UVSP Q2 FY26: Net income +14.9%, NIM expands 29bp; nonaccrual loans surge to $43.9M

Filed July 28, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 29, 2025 · ~1 min read

Key Changes

• high

  Nonaccrual loans jumped to $43.9M (0.62% of loans) from $27.9M a year ago, driven by a $28.6M commercial relationship placed on nonaccrual with a $9.8M specific reserve in Q2 and a $3.9M CRE loan in Q1.

  MD&A: Asset Quality verify on EDGAR →
• high

  Q2 FY26 results included a$$4M pre-tax OREO write-down ($4.1M after-tax, -$0.15 EPS) on a commercial property based on an updated appraisal; the property was transferred to OREO in Q2 FY22 and listed for sale in Q2 FY25.

  MD&A: OREO verify on EDGAR →
• high

  Net interest margin expanded 29bp YoY to 3.49% in Q2 FY26 (from 3.20%), driven by higher average interest-earning assets, reduced cost of funds (down 37bp to 2.96%), and higher loan yields.

  MD&A: Net Interest Income verify on EDGAR →