Exhibit 99.1
NEWS
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CONTACT:     Brian J. Richardson
UNIVEST FINANCIAL CORPORATION
Chief Financial Officer
215-721-2446, richardsonb@univest.net                     

FOR IMMEDIATE RELEASE

UNIVEST FINANCIAL CORPORATION REPORTS THIRD QUARTER RESULTS

SOUDERTON, Pa., October 28, 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 September 30, 2026 of $21.6 million, or $0.78 diluted earnings per share, compared to net income of $25.6 million, or $0.89 diluted earnings per share, for the quarter ended September 30, 2025, primarily due to an increase in provision for credit losses during the quarter associated with elevated charge-offs.

Loans
Gross loans and leases decreased $27.5 million, or 0.4% (1.6% annualized), from June 30, 2026. The decrease was primarily driven by a $35.3 million payoff of a shared national credit relationship and a $14.4 million charge-off associated with a $28.3 million commercial loan relationship. Gross loans and leases increased $99.6 million, or 1.4% (1.9% annualized), from December 31, 2025, and $229.0 million, or 3.4%, from September 30, 2025, primarily driven by growth in construction and commercial real estate loans. The growth from December 31, 2025 and September 30, 2025 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 is intended to improve our loan-to-deposit ratio.

Deposits
Total deposits increased $421.5 million, or 6.1% (24.4% annualized), from June 30, 2026, and $267.2 million, or 3.8% (5.1% annualized), from December 31, 2025. The growth in both periods was primarily due to seasonal increases in public funds deposits and increases in commercial deposits, partially offset by decreases in consumer and brokered deposits. Total deposits increased $136.4 million, or 1.9%, from


September 30, 2025, primarily due to increases in commercial, consumer and public funds deposits, partially offset by a decrease in brokered deposits.

Net Interest Income and Margin
Net interest income of $67.8 million for the third quarter of 2026 increased $6.4 million, or 10.5%, from the third quarter of 2025 and $1.5 million, or 2.3%, from the second quarter of 2026. The increase in net interest income for the third quarter of 2026 compared to the third 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 third quarter of 2026 compared to the second quarter of 2026 was primarily driven by higher average balances on loans and interest-earning deposits with other banks, combined with modest increases in the yields earned on these assets. This was partially offset by an increase in our cost of funds due to the current interest rate environment, and an increase in the average balance of interest-bearing liabilities.

Net interest margin, on a tax-equivalent basis, was 3.42% for the third quarter of 2026, compared to 3.49% for the second quarter of 2026 and 3.17% for the third quarter of 2025. Excess liquidity reduced net interest margin by approximately 13 basis points for the quarter ended September 30, 2026 compared to approximately four basis points for the quarter ended June 30, 2026 and approximately 16 basis points for the quarter ended September 30, 2025. Excluding the impact of excess liquidity, the net interest margin, on a tax-equivalent basis, would have been 3.55% for the quarter ended September 30, 2026 compared to 3.53% for the second quarter of 2026 and 3.33% for the quarter ended September 30, 2025.

Noninterest Income
Noninterest income for the quarter ended September 30, 2026 was $22.3 million, an increase of $346 thousand, or 1.6%, from the comparable period in the prior year.

Investment advisory commission and fee income increased $762 thousand, or 13.4%, for the quarter ended September 30, 2026 compared to the comparable period in the prior year, driven by appreciation in assets under management and new customer relationships.

Other service fee income increased $479 thousand, or 19.8%, for the quarter ended September 30, 2026 compared to the comparable period in the prior year, primarily due to a $393 thousand increase in mortgage servicing fees. The three months ended September 30, 2026 included a $1 thousand reduction in valuation allowance recorded on mortgage servicing rights, compared to a $308 thousand increase in valuation allowance recorded in the third quarter of 2025, each of which were primarily driven by changes


in interest rates during the quarter and the impact this had on prepayment speed assumptions.

BOLI income decreased $920 thousand, or 48.2%, for the quarter ended September 30, 2026 compared to the comparable period in the prior year. The financial results for the three months ended September 30, 2025 included $967 thousand in BOLI death benefit proceeds.

Noninterest Expense
Noninterest expense for the quarter ended September 30, 2026 was $54.0 million, an increase of $3.3 million, or 6.6%, from the comparable period in the prior year.

Salaries, benefits and commissions increased $2.6 million, or 8.2%, for the quarter ended September 30, 2026 compared to the comparable period in the prior year, driven by higher salary expense of $1.4 million due to annual merit increases and higher staffing levels, increased commission expense of $258 thousand, and an increase of $390 thousand in medical claims expenses.

