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) January 24, 2007

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 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 January 24, 2007, Univest Corporation of Pennsylvania, parent company of Univest National Bank and Trust Co., issued a press release reporting 2006 fourth 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 January 24, 2007.

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: January 24, 2007

EX-99.1

CONTACT:	Kim Detwiler
	UNIVEST CORPORATION OF PENNSYLVANIA
	Vice President, Director of Corporate Communications
	215-721-8396

FOR IMMEDIATE RELEASE

UNIVEST CORPORATION OF PENNSYLVANIA - UNIVEST NATIONAL

BANK AND TRUST CO. - REPORTS FOURTH QUARTER EARNINGS

SOUDERTON, Pa., January 24, 2007 - Univest Corporation of Pennsylvania (listed on NASDAQ: UVSP), parent company of Univest National Bank and Trust Co. of Souderton, Pa., has reported net income of $6,611,000 or $0.51 basic net income per share for the fourth quarter ended December 31, 2006. This represents an increase of 3.4% in net income and 2.0% in basic net income per share over the $6,394,000 and $0.50 basic net income per share for the same period ended December 31, 2005. Diluted earnings per share for the fourth quarter ended December 31, 2006 was $0.51, which is a 2.0% increase over the same period ended December 31, 2005.

For the twelve months ended December 31, 2006, Univest Corporation reported net income of $25,377,000 or $1.96 basic net income per share compared to $24,867,000 or $1.93 basic net income per share reported for the twelve months ended December 31, 2005. This net income change represents an increase of 2.1%. Diluted earnings per share were $1.95 and $1.91 for the twelve months ended December 31, 2006 and 2005, respectively.

On January 2, 2007, Univest Corporation paid a quarterly cash dividend of $0.20 per share. This represents an increase of $0.01 or 5.3% over the same period last year.

Assets totaled $1.9 billion and shareholders’ equity totaled $185 million as of December 31, 2006.

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.

-MORE-

UNIVEST CORPORATION OF PENNSYLVANIA

Univest Corporation of Pennsylvania - Univest National Bank -

Reports Fourth Quarter Earnings

Page -2

Headquartered in Souderton, Pa., Univest Corporation of Pennsylvania serves the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester, and Montgomery counties through three principal subsidiaries.  Univest National Bank and Trust Co. offers customers 34 financial service centers, 12 retirement financial services centers, and 41 ATM locations throughout the region, and is the parent company of Vanguard Leasing, Inc., a small ticket commercial leasing business.  Univest Insurance, Inc., a full-service insurance agency headquartered in Lansdale, Pa., has two divisions in Chester County - Donald K. Martin & Company and B.G. Balmer & Co., Inc.  Univest Investments, Inc. offers a wide range of investment and trust products and services.

For more information on Univest Corporation, please visit www.univest.net.

###

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

(Unaudited)

($ in thousands, except per share data)

	For the Three Months Ended,
	Dec 31, 2006		Dec 31, 2005		% CHANGE
Net interest income	$	15,321	$	15,190		0.9	%
Provision for loan and lease losses	$	621	$	700		-11.3	%
Net interest income after provision for loan and lease losses	$	14,700	$	14,490		1.4	%
Net income	$	6,611	$	6,394		3.4	%
Net income per share:
Basic	$	0.51	$	0.50		2.0	%
Diluted	$	0.51	$	0.50		2.0	%
Dividends per share	$	0.20	$	0.19		5.3	%

	For the Twelve Months Ended,
	Dec 31, 2006		Dec 31, 2005		% CHANGE
Net interest income	$	61,515	$	59,238		3.8	%
Provision for loan and lease losses	$	2,215	$	2,109		5.0	%
Net interest income after provision for loan and lease losses	$	59,300	$	57,129		3.8	%
Net income	$	25,377	$	24,867		2.1	%
Net income per share:
Basic	$	1.96	$	1.93		1.6	%
Diluted	$	1.95	$	1.91		2.1	%
Dividends per share	$	0.78	$	0.72		8.3	%

	Dec 31, 2006		Dec 31, 2005		% CHANGE
Total assets	$	1,929,501	$	1,769,309		9.1	%
Total shareholders' equity	$	185,385	$	173,080		7.1	%
Total deposits	$	1,488,545	$	1,366,715		8.9	%

FOR MORE INFORMATION call Kim Detwiler, Vice President Corporate Communications at 215-721-8396.