Univest Financial Corporation is a financial services provider with roots dating back to 1876, headquartered in Souderton, Pennsylvania. It offers a broad spectrum of banking, wealth management, and insurance services. Catering to individuals, businesses, and nonprofit organizations, Univest delivers everything from deposit and loan services to investment advisory and insurance solutions. Its commitment to serving the community is evident through its comprehensive offerings designed to meet a wide range of financial needs.
Heritage Financial leads today's dividend payments, sending about $10.2 million in cash to shareholders at 25 cents a share on August 19. Smaller community banks fill out the rest of the list, from Univest to Princeton Bancorp.
Univest Financial missed on both earnings and revenue as a $5.2M asset writedown and spike in nonperforming assets to $63M overshadowed 11% growth in net interest income, signaling credit stress beneath the surface.