Marketing and advertising expense increased $463 thousand, or 143.3%, for the quarter ended September 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.

Data processing increased $340 thousand, or 8.0%, for the quarter ended September 30, 2026 compared to the comparable period in the prior year primarily due to annual cost increases.

Tax Provision
The effective income tax rate was 20.2% for the quarter ended September 30, 2026, compared to an effective tax rate of 20.0% for the quarter ended September 30, 2025. The effective tax rate for the three months ended September 30, 2025 was favorably impacted by BOLI death benefit proceeds. Excluding the BOLI death benefit proceeds, the effective tax rate was 20.7% for the three months ended September 30, 2025.

Asset Quality and Provision for Credit Losses
Nonperforming assets totaled $51.4 million at September 30, 2026, $63.0 million at June 30, 2026, and $52.1 million at September 30, 2025. During the quarter, an existing nonaccrual commercial loan relationship totaling $28.3 million incurred charge-offs of $14.4 million. This relationship had a specific reserve of $9.8 million, and the remaining carrying value was supported by a letter of intent to sell the business.



Net loan and lease charge-offs were $17.6 million for the three months ended September 30, 2026 compared to $1.9 million and $480 thousand for the three months ended June 30, 2026 and September 30, 2025, respectively. The increase in charge-offs for the quarter compared to the prior periods was primarily due to the previously discussed $14.4 million charge-off. Additionally, a separate $6.9 million commercial loan relationship incurred a $2.7 million charge-off and the remaining balance was subsequently paid in full in the third quarter.

The provision for credit losses was $9.0 million for the three months ended September 30, 2026 compared to $2.7 million and $517 thousand for the three months ended June 30, 2026 and September 30, 2025, respectively, primarily due to net charge-off activity during the quarter.

Dividend and Share Repurchases
On October 28, 2026, Univest declared a quarterly cash dividend of $0.23 per share to be paid on November 25, 2026 to shareholders of record as of November 11, 2026. During the quarter ended September 30, 2026, the Corporation repurchased 301,127 shares of common stock at an average price of $42.50 per share. Including brokerage fees and excise tax, the average cost per share was $42.96. As of September 30, 2026, 1,193,133 shares are available for repurchase under the Corporation's share repurchase plan.

Conference Call
Univest will host a conference call to discuss third quarter 2026 results on Thursday, October 29, 2026 at 9:00 a.m. EDT. Participants may preregister at https://registrations.events/direct/Q4I37740VIPBmQSGdfZvAKstK. The general public can access the call by dialing 1-800-715-9871; referencing Conference ID 37740 or "Univest Financial Corporation Third Quarter 2026 Earnings Call" to the operator. A replay of the conference call will be available through November 5, 2026 using the following link: https://registrations.events/direct/Q4I37740VIPBmQSGdfZvAKstK.

About Univest Financial Corporation
Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $8.6 billion in assets and $6.2 billion in assets under management and supervision through its Wealth Management lines of business at September 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.

In addition, we set forth certain risks in our reports filed with the U.S. Securities and Exchange Commission, including, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025, our Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K that we will file hereafter, which could cause actual results to differ from those projected. We undertake no obligation to update such forward-looking statements except as required by law.

(UVSP - ER)


