Univest Financial Q3 profit falls to $21.6 million on higher credit loss provision
Univest Financial reported third quarter 2026 net income of $21.6 million, or $0.78 per diluted share, down from $25.6 million, or $0.89, a year earlier. The company attributed the decline primarily to a higher provision for credit losses tied to elevated charge-offs, including a $14.4 million charge-off on a commercial loan relationship. Net interest income rose 10.5% from a year earlier, and the board declared a $0.23 quarterly dividend.
Key points
- Net income was $21.6 million, or $0.78 per diluted share, versus $25.6 million, or $0.89, in the third quarter of 2025.
- Provision for credit losses was $9.0 million, compared with $517 thousand a year earlier; net loan and lease charge-offs were $17.6 million.
- Net interest income rose $6.4 million, or 10.5%, to $67.8 million; net interest margin was 3.42%, compared with 3.17% a year earlier.
- Quarterly cash dividend of $0.23 per share declared October 28, 2026, payable November 25, 2026 to holders of record as of November 11, 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.