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Today, Kroll Bond Rating Agency (KBRA) reaffirmed its credit ratings for Univest Financial Corporation and its subsidiary, Univest Bank and Trust Co., signaling a stable financial outlook for the institutions. The ratings agency upheld Univest Financial Corporation’s senior unsecured debt rating at BBB+, subordinated debt rating at BBB, and a short-term debt rating of K2. Likewise, Univest Bank and Trust Co.’s deposit rating remains at A-, with the same rating for senior unsecured debt, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2. According to InvestingPro data, the company maintains a healthy financial position with a moderate debt-to-equity ratio of 0.47 and has consistently paid dividends for 47 consecutive years.
The affirmation of these ratings reflects KBRA’s confidence in the stability and creditworthiness of Univest Financial Corporation and its banking subsidiary. These ratings are crucial for investors and customers alike, indicating the institutions’ ability to meet their financial commitments. The company’s solid financial performance is evidenced by its attractive 3.15% dividend yield and impressive 49.02% one-year total return.
Univest Financial Corporation, headquartered in Souderton, Pennsylvania, operates under the NASDAQ with the trading symbol UVSP. The company’s consistent performance and adherence to financial obligations contribute to its stable ratings outlook.
This financial update is based on a press release statement filed with the Securities and Exchange Commission on April 16, 2025, and provides investors with the latest insights into the company’s creditworthiness as assessed by an independent rating agency. The stable ratings outlook is an important indicator of Univest Financial’s financial health and its potential to maintain a solid market position moving forward.
In other recent news, Univest Financial Corporation reported strong fourth-quarter 2024 earnings, outperforming analyst expectations with an earnings per share (EPS) of $0.65, compared to the forecasted $0.55. The company’s revenues also surpassed predictions, reaching $76.8 million against the anticipated $73.45 million. These results were bolstered by significant loan growth of $95.8 million and an increase of $104 million in consumer and commercial deposits. Univest’s diversified business model contributed to a 14.6% rise in non-interest income year-over-year. Despite these positive earnings results, the company’s stock experienced a slight decline in after-hours trading. Looking ahead, Univest projects loan growth between 3% and 5% in 2025, with net interest income expected to rise by 5% to 7%. Additionally, Piper Sandler analysts discussed potential influences on Univest’s net interest income, noting that a steeper yield curve could benefit the company. Univest remains cautious about mergers and acquisitions, focusing on strategic opportunities that align with their growth objectives.
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