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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22312811275586139
Cash and cash equivalents22012510975586139
Short-term investments332    
Disposal group, including discontinued operation      3
Total current assets:22312811275586142
Noncurrent Assets
Operating lease, right-of-use asset3434
Nontrade receivables15      
Property, plant and equipment56576062644237
Intangible assets, net (including goodwill)18118318518618912580
Goodwill17317317317317311368
Intangible assets, net (excluding goodwill)9101214171312
Total noncurrent assets:287274244248253167117
Other undisclosed assets5,8274,9794,6294,2313,9202,6512,077
TOTAL ASSETS:6,3365,3814,9844,5554,2312,8792,235
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1819190105196  
Total current liabilities:1819190105196  
Noncurrent Liabilities
Liabilities, other than long-term debt5554676
Liability, pension and other postretirement and postemployment benefits5554676
Total noncurrent liabilities:5554676
Other undisclosed liabilities5,6214,6824,1653,8423,5232,5111,945
Total liabilities:5,6444,7064,3603,9513,7252,5181,951
Stockholders' equity
Stockholders' equity attributable to parent692675624603505362285
Common stock15815815815814511091
Treasury stock, value(46)(45)(46)(44)(45)(47)(37)
Additional paid in capital29629529229023012163
Accumulated other comprehensive loss(22)(22)(28)(18)(19)(17)(14)
Retained earnings307289248217195193182
Total stockholders' equity:692675624603505362285
TOTAL LIABILITIES AND EQUITY:6,3365,3814,9844,5554,2312,8792,235

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues220214190213173147119
Net investment income20421419016312710176
Financial services revenue50474543
Cost of revenue(41)(9)(20)(10)(5)(4)(4)
Provision for loan, lease, and other losses(41)(9)(20)
Financial services costs(10)(5)(4)(4)
Gross profit:179206170204169143116
Operating expenses(30) (1)(102)(102)(69)(65)
Other operating income, net
(Noninterest Income, Other Operating Income)
6  1011
Operating income:155206170103667652
Nonoperating income3  4312
Investment income, nonoperating      1
Bank owned life insurance income3  4312
Interest and debt expense(30)(45)(32)(20)(12)(8)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes(71)(81)(76)(25)(34)(32)(21)
Income from continuing operations before income taxes:57806162233730
Income tax expense(10)(14)(10)(18)(4)(10)(7)
Net income available to common stockholders, basic:47665144202722
Dilutive securities, effect on basic earnings per share(0)(0)(0)(0)(0)(0) 
Net income available to common stockholders, diluted:47655044192722

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:47665144202722
Other comprehensive income (loss)(1)7(6)2(3)(2)(5)
Comprehensive income, net of tax, attributable to parent:46724446172518

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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