Univest Financial Corporation (UVSP) financial statements (2021 and earlier)

Company profile

Business Address 14 NORTH MAIN STREET
SOUDERTON, PA 18964
State of Incorp. PA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12811275586139 
Cash and cash equivalents12510975586139 
Short-term investments32     
Disposal group, including discontinued operation     3 
Total current assets:12811275586142 
Noncurrent Assets
Operating lease, right-of-use asset34
Property, plant and equipment57606264423734
Intangible assets, net (including goodwill)1831851861891258066
Goodwill1731731731731136858
Intangible assets, net (excluding goodwill)1012141713128
Total noncurrent assets:274244248253167117100
Other undisclosed assets4,9794,6294,2313,9202,6512,0772,092
TOTAL ASSETS:5,3814,9844,5554,2312,8792,2352,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt19190105196   
Total current liabilities:19190105196   
Noncurrent Liabilities
Liabilities, other than long-term debt5546766
Pension and other postretirement defined benefit plans, liabilities6
Liability, pension and other postretirement and postemployment benefits554676
Total noncurrent liabilities:5546766
Other undisclosed liabilities4,6824,1653,8423,5232,5111,9451,905
Total liabilities:4,7064,3603,9513,7252,5181,9511,911
Stockholders' equity
Stockholders' equity attributable to parent675624603505362285281
Common stock1581581581451109191
Treasury stock, value(45)(46)(44)(45)(47)(37)(36)
Additional paid in capital2952922902301216362
Accumulated other comprehensive loss(22)(28)(18)(19)(17)(14)(10)
Retained earnings289248217195193182173
Total stockholders' equity:675624603505362285281
TOTAL LIABILITIES AND EQUITY:5,3814,9844,5554,2312,8792,2352,192

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues214190213173147119 
Net investment income21419016312710176 
Financial services revenue50474543 
Cost of revenue(9)(20)(10)(5)(4)(4)(11)
Provision for loan, lease, and other losses(9)(20)
Financial services costs(10)(5)(4)(4)(11)
Gross profit:206170204169143116(11)
Operating expenses (1)(102)(102)(69)(65)(47)
Other operating income, net
(Noninterest Income, Other Operating Income)
  10111
Operating income (loss):206170103667652(57)
Nonoperating income  43124
Investment income, nonoperating     1 
Gains on sales of other real estate    001
Bank owned life insurance income  43123
Interest and debt expense(45)(32)(20)(12)(8)(4)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(81)(76)(25)(34)(32)(21)86
Income from continuing operations before income taxes:80616223373027
Income tax expense(14)(10)(18)(4)(10)(7)(6)
Net income available to common stockholders, basic:66514420272221
Dilutive securities, effect on basic earnings per share(0)(0)(0)(0)(0)  
Net income available to common stockholders, diluted:65504419272221

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:66514420272221
Other comprehensive income (loss)7(6)2(3)(2)(5)(3)
Comprehensive income, net of tax, attributable to parent:72444617251818

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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