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Get filing alertsUnivest Financial Q2 EPS up 18.8% to $0.82; $28.6M loan on nonaccrual, $5.2M OREO write-down
Filed July 23, 2026 · Period ending July 22, 2026 · ~1 min read
Key Changes
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high
Q2 2026 net income $23.0M ($0.82/share), up 18.8% YoY from $20.0M ($0.69/share), despite $5.2M pre-tax OREO write-down ($0.15/share impact) and $28.6M commercial loan placed on nonaccrual with $9.8M reserve.
Exhibit 99.1 view on EDGAR → -
high
Nonperforming assets rose to $63.0M at June 30, 2026 from $41.2M at March 31, 2026, driven by single $28.6M commercial loan relationship placed on nonaccrual with $9.8M specific reserve.
Exhibit 99.1 view on EDGAR → -
high
$5.2M pre-tax OREO valuation charge ($4.1M after-tax, $0.15/share) on property held since Q2 2022 and listed for sale since Q2 2025, based on updated appraisal reflecting fair value less costs to sell.
Exhibit 99.1 view on EDGAR → -
medium
Net interest margin (tax-equivalent) expanded to 3.49% in Q2 2026 from 3.33% in Q1 2026 and 3.20% in Q2 2025, driven by higher loan balances and yields with lower cost of funds.
Exhibit 99.1 view on EDGAR → -
medium
Declared $0.23/share quarterly dividend payable August 19, 2026; repurchased 425,539 shares at $38.71/share ($39.13 including fees) in Q2 2026, with 1,494,260 shares remaining under authorization.
Exhibit 99.1 view on EDGAR →
Summary
Univest Financial reported Q2 2026 earnings of $0.82 per share, up 18.8% from $0.69 in the prior-year quarter, despite two significant credit-related charges. The quarter included a $5.2 million pre-tax write-down on an OREO property held since 2022 and a $28.6 million commercial loan relationship placed on nonaccrual with a $9.8 million reserve.
Nonperforming assets jumped to $63.0 million from $41.2 million at March 31, 2026, driven primarily by the single commercial loan. The earnings growth reflects operational strength: net interest margin expanded 16 basis points sequentially to 3.49%, driven by higher loan yields and lower funding costs.
The company returned capital through a $0.23/share dividend and repurchased 425,539 shares at an average $38.71 during the quarter. The combination of a prolonged OREO holding period (four years before write-down) and a large single-name commercial credit deterioration warrants attention to asset quality trends, though the specific reserve suggests management has addressed the known exposure. Watch for commentary on the commercial loan sector and any further OREO disposition progress.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Univest Financial reported Q2 2026 earnings via press release.
Added in current filing · verify on EDGAR →
On July 22, 2026, Univest Financial Corporation (the “Corporation”), parent company of Univest Bank and Trust Co. (the "Bank"), issued a press release reporting 2026 second quarter earnings.
The company disclosed second quarter 2026 financial results through a press release. The 8-K body does not provide specific financial metrics; those details are contained in the attached Exhibit 99.1 press release.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
net income for the quarter ended June 30, 2026 of $23.0 million, or $0.82 diluted earnings per share, compared to net income of $20.0 million, or $0.69 diluted earnings per share, for the quarter ended June 30, 2025.
Univest reported Q2 2026 net income of $23.0 million ($0.82 diluted EPS), an 18.8% increase from Q2 2025's $20.0 million ($0.69 diluted EPS). The quarter included a $5.2 million pre-tax OREO valuation charge ($0.15/share impact) and $708 thousand in BOLI death benefit proceeds ($0.03/share benefit).
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 28, 2026 · How we verify