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Investor releaseQuarter not tagged2026-07-25Univest Financial Corp (UVSP) Q2 2026 Earnings Call Highlights: Strong Loan and Deposit Growth ...
GuruFocus.com
Univest Financial Corp (UVSP) Q2 2026 Earnings Call Highlights: Strong Loan and Deposit Growth ...
This article first appeared on GuruFocus. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Univest Financial Corp (NASDAQ: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. 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. Warning! GuruFocus has detected 8 Warning Signs with UVSP. Is UVSP fairly valued? Test your thesis with our free DCF calculator. Q: On the outlook for loan growth, could you discuss the competition you're seeing in your various markets, and if it's intensifying in any specific market or loan category? A: Yes, we are seeing increased competition on pricing across all markets. Despite this, we believe there's still room to achieve adequate margins and meet our loan growth targets. We've pivoted from long-term CRE to more construction-oriented financing to maintain wider margins and fee income. - Mike Time, COO and President of Univest Bank and Trust. Q: Can you discuss the NIM trajectory going forward, especially with potential rate hikes? A: From a rate change perspective, we model out fairly neutral. I expect NIM to hold in the current range of aroun...
Investor releaseQuarter not tagged2026-07-23Univest Corporation of Pennsylvania Q2 Earnings Call Highlights
MarketBeat
Univest Corporation of Pennsylvania Q2 Earnings Call Highlights
Interested in Univest Corporation of Pennsylvania? Here are five stocks we like better. Univest posted solid Q2 2026 operating results with net income of $23 million, or $0.82 per share, and EPS up 18.8% year over year. Management said the quarter was weighed down by a $5.2 million OREO valuation adjustment, but core performance remained strong. Net interest income and margin improved as higher loan balances, better asset yields and lower funding costs drove gains. Net interest income rose 11.3% from a year ago, and management expects full-year net interest income growth of 8% to 10%. Credit quality and capital management were key focus areas after a $28.6 million loan went non-accrual and charge-offs rose, while the company also booked a specific reserve and the OREO write-down. Univest continued share repurchases and said it remains open to M&A while balancing capital against growth opportunities. Univest Corporation of Pennsylvania (NASDAQ:UVSP) reported second-quarter 2026 net income of $23 million, or $0.82 per share, during its earnings call, with Chairman, President and CEO Jeff Schweitzer saying earnings per share rose 18.8% from the second quarter of 2025. Schweitzer said the quarter was affected by a $5.2 million valuation adjustment on an OREO property following an updated appraisal, which reduced earnings by $0.15 per share. Excluding that item, he described the company’s core operating results as strong. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? “We had a solid second quarter,” Schweitzer said, citing loan growth of $101.7 million, or 6% annualized, and deposit growth of $119.2 million, or 7.2% annualized. He also said the company continued efforts to reduce its loan-to-deposit ratio, which was 180 basis points lower on average year to date than through the first six months of 2025. Chief Financial Officer Brian Richardson said net interest income increased $2.9 million, or 4.5%, from the first quarter and rose $6.7 million, or 11.3%, from the year-earlier quarter. He attributed the increase to growth in average loan balances, improved asset yields and a lower overall cost of funds. → 3 Photonics Companies Making Quantum Tech Possible Reported net interest margin expanded 16 basis points from the first quarter to 3.49%, while core net interest margin, excluding excess liquidity, increased nine basis points to 3.53%....
TranscriptFY2026 Q22026-07-23FY2026 Q2 earnings call transcript
Earnings source - 54 paragraphs
FY2026 Q2 earnings call transcript
Good morning and welcome everyone to the Univest Financial Corporation second quarter 2026 earnings call. 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 withdraw 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 Univest Financial Corporation. Please go ahead.
