Quarterly ResultJul 22, 2026, 04:17 PM
Univest Q2 Net Income $23.0M, EPS $0.82; Declares $0.23 Dividend
AI Summary
Univest Financial Corporation reported net income of $23.0 million, or $0.82 diluted EPS, for Q2 2026, an increase from $20.0 million, or $0.69 diluted EPS, in Q2 2025. The results included a $5.2 million pre-tax charge for an OREO valuation adjustment and $708 thousand in BOLI death benefit proceeds. The company saw growth in gross loans and leases by 3.5% and total deposits by 5.3% year-over-year, while net interest income and margin also improved. Univest also declared a quarterly cash dividend of $0.23 per share and repurchased 425,539 shares during the quarter.
Key Highlights
- Net income for Q2 2026 was $23.0 million, up from $20.0 million in Q2 2025.
- Diluted EPS for Q2 2026 was $0.82, compared to $0.69 in Q2 2025.
- Included a pre-tax charge of $5.2 million ($0.15 diluted EPS) for an OREO valuation adjustment.
- Included tax-free BOLI death benefit proceeds of $708 thousand ($0.03 diluted EPS).
- 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 income increased 11.3% YoY to $66.2 million for Q2 2026.
- Net interest margin (FTE) was 3.49% for Q2 2026, up from 3.20% in Q2 2025.
- Quarterly cash dividend of $0.23 per share declared, payable August 19, 2026.
- Repurchased 425,539 shares of common stock at an average price of $38.71 per share.
Price Impact
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