Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania, incorporated on January 3, 1973, is the bank holding company of Univest Bank and Trust Co. (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment consists of commercial and consumer banking. The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions. The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines and human resources consulting. The Banking segment provides financial services to consumers, businesses and governmental units, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing. Lending Activities The Bank’s loan and lease portfolio includes commercial, financial and agricultural loans; real estate-commercial loans; real estate-construction loans; real estate-residential loans; loans to individuals, and lease financings. As of December 31, 2016, the Bank’s total loans and leases held for investment amounted to $3.29 billion. Investment Activities The Company’s investment activities include its investment securities portfolio. As of December 31, 2016, the Company’s investment securities portfolio included the United States treasuries, the United States Government corporations and agencies, states and political subdivisions, residential mortgage-backed securities, collateralized mortgage obligations, corporate bonds, money market mutual funds and equity securities. As of December 31, 2016, the Company’s total investment securities amounted to $468.52 million. Sources of Funds The Company’s primary funding source is core deposits. As of December 31, 2016, the Bank’s deposits included noninteresting-bearing deposits, interest-bearing checking deposits, money market savings, regular savings and time deposits. As of December 31, 2016, the Bank’s total deposits amounted to $2.78 billion.
Bank NameUnivest Corporation of Pennsylvania
Stock ExchangeLSE
SymbolUVSP
SectorFinancials
IndustryMajor Banks
CountryUnited States
World Region"North America "
Chairman
CEOMr. Jeffrey M. Schweitzer
Employees855
Websiteunivest.net
Registered Year1876

2017 2016 2015
  € m € m € m
Revenue
Total interest income 163 127 101
Total Interest Expenses 20 12 8
Net Interest income 143 114 93
Total Net Revenue 202 161 146
Earnings per share
Basic 1.64 0.85 1.39
Diluted 1.39 0.84 1.64
Assets
Total current assets
Other assets 1,08,246 99,948 71,560
Total assets 45,54,862 42,30,528 28,79,451
Total current liabilities
Total liabilities 39,51,488 37,25,319 25,17,877
Total Equity 6,03,374 5,05,209 3,61,574
Net income
Net cash provided by operating activities 69 33 36
Net cash used for investment activities 352 295 186
Net cash provided by financing activities 181 278 151
Source:http://www.univest.net
Currency in EUR, All numbers in million.

 

United Satets

 

Souderton
Covina