Form 8-K

8-K — UNIVEST FINANCIAL Corp

Accession: 0000102212-26-000033

Filed: 2026-07-23

Period: 2026-07-22

CIK: 0000102212

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — uvsp-20260722.htm (Primary)

EX-99.1 (exhibit991earningsrelease6.htm)

GRAPHIC (logo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: uvsp-20260722.htm · Sequence: 1

uvsp-20260722

0000102212FALSE00001022122026-07-222026-07-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_______________________

FORM 8-K

_______________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 22, 2026

_______________________

UNIVEST FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Pennsylvania 0-7617 23-1886144

(State or other jurisdiction (Commission (I.R.S. Employer

of incorporation) File Number) Identification No.)

14 North Main Street, Souderton, Pennsylvania 18964

(Address of principal executive office)(Zip Code)

Registrant’s telephone number, including area code (215) 721-2400

Not applicable

(Former name or former address, if changed since last report)

_______________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2 (b))

☐ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c))

Securities registered pursuant to Section 12(b) of the Act:

Title of class Trading Symbol Name of exchange on which registered

Common Stock, $5 par value UVSP The NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicated by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition

On July 22, 2026, Univest Financial Corporation (the “Corporation”), parent company of Univest Bank and Trust Co. (the "Bank"), issued a press release reporting 2026 second quarter earnings. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(a) Not applicable

(b) Not applicable

(d) Exhibits

Exhibit No. Description of Document

99.1

Press release issued by Univest Financial Corporation on July 22, 2026

104 The cover page from the Corporation's Form 8-K, formatted in Inline XBRL

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Univest Financial Corporation

By: /s/ Brian J. Richardson

Name: Brian J. Richardson

Title: Senior Executive Vice President,

Chief Financial Officer

July 23, 2026

EXHIBIT INDEX

Exhibit No. Description of Document

99.1

Press release issued by Univest Financial Corporation on July 22, 2026

104 The cover page from the Corporation's Form 8-K, formatted in Inline XBRL

EX-99.1

Filename: exhibit991earningsrelease6.htm · Sequence: 2

Document

Exhibit 99.1

NEWS

CONTACT: Brian J. Richardson

UNIVEST FINANCIAL CORPORATION

Chief Financial Officer

215-721-2446, richardsonb@univest.net

FOR IMMEDIATE RELEASE

UNIVEST FINANCIAL CORPORATION REPORTS SECOND QUARTER RESULTS

(18.8% increase in earnings per share compared to 2025 second quarter)

SOUDERTON, Pa., July 22, 2026 - Univest Financial Corporation (“Univest” or the "Corporation") (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended June 30, 2026 of $23.0 million, or $0.82 diluted earnings per share, compared to net income of $20.0 million, or $0.69 diluted earnings per share, for the quarter ended June 30, 2025.

Notable Non-Core Items

The financial results for the quarter included a pre-tax charge of $5.2 million ($4.1 million after-tax), or $0.15 diluted earnings per share, related to a valuation adjustment on an other real estate owned ("OREO") property. The adjustment was recorded based on an updated appraisal which reflects the property's estimated fair value less costs to sell. The property was initially transferred to OREO during the quarter ended June 30, 2022 and was listed for sale during the quarter ended June 30, 2025. The financial results for the quarter also included tax-free bank owned life insurance ("BOLI") death benefit proceeds of $708 thousand, which represented $0.03 diluted earnings per share.

Loans

Gross loans and leases increased $101.7 million, or 1.5% (6.0% annualized), from March 31, 2026, $127.2 million, or 1.8% (3.6% annualized), from December 31, 2025, and $240.8 million, or 3.5%, from June 30, 2025. The increases during these periods were primarily driven by growth in commercial, construction and commercial real estate loans. This growth was partially offset by a decline in residential mortgage loans, which is consistent with our strategy to focus balance sheet growth on full-relationship customers, which will improve our loan-to-deposit ratio.

Deposits and Liquidity

Total deposits increased $119.2 million, or 1.8% (7.2% annualized), from March 31, 2026, primarily due to increases in commercial, consumer and brokered deposits, partially offset by a seasonal decrease in public funds deposits. Total deposits decreased $154.3 million, or 2.2% (4.4% annualized), from December 31, 2025, primarily due to decreases in consumer and public funds deposits, partially offset by increases in commercial and brokered deposits. Total deposits increased $350.3 million, or 5.3%, from June 30, 2025, primarily due to increases in commercial and brokered deposits.

Noninterest-bearing deposits totaled $1.5 billion and represented 21.1% of total deposits at June 30, 2026, compared to $1.5 billion representing 21.7% of total deposits at March 31, 2026. Unprotected deposits, which excludes insured, internal, and collateralized deposit accounts, totaled $1.7 billion and $1.6 billion at June 30, 2026 and March 31, 2026, respectively. This represented 24.6% of total deposits at June 30, 2026, compared to 23.7% at March 31, 2026.

As of June 30, 2026, the Corporation and its subsidiaries held cash and cash equivalents totaling $195.3 million. The Corporation and its subsidiaries had committed borrowing capacity of $3.7 billion, of which $2.4 billion was available. The Corporation and its subsidiaries also maintained uncommitted funding sources from correspondent banks of $422.0 million at June 30, 2026. Future availability under these uncommitted funding sources is subject to the prerogatives of the granting banks and may be withdrawn at will.

