Univest Financial Corporation Reports First Quarter Results

Univest Financial reported Q1 diluted EPS of $0.96, a 24.7% increase from the year-ago period, driven by an 11.6% rise in net interest income and margin expansion to 3.33%. The board raised the quarterly dividend by 4.5% to $0.23 per share and repurchased 351,138 shares during the quarter at an average price of $33.70.

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