Univest Financial Corporation
Consolidated Selected Financial Data (Unaudited)
September 30, 2026
(Dollars in thousands)
Balance Sheet (Period End)9/30/20266/30/20263/31/202612/31/20259/30/2025
ASSETS
Cash and due from banks $64,468 $79,490 $69,645 $63,579 $70,843 
Interest-earning deposits with other banks 560,614 115,835 152,712 490,133 745,896 
Cash and cash equivalents625,082 195,325 222,357 553,712 816,739 
Investment securities held-to-maturity114,665 116,207 119,490 123,024 126,040 
Investment securities available for sale, net of allowance for credit losses374,564 378,586 379,028 371,251 368,393 
Investments in equity securities2,418 2,705 2,898 2,014 2,413 
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost36,252 32,798 35,511 37,808 39,617 
Loans held for sale11,540 13,237 14,371 15,288 6,330 
Loans and leases held for investment7,014,437 7,041,957 6,940,212 6,914,804 6,785,482 
Less: Allowance for credit losses, loans and leases (80,950)(89,967)(88,900)(88,165)(86,527)
Net loans and leases held for investment6,933,487 6,951,990 6,851,312 6,826,639 6,698,955 
Premises and equipment, net 44,244 44,373 44,774 45,554 46,245 
Operating lease right-of-use assets24,588 24,267 25,032 25,795 26,536 
Goodwill175,510 175,510 175,510 175,510 175,510 
Other intangibles, net of accumulated amortization7,891 7,850 7,583 7,328 7,537 
Bank owned life insurance143,117 142,130 142,141 140,001 139,044 
Accrued interest and other assets 113,048 118,014 121,575 112,973 120,257 
Total assets $8,606,406 $8,202,992 $8,141,582 $8,436,897 $8,573,616 
LIABILITIES
Noninterest-bearing deposits$1,405,877 $1,463,965 $1,475,851 $1,431,974 $1,390,565 
Interest-bearing deposits:5,948,643 5,469,043 5,337,912 5,655,339 5,827,578 
Total deposits 7,354,520 6,933,008 6,813,763 7,087,313 7,218,143 
Short-term borrowings186 18,826 26,156 24,411 11,951 
Long-term debt 125,000 125,000 175,000 200,000 200,000 
Subordinated notes 99,084 98,994 98,908 98,867 129,597 
Operating lease liabilities27,106 26,863 27,699 28,531 29,310 
Accrued expenses and other liabilities 51,352 46,048 48,106 54,457 51,396 
Total liabilities 7,657,248 7,248,739 7,189,632 7,493,579 7,640,397 
SHAREHOLDERS' EQUITY
Common stock, $5 par value: 48,000,000 shares authorized and 31,556,799 shares issued157,784 157,784 157,784 157,784 157,784 
Additional paid-in capital303,852 302,549 301,154 304,021 302,696 
Retained earnings643,560 628,327 611,771 591,202 574,715 
Accumulated other comprehensive loss, net of tax benefit(36,155)(26,728)(25,951)(25,467)(31,636)
Treasury stock, at cost(119,883)(107,679)(92,808)(84,222)(70,340)
Total shareholders’ equity949,158 954,253 951,950 943,318 933,219 
Total liabilities and shareholders’ equity$8,606,406 $8,202,992 $8,141,582 $8,436,897 $8,573,616 
For the three months ended,For the nine months ended,
Balance Sheet (Average)9/30/20266/30/20263/31/202612/31/20259/30/20259/30/20269/30/2025
Assets$8,394,497 $8,132,913 $8,250,766 $8,528,465 $8,191,010 $8,259,919 $8,051,278 
Investment securities, net of allowance for credit losses497,334 502,065 499,078 497,201 492,197 499,486 496,468 
Loans and leases, gross7,065,392 7,008,079 6,939,600 6,848,654 6,790,827 7,004,818 6,831,183 
Deposits7,122,942 6,843,709 6,891,928 7,165,437 6,836,043 6,953,705 6,696,449 
Shareholders' equity959,570 951,863 949,509 936,417 923,454 953,685 909,698 


Univest Financial Corporation
Consolidated Summary of Loans by Type and Asset Quality Data (Unaudited)
September 30, 2026
(Dollars in thousands)
Summary of Major Loan and Lease Categories (Period End)9/30/20266/30/20263/31/202612/31/20259/30/2025
Commercial, financial and agricultural$1,012,290 $1,081,624 $1,038,947 $1,027,434 $996,612 
Real estate-commercial3,707,402 3,684,721 3,656,779 3,621,536 3,517,803 
Real estate-construction355,346 329,558 299,962 306,793 309,365 
Real estate-residential secured for business purpose575,125 576,326 556,040 554,178 545,191 
Real estate-residential secured for personal purpose901,823 911,116 942,054 959,610 974,395 
Real estate-home equity secured for personal purpose208,666 205,502 201,244 200,394 197,503 
Loans to individuals12,239 12,342 12,319 12,793 13,447 
Lease financings241,546 240,768 232,867 232,066 231,166 
Total loans and leases held for investment, net of deferred income7,014,437 7,041,957 6,940,212 6,914,804 6,785,482 
Less: Allowance for credit losses, loans and leases(80,950)(89,967)(88,900)(88,165)(86,527)
Net loans and leases held for investment$6,933,487 $6,951,990 $6,851,312 $6,826,639 $6,698,955 