Net Interest Income and Margin

Net interest income of $66.2 million for the second quarter of 2026 increased $6.7 million, or 11.3%, from the second quarter of 2025 and $2.9 million, or 4.5%, from the first quarter of 2026. The increase in net interest income for the second quarter of 2026 compared to the second quarter of 2025 was driven by higher average balances of loans, coupled with a reduction in our cost of funds, as lower rates paid on interest‑bearing liabilities more than offset the impact of higher average balances of these liabilities. The increase in net interest income for the second quarter of 2026 compared to the first quarter of 2026 was driven by higher average balances and yields on loans, coupled with a modest reduction in our cost of funds and a decrease in the average balance of interest-bearing liabilities, partially offset by lower average balances of interest-earning deposits with other banks.

Net interest margin, on a tax-equivalent basis, was 3.49% for the second quarter of 2026, compared to 3.33% for the first quarter of 2026 and 3.20% for the second quarter of 2025. Excess liquidity reduced net interest margin by approximately four basis points for the quarter ended June 30, 2026 compared to approximately 11 basis points for the quarter ended March 31, 2026 and approximately four basis points for the quarter ended June 30, 2025. Excluding the impact of excess liquidity, the net interest margin, on

a tax-equivalent basis, would have been 3.53% for the quarter ended June 30, 2026 compared to 3.44% for the first quarter of 2026 and 3.24% for the quarter ended June 30, 2025.

Noninterest Income

Noninterest income for the quarter ended June 30, 2026 was $18.1 million, a decrease of $3.4 million, or 15.8%, from the comparable period in the prior year, primarily due to the net loss on the sale and write-down of OREO of $5.2 million for the quarter ended June 30, 2026, due to the valuation adjustment recorded during the quarter as previously mentioned.

BOLI income increased $686 thousand, or 67.8%, for the quarter ended June 30, 2026 compared to the comparable period in the prior year. The financial results for the three months ended June 30, 2026 included $708 thousand in BOLI death benefit proceeds compared to $71 thousand for the three months ended June 30, 2025.

Investment advisory commission and fee income increased $583 thousand, or 10.7%, for the quarter ended June 30, 2026 compared to the comparable period in the prior year, driven by appreciation in assets under management and new customer relationships.

Net gain on mortgage banking activities increased $365 thousand, or 37.2%, for the quarter ended June 30, 2026 compared to the comparable period in the prior year, primarily due to increased salable volume and increased margins.

Noninterest Expense

Noninterest expense for the quarter ended June 30, 2026 was $53.1 million, an increase of $2.8 million, or 5.5%, from the comparable period in the prior year.

Salaries, benefits and commissions increased $1.7 million, or 5.3%, for the quarter ended June 30, 2026 compared to the comparable period in the prior year, primarily driven by higher salary expense of $1.3 million due to annual merit increases and an increase of $375 thousand in medical claims expenses.

Marketing and advertising expense increased $490 thousand, or 98.4%, for the quarter ended June 30, 2026 compared to the comparable period in the prior year. This increase was primarily driven by the inclusion of certain sponsorship activities that were historically reported in Other Expense and the Corporation's entry into a sponsorship agreement with a local university, enhancing community engagement and visibility.

Professional fees increased $432 thousand, or 27.1%, for the quarter ended June 30, 2026 compared to the comparable period in the prior year, primarily due to increased marketing consultant fees.

Tax Provision

The effective income tax rate was 19.6% for the quarter ended June 30, 2026, compared to an effective tax rate of 20.1% for the quarter ended June 30, 2025. The effective tax rates for the three months ended June 30, 2026 and 2025 were favorably impacted by proceeds of BOLI death benefit proceeds. Excluding the BOLI death benefit proceeds, the effective tax rate was 20.1% for the three months ended June 30, 2026 compared to 20.2% for the three months ended June 30, 2025. The effective tax rate for the quarter ended June 30, 2026, also reflected a discrete tax benefit related to equity compensation awards.

Asset Quality and Provision for Credit Losses

Nonperforming assets totaled $63.0 million at June 30, 2026, $41.2 million at March 31, 2026, and $50.6 million at June 30, 2025. During the second quarter, a commercial loan relationship totaling $28.6 million was placed on nonaccrual status with a specific reserve of $9.8 million. This increase was partially offset by the valuation adjustment recorded on OREO during the quarter.

Net loan and lease charge-offs were $1.9 million for the three months ended June 30, 2026 compared to $1.3 million and $7.8 million for the three months ended March 31, 2026 and June 30, 2025, respectively. Net loan and lease charge-offs for the three months ended June 30, 2025 included a $7.3 million charge-off associated with a nonaccrual commercial loan relationship.

The provision for credit losses was $2.7 million for the three months ended June 30, 2026 compared to $1.3 million and $5.7 million for the three months ended March 31, 2026 and June 30, 2025, respectively. The allowance for credit losses on loans and leases as a percentage of loans and leases held for investment was 1.28% at June 30, 2026, March 31, 2026, and June 30, 2025.

Dividend and Share Repurchases

On July 22, 2026, Univest declared a quarterly cash dividend of $0.23 per share to be paid on August 19, 2026 to shareholders of record as of August 5, 2026. During the quarter ended June 30, 2026, the Corporation repurchased 425,539 shares of common stock at an average price of $38.71 per share. Including brokerage fees and excise tax, the average cost per share was $39.13. As of June 30, 2026, 1,494,260 shares are available for repurchase under the Share Repurchase Plan.

Conference Call

Univest will host a conference call to discuss second quarter 2026 results on Thursday, July 23, 2026 at 9:00 a.m. EDT. Participants may preregister at https://registrations.events/direct/Q4I3774017. The

general public can access the call by dialing 1-888-500-3691; referencing Conference ID 37740 or "Univest Financial Corporation Second Quarter 2026 Earnings Call" to the operator. A replay of the conference call will be available through July 30, 2026 using the following link: https://registrations.events/direct/Q4I3774017.

