Univest Financial Q2 net income rises on higher net interest income

Univest Financial

22/07/2026 21:30

    

    Overview
  
US regional bank's Q2 net income and EPS rose yr/yr
Net interest income and margin increased, driven by higher loan balances and lower funding costs
Noninterest income declined due to a loss on sale and write-down of real estate owned

    

    Outlook
  
Company did not provide specific guidance or outlook for future quarters or full yr

    

    Result Drivers
  
NET INTEREST INCOME - Higher average loan balances and lower funding costs drove net interest income growth
LOAN MIX SHIFT - Growth in commercial, construction and commercial real estate loans offset by decline in residential mortgages, reflecting focus on full-relationship customers
NONINTEREST INCOME IMPACT - $5.2 mln loss on other real estate owned weighed on noninterest income

    
Company press release: ID:nGNX4Z9N4q

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.82
 
Q2 Net Interest Income
 
$66.20 mln
 
Q2 Net Interest Margin
 
3.49%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Univest Financial Corp is $43.00, about 3.2% below its July 21 closing price of $44.42
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

    

    Reuters Recommended Reads
  
July 22 - Juniata Valley Q2 profit rises 32% on loan growth, higher interest income
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July 21 - Capital One second-quarter profit rises on higher interest income

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)