Asset Quality Data (Period End)9/30/20266/30/20263/31/202612/31/20259/30/2025
Nonaccrual loans and leases$31,175 $43,897 $13,289 $13,743 $27,330 
Accruing loans and leases 90 days or more past due849 160 3,750 89 829 
Total nonperforming loans and leases32,024 44,057 17,039 13,832 28,159 
Other real estate owned19,301 18,914 24,073 23,926 23,926 
Repossessed assets50 10 124 65 40 
Total nonperforming assets$51,375 $62,981 $41,236 $37,823 $52,125 
Nonaccrual loans and leases / Loans and leases held for investment0.44 %0.62 %0.19 %0.20 %0.40 %
Nonperforming loans and leases / Loans and leases held for investment0.46 %0.63 %0.25 %0.20 %0.41 %
Nonperforming assets / Total assets0.60 %0.77 %0.51 %0.45 %0.61 %
Allowance for credit losses, loans and leases$80,950 $89,967 $88,900 $88,165 $86,527 
Allowance for credit losses, loans and leases / Loans and leases held for investment1.15 %1.28 %1.28 %1.28 %1.28 %
Allowance for credit losses, loans and leases / Nonaccrual loans and leases259.66 %204.95 %668.97 %641.53 %316.60 %
Allowance for credit losses, loans and leases / Nonperforming loans and leases252.78 %204.21 %521.74 %637.40 %307.28 %
For the three months ended,For the nine months ended,
9/30/20266/30/20263/31/202612/31/20259/30/20259/30/20269/30/2025
Net loan and lease charge-offs$17,565 $1,932 $1,263 $1,145 $480 $20,760 $9,973 
Net loan and lease charge-offs (annualized)/Average loans and leases0.99 %0.11 %0.07 %0.07 %0.03 %0.40 %0.20 %


Univest Financial Corporation
Consolidated Selected Financial Data (Unaudited)
September 30, 2026
(Dollars in thousands, except per share data)
For the three months ended,For the nine months ended,
For the period:9/30/20266/30/20263/31/202612/31/20259/30/20259/30/20269/30/2025
Interest income$112,891 $108,129 $106,351 $111,716 $109,648 $327,371 $318,770 
Interest expense45,130 41,881 42,986 49,167 48,324 129,997 141,124 
Net interest income67,761 66,248 63,365 62,549 61,324 197,374 177,646 
Provision for credit losses8,997 2,672 1,303 3,145 517 12,972 8,522 
Net interest income after provision for credit losses58,764 63,576 62,062 59,404 60,807 184,402 169,124 
Noninterest income:
Trust fee income2,279 2,283 2,236 2,316 2,230 6,798 6,537 
Service charges on deposit accounts2,373 2,363 2,279 2,237 2,302 7,015 6,754 
Investment advisory commission and fee income6,433 6,043 6,154 6,055 5,671 18,630 16,744 
Insurance commission and fee income5,433 5,351 7,423 4,825 5,468 18,207 17,618 
Other service fee income2,895 3,319 3,041 2,668 2,416 9,255 8,270 
Bank owned life insurance income988 1,698 1,332 970 1,908 4,018 4,879 
Net gain on investment securities transactions— 11 — — — 11 — 
Net gain on mortgage banking activities1,164 1,346 791 886 848 3,301 2,476 
Net (loss) gain on sales and write-downs of other real estate owned— (5,249)— — — (5,249)— 
Other income704 941 832 2,065 1,080 2,477 2,561 
Total noninterest income22,269 18,106 24,088 22,022 21,923 64,463 65,839 
Noninterest expense:
Salaries, benefits and commissions34,245 33,208 33,459 33,009 31,652 100,912 94,014 
Net occupancy2,817 2,938 2,998 2,882 2,675 8,753 8,267 
Equipment1,004 1,122 1,079 1,052 1,076 3,205 3,241 
Data processing4,603 4,627 4,480 4,390 4,263 13,710 13,035 
Professional fees1,793 2,029 1,677 1,947 1,876 5,499 5,270 
Marketing and advertising786 988 634 479 323 2,408 1,174 
Deposit insurance premiums1,252 1,118 1,170 1,106 1,195 3,540 3,420 
Intangible expenses69 92 93 102 106 254 367 
Restructuring charges— — 427 — — 427 — 
Other expense7,433 7,002 6,652 7,743 7,503 21,087 21,541 
Total noninterest expense54,002 53,124 52,669 52,710 50,669 159,795 150,329 
Income before taxes27,031 28,558 33,481 28,716 32,061 89,070 84,634 
Income tax expense5,463 5,605 6,389 5,971 6,422 17,457 16,622 
Net income$21,568 $22,953 $27,092 $22,745 $25,639 $71,613 $68,012 
Net income per share:
Basic$0.78 $0.83 $0.97 $0.80 $0.89 $2.58 $2.36 
Diluted$0.78 $0.82 $0.96 $0.79 $0.89 $2.56 $2.34 
Dividends declared per share$0.23 $0.23 $0.22 $0.22 $0.22 $0.68 $0.65 
Weighted average shares outstanding27,485,325 27,741,836 28,032,897 28,376,191 28,716,582 27,751,347 28,856,903 
Period end shares outstanding27,306,376 27,585,768 27,949,173 28,156,917 28,576,346 27,306,376 28,576,346 



