Exhibit 99.1

CONTACT:	Mike Keim
	UNIVEST CORPORATION OF PENNSYLVANIA
	Chief Financial Officer
	215-721-2511, keimm@univest.net

FOR IMMEDIATE RELEASE

UNIVEST CORPORATION OF PENNSYLVANIA – UNIVEST

BANK AND TRUST CO. – REPORTS FIRST QUARTER EARNINGS

SOUDERTON, Pa., April 23, 2014 – Univest Corporation of Pennsylvania (“Univest”) (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today announced financial results for the quarter ended March 31, 2014. Univest reported net income of $5.7 million or $0.35 diluted earnings per share for the quarter ended March 31, 2014, a 6% increase from reported net income of $5.4 million or $0.32 diluted earnings per share for the quarter ended March 31, 2013.

Loans

Gross loans and leases increased $19.0 million or 1% from December 31, 2013 and $73.1 million or 5% from March 31, 2013. The growth in loans from December 31, 2013 was primarily in commercial business loans. The growth from March 31, 2013 occurred in commercial and residential real estate loans and equipment financing as economic conditions have slowly improved. While the longer-term economic outlook remains positive, household income and spending levels continue to remain stagnant. In the short-term, we anticipate that this will restrain overall credit demand and the utilization of available credit lines by both businesses and consumers.

Deposits

Total deposits declined $4.7 million from December 31, 2013 primarily due to a decrease in public funds partially offset by increases in non-interest bearing demand and savings deposits. Total deposits increased $25.2 million from March 31, 2013; the lower interest rate environment continues to result in a shift in consumer deposits from time deposits to noninterest-bearing and savings deposits.

Net Interest Income and Margin

Net interest income of $17.9 million for the first quarter of 2014 was consistent with the same period in 2013. The net interest margin on a tax-equivalent basis for the first quarter of 2014 increased 14 basis points to 3.96%, compared to 3.82% for both the fourth and first quarters of 2013. The increase in the first quarter net interest margin from the prior year was primarily attributable to the redemption of Univest’s trust preferred securities and termination of the related interest rate swap during the second quarter of 2013, maturities of higher yielding time deposits, a decline in the rate paid on time deposits and a reduction in lower yielding investment securities.

Non-Interest Income

Non-interest income for the quarter ended March 31, 2014 was $12.1 million, an increase of $666 thousand or 6% from the comparable period in the prior year. Investment advisory commission and fee income increased $1.2 million for the quarter primarily due to the acquisition of Girard Partners effective January 1, 2014. Insurance commission and fee income increased $809 thousand for the quarter, primarily due to an increase in contingency revenues and the acquisition of the John T. Fretz Insurance Agency on May 1, 2013. These favorable increases were partially offset by a $1.3 million decrease in the net gain on mortgage banking activities. Higher interest rates have reduced refinance activity while the harsh winter we experienced restrained purchase activity, leading to a 79% decline in funded loan volume in the first quarter of 2014 from the comparable period in 2013.

Non-Interest Expense

Non-interest expense for the quarter ended March 31, 2014 was $20.9 million, an increase of $647 thousand or 3% compared to the first quarter of 2013. Intangible expenses increased $551 thousand and salaries and benefit expense increased $811 thousand primarily attributable to the Girard and Fretz acquisitions. These unfavorable variances were partially offset by a decrease in commission expense of $525 thousand mainly due to the decline in mortgage banking activity. Premises and equipment expenses increased $507 thousand mainly due to increased costs related to computer equipment and software, snow removal, a new leased office location in the Lehigh Valley and the Girard acquisition. In addition, non-interest expense during the first quarter of 2013 included restructuring charges of $539 thousand.

Asset Quality and Provision for Loan and Lease Losses

Non-accrual loans and leases, including non-accrual troubled debt restructured loans, decreased to $19.3 million at March 31, 2014, from $23.2 million at December 31, 2013 and $28.9 million at March 31, 2013. The $3.9 million decrease in non-accrual loans from December 31, 2013 was mainly due to the sale of a commercial real estate loan for $2.5 million and the payoff of another commercial real estate loan for $1.3 million. Net loan and lease charge-offs were $1.4 million during the first quarter of 2014,

compared to $1.6 million for the first quarter of 2013. Non-accrual loans and leases as a percentage of total loans and leases held for investment were 1.24% at March 31, 2014 compared to 1.51% at December 31, 2013 and 1.94% at March 31, 2013.

Accruing troubled debt restructured loans decreased to $7.0 million at March 31, 2014 from $7.9 million at December 31, 2013 and $13.0 million at March 31, 2013. The decrease of $6.0 million from March 31, 2013 was primarily due to the payoff in December 2013 of a large shared national commercial real estate credit with an outstanding principal balance of $5.8 million.