Thank you, Audra. Good morning and thank you to all of our listeners for joining us. Joining me on the call this morning is Mike Keim, our Chief Operating Officer and President of Univest Bank and Trust, and Brian Richardson, our Chief Financial Officer. Before we begin, I would like to remind everyone of the forward-looking statements disclaimer. Please be advised that during the course of this conference call, management may make forward-looking statements that express management's intentions, beliefs, or expectations within the meaning of the federal securities laws. Univest's actual results may differ materially from those contemplated by these forward-looking statements. I will refer you to the forward-looking cautionary statements in our earnings release and in our SEC filings. Hopefully, everyone had a chance to review our earnings release from yesterday. If not, it can be found on our website at univest.net under the investor relations tab.
We had a solid second quarter as we reported net income of $23 million, or $0.82 per share, which was an 18.8% increase compared to earnings per share in Q2 of 2025. Our results for the quarter were impacted by a $5.2 million valuation adjustment on an OREO property due to an updated appraisal, which impacted earnings per share for the quarter by $0.15. Excluding this adjustment, our core operating results for the quarter were strong. Loan growth for the quarter was solid as we grew loans by $101.7 million, or 6% annualized. Total deposits for the quarter increased to $119.2 million or 7.2% annualized. We continue to execute on our initiative to lower our loan-to-deposit ratio, which on average was 180 basis points lower year-to-date than through the first six months of 2025.
We also continue to be active with respect to stock buybacks, buying back 425,539 shares of our stock during the quarter. Year-to-date, we have repurchased 776,677 shares. Before I pass it over to Brian, I would like to thank the entire Univest family for the great work they do every day and for their continued efforts serving our customers, communities, and each other. I'll now turn it over to Brian for further discussion on our results.
Thank you, Jeff, and thank you to everyone for joining us today. I would like to start by touching on three items from the earnings release. First, we saw continued strength and stability in our net interest income and margin during the quarter. Reported net interest margin expanded 16 basis points from the first quarter to 3.49%. In addition, core NIM, which excludes the impact of excess liquidity, increased nine basis points to 3.53%. Net interest income increased $2.9 million, or 4.5% compared to the first quarter, and increased $6.7 million, or 11.3% compared to the second quarter of 2025, driven by continued growth in average loan balances, improved asset yields, and a reduction in our overall cost of funds. Second, as it relates to credit, the quarter included two notable items.
First, as Jeff mentioned, we recorded a $5.2 million pre-tax valuation adjustment on an REO property based on an updated appraisal reflecting the property's estimated fair value less cost to sell. This reduced earnings by $4.1 million after tax, or $0.15 per diluted share. Second, during the quarter, a commercial loan relationship totaling $28.6 million was placed on non-accrual status and a specific reserve of $9.8 million was established. Net charge-offs for the quarter were $1.9 million or 11 basis points annualized, and our allowance for credit losses coverage ratio remains stable at a 1.28% of total loans held for investment. Third, non-interest income was $18.1 million for the quarter, a decrease of $3.4 million compared to the second quarter of 2025, primarily due to the $5.2 million REO valuation adjustment. Excluding that item, underlying fee income trends remain solid as these businesses continue to perform well.
Investment advisory commission and fee income increased $583,000, or 10.7% compared to the prior year, driven by appreciation in assets under management and new customer relationships. Net gain on mortgage banking activities increased $365,000 or 37.2% compared to the prior year, primarily due to increased saleable volume and improved margins. We also recognized $708,000 of tax-free BOLI death benefit proceeds during the quarter. Turning briefly to our outlook for the remainder of 2026. Based on our performance during the first half of the year and our current assumptions, we are maintaining our outlook for loan growth of approximately 2%-3%, non-interest income growth of approximately 6%-8%, excluding BOLI death benefits and REO valuation adjustments, non-interest expense growth of 3%-5%, and provisioning of $11 million-$13 million.
As I've said in the past, our provisioning is event-driven and may be impacted in the second half of the year depending on the final resolution of the $28.6 million loan that was placed on non-accrual during the second quarter, as well as other charge-off activity, loan growth, changes in economic conditions, and the resulting impact on our coverage ratio. We are updating our full-year net interest income growth outlook to a range of 8%-10%, reflecting the strength of the first half of the year and continued margin stability. Our effective tax rate is expected to remain in the 20%-21% range. That concludes my prepared remarks. Audra, would you please begin the question and answer session?