About Univest Financial Corporation

Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $8.2 billion in assets and $6.2 billion in assets under management and supervision through its Wealth Management lines of business at June 30, 2026. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices and online at www.univest.net.

# # #

This press release and the reports Univest files with the Securities and Exchange Commission often contain "forward-looking statements" relating to trends or factors affecting the financial services industry and, specifically, the financial condition and results of operations, business, prospects and strategies of Univest.

These forward-looking statements involve certain risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. There are a number of important factors that could cause Univest's future financial condition, results of operations, business, prospects or strategies to differ materially from those expressed or implied by the forward-looking statements. These factors include, but are not limited to: (1) competition and demand for financial services in our market area; (2) inflation and/or changes in interest rates, which may adversely impact our margins and yields, reduce the fair value of our financial instruments, reduce our loan originations and/or lead to higher operating costs and higher costs we pay to retain and attract deposits; (3) changes in asset quality, prepayment speeds, loan sale volumes, charge-offs and/or credit loss provisions; (4) fluctuations in real estate values and both residential and commercial real estate market conditions; (5) changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; (6) our ability to access cost-effective funding; (7) changes in economic conditions nationally and in our market, including potential recessionary conditions and the levels of unemployment in our market area; (8) changes in the economic assumptions or methodology used to calculate our allowance for credit losses; (9) legislative, regulatory, accounting or tax changes; (10) monetary and fiscal policies of the U.S. government, including the policies of the Board of Governors of the Federal Reserve System; (11) the effectiveness of our risk management processes and procedures; (12) the ability to maintain and increase market share and control expenses; (13) the imposition of tariffs or other domestic or international governmental policies, trade restrictions and retaliatory measures impacting our borrowers and the broader economy; (14) the impact of a potential government shutdown, debt ceiling impasses or fiscal uncertainty; (15) the failure to maintain current technologies and to successfully implement future information technology enhancements and the operational risks associated with the adoption of artificial intelligence and other emerging technologies; (16) risks associated with cybersecurity threats, data breaches, ransomware attacks, or other failures in our operational or security systems and infrastructure, including the risks arising from our dependence on third-party service providers and vendors; (17) changes in the securities markets; (18) the current or anticipated impact of military conflict, terrorism or other geopolitical events; (19) the ability to attract, develop and retain qualified personnel in a competitive labor market; (20) our ability to enter into new markets successfully and capitalize on growth opportunities; (21) changes in investor sentiment or consumer spending or savings behavior; and/or (22) risk factors mentioned in the reports and registration statements Univest files with the Securities and Exchange Commission.

(UVSP - ER)

Univest Financial Corporation

Consolidated Selected Financial Data (Unaudited)

June 30, 2026

(Dollars in thousands)

Balance Sheet (Period End) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

ASSETS

Cash and due from banks $ 79,490 $ 69,645 $ 63,579 $ 70,843 $ 76,624

Interest-earning deposits with other banks 115,835 152,712 490,133 745,896 83,741

Cash and cash equivalents 195,325 222,357 553,712 816,739 160,365

Investment securities held-to-maturity 116,207 119,490 123,024 126,040 128,455

Investment securities available for sale, net of allowance for credit losses 378,586 379,028 371,251 368,393 366,421

Investments in equity securities 2,705 2,898 2,014 2,413 1,801

Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 32,798 35,511 37,808 39,617 36,482

Loans held for sale 13,237 14,371 15,288 6,330 17,774

Loans and leases held for investment 7,041,957 6,940,212 6,914,804 6,785,482 6,801,185

Less: Allowance for credit losses, loans and leases (89,967) (88,900) (88,165) (86,527) (86,989)

Net loans and leases held for investment 6,951,990 6,851,312 6,826,639 6,698,955 6,714,196

Premises and equipment, net 44,373 44,774 45,554 46,245 47,140

Operating lease right-of-use assets 24,267 25,032 25,795 26,536 27,278

Goodwill 175,510 175,510 175,510 175,510 175,510

Other intangibles, net of accumulated amortization 7,850 7,583 7,328 7,537 7,967

Bank owned life insurance 142,130 142,141 140,001 139,044 140,086

Accrued interest and other assets 118,014 121,575 112,973 120,257 115,581

Total assets $ 8,202,992 $ 8,141,582 $ 8,436,897 $ 8,573,616 $ 7,939,056

LIABILITIES

Noninterest-bearing deposits $ 1,463,965 $ 1,475,851 $ 1,431,974 $ 1,390,565 $ 1,461,189

Interest-bearing deposits: 5,469,043 5,337,912 5,655,339 5,827,578 5,121,471

Total deposits 6,933,008 6,813,763 7,087,313 7,218,143 6,582,660

Short-term borrowings 18,826 26,156 24,411 11,951 6,271

Long-term debt 125,000 175,000 200,000 200,000 200,000

Subordinated notes 98,994 98,908 98,867 129,597 149,511

Operating lease liabilities 26,863 27,699 28,531 29,310 30,106

Accrued expenses and other liabilities 46,048 48,106 54,457 51,396 53,775

Total liabilities 7,248,739 7,189,632 7,493,579 7,640,397 7,022,323

SHAREHOLDERS' EQUITY

Common stock, $5 par value: 48,000,000 shares authorized and 31,556,799 shares issued 157,784 157,784 157,784 157,784 157,784

Additional paid-in capital 302,549 301,154 304,021 302,696 301,640

Retained earnings 628,327 611,771 591,202 574,715 555,403

Accumulated other comprehensive loss, net of tax benefit (26,728) (25,951) (25,467) (31,636) (34,969)

Treasury stock, at cost (107,679) (92,808) (84,222) (70,340) (63,125)

