SOUDERTON, Pa. (AP) _ Univest Corp. of Pennsylvania (UVSP) on Wednesday reported second-quarter profit of $2.1 million.
The bank, based in Souderton, Pennsylvania, said it had earnings of 7 cents per share.
The holding company for Univest Bank and Trust Co. posted revenue of $68 million in the period. Its revenue net of interest expense was $61.5 million, exceeding Street forecasts.
Univest shares have declined 43% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.16, a decrease of 40% in the last 12 months.