Univest Financial Corporation
Consolidated Selected Financial Data (Unaudited)
September 30, 2026
For the three months ended,For the nine months ended,
Profitability Ratios (annualized)9/30/20266/30/20263/31/202612/31/20259/30/20259/30/20269/30/2025
Return on average assets1.02%1.13%1.33%1.06%1.24%1.16%1.13%
Return on average assets, excluding restructuring charges (1)1.02%1.13%1.35%1.06%1.24%1.16%1.13%
Return on average shareholders' equity8.92%9.67%11.57%9.64%11.02%10.04%10.00%
Return on average shareholder's equity, excluding restructuring charges (1)8.92%9.67%11.72%9.64%11.02%10.09%10.00%
Return on average tangible common equity (1)(3)10.97%11.93%14.27%11.93%13.68%12.37%12.47%
Return on average tangible common equity, excluding restructuring charges (1)(3)10.97%11.93%14.45%11.93%13.68%12.43%12.47%
Net interest margin (FTE)3.42%3.49%3.33%3.10%3.17%3.41%3.15%
Efficiency ratio (2)59.5%62.3%59.7%61.8%60.2%60.4%61.1%
Capitalization Ratios
Dividends declared to net income29.4%27.9%22.8%27.5%24.7%26.4%27.6%
Shareholders' equity to assets (Period End)11.03%11.63%11.69%11.18%10.88%11.03%10.88%
Tangible common equity to tangible assets (1)9.16%9.68%9.72%9.27%9.00%9.16%9.00%
Common equity book value per share$34.76 $34.59 $34.06 $33.50 $32.66 $34.76 $32.66 
Tangible common equity book value per share (1)$28.27 $28.16 $27.71 $27.20 $26.45 $28.27 $26.45 
Regulatory Capital Ratios (Period End)
Tier 1 leverage ratio9.86%10.13%9.95%9.51%9.85%9.86%9.85%
Common equity tier 1 risk-based capital ratio11.25%11.19%11.32%11.22%11.40%11.25%11.40%
Tier 1 risk-based capital ratio11.25%11.19%11.32%11.22%11.40%11.25%11.40%
Total risk-based capital ratio13.79%13.81%13.95%13.86%14.28%13.79%14.28%
(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 BasisSeptember 30, 2026June 30, 2026
AverageIncome/AverageAverageIncome/Average
(Dollars in thousands)BalanceExpenseRateBalanceExpenseRate
Assets:
Interest-earning deposits with other banks$325,543 $3,085 3.76 %$120,511 $1,118 3.72 %
Other debt and equity securities497,334 4,308 3.44 502,065 4,203 3.36 
Federal Home Loan Bank, Federal Reserve Bank and other stock34,132 670 7.79 33,537 625 7.47 
Total interest-earning deposits, investments and other interest-earning assets857,009 8,063 3.73 656,113 5,946 3.63 
Commercial, financial, and agricultural loans1,009,614 16,360 6.43 989,950 16,293 6.60 
Real estate—commercial and construction loans3,938,430 59,935 6.04 3,892,900 57,589 5.93 
Real estate—residential loans1,694,808 22,131 5.18 1,711,210 22,002 5.16 
Loans to individuals12,375 255 8.18 12,511 270 8.66 
Tax-exempt loans and leases229,597 3,347 5.78 224,883 3,235 5.77 
Lease financings180,568 3,312 7.28 176,625 3,294 7.48 
     Gross loans and leases7,065,392 105,340 5.92 7,008,079 102,683 5.88 
          Total interest-earning assets7,922,401 113,403 5.68 7,664,192 108,629 5.69 
Cash and due from banks64,256 58,713 
Allowance for credit losses, loans and leases(90,545)(89,488)
Premises and equipment, net44,389 44,926 
Operating lease right-of-use assets24,795 24,640 
Other assets429,201 429,930 
      Total assets$8,394,497 $8,132,913 
Liabilities:
Interest-bearing checking deposits$1,439,318 $9,465 2.61 %$1,255,397 $7,603 2.43 %
Money market savings2,103,895 17,756 3.35 1,998,397 16,604 3.33 
Regular savings725,102 1,143 0.63 748,657 1,203 0.64 
Time deposits1,434,985 13,742 3.80 1,411,889 13,357 3.79 
Total time and interest-bearing deposits5,703,300 42,106 2.93 5,414,340 38,767 2.87 
Short-term borrowings10,539 1 0.04 33,437 30 0.36 
Long-term debt125,000 1,276 4.05 131,868 1,337 4.07 
Subordinated notes99,036 1,747 7.00 98,944 1,747 7.08 
     Total borrowings234,575 3,024 5.11 264,249 3,114 4.73 
     Total interest-bearing liabilities5,937,875 45,130 3.02 5,678,589 41,881 2.96 
Noninterest-bearing deposits1,419,642 1,429,369 
Operating lease liabilities27,352 27,271 
Accrued expenses and other liabilities50,058 45,821 
     Total liabilities7,434,927 7,181,050 
Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds")7,357,517 2.43 7,107,958 2.36 
Shareholders' Equity:
Common stock157,784 157,784 
Additional paid-in capital303,039 301,620 
Retained earnings and other equity498,747 492,459 
     Total shareholders' equity959,570 951,863 
     Total liabilities and shareholders' equity$8,394,497 $8,132,913 
Net interest income$68,273 $66,748 
Net interest spread2.66 2.73 
Effect of net interest-free funding sources0.76 0.76 
Net interest margin3.42 %3.49 %
Ratio of average interest-earning assets to average interest-bearing liabilities133.42 %134.97 %
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 $820 thousand and $801 thousand for the three months ended September 30, 2026 and June 30, 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 September 30, 2026 and June 30, 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 September 30,
Tax Equivalent Basis20262025
AverageIncome/AverageAverageIncome/Average
(Dollars in thousands)BalanceExpenseRateBalanceExpenseRate
Assets:
Interest-earning deposits with other banks$325,543 $3,085 3.76 %$395,944 $4,363 4.37 %
Other debt and equity securities497,334 4,308 3.44 492,197 3,923 3.16 
Federal Home Loan Bank, Federal Reserve Bank and other stock34,132 670 7.79 37,159 736 7.86 
Total interest-earning deposits, investments and other interest-earning assets857,009 8,063 3.73 925,300 9,022 3.87 
Commercial, financial, and agricultural loans1,009,614 16,360 6.43 949,676 17,223 7.20 
Real estate—commercial and construction loans3,938,430 59,935 6.04 3,705,154 55,469 5.94 
