10-Q · April 28, 2026
Univest reported Q1 2026 diluted EPS of $0.96 (vs. $0.77 year-ago) and net income of $27,092,000, driven by higher net interest income and margin. Tax-equivalent net interest income rose to $63,835 (from $57,167) and…
Earnings analysis · 10-Q
UVSP earnings analysis
Filed July 28, 2026 · Our reading of the company's report
The latest report
Univest produced stronger year-over-year Q2 profitability, with net income of $23.0 million, diluted EPS of $0.82 and a 29-basis-point expansion in tax-equivalent net interest margin to 3.49%. Banking, Wealth Management…
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Univest produced stronger year-over-year Q2 profitability, with net income of $23.0 million, diluted EPS of $0.82 and a 29-basis-point expansion in tax-equivalent net interest margin to 3.49%. Banking, Wealth Management and Insurance all increased segment pre-tax income, but the quarter included a $5.2 million OREO valuation adjustment and credit quality weakened materially as nonaccrual loans increased to $43.9 million. Liquidity declined as cash balances fell $358.4 million and deposits decreased $154.3 million, though available committed borrowing capacity was $2.4 billion. The extracted filing text does not disclose operating cash flow, capital expenditures or free cash flow, so free cash flow is null.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.82
What stood out
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Year-over-year earnings growth despite OREO charge
Q2 net income increased 14.9% year over year to $23.0 million, while diluted EPS rose $0.13 to $0.82 from $0.69. EPS was down from $0.96 in Q1 2026, reflecting a $5.2 million pre-tax OREO valuation adjustment.
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NII and net interest margin expanded
Tax-equivalent net interest income increased $6.8 million, or 11.3%, to $66.7 million, and tax-equivalent net interest margin expanded 29 basis points to 3.49%. Management attributed the gain to higher average earning assets and lower funding costs.
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Loan book grew 1.8% year to date
Loans and leases held for investment grew $127.2 million, or 1.8%, from December 31, 2025 to $7.04 billion. Growth was concentrated in commercial, construction and commercial real-estate lending.
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Wealth Management delivered strong growth
Wealth Management pre-tax income increased to $2.4 million from $1.8 million, supported by $8.4 million of noninterest income versus $7.7 million. Assets under management and supervision reached $6.2 billion, up from $5.4 billion a year earlier.
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Debt reduction and modest capital build
Total borrowings declined $80.5 million, or 24.9%, to $242.8 million as $100.0 million of long-term FHLB advances matured, partly offset by a $25.0 million advance. Total shareholders' equity increased $10.9 million to $954.3 million.
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Active share repurchase program
The company repurchased 425,539 shares in Q2 at an average $39.10 per share; 1,494,260 shares remained authorized under the repurchase plan at June 30, 2026.
What to watch
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Nonaccrual credit exposure rose sharply
Nonaccrual loans and leases rose to $43.9 million from $13.7 million at December 31, 2025, lifting the nonaccrual-loan ratio to 0.62% from 0.20%. A $28.6 million commercial relationship was placed on nonaccrual status with a $9.8 million specific reserve.
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OREO write-down pressured quarterly earnings
A commercial real-estate OREO property incurred a $5.2 million valuation adjustment in Q2, reducing diluted EPS by $0.15. OREO remained material at $18.9 million at June 30, 2026.
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Lower liquidity balances and deposit outflows
Cash, interest-earning deposits and federal funds sold declined $358.4 million, or 64.7%, to $195.3 million, while deposits fell $154.3 million to $6.93 billion. Unprotected deposits totaled $1.7 billion, representing 24.6% of deposits.
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No formal risk-factor update; funding rollover remains
The filing reports 0 material changes to risk factors from the 2025 Form 10-K; nevertheless, $1.0 billion of certificates of deposit mature within one year and could require replacement funding at market rates.
Management's outlook
The 10-Q provides no quantitative revenue or EPS outlook. Management states it anticipates meeting $1.0 billion of certificates of deposit due within one year through on-balance-sheet liquidity, deposit replacement, borrowings and brokered deposits.
Earlier filings 4
10-K · February 23, 2026
Univest reports modest top-line growth with improved profitability and cash generation in 2025: revenue rose to $519.0M (from $501.0M in 2024), diluted EPS increased to $3.14 (from $2.58), and free cash flow increased…
10-Q · July 29, 2025
Univest reported Q2 2025 net revenue of $81,042,000 (net interest income $59,541,000 + noninterest income $21,501,000), diluted EPS of $0.69 (in line with consensus) and net income of $19,978,000. Revenue rose…
10-Q · October 29, 2024
Univest reported modest top-line growth for Q3 2024 with total revenue (net interest income + noninterest income) of $73,354,000 and diluted EPS of $0.63 (vs $0.58 a year ago). Key balance-sheet moves: deposits grew to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.