UVSP · UVSP Q2 FY2026 earnings call record财报电话会记录

“We had a solid second quarter as we reported net income of $23 million, or $0.82 per share, which was an 18.8% increase compared to earnings per share in Q2 of 2025.”

“We also continue to be active with respect to stock buybacks, buying back 425,539 shares of our stock during the quarter.”

“Year-to-date, we have repurchased 776,677 shares.”

“Before I pass it over to Brian, I would like to thank the entire Univest family for the great work they do every day and for their continued efforts serving our customers, communities, and each other.”

“Reported net interest margin expanded 16 basis points from the first quarter to 3.49%.”

“Net interest income increased $2.9 million, or 4.5% compared to the first quarter, and increased $6.7 million, or 11.3% compared to the second quarter of 2025, driven by continued growth in average loan balances, improved asset yields, and a reduction in our overall cost of funds.”

“Net charge-offs for the quarter were $1.9 million or 11 basis points annualized, and our allowance for credit losses coverage ratio remains stable at a 1.28% of total loans held for investment.”

“Net gain on mortgage banking activities increased $365,000 or 37.2% compared to the prior year, primarily due to increased saleable volume and improved margins.”

“Based on our performance during the first half of the year and our current assumptions, we are maintaining our outlook for loan growth of approximately 2%-3%, non-interest income growth of approximately 6%-8%, excluding BOLI death benefits and REO valuation adjustments, non-interest expense growth of 3%-5%, and provisioning of $11 million-$13 million.”

“We are updating our full-year net interest income growth outlook to a range of 8%-10%, reflecting the strength of the first half of the year and continued margin stability.”

“We intend to continue to be active on our buyback plan.”

“We expect that we will continue to be active on the buyback front for the near term for sure.”