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Univest posts 1Q profit

SOUDERTON, Pa. (AP) _ Univest Corp. of Pennsylvania (UVSP) on Wednesday reported first-quarter net income of $10.9 million.

The bank, based in Souderton, Pennsylvania, said it had earnings of 41 cents per share.

The holding company for Univest Bank and Trust Co. posted revenue of $53.4 million in the period. Its adjusted revenue was $49.3 million.

Univest shares have decreased slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.55, an increase of 46 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UVSP at https://www.zacks.com/ap/UVSP

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Keywords: Univest, Earnings Report