Thank you. We will now begin the question and answer session. If you have dialed in and would like to ask a question, please press star one on your telephone keypad to raise your hand and join the queue. If you would like to withdraw your question, simply press star one again. We'll take our first question from Tim Switzer at KBW.
Hey, good morning. Thank you for taking my questions.
Morning, Tim.
Morning, Tim.
My first one is on the outlook for loan growth. You guys maintained the low single-digit guide here. Could you maybe talk about the competition you're seeing in your various markets and if you're seeing it intensifying in either a specific market or a loan category? Then more specifically on the loan yield, it seems like there's a lot of competition there.
Yeah, Tim, good morning. It's Mike Keim. I would agree with your question, quite frankly. We are seeing increased competition on the pricing side of the equation across the board in all of our markets. We still do believe there's room enough for us to get an adequate margin and participate to hit the loan growth numbers that Brian referenced a couple of minutes ago. Certainly, it is increasing competition. Spreads are narrowing. I would just imagine everybody's looking to fight for asset growth. That's what's translating here. It's one of the reasons why we pivoted from more long-term CRE to more construction-oriented financing because we still believe that there's an ability to get a little bit wider margin in fee income out of that product offering.
Okay. That's helpful. Then can you discuss, I guess, what the NIM trajectory looks like for you going forward, especially what would be the impact of rate hikes? Previously, you guys talked about being pretty neutral, obviously that was an environment where we're looking more towards rate cuts.
Hi, Tim. This is Brian. Yeah. From a rate change perspective, either up or down, really at this point, we do model out fairly neutral. That said, I would think for the next several quarters, assuming nothing drastic occurs, I'd expect NIM to hold in that current range, give or take a couple of basis points. In that 350 range, plus or minus, call it five basis points either way is where I expect us to operate for the next several quarters.
Okay. That's even assuming any changes to the excess liquidity on the balance sheet?
Yeah. That's from a core NIM perspective. Of course, excess liquidity will have its impact on a reported NIM. From a core NIM perspective, I expect us to maintain in that 350 range, give or take.
Okay. Very helpful. Then on the credit side of things, can you maybe remind us of this OREO property? I know it was OREO four years ago. Can you remind us maybe what market it's in or the loan category? Is this a CRE loan?
Yeah. It's a lab space built office building that is approximately 165,000 sq ft, and it's located in the Princeton market. There were significant repairs that were required on that building. Those were completed first quarter into second quarter of last year. There was a time period where the property wasn't being marketed. We started marketing it second quarter last year, and then continued those efforts now, got an updated appraisal, and as a result of comps in the market, both from a sale perspective as well as a rental square foot perspective, there was pressure on both of those, which resulted in a decrease in value from an appraised perspective.
Okay. It sounds like this has now been on sale for about a year. Any timeline on when you think a buyer can be found and the deal closed?
Again, that's going to be event-driven, circumstance-driven. Hopefully, we'll continue to market it, and we'll see how that plays out here over the next couple of quarters.
Okay. The last one on the other credit here that moved to non-accrual. Any color you can provide on the industry it's in, maybe what's causing the issues? It sounds like the provision guide for this year is dependent on a resolution. Is this one that could be resolved this year?
Tim, it's Mike Keim again. First off, it is an operating business. It's a C&I credit. It's a seasonal business with more of a discretionary kind of items. They're both a manufacturer and distributor. The seasonality is really strongest late in the third quarter into the fourth quarter. We'll continue to see how that evolves. The specific reserve that was put up was based upon there's some indications of interest on the company as a whole, and where we are from a financial perspective. We're going to get updated 630 financial statements, and we're investigating. Do we have to look at a total sale of the company at some point in time, or could we sell it in parts? It will be what is the best answer for the collective situation here as we move forward.
