Univest Q2 FY26 net income rises 15% to $23 million; net interest margin widens 29 bps to 3.49%

Reuters2026/07/22 20:32

By:Reuters

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Univest posted Q2 net income of $23 million, or $0.82 a share, up from $20 million, or $0.69 a share, a year earlier.
Net interest income rose 11.3% from a year earlier to $66.2 million; net interest margin widened 29 basis points to 3.49%.
Noninterest income fell 15.8% to $18.1 million on a $5.2 million pre-tax OREO valuation adjustment; BOLI death proceeds were $708,000.
Nonperforming assets climbed to $63 million from $41.2 million at March 31 after a $28.6 million commercial relationship moved to nonaccrual.
Declared a $0.23 quarterly dividend; repurchased 425,539 shares at an average $38.71, leaving 1,494,260 shares authorized.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Univest Financial Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607221615PRIMZONEFULLFEED9766522) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Univest Q2 FY26 net income rises 15% to $23 million; net interest margin widens 29 bps to 3.49%

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