8-K

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 28, 2004

UNIVEST CORPORATION OF PENNSYLVANIA

(Exact name of registrant as specified in its charter)

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

(Address of principal executive office)(Zip Code)

Registrant’s telephone number, including area code (215) 721-2400

Not applicable
(Former name or former address, if changed since last report)

TABLE OF CONTENTS

	Item 7. Financial Statements and Exhibits
	Item 12. Results of Operations and Financial Condition
SIGNATURE
EARNINGS RELEASE DATED APRIL 28, 2004

Item 7. Financial Statements and Exhibits

(c) Exhibits

99 — Earnings Release dated April 28, 2004 of Univest Corporation of Pennsylvania.

Item 12. Results of Operations and Financial Condition

     The information in this Current Report shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subjected to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

     On April 28, 2004, Univest Corporation of Pennsylvania, parent company of Univest National Bank and Trust Co., issued a press release reporting first quarter earnings. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.

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/ Wallace H. Bieler
	Name:	Wallace H. Bieler
Date: April 29, 2004	Title:	Sr. Executive Vice President, and Chief Financial Officer

EX-99

Exhibit 99

CONTACT:	William S. Aichele
	UNIVEST CORPORATION OF PENNSYLVANIA
	215-721-2457

FOR IMMEDIATE RELEASE

UNIVEST CORPORATION OF PENNSYLVANIA — UNIVEST NATIONAL BANK AND TRUST
CO. — REPORTS SOLID FIRST QUARTER EARNINGS

     Souderton, Pa, April 28, 2004-Univest Corporation of Pennsylvania (listed on NASDAQ: UVSP), parent company of Univest National Bank and Trust Co., has reported net income of $5,450,000 or $.64 basic net income per share for the first quarter ended March 31, 2004. This represents an increase of 7.9% in net income and basic net income per share of 8.5% over the same period ended March 31, 2003.

     On April 1, 2004, Univest Corporation paid a quarterly cash dividend of $.25 per share which represents an increase of 25% over the same period last year.

     Diluted earnings per share were $.62 and $.58 per share for the three months ended March 31, 2004 and 2003 respectively.

     Assets totaled $1,624,403,000 and net worth totaled $150,921,000 as of March 31, 2004.

     Following Univest’s stock and overall trends in the industry is more convenient for investors and shareholders than ever before. In January 2004, Univest added a new investor relation’s link from its website found at www.univest.net. The site features includes financial highlights, detailed peer analysis, deposit market share data, and other valuable information.

     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. Univest serves residents and businesses in Bucks and Montgomery counties through a network of 36 financial service centers and 43 ATM locations.

Univest Corporation of Pennsylvania
Financial Summary Highlights
(Unaudited)
(In thousands, except per share data)

	For the Quarter Ended,
	March 31, 2004		March 31, 2003		% CHANGE
Net interest income	$	13,901	$	11,661		19.21	%
Provision for loan losses	$	674	$	400		68.50	%
Net interest income after provision for loan losses	$	13,227	$	11,261		17.46	%
Net income	$	5,450	$	5,049		7.94	%
Net income per share:
Basic	$	0.64	$	0.59		8.47	%
Diluted	$	0.62	$	0.58		6.90	%
Dividends per share	$	0.25	$	0.20		25.00	%

	March 31, 2004		March 31, 2003		% CHANGE
Total assets	$	1,624,403	$	1,305,904		24.39	%
Total shareholders’ equity	$	150,921	$	136,604		10.48	%
Total deposits	$	1,233,776	$	1,035,573		19.14	%

FOR MORE INFORMATION call William S. Aichele, President and CEO at (215) 721-2457.