Univest Financial Corporation (NASDAQ:UVSP), a Pennsylvania-based bank holding company headquartered in Souderton, filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 3, 2026.

Key Highlights

  • Third-quarter net income: $21,568 thousand ($0.78 per basic and diluted share), compared with $25,639 thousand ($0.89 per share) in the third quarter of 2025, according to the filing.
  • Nine-month net income: $71,613 thousand, or $2.58 basic and $2.56 diluted per share, versus $68,012 thousand for the same period in 2025.
  • Net interest income: $67,761 thousand for the three months ended September 30, 2026, up from $61,324 thousand in the year-earlier quarter.
  • Provision for credit losses: $8,997 thousand in Q3 2026, compared with $517 thousand in Q3 2025.
  • Total assets: $8,606,406 thousand at September 30, 2026, up from $8,436,897 thousand at December 31, 2025.
  • Loans and leases held for investment: $7,014,437 thousand at September 30, 2026, compared with $6,914,804 thousand at December 31, 2025.
  • Shares outstanding: 27,143,896 as of November 2, 2026, with 4,250,423 treasury shares held at cost of $119,883 thousand.

Univest Financial's Quarterly Results: Lending Growth, Higher Provisions, and Fee Income

Univest Financial Corporation, the holding company for a community banking franchise serving Pennsylvania, reported total interest income of $112,891 thousand for the three months ended September 30, 2026, rising from $109,648 thousand in the comparable prior-year quarter. Interest and fees on loans and leases contributed $104,828 thousand of that total. Total interest expense declined to $45,130 thousand from $48,324 thousand in Q3 2025, driven in part by a reduction in interest on deposits to $42,106 thousand from $43,618 thousand, according to the filing.

The company's allowance for credit losses on loans and leases stood at $80,950 thousand at September 30, 2026, down from $88,165 thousand at December 31, 2025, even as the Q3 2026 provision for credit losses rose substantially to $8,997 thousand from $517 thousand in Q3 2025. The nine-month provision totaled $12,972 thousand versus $8,522 thousand in the prior-year period. The filing also reported a net loss on sales and write-downs of other real estate owned of $5,249 thousand for the nine months ended September 30, 2026, compared with a gain of $4 thousand in the same 2025 period.

Noninterest income for the quarter reached $22,269 thousand, supported by investment advisory commission and fee income of $6,433 thousand and insurance commission and fee income of $5,433 thousand. Total noninterest expense for the quarter was $54,002 thousand, with salaries, benefits and commissions accounting for $34,245 thousand. The company recorded $427 thousand in restructuring charges for the nine months ended September 30, 2026, with no comparable charge in the prior-year period. Total deposits grew to $7,354,520 thousand from $7,087,313 thousand at year-end 2025, while long-term debt decreased to $125,000 thousand from $200,000 thousand.

What Was Disclosed

Univest Financial filed an unaudited quarterly report covering balance sheet, income, comprehensive income, and cash flow data for the three and nine months ended September 30, 2026, with 27,143,896 common shares outstanding as of November 2, 2026, and total assets of $8,606,406 thousand.