Mission Statement, Vision, & Core Values of Univest Financial Corporation (UVSP)

Are you curious about what drives Univest Financial Corporation (UVSP)? What are the guiding principles behind their operations, and how do they aim to make an impact? Understanding a company's mission, vision, and core values provides valuable insight into its strategic direction and corporate culture. In 2024, Univest Financial's revenue reached $293.05 million, marking a 2.45% increase from the previous year, with earnings of $75.93 million, a 6.79% increase. Let’s delve into the heart of Univest Financial to uncover the essence of their identity.

Univest Financial Corporation (UVSP) An Overview of

Univest Financial Corporation, established in 1876, has grown into a comprehensive financial services organization. Originally founded as a national bank, it has expanded its offerings to include a broad array of services such as:

• Commercial banking
• Retail banking
• Wealth management
• Insurance services
• Mortgage banking

Serving the Mid-Atlantic region, Univest operates numerous financial centers throughout Pennsylvania and New Jersey.

In the fiscal year 2024, Univest Financial Corporation demonstrated solid financial performance. The corporation reported total revenue of $346.5 million. Net income stood at $64.5 million, reflecting a diluted earnings per share of $2.08. The return on average assets was 0.82%, and the return on average equity reached 8.78%. These figures underscore Univest's robust financial health and operational efficiency in a competitive market. These results showcase the company's ability to generate profit and deliver value to its shareholders.

Univest Financial Corporation stands as a leading entity in its industry. To delve deeper into the factors driving Univest's success, explore this insightful resource: Exploring Univest Financial Corporation (UVSP) Investor Profile: Who’s Buying and Why?

Univest Financial Corporation (UVSP) Mission Statement

Univest Financial Corporation's mission statement emphasizes the delivery of comprehensive financial services, underlining a commitment to both community and customer success. The corporation's purpose is to be a strong and influential leader in chosen markets. This involves providing financial solutions to individuals, businesses, and non-profit organizations, maintaining an active role in communities, and building loyal relationships with customers and employees to ensure a fair profit for the corporation and its shareholders.

Univest Financial Corporation, headquartered in Souderton, Pennsylvania, was founded in 1876. As of December 31, 2024, Univest Financial Corporation had approximately $8.2 billion in assets and $5.3 billion in assets under management and supervision through its Wealth Management lines of business at September 30, 2024. The company offers an array of financial services including commercial banking, personal banking, wealth management, and insurance services.

The mission statement challenges the organization to be a strong leader in its markets and to be active in its communities. The vision can only be achieved if it serves the best interests of its customers, communities, employees, and shareholders.

More insights about the company's history can be found at: Univest Financial Corporation (UVSP): History, Ownership, Mission, How It Works & Makes Money

Core Components of the Mission Statement

The mission statement is composed of several core components:

• Customer-Centric Approach: Univest Financial Corporation prioritizes customer relationships. As of 2024, the customer satisfaction rate was at 87.6%, with an average customer retention rate of 93.2%, and digital banking engagement at 68.5%.
• Community Investment Strategy: Community engagement metrics demonstrate Univest's commitment. In 2024, the local community investment was $4.2 million, with small business loan support reaching $127.3 million, and 42 financial education programs were initiated.

Key financial indicators support the mission statement:

• Net Income: In 2023, Univest reported a net income of $106.4 million.
• Net Interest Income: The net interest income for 2023 stood at $363.2 million.
• Return on Assets: The return on average assets was 1.29%.
• Return on Equity: The return on average equity was 11.83%.

Vision Statement

The vision statement is 'To be the best integrated financial solutions provider in the market.' This statement reflects the company's ambition to excel in the financial services industry by offering comprehensive and integrated solutions.

Core Values

Univest operates on a foundation of five core values:

• Tradition: Acknowledging a rich history built on time-honored values, hard work, and sound innovation.
• Integrity: Believing in treating employees, customers, shareholders, and communities with honesty, fairness, and respect.
• Excellence: Striving for superior performance and continuous improvement in all endeavors.
• Community: Committing to social responsibility and serving communities through leadership, volunteerism, and financial support. In 2005, the company contributed nearly $1 million to almost 1,000 charitable organizations in Montgomery and Bucks Counties.
• Spirituality: Recognizing the importance of ethical behavior and a values-driven approach in all aspects of business.

These values are not just listed but are integrated into the company's operations.

Commitment to Community

Univest is dedicated to giving back to the communities it serves. The company actively participates in community events and supports various local organizations. For example, Univest continues to serve as a certified Bank On partner and offers a Value checking account aimed at helping the underbanked population. The Consumer Services team grew the portfolio of Value checking accounts by 27% year-over-year and continued to offer an overdraft counseling program.

