership Team
GlobeNewswire - Fri Oct 16, 10:20AM CDT
Univest Corporation of Pennsylvania (NASDAQ:UVSP), parent company of Univest Bank and Trust Co., today announced the promotion of Michael S. Keim to president of Univest Bank and Trust Co. Additionally, Keim will join the Univest Bank and Trust Co. board of directors. Jeffrey M. Schweitzer, who previously held the position of president of Univest Bank and Trust Co., will continue to serve as president and chief executive officer of Univest Corporation and chief executive officer of Univest Bank and Trust Co. The corporation also announced an expanded leadership team that is responsible for growing the bank throughout Univest's widening marketplace that now includes the Greater Philadelphia Region and the Lehigh Valley.
UVSP: 23.05 (-0.29)
Univest Corporation Declares Third Quarter Dividend
GlobeNewswire - Fri Aug 21, 9:20AM CDT
Univest Corporation of Pennsylvania (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today declared a $.20 per share quarterly cash dividend for the third quarter of 2015. The dividend will be paid on October 1, 2015 to shareholders of record as of September 10, 2015.
UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania - Univest Bank and Trust Co. - Reports Second Quarter Earnings
GlobeNewswire - Wed Jul 27, 1:00PM CDT
Univest Corporation of Pennsylvania ("Univest" or "Corporation"
(NASDAQ:UVSP), parent company of Univest Bank and Trust Co. ("Bank" and its insurance, investments and equipment financing subsidiaries, today announced financial results for the quarter ended June 30, 2016. Univest reported net income of $5.2 million or $0.27 diluted earnings per share for the quarter ended June 30, 2016, compared to net income of $6.5 million or $0.33 diluted earnings per share for the quarter ended June 30, 2015. Net income for the six months ended June 30, 2016 was $12.5 million or $0.64 diluted earnings per share, consistent with net income of $12.6 million or $0.64 diluted earnings per share for the comparable period in the prior year. The financial results for the quarter and six months ended June 30, 2016 included $1.2 million and $1.4 million, net of tax, respectively, of acquisition-related and integration costs associated with the merger with Fox Chase Bancorp (Fox Chase), or $0.06 and $0.07, respectively, of diluted earnings per share. The quarter and six months ended June 30, 2015 included $1.2 million and $2.4 million, net of tax, respectively, of integration and acquisition-related costs and restructuring charges, or $0.05 and $0.12, respectively, of diluted earnings per share. The second quarter and year-to-date financial results do not include the financial results of Fox Chase, which Univest acquired on July 1, 2016. UVSP: 23.05 (-0.29)
Fox Chase Bancorp, Inc. Announces Cash Dividend
GlobeNewswire - Wed May 25, 3:00PM CDT
Fox Chase Bancorp, Inc. (the "Company"
(NASDAQ:FXCB), the holding company for Fox Chase Bank (the "Bank", today announced that its Board of Directors declared a cash dividend of $0.14 per outstanding share of common stock. The dividend will be paid on or about June 20, 2016 to stockholders of record as of the close of business on June 10, 2016. FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Univest Corporation Declares Second Quarter Dividend
GlobeNewswire - Wed May 25, 9:57AM CDT
Univest Corporation of Pennsylvania (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today declared a $.20 per share quarterly cash dividend for the second quarter of 2016. The dividend will be paid on July 1, 2016 to shareholders of record as of June 8, 2016.
UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania - Univest Bank and Trust Co. - Reports First Quarter Earnings
GlobeNewswire - Wed Apr 27, 11:20AM CDT
Univest Corporation of Pennsylvania ("Univest" or "Corporation"
(NASDAQ:UVSP), parent company of Univest Bank and Trust Co. ("Bank" and its insurance, investments and equipment financing subsidiaries, today announced financial results for the quarter ended March 31, 2016. Univest reported net income of $7.3 million or $0.37 diluted earnings per share for the quarter ended March 31, 2016, a 19% increase from reported net income of $6.1 million or $0.31 diluted earnings per share for the quarter ended March 31, 2015. The financial results for the quarter ended March 31, 2016 included $220 thousand of acquisition-related and integration costs associated with the pending merger with Fox Chase Bancorp, or $0.01 diluted earnings per share on a tax affected basis. Excluding these costs, net income for the quarter ended March 31, 2016, would have been $7.5 million or $0.38 diluted earnings per share. The quarter ended March 31, 2015 included $1.8 million of integration and acquisition-related costs associated with Valley Green Bank or $0.06 diluted earnings per share on a tax affected basis. Excluding these costs, net income for the quarter ended March 31, 2015 would have been $7.3 million or $0.37 diluted earnings per share. FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania to Hold First Quarter 2016 Earnings Conference Call on April 28, 2016
GlobeNewswire - Wed Apr 13, 9:00AM CDT
Univest Corporation of Pennsylvania (Nasdaq:UVSP), parent company of Univest Bank and Trust Co. and its insurance, investment and equipment finance subsidiaries, announced it will host a conference call to discuss its first quarter 2016 earnings on Thursday, April 28, 2016 at 9:00 a.m. Earnings are scheduled to be released on Wednesday, April 27, 2016.
UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania - Univest Bank and Trust Co. - Reports Fourth Quarter and Year End Earnings
GlobeNewswire - Wed Jan 27, 11:33AM CST
Univest Corporation of Pennsylvania ("Univest" or "Corporation"
(NASDAQ:UVSP), parent company of Univest Bank and Trust Co. ("Bank" and its insurance, investments and equipment financing subsidiaries, today announced financial results for the quarter and year ended December 31, 2015. Univest reported net income of $7.2 million or $0.37 diluted earnings per share for the quarter ended December 31, 2015, a 38% increase from reported net income of $5.2 million or $0.32 diluted earnings per share for the quarter ended December 31, 2014. Net income for the year ended December 31, 2015 was $27.3 million or $1.39 diluted earnings per share, a 23% increase in net income compared to $22.2 million or $1.37 diluted earnings per share for the comparable period in the prior year. The quarter and year-to-date financial results include the Valley Green Bank acquisition which Univest completed on January 1, 2015 and now operates as Valley Green Bank, a Division of the Bank ("Valley Green Bank". The results for the year ended December 31, 2015 included $2.0 million of integration and acquisition-related costs associated with Valley Green Bank, incurred during the first and second quarters, or $0.07 diluted earnings per share on a year-to-date tax affected basis. The fourth quarter and year-to-date results also include $540 thousand of acquisition-related costs associated with the pending acquisition of Fox Chase Bancorp, or $0.03 diluted earnings per share on a tax affected basis. Lastly, the results for the year ended December 31, 2015 also included $1.6 million of restructuring charges incurred in the second quarter, related to the consolidation of six financial centers in September 2015 under the Bank's optimization plan or $0.05 diluted earnings per share on a tax affected basis. Excluding these costs, net income for the year ended December 31, 2015, would have been $30.1 million or $1.54 diluted earnings per share. FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Fox Chase Bancorp, Inc. Announces Earnings for the Quarter and Year Ended December 31, 2015
GlobeNewswire - Tue Jan 26, 3:30PM CST
Fox Chase Bancorp, Inc. (the "Company"
(NASDAQ:FXCB), the holding company for Fox Chase Bank (the "Bank", today announced net income of $9.5 million, or $0.85 per diluted share, for the year ended December 31, 2015, compared to $8.2 million, or $0.71 per diluted share, for the year ended December 31, 2014. The Company reported net income of $1.8 million, or $0.16 per diluted share, for the quarter ended December 31, 2015 compared to net income of $2.1 million, or $0.19 per diluted share, for the quarter ended December 31, 2014. FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania to Hold Fourth Quarter and Year End 2015 Earnings Conference Call on January 28, 2016
GlobeNewswire - Thu Jan 14, 2:27PM CST
Univest Corporation of Pennsylvania (Nasdaq:UVSP), parent Company of Univest Bank and Trust Co. and its insurance, investment and equipment finance subsidiaries, announced it will host a conference call to discuss its fourth quarter and year end 2015 earnings on Thursday, January 28, 2016 at 9:00 a.m. Earnings are scheduled to be released on Wednesday, January 27, 2016.
UVSP: 23.05 (-0.29)
The Zacks Analyst Blog Highlights: BBCN Bancorp, Heritage Commerce, Bank of the Ozarks, Towne Bank and Univest Corporation of Pennsylvania
Zacks Equity Research - Zacks Investment Research - Thu Jan 07, 8:30AM CST
The Zacks Analyst Blog Highlights: BBCN Bancorp, Heritage Commerce, Bank of the Ozarks, Towne Bank and Univest Corporation of Pennsylvania
HTBK: 11.50 (+0.01), TOWN: 23.78 (-0.01), UVSP: 23.05 (-0.29), BBCN: 15.37 (-0.21), OZRK: 39.18 (unch)
Rate Hike Could Boost These 5 Rate-Sensitive Bank Stocks
Zacks Equity Research - Zacks Investment Research - Wed Jan 06, 2:26PM CST
While the overall banking industry exhibits blooming prospects for 2016, certain stocks are poised to benefit more favorably than the others. We have identified 5 such rate-sensitive stocks.