Total shareholders’ equity 954,253 951,950 943,318 933,219 916,733

Total liabilities and shareholders’ equity $ 8,202,992 $ 8,141,582 $ 8,436,897 $ 8,573,616 $ 7,939,056

For the three months ended, For the six months ended,

Balance Sheet (Average) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 6/30/2025

Assets $ 8,132,913 $ 8,250,766 $ 8,528,465 $ 8,191,010 $ 7,979,475 $ 8,191,514 $ 7,980,254

Investment securities, net of allowance for credit losses 502,065 499,078 497,201 492,197 497,214 500,579 498,638

Loans and leases, gross 7,008,079 6,939,600 6,848,654 6,790,827 6,846,938 6,974,029 6,851,694

Deposits 6,843,709 6,891,928 7,165,437 6,836,043 6,633,250 6,867,685 6,625,494

Shareholders' equity 951,863 949,509 936,417 923,454 908,536 950,693 902,706

Univest Financial Corporation

Consolidated Summary of Loans by Type and Asset Quality Data (Unaudited)

June 30, 2026

(Dollars in thousands)

Summary of Major Loan and Lease Categories (Period End) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Commercial, financial and agricultural $ 1,081,624 $ 1,038,947 $ 1,027,434 $ 996,612 $ 1,052,246

Real estate-commercial 3,684,721 3,656,779 3,621,536 3,517,803 3,485,615

Real estate-construction 329,558 299,962 306,793 309,365 302,424

Real estate-residential secured for business purpose 576,326 556,040 554,178 545,191 535,210

Real estate-residential secured for personal purpose 911,116 942,054 959,610 974,395 984,166

Real estate-home equity secured for personal purpose 205,502 201,244 200,394 197,503 195,014

Loans to individuals 12,342 12,319 12,793 13,447 14,069

Lease financings 240,768 232,867 232,066 231,166 232,441

Total loans and leases held for investment, net of deferred income 7,041,957 6,940,212 6,914,804 6,785,482 6,801,185

Less: Allowance for credit losses, loans and leases (89,967) (88,900) (88,165) (86,527) (86,989)

Net loans and leases held for investment $ 6,951,990 $ 6,851,312 $ 6,826,639 $ 6,698,955 $ 6,714,196

Asset Quality Data (Period End) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Nonaccrual loans and leases $ 43,897 $ 13,289 $ 13,743 $ 27,330 $ 27,909

Accruing loans and leases 90 days or more past due 160 3,750 89 829 125

Total nonperforming loans and leases 44,057 17,039 13,832 28,159 28,034

Other real estate owned 18,914 24,073 23,926 23,926 22,471

Repossessed assets 10 124 65 40 80

Total nonperforming assets $ 62,981 $ 41,236 $ 37,823 $ 52,125 $ 50,585

Nonaccrual loans and leases / Loans and leases held for investment 0.62 % 0.19 % 0.20 % 0.40 % 0.41 %

Nonperforming loans and leases / Loans and leases held for investment 0.63 % 0.25 % 0.20 % 0.41 % 0.41 %

Nonperforming assets / Total assets 0.77 % 0.51 % 0.45 % 0.61 % 0.64 %

Allowance for credit losses, loans and leases $ 89,967 $ 88,900 $ 88,165 $ 86,527 $ 86,989

Allowance for credit losses, loans and leases / Loans and leases held for investment 1.28 % 1.28 % 1.28 % 1.28 % 1.28 %

Allowance for credit losses, loans and leases / Nonaccrual loans and leases 204.95 % 668.97 % 641.53 % 316.60 % 311.69 %

Allowance for credit losses, loans and leases / Nonperforming loans and leases 204.21 % 521.74 % 637.40 % 307.28 % 310.30 %

For the three months ended, For the six months ended,

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 6/30/2025

Net loan and lease charge-offs $ 1,932 $ 1,263 $ 1,145 $ 480 $ 7,807 $ 3,195 $ 9,493

Net loan and lease charge-offs (annualized)/Average loans and leases 0.11 % 0.07 % 0.07 % 0.03 % 0.46 % 0.09 % 0.28 %

Univest Financial Corporation

Consolidated Selected Financial Data (Unaudited)

June 30, 2026

(Dollars in thousands, except per share data)

For the three months ended, For the six months ended,

For the period: 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 6/30/2025

Interest income $ 108,129 $ 106,351 $ 111,716 $ 109,648 $ 105,706 $ 214,480 $ 209,122

Interest expense 41,881 42,986 49,167 48,324 46,165 84,867 92,800

Net interest income 66,248 63,365 62,549 61,324 59,541 129,613 116,322

Provision for credit losses 2,672 1,303 3,145 517 5,694 3,975 8,005

Net interest income after provision for credit losses 63,576 62,062 59,404 60,807 53,847 125,638 108,317

Noninterest income:

Trust fee income 2,283 2,236 2,316 2,230 2,146 4,519 4,307

Service charges on deposit accounts 2,363 2,279 2,237 2,302 2,258 4,642 4,452

Investment advisory commission and fee income 6,043 6,154 6,055 5,671 5,460 12,197 11,073

Insurance commission and fee income 5,351 7,423 4,825 5,468 5,261 12,774 12,150

Other service fee income 3,319 3,041 2,668 2,416 3,147 6,360 5,854

Bank owned life insurance income 1,698 1,332 970 1,908 1,012 3,030 2,971

Net gain on investment securities transactions 11 — — — — 11 —

Net gain on mortgage banking activities 1,346 791 886 848 981 2,137 1,628

Net (loss) gain on sales and write-downs of other real estate owned (5,249) — — — — (5,249) 4