Real estate—residential loans1,694,808 22,131 5.18 1,719,844 21,846 5.04 
Loans to individuals12,375 255 8.18 13,497 308 9.05 
Tax-exempt loans and leases229,597 3,347 5.78 229,253 3,033 5.25 
Lease financings180,568 3,312 7.28 173,403 3,159 7.23 
     Gross loans and leases7,065,392 105,340 5.92 6,790,827 101,038 5.90 
          Total interest-earning assets7,922,401 113,403 5.68 7,716,127 110,060 5.66 
Cash and due from banks64,256 60,950 
Allowance for credit losses, loans and leases(90,545)(88,202)
Premises and equipment, net44,389 46,980 
Operating lease right-of-use assets24,795 26,901 
Other assets429,201 428,254 
      Total assets$8,394,497 $8,191,010 
Liabilities:
Interest-bearing checking deposits$1,439,318 $9,465 2.61 %$1,293,781 $8,685 2.66 %
Money market savings2,103,895 17,756 3.35 1,915,501 18,765 3.89 
Regular savings725,102 1,143 0.63 724,927 1,068 0.58 
Time deposits1,434,985 13,742 3.80 1,482,837 15,100 4.04 
Total time and interest-bearing deposits5,703,300 42,106 2.93 5,417,046 43,618 3.19 
Short-term borrowings10,539 1 0.04 10,639 1 0.04 
Long-term debt125,000 1,276 4.05 200,000 2,145 4.26 
Subordinated notes99,036 1,747 7.00 139,127 2,560 7.30 
     Total borrowings234,575 3,024 5.11 349,766 4,706 5.34 
     Total interest-bearing liabilities5,937,875 45,130 3.02 5,766,812 48,324 3.32 
Noninterest-bearing deposits1,419,642 1,418,997 
Operating lease liabilities27,352 29,702 
Accrued expenses and other liabilities50,058 52,045 
     Total liabilities7,434,927 7,267,556 
Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds")7,357,517 2.43 7,185,809 2.67 
Shareholders' Equity:
Common stock157,784 157,784 
Additional paid-in capital303,039 302,063 
Retained earnings and other equity498,747 463,607 
     Total shareholders' equity959,570 923,454 
     Total liabilities and shareholders' equity$8,394,497 $8,191,010 
Net interest income$68,273 $61,736 
Net interest spread2.66 2.34 
Effect of net interest-free funding sources0.76 0.83 
Net interest margin3.42 %3.17 %
Ratio of average interest-earning assets to average interest-bearing liabilities133.42 %133.80 %
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 $820 thousand and $687 thousand for the three months ended September 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 September 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 Nine Months Ended September 30,
Tax Equivalent Basis20262025
AverageIncome/AverageAverageIncome/Average
(Dollars in thousands)BalanceExpenseRateBalanceExpenseRate
Assets:
Interest-earning deposits with other banks$251,019 $7,013 3.74 $216,788 $7,094 4.38 %
Obligations of state and political subdivisions*— — — 290 4 1.84 
Other debt and equity securities499,486 12,564 3.36 496,178 11,904 3.21 
Federal Home Loan Bank, Federal Reserve Bank and other stock34,973 1,999 7.64 37,142 2,094 7.54 
Total interest-earning deposits, investments and other interest-earning assets785,478 21,576 3.67 750,398 21,096 3.76 
Commercial, financial, and agricultural loans986,595 47,984 6.50 981,956 51,929 7.07 
Real estate—commercial and construction loans3,897,778 173,320 5.95 3,700,553 162,310 5.86 
Real estate—residential loans1,705,363 65,659 5.15 1,725,423 65,160 5.05 
Loans to individuals12,427 798 8.59 16,148 1,038 8.59 
Tax-exempt loans and leases225,906 9,698 5.74 229,411 8,860 5.16 
Lease financings176,749 9,818 7.43 177,692 9,591 7.22 
     Gross loans and leases7,004,818 307,277 5.86 6,831,183 298,888 5.85 
          Total interest-earning assets7,790,296 328,853 5.64 7,581,581 319,984 5.64 
Cash and due from banks60,339 57,674 
Allowance for credit losses, loans and leases(89,628)(88,052)
Premises and equipment, net44,888 47,044 
Operating lease right-of-use assets24,948 27,200 
Other assets429,076 425,831 
      Total assets$8,259,919 $8,051,278 
Liabilities:
Interest-bearing checking deposits$1,325,676 $24,790 2.50 $1,244,497 $23,560 2.53 %
Money market savings2,049,414 51,278 3.35 1,836,983 53,745 3.91 
Regular savings746,204 3,718 0.67 709,493 2,580 0.49 
Time deposits1,412,174 40,229 3.81 1,500,137 47,467 4.23 
Total time and interest-bearing deposits5,533,468 120,015 2.90 5,291,110 127,352 3.22 
Short-term borrowings23,130 34 0.20 7,614 16 0.28 
Long-term debt152,473 4,706 4.13 205,952 6,634 4.31 
Subordinated notes98,959 5,242 7.08 145,926 7,122 6.53 
     Total borrowings274,562 9,982 4.86 359,492 13,772 5.12 
     Total interest-bearing liabilities5,808,030 129,997 2.99 5,650,602 141,124 3.34 
Noninterest-bearing deposits1,420,237 1,405,339 
Operating lease liabilities27,577 30,056 
Accrued expenses and other liabilities50,390 55,583 
     Total liabilities7,306,234 7,141,580 
Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds")7,228,267 2.40 7,055,941 2.67 
Shareholders' Equity:
Common stock157,784 157,784 
Additional paid-in capital302,690 301,908 
Retained earnings and other equity493,211 450,006 
     Total shareholders' equity953,685 909,698 
     Total liabilities and shareholders' equity$8,259,919 $8,051,278 
Net interest income$198,856 $178,860 
Net interest spread2.65 2.30 
Effect of net interest-free funding sources0.76 0.85 
Net interest margin3.41 %3.15 %
Ratio of average interest-earning assets to average interest-bearing liabilities134.13 %134.17 %
*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 $2.4 million and $1.9 million for the nine months ended September 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 nine months ended September 30, 2026 and 2025 have been calculated using the Corporation’s federal applicable rate of 21.0%.


