Univest Financial Raises Quarterly Dividend 4.5% to $0.23 Per Share
Univest Financial Corporation (NASDAQ: UVSP), a Pennsylvania-based bank holding company, declared a quarterly cash dividend of $0.23 per share, up from $0.22. The increase marks the second consecutive year the company has raised its payout.
Univest Financial Corporation (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, declared a quarterly cash dividend of $0.23 per share on April 22, 2026. The payment represents a $0.01 increase, or 4.5%, from the previous quarterly dividend of $0.22 per share. Read more dividend announcements.
The dividend will be paid to shareholders of record as of May 6, 2026. This marks the second consecutive year Univest has increased its dividend, following a $0.01 per share raise in May 2025.
| Dividend Details | Information |
|---|---|
| Amount | $0.23 per share |
| Previous Amount | $0.22 per share |
| Increase | 4.5% |
| Record Date | May 6, 2026 |
| Payment Date | May 20, 2026 |
| Frequency | Quarterly |
First Quarter Financial Performance
The Souderton, Pennsylvania-based company reported net income of $27.1 million for the quarter ended March 31, 2026, or $0.96 per diluted share. That compares to net income of $22.4 million, or $0.77 per diluted share, for the same period in 2025, representing a 24.7% increase in earnings per share year-over-year.
First quarter results included $372 thousand in tax-free bank owned life insurance death benefit proceeds, adding $0.01 to diluted earnings per share. The quarter also included a $427 thousand restructuring charge related to the planned closure of two underutilized facilities, reducing earnings by $0.01 per diluted share after tax.
Balance Sheet Activity
Gross loans and leases increased $25.4 million, or 0.4%, from December 31, 2025, driven by growth in commercial and commercial real estate loans. Compared to March 31, 2025, gross loans and leases rose $107.2 million, or 1.6%, led by construction, commercial, commercial real estate and home equity lending.
Total deposits decreased $273.6 million, or 3.9%, from December 31, 2025, primarily reflecting seasonal runoff in public funds during the quarter. Year-over-year, total deposits increased $155.3 million, or 2.3%, from March 31, 2025.