Exhibit 12.1

Univest Corporation of Pennsylvania

Computation of Consolidated Ratios of Earnings to Fixed Charges

	Nine Months Ended September 30, 2017		Years Ended December 31,
(Dollars in thousands)			2016		2015		2014		2013		2012
Ratio of earnings to fixed charges:
Excluding Interest Paid on Deposits:
Earnings before income taxes (1)	$	46,385	$	23,386	$	37,026	$	29,679	$	26,885	$	26,423
Combined fixed charges:
Interest expense on borrowed funds		6,408		5,167		2,058		32		531		1,536
Total fixed charges (2)		6,408		5,167		2,058		32		531		1,536
Earnings before income taxes and fixed charges (1)	$	52,793	$	28,552	$	39,084	$	29,711	$	27,416	$	27,959
Ratio of earnings to fixed charges		8.24x		5.53x		18.99x		928.47x		51.63x		18.20x
Including Interest Paid on Deposits:
Earnings before income taxes (1)	$	46,385	$	23,386	$	37,026	$	29,679	$	26,885	$	26,423
Combined fixed charges:
Interest expense on deposits		7,720		7,215		6,007		3,964		4,586		6,638
Interest expense on borrowed funds		6,408		5,167		2,058		32		531		1,536
Total fixed charges (2)		14,128		12,382		8,065		3,996		5,117		8,174
Earnings before income taxes and fixed charges (1)	$	60,514	$	35,768	$	45,091	$	33,675	$	32,002	$	34,597
Ratio of earnings to fixed charges		4.28x		2.89x		5.59x		8.43x		6.25x		4.23x

(1) Represents consolidated income from continuing operations before income taxes plus fixed charges.

(2) Fixed charges represent interest expense, including interest credited on deposits products where indicated, and amortization of bond issue costs.