United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) April 23, 2003
UNIVEST CORPORATION OF PENNSYLVANIA
| Pennsylvania | 0-7617 | 23-1886144 | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Ident. No.) |
14 North Main Street, Souderton, Pennsylvania 18964
Registrant’s telephone number, including area code (215) 721-2400
Not applicable
Item 5. Other Events
April 23, 2003
FOR IMMEDIATE RELEASE
UNIVEST CORPORATION OF PENNSYLVANIA – UNIVEST NATIONAL BANK AND TRUST CO. – REPORTS FIRST QUARTER EARNINGS
Souderton, PA—Univest Corporation of Pennsylvania, parent company of Univest National Bank and Trust Co., has reported net income of $5,049,000 or $.59* basic net income
per share for the first quarter ended March 31, 2003. This represents an increase of 3.8% in net income and basic net income per share of 5.4% over the same period ended March 31, 2002.
On April 1, 2003, Univest Corporation paid a quarterly cash dividend of $.20* per share which represents an increase of 8.7% over the same period last year.
Diluted earnings per share was $.58 and $.55 per share for the three months ended March 31, 2003 and 2002 respectively.
Assets totaled $1,305,138,000 and net worth totaled $135,838,000 as of March 31, 2003.
Univest Corporation of Pennsylvania and its subsidiaries, Univest National Bank and Trust Co., Univest Insurance, Inc. and Univest Investments, Inc., provide community support, leadership, and strong performance in the financial services industry to over 20 Bucks and Montgomery County communities.
*Per share data has been restated to give effect to a twenty-five percent stock split effected in the form of a dividend declared on January 22, 2003 to shareholders of record as of February 7, 2003, payable on February 28, 2003.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Univest Corporation of Pennsylvania | ||||
| By | /s/ William S. Aichele | |||
| Name: | William S. Aichele | |||
| Title: | President and Chief Executive Officer | |||
| Date: April 28, 2003 | ||||