Truth be told, we still need to learn a little bit more and update our analysis on that. Would I love to see it gone or disposed with in some positive fashion in the rest of the year? Yes. Can I guarantee it? That might not be the best answer, quite frankly. We will just work through this and take the best answer for us.
Cool. Yeah, totally understand. Appreciate it.
We'll move to our next question from Jacob Morton at Stephens Inc.
Hey, good morning. This is Jacob Morton on for Matt Breese. I wanted to start out, I'm curious on what was the spot cost of deposits and the spot NIM at the end of the quarter. I'm just curious on how you feel about your ability to maintain or further lower deposit costs from here.
Jacob, this is Brian. Really spot deposit cost, of course, when you have builds and things like that occur, there'll be a little bit of noise there, but really tracks what we saw for the quarter. As it relates to ability to reduce cost of deposits and cost of funds, kind of where we're at right now, again, assuming a stable rate environment, I wouldn't expect much opportunity. We have just over $300 million of CDs that mature here in, call it the third quarter. As we look at what we're offering, our current offering rates, they're at that level or slightly above. There's not much opportunity to reprice down there.
That's why that NIM outlook and guide really is stable at this point in time because you have a little bit of opportunity on the asset side and a little flat to a little bit of pressure on the liability side, you kind of see that play out as a stable core NIM.
Got it. Okay. Thank you. I appreciate the color there. Then thinking about the NIM longer term, when you model it out, how much longer might we see fixed asset repricing benefits to the NIM? I'm particularly focused on 2028, given five years prior in 2023, loan yield spiked for the industry. I'm generalizing, but thinking we start to roll some of those off is what I'm curious about and what the impacts are.
Yeah. Out to 2028, in all honesty, I mean, really looking through next year, I expect relative stability with slight upside. 2028, again, a lot's likely to change between now and then. I wouldn't necessarily try to put a pin in the ground on that.
Got it. Okay. Thank you. Last from me on deal appetite from here. I'm just curious your perspective on the activity in the market. It's been sluggish from a deal perspective, but curious if conversations are similarly slow.
Yeah. This is Jeff. We're definitely open to conversations on M&A, both on the bank side and also on wealth or insurance organizations. We're always out talking to people. As we always say, something has to be for sale. You can't just go and buy it whether you like it or not. It is something. There are conversations happening. I would say it did slow down for a little while there are still conversations that are occurring in the market that we're participating on. I can't tell you that there's anything imminent or that it will result in anything in the near term because frankly, there has to be something that is actually for sale and obviously there has to be an agreement on what it looks like going forward.
I'd say it's active, not as active, there's still conversations occurring and we are open to having them.
Got it. Okay. Thank you. Thank you guys for taking my questions.
Yep.
Thank you.
We'll go next to Manuel Navas at Piper Sandler. Mr. Navas, your line is open. You may be muted.
Hey, do you guys hear me? Hello?
Yes, we can hear you now.
Yep, we can hear you now.
Hi, I'm Eknor Najjar. I'm in here for Manuel. I had a question about what do your deposit pipelines look like, also on the talent side, what is sort of like the new wave of talent hires going forward and any color you could provide on that front?
Sure. Look, on the deposit pipelines, the first side of that equation, we continue to be active in that. Brian referenced a little bit in terms on the NIM question previously. We have a compelling offer on the CD side and we have strong appetite that's coming on that. Then we've talked in previous calls about the number of initiatives. We have a union initiative where we pursue union deposits. Our public funds build will happen in the third quarter. Pipelines are strong. Some of that is kind of the seasonal nature of our public fund business, that'll build strongly. We have various offers that'll be in the marketplace, working with title companies, law firms, et cetera, all sources that will ultimately play to grow our deposit base over time. We're happy with that.
