Univest Corporation of Pennsylvania announced consolidated earnings results for the fourth quarter and year ended December 31, 2013. The company reported net income of $4.9 million or $0.30 diluted earnings per share for the quarter ended December 31, 2013, a 3% decrease from reported net income of $5.1 million or $0.30 diluted earnings per share for the quarter ended December 31, 2012. Net interest income was $18.1 million for the fourth quarter of 2013 was consistent with the fourth quarter of 2012. Income before income taxes was $5,971,000 against $6,434,000 a year ago. Return on average assets was 0.88% against 0.89% a year ago. Return on average shareholders' equity was 7.08% against 7.04% a year ago.

Net income for the year ended December 31, 2013 was $21.2 million or $1.27 diluted earnings per share, a 2% increase in net income compared to $20.9 million or $1.24 diluted earnings per share for the comparable period in the prior year. Net interest income was $72.5 million for the year ended December 31, 2013 was consistent with the same period in 2012. Income before income taxes was $26,885,000 against $26,423,000 a year ago. Book value per share as at December 31, 2013 was $17.22. Return on average assets was 0.95% against 0.95% a year ago. Return on average shareholders' equity was 7.53% against 7.39% a year ago.

For the quarter, the company reported net loan and lease charge-offs were $1,955,000 against $4,732,000 a year ago.