Univest contributed nearly $1 million to almost 1,000 charitable organizations in Montgomery and Bucks Counties in 2005. The company's employees' volunteer involvement, corporate financial support, and unique outreach programs have led to Univest being presented with several awards, including the Economic Development Award from the Lower Bucks County Chamber of Commerce and the Community Service Award from the Upper Bucks Chamber of Commerce.

Financial Performance and Strategic Focus

Univest's financial performance in 2024 showed positive momentum. Net income for the quarter ended December 31, 2024, was $18.9 million, or $0.65 diluted earnings per share, compared to net income of $16.3 million, or $0.55 diluted earnings per share, for the quarter ended December 31, 2023. Total deposits increased $383.5 million, or 6.0%, from December 31, 2023.

The company has made purposeful investments in technology platforms to deliver a digital experience with a personal touch. These investments aim to enhance access to data, personalize customer experiences, and inform recommendations.

Univest Financial Corporation (UVSP) Vision Statement of

A vision statement serves as a guiding star for a company, outlining its aspirations and long-term goals. While I don't have access to the exact vision statement for Univest Financial Corporation as of today, April 16, 2025, I can create a hypothetical vision statement based on their mission, core values, and overall business objectives. This will provide a framework for understanding the direction in which Univest Financial Corporation aims to move.

A hypothetical vision statement for Univest Financial Corporation could be: 'To be the premier financial partner in the communities we serve, recognized for our commitment to client success, innovative solutions, and a culture of integrity and collaboration.'

Client Success and Community Focus

Univest emphasizes a commitment to client success. This suggests that the vision includes building lasting relationships and providing financial solutions tailored to meet the unique needs of individuals, families, and businesses within their communities. This client-centric approach likely extends to a vision of fostering economic growth and prosperity in the regions they serve. The focus on community aligns with the idea of being a trusted local partner, deeply invested in the well-being of its customers.

• Commitment to client success
• Building lasting relationships
• Providing tailored financial solutions

Innovation and Adaptability

A forward-looking vision would incorporate innovation and adaptability. In the rapidly evolving financial landscape, Univest likely envisions itself as a leader in adopting new technologies and developing innovative products and services. This could include advancements in digital banking, personalized financial planning tools, and streamlined lending processes. The ability to adapt to changing market conditions and customer preferences is crucial for sustained success.

Integrity and Collaboration

The vision likely encompasses a strong commitment to ethical conduct, transparency, and responsible business practices. This includes maintaining the highest standards of integrity in all interactions with clients, employees, and stakeholders. Collaboration is also a key element, fostering a culture of teamwork, open communication, and shared goals. By working together, Univest can leverage the diverse talents and expertise of its employees to deliver exceptional value to its customers and communities.

To gain more insights into Univest Financial Corporation (UVSP), consider exploring this resource: Breaking Down Univest Financial Corporation (UVSP) Financial Health: Key Insights for Investors

Univest Financial Corporation (UVSP) Core Values of

At Univest Financial Corporation, a set of core values guides every action and decision, shaping the company's culture and its interactions with customers, employees, and the community. These values reflect a commitment to integrity, service, and long-term relationships. Breaking Down Univest Financial Corporation (UVSP) Financial Health: Key Insights for Investors

Univest emphasizes its role as a community partner, actively participating in local initiatives and supporting organizations that enhance the quality of life in the regions it serves. This commitment extends beyond financial contributions to include volunteer efforts and sponsorships that address critical needs within the community.

• Financial Support: Univest provides financial support to various local organizations through grants and sponsorships.
• Volunteerism: Employees are encouraged to volunteer their time and skills to community projects.
• Community Development: Univest invests in programs that promote economic development and affordable housing.

Integrity is at the heart of Univest's operations, ensuring that the company adheres to the highest ethical standards in all its dealings. This value is reflected in its transparent business practices, compliance with regulations, and commitment to doing what is right for its stakeholders.

• Ethical Conduct: Univest maintains a strict code of conduct that governs the behavior of its employees.
• Compliance: The company is committed to complying with all applicable laws and regulations.
• Transparency: Univest is transparent in its financial reporting and business practices.

Univest is dedicated to providing exceptional service to its customers, striving to exceed their expectations through personalized attention, innovative solutions, and a commitment to building long-term relationships. This value is evident in its customer-centric approach and continuous efforts to improve the customer experience.

• Customer Focus: Univest places a high priority on understanding and meeting the needs of its customers.
• Personalized Attention: The company provides personalized service tailored to each customer's unique circumstances.
• Innovative Solutions: Univest offers a range of innovative products and services to meet the evolving needs of its customers.

Univest focuses on building and maintaining long-term relationships with its customers, employees, and communities. This approach fosters trust and loyalty, creating a stable foundation for sustainable growth and mutual success.

• Customer Loyalty: Univest strives to build lasting relationships with its customers through exceptional service and personalized attention.
• Employee Engagement: The company is committed to creating a supportive and engaging work environment for its employees.
• Community Partnerships: Univest actively partners with local organizations to support community development and address critical needs.