Univest Financial Corp (NAS:UVSP)

Q2 2026 Univest Financial Corp Earnings Call Transcript

Jul 23, 2026 / 01:00 PM GMT

Release Date Price: $44.18 (+0.89%)

Transcript 10-Q8-K

Key Points

Positve

Univest Financial Corp (UVSP) reported a solid second quarter with a net income of $23 million, marking an 18.8% increase in earnings per share compared to Q2 2025.
Loan growth was strong, with an increase of $101.7 million or 6% annualized.
Total deposits grew by $119.2 million, or 7.2% annualized, reflecting successful execution of their initiative to lower the loan-to-deposit ratio.
The company actively engaged in stock buybacks, repurchasing 425,539 shares during the quarter, with a year-to-date total of 776,677 shares.
Net interest margin expanded by 16 basis points to 3.49%, with core NIM increasing by 9 basis points to 3.53%, driven by growth in average loan balances and improved asset yields.

Negative

A $5.2 million valuation adjustment on an REO property negatively impacted earnings per share by $0.15.
A commercial loan relationship totaling $28.6 million was placed on non-accrual status, requiring a specific reserve of $9.8 million.
Non-interest income decreased by $3.4 million compared to Q2 2025, primarily due to the REO valuation adjustment.
Increased competition in loan pricing is putting pressure on margins, particularly in long-term CRE, prompting a shift towards construction-oriented financing.
The company faces challenges in selling an REO property in the Princeton market, which has been on sale for about a year without a buyer.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

UVSP.OQ - Univest Financial Corp
Q2 2026 Univest Financial Corp Earnings Call
Jul 23, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome everyone. Good morning and welcome everyone to six earnings calls. Today's conference is being recorded.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press the star key followed by the number one on your telephone keypad. If you would like to answer your question, press star one again.

At this time, I would like to turn the conference over to Jeff Schweitzer, Chairman, President and CEO of Unibest. Financial Corporation. Please go ahead.

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