This is going to be the ramp-up time where we'll have some excess liquidity and have an increase in our public funds as we traditionally see. Moving to the talent side. Look, we've been active in the marketplace. We have hired a couple of new RMs in the recent time period here. This is one of those things that when talent becomes available, you need to take that opportunity and add that talent to your team, we will continue to do that. There's not a ton of disruption in the marketplace, but when there is, that's when the talent seems to be available to us, and we're always in conversations. Similar to what Jeff referenced on an M&A side, we're always talking to people, and trying to see if we can get good quality talent to join our organization.
Thank you. That's helpful. When I was looking at your buyback pace, you bought back about 1.5 [audio distortion] shares. Should we kind of expect the same pace to continue going forward?
We intend to continue to be active on our buyback plan. We have a lot of shares still authorized. Obviously, there's been a run-up in our price. We want to make sure that we are effectively using capital and balancing all of the other things we talked about from M&A opportunities and growing the balance sheet. We're balancing all of that. We expect that we will continue to be active on the buyback front for the near term for sure.
Yeah, really the kind of guide there is not looking to grow our capital ratios really kind of from where we started the year. You'll see they grew in the first quarter. They came back down here in the second quarter as we did the buyback. We'll look to continue to kind of manage in that general range.
Okay. Thank you, guys. Thanks so much.
Thank you.
Thank you.
That concludes our Q&A session. I will now turn the conference back over to Jeff Schweitzer for closing remarks.
Thank you, Audra, and thank you for everyone participating this morning on our call. We've had a strong start to the year through the first six months, and we're excited about the next six months as we continue to execute on our strategic plans and continue to grow our organization for the long term. Look forward to talking to everybody at the end of next quarter. Have a great day.
This concludes today's conference call. Thank you for your participation. You may now disconnect.
Investor releaseQuarter not tagged2026-07-22Univest Financial Q2 Earnings, Revenue Rise
MT Newswires
Univest Financial Q2 Earnings, Revenue Rise
Univest Financial (UVSP) reported Q2 earnings late Wednesday of $0.82 per diluted share, up from $0.
Investor releaseQuarter not tagged2026-07-22Univest Financial Corporation Reports Second Quarter Results
GlobeNewswire
Univest Financial Corporation Reports Second Quarter Results
(18.8% increase in earnings per share compared to 2025 second quarter) SOUDERTON, Pa., July 22, 2026 (GLOBE NEWSWIRE) -- Univest Financial Corporation (“Univest” or the "Corporation") (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced 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. Notable Non-Core ItemsThe financial results for the quarter included a pre-tax charge of $5.2 million ($4.1 million after-tax), or $0.15 diluted earnings per share, related to a valuation adjustment on an other real estate owned ("OREO") property. The adjustment was recorded based on an updated appraisal which reflects the property's estimated fair value less costs to sell. The property was initially transferred to OREO during the quarter ended June 30, 2022 and was listed for sale during the quarter ended June 30, 2025. The financial results for the quarter also included tax-free bank owned life insurance ("BOLI") death benefit proceeds of $708 thousand, which represented $0.03 diluted earnings per share. LoansGross loans and leases increased $101.7 million, or 1.5% (6.0% annualized), from March 31, 2026, $127.2 million, or 1.8% (3.6% annualized), from December 31, 2025, and $240.8 million, or 3.5%, from June 30, 2025. The increases during these periods were primarily driven by growth in commercial, construction and commercial real estate loans. This growth was partially offset by a decline in residential mortgage loans, which is consistent with our strategy to focus balance sheet growth on full-relationship customers, which will improve our loan-to-deposit ratio. Deposits and LiquidityTotal deposits increased $119.2 million, or 1.8% (7.2% annualized), from March 31, 2026, primarily due to increases in commercial, consumer and brokered deposits, partially offset by a seasonal decrease in public funds deposits. Total deposits decreased $154.3 million, or 2.2% (4.4% annualized), from December 31, 2025, primarily due to decreases in consumer and public funds deposits, partially offset by increases in commercial and brokered deposits. Total deposits increased $350.3 million, or 5.3%, from June 30, 2025, primarily due...
