Univest Financial (UVSP) Investor presentation summary

Company overview and market position

• Headquartered in Souderton, PA, with $8.2B in assets and a core presence in Pennsylvania, Southern New Jersey, and Baltimore.

• Ranked 8th largest bank headquartered in Pennsylvania by total assets as of March 31, 2026.

• Diversified business lines include core banking, wealth and trust, and insurance, with $6.9B in deposits and $6.2B in assets under management/supervision.

• Noninterest income represents 25–30% of total revenue, supporting a balanced revenue stream.

• Experienced executive team with long tenures and a focus on operating leverage and digital transformation.

Financial performance and growth

• Reported YTD 2026 earnings of $50M ($1.79/share), with core PTPP-NCO at $67.4M.

• Core PTPP-NCO ROAA at 1.66% and ROATE at 17.63% for YTD 2026, reflecting strong profitability.

• Tangible book value per share grew at an 8.5% CAGR from 2018 to 2026, reaching $28.16.

• Net interest margin (tax-equivalent) at 3.41% and core efficiency ratio at 57.5% YTD 2026.

• Annualized loan growth at 3.6% and deposit contraction at 4.4% YTD 2026.

Balance sheet, liquidity, and capital

• Committed borrowing capacity of $3.7B and uncommitted funding sources of $422M as of June 30, 2026.

• Brokered deposits total $578.6M (7.1% of assets), with additional $1.1B available.

• Estimated unprotected deposits at $1.7B (24.6% of total), with noninterest-bearing deposits at 21.1%.

• Investment portfolio is ~6% of assets, with unrealized losses at ~4% of equity.

• Strong capital ratios: CET1 at 11.19%, tangible common equity to tangible assets at 9.68%.