Univest Corporation Pennsylvania

Univest Financial Corporation is the bank holding company for Univest Bank and Trust Co., providing banking services in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment serves individuals, businesses, municipalities, and non-profit organizations with deposit taking, loan origination and servicing, mortgage banking, other general banking services, and equipment lease financing. The Wealth Management segment offers investment advisory, financial planning and trust, and brokerage services, while the Insurance segment provides full-service insurance brokerage, including commercial property and casualty insurance, employee benefit solutions, personal insurance lines, and human resources consulting. The company was formerly known as Univest Corporation of Pennsylvania and changed its name to Univest Financial Corporation in January 2019. It was founded in 1876 and is headquartered in Souderton, Pennsylvania.

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Univest Q2 EPS rises 18.8% despite OREO charge

Univest Corporation of Pennsylvania reported second-quarter 2026 net income of $23 million, or $0.82 per share, with earnings per share up 18.8% from a year earlier. The quarter included a $5.2 million pre-tax valuation adjustment on an OREO property that reduced after-tax earnings by $4.1 million, or $0.15 per diluted share. 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, driven by higher loan balances, improved asset yields and lower funding costs. Management expects full-year net interest income growth of 8% to 10% and maintained its outlook for loan growth of approximately 2% to 3%. Credit quality was a focus after a $28.6 million commercial loan was placed on non-accrual status with a $9.8 million specific reserve, while the company continued share repurchases and remains open to M&A.

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