Investor releaseQuarter not tagged2026-07-22Univest (UVSP) Q2 Earnings and Revenues Lag Estimates
Zacks
Univest (UVSP) Q2 Earnings and Revenues Lag Estimates
Univest (UVSP) came out with quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -4.65%. A quarter ago, it was expected that this holding company for Univest Bank and Trust Co. would post earnings of $0.84 per share when it actually produced earnings of $0.96, delivering a surprise of +14.29%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Univest, which belongs to the Zacks Banks - Northeast industry, posted revenues of $84.35 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 2.81%. This compares to year-ago revenues of $81.04 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Univest shares have added about 35.7% since the beginning of the year versus the S&P 500's gain of 9.7%. While Univest has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Univest was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Stro...
Investor releaseQuarter not tagged2026-07-21Bank First Corporation (BFC) Tops Q2 Earnings and Revenue Estimates
Zacks
Bank First Corporation (BFC) Tops Q2 Earnings and Revenue Estimates
Bank First Corporation (BFC) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.28 per share. This compares to earnings of $1.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.46%. A quarter ago, it was expected that this company would post earnings of $2.4 per share when it actually produced earnings of $2.24, delivering a surprise of -6.67%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Bank First Corporation, which belongs to the Zacks Banks - Northeast industry, posted revenues of $65.04 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.35%. This compares to year-ago revenues of $41.62 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bank First Corporation shares have added about 19.7% since the beginning of the year versus the S&P 500's gain of 8.7%. While Bank First Corporation has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bank First Corporation was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the comp...
Investor releaseQuarter not tagged2026-07-07Univest Financial Corporation to Hold Second Quarter 2026 Earnings Call
GlobeNewswire
Univest Financial Corporation to Hold Second Quarter 2026 Earnings Call
SOUDERTON, Pa., July 07, 2026 (GLOBE NEWSWIRE) -- Univest Financial Corporation (Nasdaq: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investment and equipment finance subsidiaries, announced it will host a conference call to discuss its second quarter 2026 earnings on Thursday, July 23, 2026 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, July 22, 2026. Pre-registrationTelephone participants may avoid any delays by pre-registering for the call using the following link. Conference Call registration link: https://registrations.events/direct/Q4I3774017 AudioDial in number: 1-888-500-3691 Note: Participants who are unable to pre-register should dial in a few minutes prior to the start time.*Please mention Conference ID 37740 or “Univest Financial Corporation Second Quarter 2026 Earnings Call” to the operator. ReplayLink: https://registrations.events/direct/Q4I3774017Available until: July 30, 2026 About Univest Financial Corporation Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $8.1 billion in assets and $5.8 billion in assets under management and supervision through its Wealth Management lines of business at March 31, 2026. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices and online at www.univest.net. CONTACT: Contact: Brian J. Richardson Univest Financial Corporation Chief Financial Officer 215-721-2446 | [email protected]
Investor releaseQuarter not tagged2026-04-24Univest Corporation of Pennsylvania Q1 Earnings Call Highlights
MarketBeat
Univest Corporation of Pennsylvania Q1 Earnings Call Highlights
