Univest Financial Q2 Net Income $23.0M, EPS $0.82; EPS up 18.8% YoY
Univest Financial Corporation reported net income of $23.0 million, or $0.82 diluted earnings per share, for the second quarter of 2026. This represents an 18.8% increase in diluted EPS compared to the same period in the prior year. The results included a $5.2 million pre-tax charge for an other real estate owned (OREO) valuation adjustment, partially offset by $708 thousand in bank owned life insurance (BOLI) death benefit proceeds. While loans, deposits, and net interest margin showed growth, nonperforming assets increased significantly to $63.0 million due to a commercial loan being placed on nonaccrual status. The company also declared a quarterly cash dividend of $0.23 per share and repurchased 425,539 shares.
Key Highlights
- Net income for Q2 2026 was $23.0 million, or $0.82 diluted earnings per share.
- Diluted earnings per share increased 18.8% compared to the second quarter of 2025.
- Financial results included a pre-tax charge of $5.2 million for an OREO valuation adjustment.
- Gross loans and leases increased $240.8 million, or 3.5%, from June 30, 2025.
- Total deposits increased $350.3 million, or 5.3%, from June 30, 2025.
- Net interest margin (tax-equivalent) was 3.49% for Q2 2026, up from 3.20% in Q2 2025.
- Nonperforming assets totaled $63.0 million at June 30, 2026, up from $41.2 million at March 31, 2026.
- A quarterly cash dividend of $0.23 per share was declared.
Price Impact
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