Univest Financial (FRA:UVE) Credit Losses Provision : €8.1 Mil (As of Mar. 2024)

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What is Univest Financial Credit Losses Provision?

Univest Financial's credit losses provision for the three months ended in Mar. 2024 was €1.3 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €8.1 Mil.

Univest Financial's quarterly credit losses provision declined from Sep. 2023 (€1.9 Mil) to Dec. 2023 (€1.8 Mil) and declined from Dec. 2023 (€1.8 Mil) to Mar. 2024 (€1.3 Mil).

Univest Financial's annual credit losses provision increased from Dec. 2021 (€-9.0 Mil) to Dec. 2022 (€11.5 Mil) but then declined from Dec. 2022 (€11.5 Mil) to Dec. 2023 (€9.9 Mil).

Univest Financial Credit Losses Provision Historical Data

The historical data trend for Univest Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Univest Financial Credit Losses Provision Chart

Univest Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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7.66

33.53

-8.97

11.52

9.88

Univest Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															3.16	3.16	1.90	1.77	1.32

Univest Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €8.1 Mil.

Univest Financial (FRA:UVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Univest Financial Corp (FRA:UVE) » Definitions » Credit Losses Provision

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UVSP:USA

Address

14 North Main Street, Souderton, PA, USA, 18964

Website

https://www.univest.net

Univest Financial Corp is engaged in domestic banking services for individuals, businesses, municipalities, and non-profit organizations. The bank has three operating segments; Banking segment provides financial services including a full range of banking services such as deposit taking, loan origination, and servicing, mortgage banking, other general banking services, and equipment lease financing, Wealth Management segment offers investment advisory, financial planning, trust and brokerage services, and The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, employee benefits solutions, personal insurance lines and human resources consulting. It generates a majority of its revenue from the banking segment.