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Univest Reports Higher Q2 Earnings as Net Interest Margin and Noninterest Income Rise
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Univest Reports Higher Q2 Earnings as Net Interest Margin and Noninterest Income Rise
SOUDERTON, PA — Univest Financial Corporation (NASDAQ: UVSP) posted second-quarter net income of $20.0 million, or $0.69 per diluted share, up from $18.1 million, or $0.62 per share, in the same period last year. The earnings boost came largely from growth in net interest income and stable noninterest revenues, even as the bank navigated declining loan volumes and a sizable commercial loan charge-off. Lending and Deposits Total gross loans and l…
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