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Univest Financial Corporation  (UVSP)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

UVSP's Revenue Growth by Quarter and Year

Univest Financial's Revenue results by quarter and year




UVSP Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 69.45 76.96 65.33 72.59
III Quarter September 70.26 72.65 69.42 61.72
II Quarter June 70.74 63.80 67.05 37.78
I Quarter March 75.61 70.58 79.95 39.80
FY   286.06 283.99 281.75 211.89



UVSP Revenue fourth quarter 2023 Y/Y Growth Comment
Univest Financial Corporation reported decrease in Revenue in the fourth quarter 2023 by -9.76% to $ 69.45 millions, from the same quarter in 2022.
The decrease in the fourth quarter 2023 Univest Financial Corporation's Revenue compares unfavorably to the Company's average Revenue increase of 11.19%.

Looking into fourth quarter 2023 results within Regional Banks industry 7 other companies have achieved higher Revenue growth. While Univest Financial Corporation' s Revenue decline of -9.76% ranks overall at the positon no. 670 in the fourth quarter 2023.




UVSP Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -9.76 % 17.8 % -10 % 28.77 %
III Quarter September -3.29 % 4.65 % 12.48 % 6.95 %
II Quarter June 10.88 % -4.85 % 77.47 % -33.63 %
I Quarter March 7.13 % -11.72 % 100.88 % -27.82 %
FY   0.73 % 0.8 % 32.97 % -6.3 %

Financial Statements
Univest Financial's fourth quarter 2023 Revenue $ 69.45 millions UVSP's Income Statement
Univest Financial's fourth quarter 2022 Revenue $ 76.96 millions Quarterly UVSP's Income Statement
New: More UVSP's historic Revenue Growth >>


UVSP Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -1.15 % 5.93 % -5.89 % 17.61 %
III Quarter September -0.68 % 13.87 % 3.53 % 63.37 %
II Quarter June -6.44 % -9.61 % -16.14 % -5.08 %
I Quarter March -1.75 % 8.04 % 10.14 % -29.4 %
FY (Year on Year)   0.73 % 0.8 % 32.97 % -6.3 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #8
Financial Sector #133
Overall #670

Revenue Y/Y Growth Statistics
High Average Low
47.69 % 11.19 % -13.21 %
(Sep 30 2021)   (Sep 30 2020)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #8
Financial Sector #133
Overall #670
Revenue Y/Y Growth Statistics
High Average Low
47.69 % 11.19 % -13.21 %
(Sep 30 2021)   (Sep 30 2020)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Univest Financial's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
63.37 % 3.02 % -29.39 %
(Sep 30 2020)  


UVSP's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Univest Financial Corporation disclosed decrease in Revenue from the previous quarter by -1.15% to $ 69.45 millions, from $ 70.26 millions declared a quarter before.

Albeit seasonal influence usually energize IV. Quarter 2023 performance, it plainly could not be sufficient to rescue UVSP's IV. Quarter 2023 outcome, Leah Ramsey, Regional Banks industry contributor said.

Within Regional Banks industry 11 other companies have achieved higher Revenue quarter on quarter growth. While Univest Financial's Revenue growth quarter on quarter, overall rank is 815.


Revenue Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #12
Financial Sector #164
Overall #815
Revenue Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #12
Financial Sector #164
Overall #815
Revenue Q/Q Growth Statistics
High Average Low
63.37 % 3.02 % -29.39 %
(Sep 30 2020)  


UVSP's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Univest Financial Corporation disclosed decrease in Revenue sequentially by -1.15% to $ 69.45 millions, from $ 70.26 millions released a quarter before.

Some cyclical factors have not recover the IV. Quarter for the Univest Financial Corporation, Leah Ramsey, Regional Banks industry contributor pointed out and wrote that average sequential Revenue growth is at 3.02% for the Regional Banks's company.

Within Regional Banks industry 11 other companies have achieved higher Revenue quarter on quarter growth. While Univest Financial's Revenue growth quarter on quarter, overall rank is 815.


Univest Financial's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Revenue 12 Months Ending $ 286.05 $ 293.56 $ 295.95 $ 289.01 $ 283.98
Y / Y Revenue Growth (TTM) 0.73 % 7.79 % 9.97 % 6.11 % 0.8 %
Year on Year Revenue Growth Overall Ranking # 802 # 623 # 486 # 399 # 444
Seqeuential Revenue Change (TTM) -2.56 % -0.81 % 2.4 % 1.77 % 4.27 %
Seq. Revenue Growth (TTM) Overall Ranking # 670 # 512 # 458 # 2509 # 1939




Cumulative Revenue growth Comment
With the quarterly Revenue reported in the Dec 31 2023 period, Univest Financial's cumulative twelve months Revenue were $ 286 millions, company would post below average annual Revenue growth of 4.27% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the Univest Financial's Revenue growth from the 70.26% growth in Sep 30 2023.

In the Financial sector 168 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 623 to 802.

Revenue TTM Q/Q Growth Statistics
High Average Low
47.69 %
11.19 %
-13.21 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 8
Financial Sector # 169
Overall # 802

Revenue TTM Y/Y Growth Statistics
High Average Low
47.69 %
11.19 %
-13.21 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 8
Sector # 133
S&P 500 # 670
Cumulative Revenue growth Comment
With the quarterly Revenue reported in the Dec 31 2023 period, Univest Financial's cumulative twelve months Revenue were $ 286 millions, company would post below average annual Revenue growth of -13.21% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the Univest Financial's Revenue growth from the 70.26% growth in Sep 30 2023.

In the Financial sector 168 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 623 to 802.

Revenue TTM Q/Q Growth Statistics
High Average Low
47.69 %
11.19 %
-13.21 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 8
Financial Sector # 169
Overall # 802

Revenue TTM Y/Y Growth Statistics
High Average Low
47.69 %
11.19 %
-13.21 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 8
Sector # 133
S&P 500 # 670




Other Revenue Growth
Regional Banks Industry Revenue Growth Trends and Statistics
Financial Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
UVSP's Revenue Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for UVSP's Competitors
Revenue Growth for Univest Financial's Suppliers
Revenue Growth for UVSP's Customers

You may also want to know
UVSP's Annual Growth Rates UVSP's Profitability Ratios UVSP's Asset Turnover Ratio UVSP's Dividend Growth
UVSP's Roe UVSP's Valuation Ratios UVSP's Financial Strength Ratios UVSP's Dividend Payout Ratio
UVSP's Roa UVSP's Inventory Turnover Ratio UVSP's Growth Rates UVSP's Dividend Comparisons



Companies with similar Revenue decrease for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Revenue for the quarter ending Dec 31 2023
Ameris Bancorp-0.08%$ -0.083 millions
Hilltop Holdings Inc -0.22%$ -0.224 millions
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Capital Bancorp Inc-0.75%$ -0.747 millions
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Alpine Income Property Trust inc -0.99%$ -0.992 millions
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C and F Financial Corporation-1.29%$ -1.293 millions
Baycom Corp-1.36%$ -1.362 millions
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Sba Communications Corporation-1.61%$ -1.613 millions
Independent Bank Corporation-1.69%$ -1.687 millions
Barclays Bank Plc-1.93%$ -1.934 millions
Red River Bancshares Inc -2.09%$ -2.095 millions
Jbg Smith Properties-2.10%$ -2.097 millions
Sumitomo Mitsui Financial Group Inc -2.10%$ -2.102 millions
Franklin Financial Services Corporation-2.12%$ -2.118 millions
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Cnb Financial Corp-2.29%$ -2.287 millions
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Mgic Investment Corp-2.84%$ -2.839 millions




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