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) July 26, 2006

UNIVEST CORPORATION OF PENNSYLVANIA

(Exact name of registrant as specified in its charter)

Pennsylvania	0-7617	23-1886144
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	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):

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

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

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

o 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 July 26, 2006, Univest Corporation of Pennsylvania, parent company of Univest National Bank and Trust Co., issued a press release reporting 2006 second 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 July 26, 2006.

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
	Title: Senior Executive Vice President, Chief Financial Officer, Chief Operation Officer, and Corporate Secretary

Date: July 26, 2006

EX-99.1

CONTACT: William S. Aichele UNIVEST CORPORATION OF PENNSYLVANIA Chairman, President and CEO 215-721-2457

FOR IMMEDIATE RELEASE

UNIVEST CORPORATION OF PENNSYLVANIA - UNIVEST NATIONAL BANK

AND TRUST CO. REPORTS SECOND QUARTER EARNINGS

Souderton, Pa, July 26, 2006 — Univest Corporation of Pennsylvania (listed on NASDAQ: UVSP), parent company of Univest National Bank and Trust Co., has reported net income of $6,015,000 or $0.47 basic net income per share for the second quarter ended June 30, 2006. This represents an increase of 0.25% in net income over the same period ended June 30, 2005. Basic earnings per share were $0.47 and diluted earnings per share were $0.46 for both three month periods ended June 30, 2006 and 2005. Assets totaled $1,851,573,000 and shareholders’ equity totaled $178,116,000 as of June 30, 2006.

For the six months ended June 30, 2006, Univest reported net income of $12,229,000 or $0.95 basic net income per share compared to $11,771,000 or $0.91 basic net income per share reported for the six months ended June 30, 2005. This net income change represents an increase of 3.9%. Diluted earnings per share were $0.94 and $0.90 for the six months ended June 30, 2006 and 2005 respectively.

On July 3, 2006, Univest Corporation paid a quarterly cash dividend of $0.19 per share to shareholders of record as of June 5, 2006. This is an increase of $0.02 or 11.8% over the same period last year.

Following Univest’s stock and overall trends in the industry is convenient for investors and shareholders. 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 was founded in Souderton, Pa. and celebrates its 130^th anniversary in 2006. Univest and its subsidiaries, Univest National Bank and Trust Co., Univest Insurance, Inc., and Univest Investments, Inc., provide support and leadership in their communities and offer a wide range of financial services to individuals, businesses, municipalities and non-profit organizations. Univest serves Bucks, Montgomery, and Chester counties through 34 financial service centers, 12 retirement community financial service centers, and 39 ATM locations.

# # #

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

Univest Corporation of Pennsylvania

Financial Summary Highlights

(Unaudited)

($ in thousands, except per share data)

	For the Three Months Ended,
	June 30, 2006		June 30, 2005		% CHANGE
	(UNAUDITED)		(UNAUDITED)
Net interest income	$	15,555	$	14,660		6.11	%
Provision for loan losses	$	515	$	450		14.44	%
Net interest income after
provision for loan losses	$	15,040	$	14,210		5.84	%
Net income	$	6,015	$	6,000		0.25	%
Net income per share:
Basic	$	0.47	$	0.47		-
Diluted	$	0.46	$	0.46		-
Dividends per share	$	0.19	$	0.17		11.76	%

	For the Six Months Ended,
	June 30, 2006		June 30, 2005		% CHANGE
	(UNAUDITED)		(UNAUDITED)
Net interest income	$	30,547	$	28,847		5.89	%
Provision for loan losses	$	1,026	$	900		14.00	%
Net interest income after
provision for loan losses	$	29,521	$	27,947		5.63	%
Net income	$	12,229	$	11,771		3.89	%
Net income per share:
Basic	$	0.95	$	0.91		4.40	%
Diluted	$	0.94	$	0.90		4.44	%
Dividends per share	$	0.38	$	0.34		11.76	%

	June 30, 2006		June 30, 2005		% CHANGE
	(UNAUDITED)		(UNAUDITED)
Total assets	$	1,851,573	$	1,699,635		8.94	%
Total shareholder's equity	$	178,116	$	167,158		6.56	%
Total deposits	$	1,439,777	$	1,316,397		9.37	%