Other income 941 832 2,065 1,080 1,236 1,773 1,477

Total noninterest income 18,106 24,088 22,022 21,923 21,501 42,194 43,916

Noninterest expense:

Salaries, benefits and commissions 33,208 33,459 33,009 31,652 31,536 66,667 62,362

Net occupancy 2,938 2,998 2,882 2,675 2,739 5,936 5,592

Equipment 1,122 1,079 1,052 1,076 1,043 2,201 2,165

Data processing 4,627 4,480 4,390 4,263 4,408 9,107 8,772

Professional fees 2,029 1,677 1,947 1,876 1,597 3,706 3,394

Marketing and advertising 988 634 479 323 498 1,622 851

Deposit insurance premiums 1,118 1,170 1,106 1,195 1,074 2,288 2,225

Intangible expenses 92 93 102 106 131 185 261

Restructuring charges — 427 — — — 427 —

Other expense 7,002 6,652 7,743 7,503 7,306 13,654 14,038

Total noninterest expense 53,124 52,669 52,710 50,669 50,332 105,793 99,660

Income before taxes 28,558 33,481 28,716 32,061 25,016 62,039 52,573

Income tax expense 5,605 6,389 5,971 6,422 5,038 11,994 10,200

Net income $ 22,953 $ 27,092 $ 22,745 $ 25,639 $ 19,978 $ 50,045 $ 42,373

Net income per share:

Basic $ 0.83 $ 0.97 $ 0.80 $ 0.89 $ 0.69 $ 1.79 $ 1.46

Diluted $ 0.82 $ 0.96 $ 0.79 $ 0.89 $ 0.69 $ 1.78 $ 1.45

Dividends declared per share $ 0.23 $ 0.22 $ 0.22 $ 0.22 $ 0.22 $ 0.45 $ 0.43

Weighted average shares outstanding 27,741,836 28,032,897 28,376,191 28,716,582 28,859,348 27,886,563 28,929,123

Period end shares outstanding 27,585,768 27,949,173 28,156,917 28,576,346 28,810,805 27,585,768 28,810,805

Univest Financial Corporation

Consolidated Selected Financial Data (Unaudited)

June 30, 2026

For the three months ended, For the six months ended,

Profitability Ratios (annualized) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 6/30/2025

Return on average assets 1.13 % 1.33 % 1.06 % 1.24 % 1.00 % 1.23 % 1.07 %

Return on average assets, excluding restructuring charges (1) 1.13 % 1.35 % 1.06 % 1.24 % 1.00 % 1.24 % 1.07 %

Return on average shareholders' equity 9.67 % 11.57 % 9.64 % 11.02 % 8.82 % 10.62 % 9.47 %

Return on average shareholder's equity, excluding restructuring charges (1) 9.67 % 11.72 % 9.64 % 11.02 % 8.82 % 10.69 % 9.47 %

Return on average tangible common equity (1)(3) 11.93 % 14.27 % 11.93 % 13.68 % 11.02 % 13.09 % 11.84 %

Return on average tangible common equity, excluding restructuring charges (1)(3) 11.93 % 14.45 % 11.93 % 13.68 % 11.02 % 13.18 % 11.84 %

Net interest margin (FTE) 3.49 % 3.33 % 3.10 % 3.17 % 3.20 % 3.41 % 3.14 %

Efficiency ratio (2) 62.3 % 59.7 % 61.8 % 60.2 % 61.6 % 60.9 % 61.6 %

Capitalization Ratios

Dividends declared to net income 27.9 % 22.8 % 27.5 % 24.7 % 31.8 % 25.1 % 29.4 %

Shareholders' equity to assets (Period End) 11.63 % 11.69 % 11.18 % 10.88 % 11.55 % 11.63 % 11.55 %

Tangible common equity to tangible assets (1) 9.68 % 9.72 % 9.27 % 9.00 % 9.52 % 9.68 % 9.52 %

Common equity book value per share $ 34.59 $ 34.06 $ 33.50 $ 32.66 $ 31.82 $ 34.59 $ 31.82

Tangible common equity book value per share (1) $ 28.16 $ 27.71 $ 27.20 $ 26.45 $ 25.66 $ 28.16 $ 25.66

Regulatory Capital Ratios (Period End)

Tier 1 leverage ratio 10.13 % 9.95 % 9.51 % 9.85 % 9.94 % 10.13 % 9.94 %

Common equity tier 1 risk-based capital ratio 11.19 % 11.32 % 11.22 % 11.40 % 11.19 % 11.19 % 11.19 %

Tier 1 risk-based capital ratio 11.19 % 11.32 % 11.22 % 11.40 % 11.19 % 11.19 % 11.19 %

Total risk-based capital ratio 13.81 % 13.95 % 13.86 % 14.28 % 14.58 % 13.81 % 14.58 %

(1) Non-GAAP metric. A reconciliation of this and other non-GAAP financial measures is included at the end of this document.

(2) Noninterest expense to net interest income before loan loss provision plus noninterest income adjusted for tax equivalent income.

(3) Net income before amortization of intangibles to average tangible common equity.