Univest Financial Corporation
Loan Portfolio Overview (Unaudited)
September 30, 2026
(Dollars in thousands)
Industry DescriptionTotal Outstanding Balance % of Commercial Loan Portfolio
Animal Production$455,329 8.1 %
CRE - Retail423,233 7.5 
CRE - Multi-family418,772 7.4 
Hotels & Motels (Accommodation)288,748 5.1 
CRE - 1-4 Family Residential Investment265,299 4.7 
CRE - Office251,633 4.5 
Specialty Trade Contractors246,422 4.4 
CRE - Industrial / Warehouse219,729 3.9 
Nursing and Residential Care Facilities178,694 3.2 
Homebuilding (tract developers, remodelers)160,851 2.8 
Crop Production148,545 2.6 
Merchant Wholesalers, Durable Goods129,070 2.3 
CRE - Mixed-Use - Commercial124,216 2.2 
Repair and Maintenance123,773 2.2 
Motor Vehicle and Parts Dealers116,703 2.1 
CRE - Mixed-Use - Residential110,303 2.0 
Administrative and Support Services105,154 1.9 
Nondepository Credit Intermediation and Related Activities (except 5221)102,468 1.8 
Wood Product Manufacturing101,088 1.8 
Food Services and Drinking Places95,014 1.7 
Merchant Wholesalers, Nondurable Goods90,023 1.6 
Education87,618 1.6 
Amusement, Gambling, and Recreation Industries86,918 1.5 
Professional, Scientific, and Technical Services80,968 1.4 
Fabricated Metal Product Manufacturing77,431 1.4 
Food Manufacturing71,518 1.3 
Religious Organizations, Advocacy Groups64,848 1.1 
Personal and Laundry Services64,679 1.1 
Machinery Manufacturing62,697 1.1 
Nonresidential Building Contractors55,532 1.0 
Industries with >$50 million in outstandings$4,807,276 85.1 %
Industries with <$50 million in outstandings $842,887 14.9 %
Total Commercial Loans$5,650,163 100.0 %
Consumer Loans and Lease FinancingsTotal Outstanding Balance
Real Estate-Residential Secured for Personal Purpose$901,823 
Real Estate-Home Equity Secured for Personal Purpose208,666 
Loans to Individuals12,239 
Lease Financings241,546 
Total Consumer Loans and Lease Financings$1,364,274 
Total$7,014,437 


