Univest Financial Corporation (UVSP) Earnings
Univest Financial Corporation is expected to report next earnings on July 22, 2026 (in NaN days), with a consensus EPS estimate of $0.86. UVSP has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +9.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.84 | $0.96 | +14.3% | $87M | +3.7% |
| Jan 28, 2026 | $0.78 | $0.79 | +1.3% | $85M | +0.1% |
| Oct 22, 2025 | $0.71 | $0.89 | +25.4% | $83M | +1.9% |
| Jul 23, 2025 | $0.71 | $0.69 | -2.8% | $81M | -0.1% |
| Apr 23, 2025 | $0.64 | $0.77 | +20.3% | $79M | +3.3% |
| Jan 22, 2025 | $0.57 | $0.65 | +14.0% | $77M | +4.6% |
| Oct 23, 2024 | $0.54 | $0.63 | +16.7% | $73M | +0.2% |
| Jul 24, 2024 | $0.51 | $0.62 | +21.6% | $72M | -0.8% |
| Jan 24, 2024 | $0.47 | $0.56 | +19.1% | $71M | -2.6% |
| Oct 25, 2023 | $0.55 | $0.58 | +5.5% | $72M | -1.7% |
| Jul 26, 2023 | $0.57 | $0.62 | +8.8% | $74M | -0.9% |
| Jan 25, 2023 | $0.74 | $0.82 | +10.8% | $82M | +5.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Jeff Schweizer began by highlighting a strong first quarter with net income of $27.1 million or 96 cents per share, a 24.7% increase from Q1 2025. ROAA improved to 1.33%, and they were working on lowering loan-to-deposit ratio and efficiency ratio. He thanked the Univest family. Brian Richardson then detailed NIM expansion, with reported NIM at 3.33% and core NIM at 3.44%. Credit quality was strong with low non-performing loans and steady allowance for credit losses. Non-interest income increased by $1.7 million (7.5%), driven by various fee incomes. Non-interest expense rose by $3.3 million (6.8%) with restructuring charges and medical claims expense impacts. Brian also discussed the 2026 outlook, including loan growth, provisioning, non-interest expense growth, updated net interest income growth outlook, and effective tax rate expectations. Jeff closed by mentioning the upcoming shareholders meeting.
Guidance
Maintaining loan growth outlook of approximately 2% to 3%, provisioning range of $11 to $13 million, non-interest expense growth of approximately 6% to 8% excluding boldly death benefits and 3% to 5% including. Updating full-year net interest income growth outlook to 5% to 7%. Effective tax rate expected to remain in the 20% to 21% range.
Analyst Q&A
Q: Inquired about deposit cost reductions, spot rate at quarter end and room to lower deposit costs.
A: Spot overall book was down 10 basis points from 1231 to 331. CDs are churning with replacement dollars at lower cost, but growing deposits may pressure cost of funds, expecting relative stability near term.
Q: Asked about cash balances decrease, liquidity and deployment.
A: Cash decrease was due to seasonality of public funds runoff, expected runoff to continue into second quarter, normally hitting trough end of second quarter, then cash would build.
Q: Questioned loan pipeline expectations for growth and competitive conditions.
A: Pipeline was solid for the second quarter, prepayment activity normalizing, with $23 million net growth on the commercial side. Competitive on CRE side, more competitive on permit takeout and strong C&I credits, but still playing in niches with strong pricing.
Q: Wondered about number of Fed rate cuts baked into expectations and impact on NIM.
A: Initial guidance was based on two rate cuts, but first couple of rate cuts not overly impactful to NII or NIM in the near term, not expecting impact on guidance from rate cut changes.
Q: Asked about capital deployment and buyback story.
A: Don't anticipate pulling back on buybacks, balancing loan growth and ratios, CET1 monitored at 1132 and looking to ratchet back to 1120.
Q: Inquired about other capital priorities and M&A.
A: Keep dry powder for potential M&A, currently best use of capital is buyback shares, open to opportunistic M&A, having worked on internal projects, better positioned to consider M&A.
Q: Questioned credit front, looking out for borrower trends.
A: No concerning trends in the portfolio, looking at impact of higher fuel, energy, and fertilizer costs, with ag book customers mostly having bought fertilizer in advance, a next year consideration.
Q: Asked about portion of loan book quoting.
A: About a third of the loan book is purely floating, 30% is fixed, and the remainder is adjustable with longer reset dates.
Q: Chris Reynolds commented on earnings and stock performance.
A: Chris Reynolds noted significant earnings increase since 2009, market cap growth, stock looking undervalued, supported stock repurchase, thinking the stock likely to continue moving higher.