Univest Financial Corporation

Average Balances and Interest Rates (Unaudited)

For the Three Months Ended,

Tax Equivalent Basis June 30, 2026 March 31, 2026

Average Income/ Average Average Income/ Average

(Dollars in thousands) Balance Expense Rate Balance Expense Rate

Assets:

Interest-earning deposits with other banks $ 120,511 $ 1,118 3.72 % $ 306,797 $ 2,810 3.71 %

Other debt and equity securities 502,065 4,203 3.36 499,078 4,053 3.29

Federal Home Loan Bank, Federal Reserve Bank and other stock 33,537 625 7.47 37,286 704 7.66

Total interest-earning deposits, investments and other interest-earning assets 656,113 5,946 3.63 843,161 7,567 3.64

Commercial, financial, and agricultural loans 989,950 16,293 6.60 959,673 15,331 6.48

Real estate—commercial and construction loans 3,892,900 57,589 5.93 3,861,156 55,796 5.86

Real estate—residential loans 1,711,210 22,002 5.16 1,710,239 21,526 5.10

Loans to individuals 12,511 270 8.66 12,396 273 8.93

Tax-exempt loans and leases 224,883 3,235 5.77 223,166 3,116 5.66

Lease financings 176,625 3,294 7.48 172,970 3,212 7.53

Gross loans and leases 7,008,079 102,683 5.88 6,939,600 99,254 5.80

Total interest-earning assets 7,664,192 108,629 5.69 7,782,761 106,821 5.57

Cash and due from banks 58,713 57,980

Allowance for credit losses, loans and leases (89,488) (88,832)

Premises and equipment, net 44,926 45,359

Operating lease right-of-use assets 24,640 25,414

Other assets 429,930 428,084

Total assets $ 8,132,913 $ 8,250,766

Liabilities:

Interest-bearing checking deposits $ 1,255,397 $ 7,603 2.43 % $ 1,280,570 $ 7,722 2.45 %

Money market savings 1,998,397 16,604 3.33 2,045,306 16,918 3.35

Regular savings 748,657 1,203 0.64 765,296 1,372 0.73

Time deposits 1,411,889 13,357 3.79 1,389,144 13,130 3.83

Total time and interest-bearing deposits 5,414,340 38,767 2.87 5,480,316 39,142 2.90

Short-term borrowings 33,437 30 0.36 25,578 3 0.05

Long-term debt 131,868 1,337 4.07 201,389 2,093 4.21

Subordinated notes 98,944 1,747 7.08 98,897 1,748 7.17

Total borrowings 264,249 3,114 4.73 325,864 3,844 4.78

Total interest-bearing liabilities 5,678,589 41,881 2.96 5,806,180 42,986 3.00

Noninterest-bearing deposits 1,429,369 1,411,612

Operating lease liabilities 27,271 28,116

Accrued expenses and other liabilities 45,821 55,349

Total liabilities 7,181,050 7,301,257

Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds") 7,107,958 2.36 7,217,792 2.42

Shareholders' Equity:

Common stock 157,784 157,784

Additional paid-in capital 301,620 303,413

Retained earnings and other equity 492,459 488,312

Total shareholders' equity 951,863 949,509

Total liabilities and shareholders' equity $ 8,132,913 $ 8,250,766

Net interest income $ 66,748 $ 63,835

Net interest spread 2.73 2.57

Effect of net interest-free funding sources 0.76 0.76

Net interest margin 3.49 % 3.33 %

Ratio of average interest-earning assets to average interest-bearing liabilities 134.97 % 134.04 %

Notes: For rate calculation purposes, average loan and lease categories include deferred fees and costs and purchase accounting adjustments.

Net interest income includes net deferred costs amortization of $801 thousand and $793 thousand for the three months ended June 30, 2026 and March 31, 2026, respectively.

Nonaccrual loans and leases have been included in the average loan and lease balances. Loans held for sale have been included in the average loan balances.

Tax-equivalent amounts for the three months ended June 30, 2026 and March 31, 2026 have been calculated using the Corporation’s federal applicable rate of 21.0%.

Univest Financial Corporation

Average Balances and Interest Rates (Unaudited)

For the Three Months Ended June 30,

Tax Equivalent Basis 2026 2025

Average Income/ Average Average Income/ Average

(Dollars in thousands) Balance Expense Rate Balance Expense Rate

Assets:

Interest-earning deposits with other banks $ 120,511 $ 1,118 3.72 % $ 131,391 $ 1,371 4.19 %

Other debt and equity securities 502,065 4,203 3.36 497,214 3,962 3.20

Federal Home Loan Bank, Federal Reserve Bank and other stock 33,537 625 7.47 36,711 671 7.33

Total interest-earning deposits, investments and other interest-earning assets 656,113 5,946 3.63 665,316 6,004 3.62

Commercial, financial, and agricultural loans 989,950 16,293 6.60 1,005,784 17,686 7.05

Real estate—commercial and construction loans 3,892,900 57,589 5.93 3,692,262 54,165 5.88

Real estate—residential loans 1,711,210 22,002 5.16 1,727,381 21,772 5.06

Loans to individuals 12,511 270 8.66 15,575 337 8.68

Tax-exempt loans and leases 224,883 3,235 5.77 228,856 2,966 5.20

Lease financings 176,625 3,294 7.48 177,080 3,192 7.23

Gross loans and leases 7,008,079 102,683 5.88 6,846,938 100,118 5.86

Total interest-earning assets 7,664,192 108,629 5.69 7,512,254 106,122 5.67

Cash and due from banks 58,713 55,335

Allowance for credit losses, loans and leases (89,488) (88,127)

Premises and equipment, net 44,926 47,299

Operating lease right-of-use assets 24,640 26,948

Other assets 429,930 425,766

Total assets $ 8,132,913 $ 7,979,475

Liabilities:

Interest-bearing checking deposits $ 1,255,397 $ 7,603 2.43 % $ 1,216,909 $ 7,800 2.57 %

Money market savings 1,998,397 16,604 3.33 1,754,428 16,945 3.87

Regular savings 748,657 1,203 0.64 700,762 749 0.43

Time deposits 1,411,889 13,357 3.79 1,541,008 16,261 4.23

Total time and interest-bearing deposits 5,414,340 38,767 2.87 5,213,107 41,755 3.21