The provision for loan and lease losses was $1.5 million for the first quarter of 2014, compared to $2.1 million for the first quarter of 2013. The allowance for loan and lease losses as a percentage of loans and leases held for investment was 1.57% at March 31, 2014 compared to 1.59% at December 31, 2013 and 1.70% at March 31, 2013. The allowance for loan and lease losses to nonaccrual loans and leases held for investment equaled 127.38% at March 31, 2014 compared to 105.42% at December 31, 2013 and 87.31% at March 31, 2013.

Capital

Univest continues to remain well-capitalized at March 31, 2014. Total risk-based capital at March 31, 2014 was 13.27%, well in excess of the regulatory minimum for well-capitalized status of 10%.

Share Repurchase Plan

During the quarter, Univest repurchased 110,671 shares of common stock at a cost of $2.0 million under its 2013 Board approved share repurchase program. Shares available for future repurchases under the plan totaled 689,329 at March 31, 2014. Total shares outstanding at March 31, 2014 were 16,249,152.

Dividend

On February 26, 2014, Univest declared a quarterly cash dividend of $0.20 per share, payable on April 1, 2014. This represented a 3.83% annualized yield based on the closing price of Univest’s stock on the date the dividend was paid.

About Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania (UVSP), including its wholly-owned subsidiary, Univest Bank and Trust Co., has $2.2 billion in assets and over $3.0 billion in assets under management and supervision through its Wealth Management lines of business. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. Univest delivers these services through a network of 40 offices in southeastern Pennsylvania extending to the Lehigh Valley, Maryland and online at www.univest.net.

# # #

This press release of Univest Corporation of Pennsylvania and the reports Univest Corporation of Pennsylvania files with the Securities and Exchange Commission often contain “forward-looking statements” relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Univest Corporation of Pennsylvania. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Univest Corporation of Pennsylvania’s future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce net interest margins; (3) changes in prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions; (5) legislative or regulatory changes that may adversely affect the businesses in which Univest Corporation of Pennsylvania is engaged; (6) technological issues which may adversely affect Univest Corporation of Pennsylvania’s financial operations or customers; (7) changes in the securities markets or (8) risk factors mentioned in the reports and registration statements Univest Corporation of Pennsylvania files with the Securities and Exchange Commission. Univest Corporation of Pennsylvania undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.

Univest Corporation of Pennsylvania

Consolidated Selected Financial Data

March 31, 2014

(Dollars in thousands)
Balance Sheet (Period End)	03/31/14			12/31/13			09/30/13			06/30/13			03/31/13
Assets	$	2,201,194		$	2,191,559		$	2,252,996		$	2,255,601		$	2,263,036
Investment securities		381,724			402,284			462,573			485,460			508,751
Loans held for sale		1,856			2,267			3,489			3,609			3,606
Loans and leases held for investment, gross		1,560,446			1,541,484			1,526,241			1,499,993			1,487,375
Allowance for loan and lease losses		24,567			24,494			24,835			24,718			25,222
Loans and leases held for investment, net		1,535,879			1,516,990			1,501,406			1,475,275			1,462,153
Total deposits		1,839,760			1,844,498			1,889,046			1,873,051			1,814,610
Noninterest-bearing deposits		426,430			411,714			394,983			398,906			380,447
NOW, money market and savings		1,145,994			1,161,995			1,204,281			1,175,129			1,127,643
Time deposits		267,336			270,789			289,782			299,016			306,520
Borrowings		41,486			37,256			46,733			66,007			124,895
Shareholders’ equity		283,296			280,506			274,754			279,588			284,784
Balance Sheet (Average)	For the three months ended,
	03/31/14			12/31/13			09/30/13			06/30/13			03/31/13
Assets	$	2,172,551		$	2,208,995		$	2,233,124		$	2,251,298		$	2,233,147
Investment securities		390,630			447,672			479,442			495,154			497,032
Loans and leases, gross		1,550,346			1,527,330			1,506,850			1,478,309			1,484,043
Deposits		1,823,589			1,858,905			1,875,578			1,812,100			1,790,108
Shareholders’ equity		282,574			275,983			280,245			284,491			285,558
Asset Quality Data (Period End)
	03/31/14			12/31/13			09/30/13			06/30/13			03/31/13
Nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and leases	$	19,287		$	23,235		$	23,974		$	25,207		$	28,887
Accruing loans and leases 90 days or more past due		581			413			1,954			521			366
Accruing troubled debt restructured loans and leases		7,036			7,943			14,106			13,696			13,037
Other real estate owned		1,650			1,650			1,650			1,650			3,616
Nonperforming assets		28,554			33,241			41,684			41,074			45,906
Allowance for loan and lease losses		24,567			24,494			24,835			24,718			25,222
Nonaccrual loans and leases / Loans and leases held for investment		1.24	%		1.51	%		1.57	%		1.68	%		1.94	%
Nonperforming loans and leases / Loans and leases held for investment		1.72	%		2.05	%		2.62	%		2.63	%		2.84	%
Allowance for loan and lease losses / Loans and leases held for investment		1.57	%		1.59	%		1.63	%		1.65	%		1.70	%
Allowance for loan and lease losses / Nonaccrual loans and leases held for investment		127.38	%		105.42	%		103.59	%		98.06	%		87.31	%
Allowance for loan and lease losses / Nonperforming loans and leases held for investment		91.31	%		77.53	%		62.03	%		62.70	%		59.64	%
	For the three months ended,
	03/31/14			12/31/13			09/30/13			06/30/13			03/31/13
Net loan and lease charge-offs	$	1,402		$	1,955		$	3,977		$	3,950		$	1,598
Net loan and lease charge-offs (annualized)/Average loans and leases		0.37	%		0.51	%		1.05	%		1.07	%		0.44	%