HTBK: 11.50 (+0.01), TOWN: 23.78 (-0.01), UVSP: 23.05 (-0.29), BBCN: 15.37 (-0.21), OZRK: 39.18 (unch)
Kroll Bond Rating Agency Releases Comment on Univest Corporation of Pennsylvania's Merger with Fox Chase Bancorp, Inc.
BusinessWire - Thu Dec 10, 4:59PM CST
Kroll Bond Rating Agency (KBRA) released a comment on Univest Corporation of Pennsylvania's impending acquisition of Fox Chase Bancorp, Inc. The comment makes the following key points:
FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania to Acquire Fox Chase Bancorp
GlobeNewswire - Tue Dec 08, 4:32PM CST
Univest Corporation of Pennsylvania (NASDAQ:UVSP), ("Univest"
, the parent company of Univest Bank and Trust Co. ("Univest Bank", and Fox Chase Bancorp, Inc. (NASDAQ:FXCB), ("Fox Chase", parent company of Fox Chase Bank, announced today that they have entered into a definitive merger agreement (the "Merger Agreement" pursuant to which Fox Chase will be merged with and into Univest in a cash and stock transaction with an aggregate value of approximately $244.3 million. Fox Chase had approximately $1.1 billion in assets, $739.5 million in loans, and $717.7 million in deposits at September 30, 2015. Fox Chase's main office is in Hatboro, Pennsylvania and operates an additional nine full-service banking offices in Pennsylvania and New Jersey. FXCB: 20.34 (+0.32), UVSP: 23.05 (-0.29)
Univest Corporation Declares Fourth Quarter Dividend
GlobeNewswire - Wed Nov 25, 9:28AM CST
Univest Corporation of Pennsylvania (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today declared a $.20 per share quarterly cash dividend for the fourth quarter of 2015. The dividend will be paid on January 4, 2016 to shareholders of record as of December 10, 2015.
UVSP: 23.05 (-0.29)
Univest Corporation of Pennsylvania - Univest Bank and Trust Co. - Reports Third Quarter Earnings
GlobeNewswire - Wed Oct 28, 11:35AM CDT
Univest Corporation of Pennsylvania ("Univest" or "Corporation"
(NASDAQ:UVSP), parent company of Univest Bank and Trust Co. ("Bank" and its insurance, investments and equipment financing subsidiaries, today announced financial results for the quarter ended September 30, 2015. Univest reported net income of $7.5 million or $0.39 diluted earnings per share for the quarter ended September 30, 2015, a 21% increase from reported net income of $6.2 million or $0.38 diluted earnings per share for the quarter ended September 30, 2014. Net income for the nine months ended September 30, 2015 was $20.1 million or $1.02 diluted earnings per share, an 18% increase in net income compared to $17.0 million or $1.04 diluted earnings per share for the comparable period in the prior year. The quarter and year-to-date financial results include the Valley Green Bank acquisition which Univest completed on January 1, 2015 and now operates as Valley Green Bank, a Division of the Bank ("Valley Green Bank". The results for the nine months ended September 30, 2015 included $2.0 million of integration and acquisition-related costs associated with Valley Green Bank, incurred during the first and second quarters, or $0.07 diluted earnings per share on a year-to-date tax affected basis. The results for the nine months ended September 30, 2015 also included $1.6 million of restructuring charges, incurred in the second quarter, related to the consolidation of six financial centers in September 2015 under the Bank's optimization plan or $0.05 diluted earnings per share on a tax affected basis. Excluding these costs, net income for the nine months ended September 30, 2015 would have been $22.5 million or $1.14 diluted earnings per share. UVSP: 23.05 (-0.29)
Univest Corporation Promotes Michael S. Keim to President of Univest Bank and Trust Co. and Announces Expanded Bank Leadership Team
GlobeNewswire - Fri Oct 16, 10:20AM CDT
Univest Corporation of Pennsylvania (NASDAQ:UVSP), parent company of Univest Bank and Trust Co., today announced the promotion of Michael S. Keim to president of Univest Bank and Trust Co. Additionally, Keim will join the Univest Bank and Trust Co. board of directors. Jeffrey M. Schweitzer, who previously held the position of president of Univest Bank and Trust Co., will continue to serve as president and chief executive officer of Univest Corporation and chief executive officer of Univest Bank and Trust Co. The corporation also announced an expanded leadership team that is responsible for growing the bank throughout Univest's widening marketplace that now includes the Greater Philadelphia Region and the Lehigh Valley.
UVSP: 23.05 (-0.29)
Univest Corporation Declares Third Quarter Dividend
GlobeNewswire - Fri Aug 21, 9:20AM CDT
Univest Corporation of Pennsylvania (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today declared a $.20 per share quarterly cash dividend for the third quarter of 2015. The dividend will be paid on October 1, 2015 to shareholders of record as of September 10, 2015.
UVSP: 23.05 (-0.29)
