UNIVEST FINANCIAL Corp — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Univest Financial reported Q3 2026 net income of $21.6M ($0.78 diluted EPS) vs. $25.6M ($0.89 EPS) in Q3 2025—a 15.6% YoY decline. The primary driver was a $9.0M provision for credit losses (vs. $0.5M in Q3 2025) due to elevated charge-offs: $17.6M in Q3 2026 vs. $0.5M in Q3 2025, largely from two commercial loan relationships totaling $28.3M (including a $14.4M charge-off on a $28.3M relationship). Deposits grew $421.5M QoQ (6.1%) and $136.4M YoY (1.9%); gross loans declined $27.5M QoQ but grew $229.0M YoY. The company declared a $0.23/share dividend and repurchased 301,127 shares at $42.50 average price. Net interest income improved 10.5% YoY to $67.8M.
Why this rating
Charge-offs 36x higher YoY relative to small loan loss base; $17.6M provision material for $852.6M company (2.1% of equity). Earnings decline moderate. No systemic asset quality crisis yet—nonperforming ratio 0.60% still reasonable. Offset by deposit growth and NII strength.
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