Univest Q2 FY26 net income rises 15% to $23 million; net interest margin widens 29 bps to 3.49%

Nonperforming assets climbed to $63 million from $41.2 million at March 31 after a $28.6 million commercial relationship moved to nonaccrual.

Declared a $0.23 quarterly dividend; repurchased 425,539 shares at an average $38.71, leaving 1,494,260 shares authorized.

Univest posted Q2 net income of $23 million, or $0.82 a share, up from $20 million, or $0.69 a share, a year earlier.

Net interest income rose 11.3% from a year earlier to $66.2 million; net interest margin widened 29 basis points to 3.49%.