Univest Financial (UVSP) Q3 2026 earnings summary

Executive summary

• Q3 net income was $21.6M, or $0.78 diluted EPS, versus $25.6M and $0.89 a year earlier; 9M net income rose 5.3% to $71.6M, or $2.56 per share.

• Deposits rose 6.1% QoQ, while gross loans and leases declined 0.4% QoQ; year-over-year loan growth was 3.4%.

• Elevated credit costs included a $14.4M charge-off tied to one commercial relationship, weighing on Q3 earnings.

Financial highlights

• Q3 net interest income was $67.8M, up 10.5% YoY and 2.3% QoQ; 9M net interest income was $197.4M versus $177.6M.

• Q3 provision for credit losses was $9.0M versus $517K a year earlier; 9M provision was $13.0M versus $8.5M.

• Q3 noninterest income rose 1.6% to $22.3M; noninterest expense increased 6.6% to $54.0M, driven by compensation, marketing and data processing costs.

• Fee income excluding BOLI death benefits rose 6.3% YoY, led by wealth management growth of 10.3%.

Outlook and guidance

• FY26 loan growth outlook remained 2%-3%; net interest income growth outlook increased to 10%-11%.

• FY26 provision expense was expected at $15M-$17M, subject to workout resolutions, loan growth and economic conditions.

• FY26 noninterest income growth was expected at 5%-7%, excluding BOLI death benefits and OREO valuation adjustments; expense growth was expected at 5%-6%, excluding restructuring charges.

• Core NIM was expected to edge up from Q3 to Q4; competition could limit gains, with the rate outlook implying flat-to-slightly-higher NIM.