Univest Corporation of Pennsylvania

Consolidated Selected Financial Data

March 31, 2014

(Dollars in thousands, except per share data)
	For the three months ended,
For the period:	03/31/14		12/31/13		09/30/13			06/30/13			03/31/13
Interest income	$	18,946	$	19,172	$	19,457		$	19,461		$	19,489
Interest expense		998		1,080		1,138			1,353			1,546
Net interest income		17,948		18,092		18,319			18,108			17,943
Provision for loan and lease losses		1,475		1,614		4,094			3,446			2,074
Net interest income after provision		16,473		16,478		14,225			14,662			15,869
Noninterest income:
Trust fee income		1,899		2,054		1,736			1,779			1,734
Service charges on deposit accounts		1,014		1,118		1,149			1,098			1,086
Investment advisory commission and fee income		3,049		1,988		1,740			2,018			1,896
Insurance commission and fee income		3,332		2,172		2,309			2,391			2,523
Bank owned life insurance income		378		496		1,555			413			504
Net gain on sales of investment securities		142		439		1,426			1,339			185
Net gain on mortgage banking activities		349		476		935			1,416			1,696
Net gain (loss) on sales and write downs of other real estate owned		—		176		198			252			—
Loss on termination of interest rate swap		—		—		—			(1,866	)		—
Other income		1,978		2,197		2,154			2,151			1,851
Total noninterest income		12,141		11,116		13,202			10,991			11,475
Noninterest expense:
Salaries and benefits		10,671		10,542		9,761			9,359			9,860
Commissions		1,590		1,983		2,026			2,388			2,115
Premises and equipment		3,088		2,836		2,697			2,620			2,581
Professional fees		852		1,184		771			836			767
Intangible expenses		760		356		275			(683	)		209
Restructuring charges		—		—		(5	)		—			539
Other expense		3,922		4,722		4,463			4,766			4,165
Total noninterest expense		20,883		21,623		19,988			19,286			20,236
Income before taxes		7,731		5,971		7,439			6,367			7,108
Income taxes		2,005		1,049		1,400			1,537			1,710
Net income	$	5,726	$	4,922	$	6,039		$	4,830		$	5,398
Per common share data:
Book value per share	$	17.43	$	17.22	$	16.87		$	16.76		$	16.99
Net income per share:
Basic	$	0.35	$	0.30	$	0.36		$	0.29		$	0.32
Diluted	$	0.35	$	0.30	$	0.36		$	0.29		$	0.32
Dividends declared per share	$	0.20	$	0.20	$	0.20		$	0.20		$	0.20
Weighted average shares outstanding		16,256,047		16,283,466		16,657,916			16,696,362			16,788,152
Period end shares outstanding		16,249,152		16,287,812		16,288,597			16,683,009			16,762,695