Short-term borrowings 33,437 30 0.36 5,254 1 0.08

Long-term debt 131,868 1,337 4.07 200,549 2,128 4.26

Subordinated notes 98,944 1,747 7.08 149,444 2,281 6.12

Total borrowings 264,249 3,114 4.73 355,247 4,410 4.98

Total interest-bearing liabilities 5,678,589 41,881 2.96 5,568,354 46,165 3.33

Noninterest-bearing deposits 1,429,369 1,420,143

Operating lease liabilities 27,271 29,802

Accrued expenses and other liabilities 45,821 52,640

Total liabilities 7,181,050 7,070,939

Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds") 7,107,958 2.36 6,988,497 2.65

Shareholders' Equity:

Common stock 157,784 157,784

Additional paid-in capital 301,620 301,016

Retained earnings and other equity 492,459 449,736

Total shareholders' equity 951,863 908,536

Total liabilities and shareholders' equity $ 8,132,913 $ 7,979,475

Net interest income $ 66,748 $ 59,957

Net interest spread 2.73 2.34

Effect of net interest-free funding sources 0.76 0.86

Net interest margin 3.49 % 3.20 %

Ratio of average interest-earning assets to average interest-bearing liabilities 134.97 % 134.91 %

Notes: For rate calculation purposes, average loan and lease categories include deferred fees and costs and purchase accounting adjustments.

Net interest income includes net deferred costs amortization of $801 thousand and $689 thousand for the three months ended June 30, 2026 and 2025, respectively.

Nonaccrual loans and leases have been included in the average loan and lease balances. Loans held for sale have been included in the average loan balances.

Tax-equivalent amounts for the three months ended June 30, 2026 and 2025 have been calculated using the Corporation’s federal applicable rate of 21.0%.

Univest Financial Corporation

Average Balances and Interest Rates (Unaudited)

For the Six Months Ended June 30,

Tax Equivalent Basis 2026 2025

Average Income/ Average Average Income/ Average

(Dollars in thousands) Balance Expense Rate Balance Expense Rate

Assets:

Interest-earning deposits with other banks $ 213,140 $ 3,928 3.72 $ 125,725 $ 2,731 4.38 %

Obligations of state and political subdivisions* — — — 437 4 1.85

Other debt and equity securities 500,579 8,256 3.33 498,201 7,981 3.23

Federal Home Loan Bank, Federal Reserve Bank and other stock 35,401 1,329 7.57 37,134 1,358 7.37

Total interest-earning deposits, investments and other interest-earning assets 749,120 13,513 3.64 661,497 12,074 3.68

Commercial, financial, and agricultural loans 974,895 31,624 6.54 998,363 34,706 7.01

Real estate—commercial and construction loans 3,877,116 113,385 5.90 3,698,214 106,841 5.83

Real estate—residential loans 1,710,727 43,528 5.13 1,728,259 43,314 5.05

Loans to individuals 12,454 543 8.79 17,495 730 8.41

Tax-exempt loans and leases 224,030 6,351 5.72 229,491 5,827 5.12

Lease financings 174,807 6,506 7.51 179,872 6,432 7.21

Gross loans and leases 6,974,029 201,937 5.84 6,851,694 197,850 5.82

Total interest-earning assets 7,723,149 215,450 5.63 7,513,191 209,924 5.63

Cash and due from banks 58,349 56,009

Allowance for credit losses, loans and leases (89,162) (87,975)

Premises and equipment, net 45,141 47,076

Operating lease right-of-use assets 25,025 27,352

Other assets 429,012 424,601

Total assets $ 8,191,514 $ 7,980,254

Liabilities:

Interest-bearing checking deposits $ 1,267,914 $ 15,325 2.44 $ 1,219,446 $ 14,875 2.46 %

Money market savings 2,021,722 33,522 3.34 1,797,074 34,980 3.93

Regular savings 756,930 2,575 0.69 701,648 1,512 0.43

Time deposits 1,400,579 26,487 3.81 1,508,930 32,367 4.33

Total time and interest-bearing deposits 5,447,145 77,909 2.88 5,227,098 83,734 3.23

Short-term borrowings 29,530 33 0.23 6,076 15 0.50

Long-term debt 166,436 3,430 4.16 208,978 4,489 4.33

Subordinated notes 98,921 3,495 7.12 149,382 4,562 6.16

Total borrowings 294,887 6,958 4.76 364,436 9,066 5.02

Total interest-bearing liabilities 5,742,032 84,867 2.98 5,591,534 92,800 3.35

Noninterest-bearing deposits 1,420,540 1,398,396

Operating lease liabilities 27,691 30,236

Accrued expenses and other liabilities 50,558 57,382

Total liabilities 7,240,821 7,077,548

Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds") 7,162,572 2.39 6,989,930 2.68

Shareholders' Equity:

Common stock 157,784 157,784

Additional paid-in capital 302,512 301,830

Retained earnings and other equity 490,397 443,092

Total shareholders' equity 950,693 902,706

Total liabilities and shareholders' equity $ 8,191,514 $ 7,980,254

Net interest income $ 130,583 $ 117,124

Net interest spread 2.65 2.28

Effect of net interest-free funding sources 0.76 0.86

Net interest margin 3.41 % 3.14 %

Ratio of average interest-earning assets to average interest-bearing liabilities 134.50 % 134.37 %

*Obligations of states and political subdivisions are tax-exempt earning assets.

Notes: For rate calculation purposes, average loan and lease categories include deferred fees and costs and purchase accounting adjustments.

Net interest income includes net deferred costs amortization of $1.6 million and $1.2 million for the six months ended June 30, 2026 and 2025, respectively.

Nonaccrual loans and leases have been included in the average loan and lease balances. Loans held for sale have been included in the average loan balances.

