Q1 2021 Univest Financial Corp Earnings Call

That's right.

Yes.

Most of my questions been answered, but I just want to follow up on the.

On the question of.

Hiring lender.

I would imagine that.

There's a lot of competition or more even more so than usual for for good commercial lender in the footprint. So just wondering if that's been the case of it's been tougher.

You bring over team bring over individuals.

And.

Is that how does that impact of your expectations for loan growth or your expectations such that you anticipate hiring another.

Certain amount of individuals' per quarter or what are your thoughts on loan growth if you're able to.

Continue to hire people.

Or.

If that doesn't come to fruition I guess through the rest of the year.

So the first part of it Frank the competition for good quality people is always strong and I would tell you is the bigger impact on us as debt.

Because we're successful people would like to kind of after and grab where folks. So we're strongly defending our position and making sure that we keep our good folks because of that is really the secret sauce for our loan growth success is the quality of our folks we continue to get after it.

Feel that we can deliver that 7% to 8% that Brian referenced with our existing staff remember there is always a ramp up period as we add people anyway.

But.

There is no magic number for who we are trying to recruit I don't like to put a number on that what I'd like to do is say anytime that we can find of quality person that will add strength of our teams then we will add them.

But on a broader scale, we can deliver the 7% to 8% with the team that we have today.

Okay, great. Thank you.

Thank you thanks, Brian.

Thank you for two months.

So we have no further questions from the queue.

And I would like to hand, the conference both of those coupons when it goes on remarks.

Thank you, Chris and thank you everyone for joining us. This morning, we appreciate the.

Pension and participation on our call on the questions. We look forward to what looks to be a strong 2021 as the economy continues to open up and activity looks pretty robust in our markets and we look.

So definitely participate on that and look forward to talking to everybody again. After we release earnings for the second quarter have a great day.

Okay.

Thank you for your muscle.

Ladies and gentlemen, the conference is now concluded.

Thank you for attending today's presentation and you may now disconnect.

[music].

Q1 2021 Univest Financial Corp Earnings Call

Demo

Univest

Earnings

Q1 2021 Univest Financial Corp Earnings Call

UVSP

Thursday, April 29th, 2021 at 1:00 PM

Transcript

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