Quarterly ResultApr 22, 2026, 04:17 PM
Univest Financial Q1 EPS Jumps 24.7% to $0.96; Dividend Up 4.5%
AI Summary
Univest Financial Corporation reported a significant increase in net income and diluted earnings per share for the first quarter of 2026. Net income rose to $27.1 million, with diluted EPS increasing by 24.7% to $0.96. The company also declared a 4.5% increase in its quarterly cash dividend to $0.23 per share. While total deposits saw a seasonal decrease from the prior quarter, gross loans and leases experienced modest growth, and net interest income improved by 11.6% year-over-year.
Key Highlights
- Net income for Q1 2026 was $27.1 million, up from $22.4 million in Q1 2025.
- Diluted EPS increased 24.7% to $0.96 in Q1 2026 from $0.77 in Q1 2025.
- Quarterly cash dividend increased by 4.5% to $0.23 per share.
- Gross loans and leases increased $25.4 million (0.4%) from December 31, 2025.
- Net interest income rose 11.6% to $63.4 million in Q1 2026 compared to Q1 2025.