Strong Q1 results: Univest reported net income of $27.1 million (EPS $0.96), a 24.7% YoY EPS increase, with return on average assets of 1.33% and improved efficiency alongside a lower loan‑to‑deposit ratio. Capital returns prioritized: The board raised the quarterly dividend 4.5% to $0.23 and repurchased 351,138 shares, with management signaling continued buybacks while monitoring CET1 (~11.3%) and remaining open to opportunistic M&A. Margin and outlook uplift: Reported NIM rose 23 bps to 3.33% (core 3.44%), prompting an updated net interest income growth outlook of 5–7% for 2026 and a maintained loan growth target of ~2–3%, while credit metrics stayed strong (NPLs ~0.25%, ACL 1.28%). Interested in Univest Corporation of Pennsylvania? Here are five stocks we like better. Univest Corporation of Pennsylvania (NASDAQ:UVSP) opened 2026 with what executives described as a strong first quarter, driven by higher earnings, margin expansion and continued progress on efficiency and balance sheet priorities. Chairman, President and CEO Jeff Schweitzer said the company reported first-quarter net income of $27.1 million, or $0.96 per share, representing a 24.7% increase in earnings per share compared to the first quarter of 2025. He added that return on average assets improved to 1.33% for the quarter. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Schweitzer also highlighted efforts to lower the loan-to-deposit ratio and improve operating leverage. He said the company’s average loan-to-deposit ratio was 280 basis points lower than the first quarter of 2025, while the efficiency ratio declined 190 basis points year over year, which he tied to benefits from recent technology investments. Management emphasized capital return actions taken during the quarter. Schweitzer said the board increased the quarterly dividend by 4.5% to $0.23 per share and that the company repurchased 351,138 shares during the quarter. → Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand In response to a question about the pace of repurchases, Schweitzer said he did not anticipate pulling back on buybacks in the near term. CFO Brian Richardson added that the company closely monitors common equity tier 1 (CET1) capital and indicated management intends to manage that level lower through buybacks. Richardson said CET1 started the year at 11.22% and ended the first quarter at 11....
Investor releaseQuarter not tagged2026-04-24Univest (UVSP) Q1 2026 Earnings Transcript
Motley Fool
Univest (UVSP) Q1 2026 Earnings Transcript
Image source: The Motley Fool. Thursday, April 23, 2026 at 9 a.m. ET President & Chief Executive Officer — Jeff Schweitzer Chief Financial Officer — Brian Richardson President, Univest Bank and Trust Co. — Mike Keim Need a quote from a Motley Fool analyst? Email [email protected] We had a strong start to the year as we reported net income for the first quarter of $27.1 million or $0.96 per share, which was a 24.7% increase compared to earnings per share in Q1 of 2025. Results were solid across our lines of business, resulting in our ROAA improving to 1.33% for the quarter. Additionally, we continue to execute on our initiatives to lower our loan-to-deposit ratio, which on average was 280 basis points lower than Q1 of 2025 and our efficiency ratio, which declined 190 basis points from Q1 of 2025, showing improved operating leverage as we continue to see results from our investments in technology over the past few years. Our strong results for the quarter also resulted in our rewarding our shareholders by increasing our quarterly dividend 4.5% to $0.23 per share and buying back 351,138 shares of our stock during the quarter. Before I pass it over to Brian, I would like to thank the entire Univest family for the great work they do every day and for their continued efforts serving our customers, communities and each other. I'll now turn it over to Brian for further discussion on our results. Brian Richardson: Thank you, Jeff, and thank you to everyone for joining us this morning. I would like to start by touching on 4 items from the earnings release. First, we saw a solid NIM expansion during the quarter with reported NIM increasing 23 basis points to 3.33%. Additionally, core NIM, which excludes excess liquidity of 3.44% increased 7 basis points compared to the fourth quarter. Second, during the quarter, credit quality remained strong, and we recorded a provision for credit losses of $1.3 million. At March 31, nonperforming loans and leases represented approximately 0.25% of total loans, and our allowance for credit losses remained steady at 1.28% of loans held for investments. Net charge-offs for the quarter totaled $1.3 million or 7 basis points annualized. Third, noninterest income increased $1.7 million or 7.5% compared to the first quarter of 2025. When excluding BOLI death benefits, noninterest income increased $2.3 million or 11% compared to the first quarter...
