Key Points – 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. “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.