Univest Corporation of Pennsylvania

Consolidated Selected Financial Data

March 31, 2014

	For the three months ended,
Profitability Ratios (annualized)	03/31/14			12/31/13			09/30/13			06/30/13			03/31/13
Return on average assets		1.07	%		0.88	%		1.07	%		0.86	%		0.98	%
Return on average shareholders’ equity		8.22	%		7.08	%		8.55	%		6.81	%		7.67	%
Net interest margin (FTE)		3.96	%		3.82	%		3.83	%		3.78	%		3.82	%
Efficiency ratio (1)		66.19	%		70.43	%		59.53	%		63.24	%		65.61	%
Capitalization Ratios
Dividends declared to net income		56.72	%		66.17	%		55.24	%		69.05	%		62.21	%
Shareholders’ equity to assets (Period End)		12.87	%		12.80	%		12.20	%		12.40	%		12.58	%
Tangible common equity to tangible assets		9.74	%		10.10	%		9.55	%		9.76	%		10.08	%
Regulatory Capital Ratios (Period End) (2)
Tier 1 leverage ratio		10.64	%		10.85	%		10.63	%		10.61	%		11.71	%
Tier 1 risk-based capital ratio		12.00	%		12.63	%		12.47	%		12.67	%		14.10	%
Total risk-based capital ratio		13.27	%		13.90	%		13.73	%		13.95	%		15.37	%

(1) Total operating expenses to net interest income before loan loss provision plus non-interest income adjusted for tax equivalent income.

(2) In accordance with regulatory guidance, the trust preferred securities were removed from Tier 1 Capital at June 30, 2013.

	Distribution of Assets, Liabilities and Shareholders’ Equity: Interest Rates and Interest  Differential
	For the Three Months Ended March 31,
Tax Equivalent Basis	2014								2013
	Average Balance			Income/ Expense		Average Rate			Average Balance			Income/ Expense		Average Rate
Assets:
Interest-earning deposits with other banks	$	25,403		$	14		0.22	%	$	48,347		$	35		0.29	%
U.S. Government obligations		131,302			331		1.02			174,408			477		1.11
Obligations of state and political subdivisions		107,756			1,456		5.48			121,686			1,579		5.26
Other debt and equity securities		151,572			720		1.93			200,938			895		1.81
Total interest-earning deposits and investments		416,033			2,521		2.46			545,379			2,986		2.22
Commercial, financial, and agricultural loans		392,173			3,898		4.03			438,434			4,676		4.33
Real estate—commercial and construction loans		591,064			6,888		4.73			544,865			6,658		4.96
Real estate—residential loans		282,002			2,558		3.68			257,435			2,455		3.87
Loans to individuals		38,646			584		6.13			42,781			596		5.65
Municipal loans and leases		175,149			2,121		4.91			134,450			1,716		5.18
Lease financings		71,312			1,632		9.28			66,078			1,557		9.56
Gross loans and leases		1,550,346			17,681		4.63			1,484,043			17,658		4.83
Total interest-earning assets		1,966,379			20,202		4.17			2,029,422			20,644		4.13
Cash and due from banks		29,949								32,275
Reserve for loan and lease losses		(25,326	)							(25,245	)
Premises and equipment, net		34,250								33,046
Other assets		167,299								163,649
Total assets	$	2,172,551							$	2,233,147
Liabilities:
Interest-bearing checking deposits	$	313,666		$	43		0.06		$	244,089		$	36		0.06
Money market savings		289,101			67		0.09			325,677			80		0.10
Regular savings		543,107			79		0.06			534,701			76		0.06
Time deposits		268,952			803		1.21			323,982			1,048		1.31
Total time and interest-bearing deposits		1,414,826			992		0.28			1,428,449			1,240		0.35
Short-term borrowings		39,631			6		0.06			102,444			17		0.07
Subordinated notes and capital securities		—			—		—			20,982			289		5.59
Total borrowings		39,631			6		0.06			123,426			306		1.01
Total interest-bearing liabilities		1,454,457			998		0.28			1,551,875			1,546		0.40
Noninterest-bearing deposits		408,763								361,659
Accrued expenses and other liabilities		26,757								34,055
Total liabilities		1,889,977								1,947,589
Shareholders’ Equity:
Common stock		91,332								91,332
Additional paid-in capital		65,270								64,721
Retained earnings and other equity		125,972								129,505
Total shareholders’ equity		282,574								285,558
Total liabilities and shareholders’ equity	$	2,172,551							$	2,233,147
Net interest income				$	19,204							$	19,098
Net interest spread							3.89								3.73
Effect of net interest-free funding sources							0.07								0.09
Net interest margin							3.96	%							3.82	%
Ratio of average interest-earning assets to average interest-bearing liabilities		135.20	%							130.77	%

Notes:	For rate calculation purposes, average loan and lease categories include unearned discount.
	Nonaccrual loans and leases have been included in the average loan and lease balances.
	Loans held for sale have been included in the average loan balances.
	Tax-equivalent amounts for the three months ended March 31, 2014 and 2013 have been calculated using the Corporation’s federal applicable rate of 35.0%.