Investor releaseQuarter not tagged2026-04-23Univest (UVSP) Q2 2025 Earnings Transcript
Motley Fool
Univest (UVSP) Q2 2025 Earnings Transcript
Image source: The Motley Fool. Thursday, July 24, 2025, at 9 a.m. ET Chief Executive Officer — Jeff Schweitzer President & Chief Operating Officer — Mike Keim Chief Financial Officer — Brian Richardson Jeff Schweitzer: Thank you, Carly, and good morning, and thank you to all of our listeners for joining us. Joining me on the call this morning is Mike Keim, our Chief Operating Officer and President of Univest Bank and Trust; and Brian Richardson, our Chief Financial Officer. Before we begin, I would like to remind everyone of the forward-looking statements disclaimer. Please be advised that during the course of this conference call, management may make forward-looking statements that express management's intentions, beliefs or expectations within the meaning of the federal securities laws. Univest's actual results may differ materially from those contemplated by these forward-looking statements. I will refer you to the forward-looking cautionary statements in our earnings release and in our SEC filings. Hopefully, everyone had a chance to review our earnings release from yesterday. If not, it can be found on our website at univest.net under the Investor Relations tab. We reported net income of $20 million during the second quarter or $0.69 per share. While loan outstandings contracted by $31.9 million during the quarter, production has remained solid through the first 6 months of the year. However, we continue to be impacted by early payoffs and paydowns. Overall, year-to-date commercial loan production through June 30 was $507 million compared to $402 million in the prior year. However, this has resulted in contraction in loan outstandings year-to-date of $25.4 million compared to growth of $117.6 million in the prior year. While deposits decreased $75.8 million during the quarter, this was predominantly due to the seasonal decline of public funds deposits and a decline in broker deposits. Excluding these declines, deposits increased $77.5 million during the quarter. During the quarter, we recorded $7.8 million of net charge-offs predominantly related to one credit, which accounted for $7.3 million of the charge-offs. The remaining balance of this relationship of $16.4 million has been placed on nonaccrual and is supported by the appraised value of the real estate collateral. As this is still an active situation where fraud is suspected, we will have no furt...
Investor releaseQuarter not tagged2026-04-23Univest Financial Corporation Reports First Quarter Results
GlobeNewswire
Univest Financial Corporation Reports First Quarter Results
(24.7% increase in earnings per share compared to 2025 first quarter) (4.5% increase in dividend) SOUDERTON, Pa., April 22, 2026 (GLOBE NEWSWIRE) -- Univest Financial Corporation (“Univest” or the "Corporation") (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended March 31, 2026 of $27.1 million, or $0.96 diluted earnings per share, compared to net income of $22.4 million, or $0.77 diluted earnings per share, for the quarter ended March 31, 2025. Dividend On April 22, 2026, Univest declared a quarterly cash dividend of $0.23 per share to be paid on May 20, 2026 to shareholders of record as of May 6, 2026, which represents an increase of $0.01 per share, or 4.5%. Univest had last increased its dividend by $0.01 per share in May 2025. One-Time Items The financial results for the quarter included tax-free bank owned life insurance ("BOLI") death benefit proceeds of $372 thousand, which represented $0.01 diluted earnings per share. In addition, the financial results for the quarter included a $427 thousand restructuring charge ($337 thousand after-tax), or $0.01 diluted earnings per share, related to the planned closure of two underutilized facilities: a financial center and a limited purpose banking office. Loans Gross loans and leases increased $25.4 million, or 0.4% (1.6% annualized), from December 31, 2025, primarily due to increases in commercial and commercial real estate loans, partially offset by decreases in construction and residential mortgage loans. Gross loans and leases increased $107.2 million, or 1.6%, from March 31, 2025, driven primarily by growth in construction, commercial, commercial real estate, and home equity loans. This growth was partially offset by a decline in residential mortgage loans, which is consistent with our strategy to focus balance sheet growth on full-relationship customers which will improve our loan-to-deposit ratio. Deposits and Liquidity Total deposits decreased $273.6 million, or 3.9% (15.6% annualized), from December 31, 2025 due to decreases in commercial, consumer, brokered deposits, and public funds, primarily reflecting seasonal public funds runoff during the quarter. Total deposits increased $155.3 million, or 2.3%, from March 31, 2025, primarily due to an increase in commercial dep...