Quarterly ResultJul 28, 2026, 02:26 PM
UNIVEST FINANCIAL Q2 Net Income $22.95M, EPS $0.83
AI Summary
UNIVEST FINANCIAL Corp reported a strong second quarter for 2026, with net income increasing by 14.89% to $22.95 million and basic earnings per share rising by 20.29% to $0.83. Net interest income grew by 11.26% to $66.25 million, while the provision for credit losses significantly decreased by 53.08%. The company also increased its cash dividends declared for the first six months of 2026 to $0.45 per share and substantially increased treasury stock purchases.
Key Highlights
- Net income for Q2 2026 increased 14.89% to $22.95 million from $19.98 million in Q2 2025.
- Basic earnings per share for Q2 2026 rose 20.29% to $0.83 from $0.69 in Q2 2025.
- Net interest income for Q2 2026 grew 11.26% to $66.25 million compared to $59.54 million in Q2 2025.
- Provision for credit losses decreased 53.08% to $2.67 million in Q2 2026 from $5.69 million in Q2 2025.
- Loans and leases held for investment increased 1.84% to $7.04 billion at June 30, 2026, from $6.91 billion at December 31, 2025.
- Cash dividends declared for H1 2026 increased to $0.45 per share from $0.43 per share in H1 2025.
- Treasury stock purchases for H1 2026 surged to $28.53 million from $11.44 million in H1 2025.
Price Impact
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