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 Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 27, 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)	(CommissionFile Number)	(I.R.S. Employer Identification 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)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2 (b))

[ ] Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c))

Item 2.02 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 October 27, 2004, Univest Corporation of Pennsylvania, parent company of Univest National Bank and Trust Co., issued a press release reporting third quarter earnings. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit No.	Description of Document
99.1	Press release issued by Univest Corporation of Pennsylvania on October 27, 2004.

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
Date: October 27, 2004	By:	/s/ Wallace H. Bieler
		Name: Wallace H. Bieler
		Title Sr. Executive Vice President, and Chief Financial Officer

EX-99.1

Exhibit 99.1

CONTACT:	William S. Aichele
	UNIVEST CORPORATION OF PENNSYLVANIA
	President and Chief Executive Officer
	215-721-2457
FOR IMMEDIATE RELEASE

UNIVEST CORPORATION OF PENNSYLVANIA - UNIVEST NATIONAL BANK

AND TRUST CO. - REPORTS THIRD QUARTER EARNINGS

SOUDERTON, Pa, October 27, 2004—Univest Corporation of Pennsylvania (listed on NASDAQ: UVSP), parent company of Univest National Bank and Trust Co., has reported net income of $5,889,000 or $.69 basic net income per share for the third quarter ended September 30, 2004.

For the nine month period ended September 30, 2004, Univest Corporation reported net income of $16,928,000 or $1.98 basic net income per share compared to $16,563,000 or $1.94 basic net income per share reported for the nine months ended September 30, 2003. This net income change represents an increase of 2.2%. Diluted earnings per share were $1.94 and $1.92 for the nine months ended September 30, 2004 and 2003 respectively. This diluted earnings change represents an increase of 1.0%.

On October 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.

Assets totaled $1,638,381,000 and net worth totaled $156,075,000 as of September 30, 2004.

Following Univest’s stock and overall trends in the industry is more convenient for investors and shareholders than ever before. Univest’s investor relations link, found on its web site at www.univest.net, features 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 39 ATM locations.

# # #

UNIVEST CORPORATION OF PENNSYLVANIA

Univest Corporation of Pennsylvania - Univest National Bank -

Reports Third Quarter Earnings

Page 2

This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the Company's financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the company's filings with the Securities and Exchange Commission.

UNIVEST CORPORATION OF PENNSYLVANIA FINANCIAL SUMMARY HIGHLIGHTS ATTACHED. FOR MORE INFORMATION call William S. Aichele, President and Chief Executive Officer, 215-721-2457.

Univest Corporation of Pennsylvania

Financial Summary Highlights

(UNAUDITED)

(In thousands, except per share data)

	For the Third Quarter Ended,
		Sept 30, 2004		Sept 30, 2003		% CHANGE
Net interest income		$	14,013	$	13,015	7.67	%
Provision for loan losses		$	474	$	500	-5.20	%
Net interest income after provision for loan losses		$	13,539	$	12,515	8.18	%
Net income		$	5,889	$	6,009	-2.00	%
Net income per share:
Basic		$	0.69	$	0.70	-1.43	%
Diluted		$	0.68	$	0.70	-2.86	%
Dividends per share		$	0.25	$	0.20	25.00	%
		For the Nine Months Ended,
		Sept 30, 2004		Sept 30, 2003		% CHANGE
Net interest income		$	41,782	$	36,867	13.33	%
Provision for loan losses		$	1,306	$	900	45.11	%
Net interest income after provision for loan losses		$	40,476	$	35,967	12.54	%
Net income		$	16,928	$	16,563	2.20	%
Net income per share:
Basic		$	1.98	$	1.94	2.06	%
Diluted		$	1.94	$	1.92	1.04	%
Dividends per share		$	0.75	$	0.60	25.00	%
		Sept 30, 2004		Sept 30, 2003		% CHANGE
Total assets		$	1,638,381	$	1,581,216	3.62	%
Total shareholders' equity		$	156,075	$	142,164	9.79	%
Total deposits		$	1,239,063	$	1,211,784	2.25	%

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