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UVSP (Univest Financial) Net Income : $73.2 Mil (TTM As of Sep. 2024)


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What is Univest Financial Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Univest Financial's Net Income for the three months ended in Sep. 2024 was $18.6 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $73.2 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Univest Financial's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $0.63.


Univest Financial Net Income Historical Data

The historical data trend for Univest Financial's Net Income 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.

* Premium members only.

Univest Financial Net Income Chart

Univest Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.72 46.92 91.80 78.12 71.10

Univest Financial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.02 16.25 20.31 18.11 18.58

Univest Financial Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Univest Financial's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=88.689+-17.585+0+1.4210854715202E-14
=71.1

Univest Financial's Net Income for the quarter that ended in Sep. 2024 is calculated as

Net Income(Q: Sep. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=23.388+-4.81+0+-3.5527136788005E-15
=18.6

Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $73.2 Mil.

* 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.


Univest Financial  (NAS:UVSP) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Univest Financial's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Univest Financial Net Income Related Terms

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Univest Financial Business Description

Traded in Other Exchanges
N/A
Address
14 North Main Street, Souderton, PA, USA, 18964
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 majority of its revenue from the banking segment.
Executives
Jeffrey M Schweitzer officer: EVP & CFO 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Michael S Keim officer: EVP & CFO 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Natalye Paquin director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Brian Jason Richardson officer: EVP & CFO 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Martin P. Connor director 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Todd S Benning director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Thomas M Petro director 14 NORTH MAIN STREET, PO BOX197, SOUDERTON PA 18964
Robert C Wonderling director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
William S Aichele director, officer: Director and President & CEO 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Roger H Ballou director C/O CDI CORP, 1717 ARCH ST 35TH FL, PHILADELPHIA PA 19103
Patrick C Mccormick officer: EVP & Chief Credit Officer 14 NORTH MAIN ST, PO BOX 197, SOUDERTON PA 18964
Duane J Brobst officer: Executive VP 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
K Leon Moyer officer: Senior Executive Vice Presiden 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Joseph P Beebe director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Glenn E Moyer director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964