earnings
confidence high
sentiment negative
materiality 0.65
Univest Q2 net income rises to $20M ($0.69 EPS); fraud charge-off and NPA increase
UNIVEST FINANCIAL Corp
2025-Q2 EPS reported
$1.45
revenue$160,238,000
- Net income $20.0M ($0.69 diluted EPS) vs $18.1M ($0.62) YoY, up 10.5%.
- Net interest income $59.5M (+16.7% YoY); NIM expanded to 3.20% (tax-eq) from 2.84%.
- Nonperforming assets $50.6M (up from $34.0M at Mar 25); $23.7M commercial loan on nonaccrual for suspected fraud, leading to $7.3M charge-off.
- Provision for credit losses $5.7M (vs $2.3M prior qtr); allowance 1.28% unchanged.
- Declared $0.22/share dividend payable Aug 20; repurchased 172,757 shares at avg $28.45.