Univest Financial Corporation Reports Third Quarter Results
Univest Financial reported Q3 2026 net income of $21.6 million, or $0.78 diluted EPS, down from $25.6 million, or $0.89, a year earlier, driven by a provision for credit losses that jumped to $9.0 million on elevated charge-offs. The quarter was marked by a $14.4 million charge-off on a $28.3 million nonaccrual commercial loan; net charge-offs hit $17.6 million versus $1.9 million in Q2, though nonperforming assets improved to $51.4 million from $63.0 million a quarter ago. Underlying operations strengthened: net interest income rose 10.5% YoY to $67.8 million with a 3.42% margin, and deposits grew 6.1% from the prior quarter.
Key figures
- Eps
- 0.78
- Revenue
- $90.1M (net interest income $67.8M plus noninterest income $22.3M)
- Revenue Yoy
- NII +10.5%; noninterest income +1.6%
- Net income
- 21568000
- Total assets
- 8606406000
- Net charge offs
- 17600000
- Buyback avg price
- 42.5
- Dividend per share
- 0.23
- Shares repurchased
- 301127
- Net interest income
- 67800000
- Nonperforming assets
- 51400000
- Prior year net income
- 25639000
- Net interest margin fte
- 3.42%
- Total deposits growth qoq
- 6.1%
- Provision for credit losses
- 9000000
AI analysis
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