Univest Corporation of Pennsylvania

Financial Services advisory banks holding company insurance investment management mortgages

Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co. and operates banking, wealth management and insurance segments. The banking segment provides deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing. 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.

Revenue(FY, 2016)

$182.6 M

Market capitalization(2018-05-25)

$871.9 M

Total Loans(Q2, 2017)

$3.5 B

Type

Public

Souderton, US

Founded

1876

Size (employees)

840 (est)

Website

univest.net

Univest Corporation of Pennsylvania was founded in 1876 and is headquartered in Souderton, US

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Univest Corporation of Pennsylvania Office Locations

Univest Corporation of Pennsylvania has an office in Souderton

Souderton, US (HQ)

14 N Main St

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Univest Corporation of Pennsylvania Financials and Metrics

Univest Corporation of Pennsylvania Financials

Univest Corporation of Pennsylvania's revenue was reported to be $182.57 m in FY, 2016 which is a 18.2% increase from the previous period.

Summary

USD
Revenue (Q1, 2018)	59.1 m
Gross profit (Q1, 2018)	52.9 m
Gross profit margin (Q1, 2018), %	89.4%
Net income (Q1, 2018)	12.9 m
EBIT (Q1, 2018)	37.3 m
Market capitalization (25-May-2018)	871.9 m
Closing share price (25-May-2018)	29.7
Cash (31-Mar-2018)	34.8 m
EV	1.2 b

Univest Corporation of Pennsylvania's current market capitalization is $871.9 m.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	77.6 m	124.5 m	154.4 m	182.6 m
Revenue growth, %		61%	24%	18%
Cost of goods sold			8.1 m	12.4 m
Gross profit			146.3 m	170.2 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Revenue	38.9 m	38.4 m	39.6 m	40.1 m	50.8 m	53.4 m	56 m	59.1 m
Cost of goods sold	2.1 m	2.2 m	2.2 m	2.5 m	3.8 m	4.1 m	4.7 m	6.3 m
Gross profit	36.7 m	36.2 m	37.4 m	37.7 m	47 m	49.3 m	51.3 m	52.9 m
Gross profit Margin, %	95%	94%	94%	94%	92%	92%	92%	89%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	32.6 m	32 m	32.4 m	48.8 m
Accounts Receivable				397 m
PP&E	34.1 m	37 m	42.2 m	63.6 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Cash	46.5 m	44.5 m	48.9 m	29.7 m	27.3 m	32.3 m	32.1 m	31.3 m	36.4 m	43.4 m	44.7 m	48.8 m	34.8 m
PP&E	33.8 m	34.1 m	34 m	35.5 m	40.2 m	40.4 m	41.1 m	43.4 m	44.4 m	62.1 m	64.8 m	65.6 m	61.4 m
Goodwill	57.5 m	64.3 m	64.3 m	67.7 m	112.1 m	112.5 m	112.7 m	112.7 m	112.7 m	172.1 m	172.6 m	172.6 m	172.6 m
Total Assets	2.3 b	2.2 b	2.2 b	2.2 b	2.8 b	2.8 b	2.9 b	2.8 b	3.1 b	4.1 b	4.3 b	4.5 b	4.6 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	21.2 m	22.2 m	27.3 m	19.5 m
Cash From Operating Activities	32.8 m	31.9 m	35.6 m	33.3 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Net Income	16.3 m	5.7 m	10.8 m	17 m	6.1 m	12.6 m	20.1 m	7.3 m	12.5 m	12.6 m	10.9 m	22.6 m	12.9 m
Cash From Operating Activities	29.3 m	12.7 m	17.6 m	22.6 m	4.9 m	14.6 m	25.2 m	6.9 m	8.2 m	23.9 m	17.7 m	32.6 m	17.9 m
Cash From Investing Activities	(18.5 m)	5.3 m	12 m	(29.9 m)	(58.2 m)	(80.9 m)		54.8 m	(213.3 m)	(197.9 m)	(57.7 m)	(233.1 m)	(77.6 m)
Long-term Borrowings												(5 m)

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Ratios

USD	Y, 2018
EV/EBIT	32.4 x
EV/CFO	67.6 x
Financial Leverage	7.6 x

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Univest Corporation of Pennsylvania Operating Metrics

Univest Corporation of Pennsylvania's Total Loans was reported to be $3.5b in Q2, 2017.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017
Bank Branches	31				29				37
Non-accrual Loans	$17.34 m	$18.60 m	$17.70 m	$20.84 m	$14.18 m	$13.48 m	$13.27 m	$15.05 m	$17.92 m	$19.86 m	$20.17 m
Non-performing Loans	$23.26 m	$25.01 m	$24.08 m	$26.06 m	$19.81 m	$18.45 m	$18.43 m	$19.46 m	$22.16 m	$23.59 m	$32.22 m
Total Loans	$1.11 b	$2.04 b	$2.11 b	$2.10 b	$2.18 b	$2.18 b	$2.35 b	$3.19 b	$3.29 b	$3.34 b	$3.51 b