Univest Corporation of Pennsylvania - Union National & Pennview Savings Banks - Reports First Quarter Earnings

Apr 25, 2001, 01:00 ET from Univest Corporation of Pennsylvania

    SOUDERTON, Pa., April 25 /PRNewswire/ -- Univest Corporation of
 Pennsylvania (OTC Bulletin Board:   UVSP), parent company of Union National Bank
 and Trust Company of Souderton, PA and Pennview Savings Bank, has reported net
 income of $4,161,000 or $.58 basic net income per share for the first quarter
 ended March 31, 2001. This represents an increase of .87% in net income and
 basic net income per share of 5.5% over the same period ended March 31, 2000.
     On April 2, 2001, Univest Corporation paid a quarterly cash dividend of
 $.19 per share.
     Diluted earnings per share was $.58 and $.55 per share for the three
 months ended March 31, 2001 and 2000 respectively.
     Assets totaled $1,207,126,000 and net worth totaled $116,014,000 as of
 March 31, 2001.
     Univest Corp of Pennsylvania and its subsidiaries, Union National Bank and
 Trust Company of Souderton, PA, Pennview Savings Bank, Fin-Plan Group and
 George Becker Associates offer financial services and support to over 20
 Montgomery and Bucks County communities.
 
     UNIVEST CORP OF PENNSYLVANIA FINANCIAL SUMMARY HIGHLIGHTS ATTACHED.  FOR
 MORE INFORMATION call William S. Aichele, President and Chief Executive
 Officer, 215-721-2457.
 
                       Univest Corporation of Pennsylvania
                           Financial Summary Highlights
 
                      (In thousands, except per share data)
 
                                           For the Quarter Ended,
 
                                           March 31,   March 31,
                                             2001        2000      % CHANGE
 
 
     Net Interest Income                   $10,786     $10,855      -0.64%
 
     Provision for Loan Losses                 $15       $(173)    108.67%
 
     Net Interest Income After
       Provision for Loan Losses           $10,771     $11,028      -2.33%
 
     Net Income                             $4,161      $4,125       0.87%
 
     Net Income Per Share*:
 
     Basic                                   $0.58       $0.55       5.45%
 
     Diluted                                 $0.58       $0.55       5.45%
 
 
                                          March 31,  March 31,    % CHANGE
                                            2001        2000
     Total Assets                       $1,207,126  $1,138,730       6.01%
 
     Total Shareholders' Equity           $116,014    $104,409      11.11%
 
     Total Deposits                       $969,200    $930,792       4.13%
 
 
     FOR MORE INFORMATION call William S. Aichele, President and CEO at
 (215) 721-2457.
 
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SOURCE Univest Corporation of Pennsylvania
    SOUDERTON, Pa., April 25 /PRNewswire/ -- Univest Corporation of
 Pennsylvania (OTC Bulletin Board:   UVSP), parent company of Union National Bank
 and Trust Company of Souderton, PA and Pennview Savings Bank, has reported net
 income of $4,161,000 or $.58 basic net income per share for the first quarter
 ended March 31, 2001. This represents an increase of .87% in net income and
 basic net income per share of 5.5% over the same period ended March 31, 2000.
     On April 2, 2001, Univest Corporation paid a quarterly cash dividend of
 $.19 per share.
     Diluted earnings per share was $.58 and $.55 per share for the three
 months ended March 31, 2001 and 2000 respectively.
     Assets totaled $1,207,126,000 and net worth totaled $116,014,000 as of
 March 31, 2001.
     Univest Corp of Pennsylvania and its subsidiaries, Union National Bank and
 Trust Company of Souderton, PA, Pennview Savings Bank, Fin-Plan Group and
 George Becker Associates offer financial services and support to over 20
 Montgomery and Bucks County communities.
 
     UNIVEST CORP OF PENNSYLVANIA FINANCIAL SUMMARY HIGHLIGHTS ATTACHED.  FOR
 MORE INFORMATION call William S. Aichele, President and Chief Executive
 Officer, 215-721-2457.
 
                       Univest Corporation of Pennsylvania
                           Financial Summary Highlights
 
                      (In thousands, except per share data)
 
                                           For the Quarter Ended,
 
                                           March 31,   March 31,
                                             2001        2000      % CHANGE
 
 
     Net Interest Income                   $10,786     $10,855      -0.64%
 
     Provision for Loan Losses                 $15       $(173)    108.67%
 
     Net Interest Income After
       Provision for Loan Losses           $10,771     $11,028      -2.33%
 
     Net Income                             $4,161      $4,125       0.87%
 
     Net Income Per Share*:
 
     Basic                                   $0.58       $0.55       5.45%
 
     Diluted                                 $0.58       $0.55       5.45%
 
 
                                          March 31,  March 31,    % CHANGE
                                            2001        2000
     Total Assets                       $1,207,126  $1,138,730       6.01%
 
     Total Shareholders' Equity           $116,014    $104,409      11.11%
 
     Total Deposits                       $969,200    $930,792       4.13%
 
 
     FOR MORE INFORMATION call William S. Aichele, President and CEO at
 (215) 721-2457.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X36440717
 
 SOURCE  Univest Corporation of Pennsylvania