Univest Financial Corporation
Non-GAAP Reconciliation
September 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 nine months ended,
(Dollars in thousands)9/30/20266/30/20263/31/202612/31/20259/30/20259/30/20269/30/2025
Restructuring charges (a)$— $— $427 $— $— $427 $— 
Tax effect of restructuring charges— — (90)— — (90)— 
Restructuring charges, net of tax$— $— $337 $— $— $337 $— 
Net income$21,568 $22,953 $27,092 $22,745 $25,639 $71,613 $68,012 
Amortization of intangibles, net of tax55 73 73 81 84 201 290 
Net income before amortization of intangibles$21,623 $23,026 $27,165 $22,826 $25,723 $71,814 $68,302 
Shareholders' equity$949,158 $954,253 $951,950 $943,318 $933,219 $949,158 $933,219 
Goodwill(175,510)(175,510)(175,510)(175,510)(175,510)(175,510)(175,510)
Other intangibles (b)(1,792)(1,923)(1,960)(1,919)(1,966)(1,792)(1,966)
Tangible common equity$771,856 $776,820 $774,480 $765,889 $755,743 $771,856 $755,743 
Total assets$8,606,406 $8,202,992 $8,141,582 $8,436,897 $8,573,616 $8,606,406 $8,573,616 
Goodwill(175,510)(175,510)(175,510)(175,510)(175,510)(175,510)(175,510)
Other intangibles (b)(1,792)(1,923)(1,960)(1,919)(1,966)(1,792)(1,966)
Tangible assets$8,429,104 $8,025,559 $7,964,112 $8,259,468 $8,396,140 $8,429,104 $8,396,140 
Average shareholders' equity$959,570 $951,863 $949,509 $936,417 $923,454 $953,685 $909,698 
Average goodwill(175,510)(175,510)(175,510)(175,510)(175,510)(175,510)(175,510)
Average other intangibles (b)(1,884)(1,938)(1,922)(1,935)(1,983)(1,914)(2,071)
Average tangible common equity$782,176 $774,415 $772,077 $758,972 $745,961 $776,261 $732,117 
(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