Tax-equivalent amounts for the six months ended June 30, 2026 and 2025 have been calculated using the Corporation’s federal applicable rate of 21.0%.

Univest Financial Corporation

Loan Portfolio Overview (Unaudited)

June 30, 2026

(Dollars in thousands)

Industry Description Total Outstanding Balance % of Commercial Loan Portfolio

Animal Production $ 440,916 7.8 %

CRE - Retail 426,394 7.5

CRE - Multi-family 393,126 6.9

CRE - 1-4 Family Residential Investment 279,515 4.9

Hotels & Motels (Accommodation) 268,482 4.7

CRE - Office 252,607 4.5

Specialty Trade Contractors 243,448 4.3

CRE - Industrial / Warehouse 215,638 3.8

Nursing and Residential Care Facilities 176,891 3.1

Homebuilding (tract developers, remodelers) 163,688 2.9

Crop Production 145,110 2.6

Merchant Wholesalers, Durable Goods 138,817 2.5

CRE - Mixed-Use - Commercial 121,993 2.2

Repair and Maintenance 121,737 2.1

Motor Vehicle and Parts Dealers 120,416 2.1

CRE - Mixed-Use - Residential 110,034 1.9

Wood Product Manufacturing 101,076 1.8

Nondepository Credit Intermediation and Related Activities (except 5221) 99,227 1.7

Administrative and Support Services 97,708 1.7

Food Services and Drinking Places 97,346 1.7

Education 91,845 1.6

Merchant Wholesalers, Nondurable Goods 88,338 1.6

Professional, Scientific, and Technical Services 85,432 1.5

Amusement, Gambling, and Recreation Industries 78,808 1.4

Fabricated Metal Product Manufacturing 75,975 1.3

Food Manufacturing 68,126 1.2

Personal and Laundry Services 67,103 1.2

Private Equity & Special Purpose Entities (except 52592) 65,968 1.2

Religious Organizations, Advocacy Groups 63,624 1.1

Machinery Manufacturing 62,643 1.1

Miniwarehouse / Self-Storage 56,126 1.0

Nonresidential Building Contractors 54,376 1.0

Industries with >$50 million in outstandings $ 4,872,533 85.9 %

Industries with <$50 million in outstandings $ 799,696 14.1 %

Total Commercial Loans $ 5,672,229 100.0 %

Consumer Loans and Lease Financings Total Outstanding Balance

Real Estate-Residential Secured for Personal Purpose $ 911,116

Real Estate-Home Equity Secured for Personal Purpose 205,502

Loans to Individuals 12,342

Lease Financings 240,768

Total Consumer Loans and Lease Financings $ 1,369,728

Total $ 7,041,957

Univest Financial Corporation

Non-GAAP Reconciliation

June 30, 2026

Management uses non-GAAP measures in its analysis of the Corporation's performance. These measures should not be considered a substitute for GAAP basis measures nor should they be viewed as a substitute for operating results determined in accordance with GAAP. Management believes the presentation of the non-GAAP financial measures, which exclude the impact of the specified items, provides useful supplemental information that is essential to a proper understanding of the financial results of the Corporation. See the table below for additional information on non-GAAP measures used throughout this earnings release.

As of or for the three months ended, As of or for the six months ended,

(Dollars in thousands) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 6/30/2025

Restructuring charges (a) $ — $ 427 $ — $ — $ — $ 427 $ —

Tax effect of restructuring charges — (90) — — — (90) —

Restructuring charges, net of tax $ — $ 337 $ — $ — $ — $ 337 $ —

Net income $ 22,953 $ 27,092 $ 22,745 $ 25,639 $ 19,978 $ 50,045 $ 42,373

Amortization of intangibles, net of tax 73 73 81 84 103 146 206

Net income before amortization of intangibles $ 23,026 $ 27,165 $ 22,826 $ 25,723 $ 20,081 $ 50,191 $ 42,579

Shareholders' equity $ 954,253 $ 951,950 $ 943,318 $ 933,219 $ 916,733 $ 954,253 $ 916,733

Goodwill (175,510) (175,510) (175,510) (175,510) (175,510) (175,510) (175,510)

Other intangibles (b) (1,923) (1,960) (1,919) (1,966) (2,040) (1,923) (2,040)

Tangible common equity $ 776,820 $ 774,480 $ 765,889 $ 755,743 $ 739,183 $ 776,820 $ 739,183

Total assets $ 8,202,992 $ 8,141,582 $ 8,436,897 $ 8,573,616 $ 7,939,056 $ 8,202,992 $ 7,939,056

Goodwill (175,510) (175,510) (175,510) (175,510) (175,510) (175,510) (175,510)

Other intangibles (b) (1,923) (1,960) (1,919) (1,966) (2,040) (1,923) (2,040)

Tangible assets $ 8,025,559 $ 7,964,112 $ 8,259,468 $ 8,396,140 $ 7,761,506 $ 8,025,559 $ 7,761,506

Average shareholders' equity $ 951,863 $ 949,509 $ 936,417 $ 923,454 $ 908,536 $ 950,693 $ 902,706

Average goodwill (175,510) (175,510) (175,510) (175,510) (175,510) (175,510) (175,510)

Average other intangibles (b) (1,938) (1,922) (1,935) (1,983) (2,068) (1,929) (2,114)

Average tangible common equity $ 774,415 $ 772,077 $ 758,972 $ 745,961 $ 730,958 $ 773,254 $ 725,082

(a) Associated with planned closure of two underutilized facilities; a financial center and a limited purpose banking office

(b) Amount does not include mortgage servicing rights

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Jul. 22, 2026

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Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Name of the Exchange on which a security is registered.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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