Univest Financial Corporation · NASDAQ:UVSP
Univest Financial — Q2 2026 Earnings Presentation
47 slides from Univest Financial's earnings presentation, Jul 27, 2026
Slide 1: Investor Presentation
Investor Presentation July 27, 2026
Slide 2: Forward Looking Statements
Forward Looking Statements This report may contain forward-looking statements. When used or incorporated by reference in disclosure documents, the words "may", "will", "could", "should", "would", "believe", "anticipate", "plan", "estimate", "expect", "project", "target", and "goal", the negative of
Slide 3: Forward Looking Statements (continued)
Forward Looking Statements (continued) • Changes in the economic assumptions or methodology utilized to calculate the allowance for credit losses; • Our ability to access cost-effective funding; • Changes in liquidity, including the size and composition of our deposit portfolio and the percentage of
Slide 4: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These non-GAAP measures include tangible common equity, average tangible common equity,
Slide 5: Company Overview
COMPANY OVERVIEW %) @UNIVEST BANKIN G | INSURANCE | INVESTMENTS
Slide 6: Univest Company Overview
Univest Company Overview Key Franchise Highlights • $8.2B bank headquartered in Souderton, PA • Bank founded in 1876 and has expanded its core markets throughout Pennsylvania, Southern New Jersey and Baltimore • 8th largest bank headquartered in PA1 • Experienced management team with a focus on incr
Slide 7: UVSP by the Numbers
UVSP by the Numbers 8th Largest Diversified Financial Institution Headquartered in PA3 5.7% 5-yr CAGR 5.4% 5-yr CAGR 8.9%1 5-yr CAGR 7.9% 5-yr CAGR Organic Loan Growth Organic Core Deposit Core PTPP-NCO2 TBV/Share2 growth w/ Exceptional Asset Growth Growth Quality 1st 2nd ~25% - 30% Largest Bank-own
Slide 8: Deposits and Liquidity Highlights (As of June 30, 2026)
Deposits and Liquidity Highlights (As of June 30, 2026) Brokered deposits totaled $578.6 million Committed borrowing Uncommitted funding or 7.1% of total assets. capacity of $3.7 billion sources of $422.0 Additional available ($2.4 billion available1) million liquidity from brokered deposits totals
Slide 9: Executive Leadership Team
Executive Leadership Team Tenure (yrs) Name Age with Univest Title Jeffrey M. Schweitzer 53 18 Chairman, President and CEO, Univest Financial Corporation Michael S. Keim 58 17 Chief Operating Officer, Univest Financial Corporation and President, Univest Bank and Trust Co. Brian J. Richardson 43 10 C
Slide 10: 2026 Strategy
2026 Strategy ◦ Maintain net interest margin with peer competitive metrics Balance Sheet ◦ Execute a diversified deposit sourcing strategy Optimization ◦ Manage loan growth focusing on full relationship customers and prioritizing comprehensive relationships ◦ Explore opportunities to sell on-balance
Slide 11: Attractive Investment Opportunity
Attractive Investment Opportunity “Super-Community Diversified lines of Opportunity and Bank” Headquartered business and revenue ability to scale and in attractive streams (i.e. Noninterest obtain operating Southeastern Income represents ~25% - leverage Pennsylvania market 30% of total revenue) Stro
Slide 12: Summary Financial Highlights
SUMMARY FINANCIAL HIGHLIGHTS
Slide 13: YTD 2026 Results
YTD 2026 Results Earnings Loans & Deposits Reported Earnings: $50.0 million $1.79 per Share Annualized Loan Growth: 3.6% Core PTPP-NCO1: $67.4 million Reported ROAA: 1.23% Annualized Deposit Contraction: 4.4% Core PTPP-NCO ROAA1: 1.66% Reported ROATE1: 13.09% Average Loan to Deposit Ratio: 101.4% Co
Slide 14: Core PTPP-NCO
Core PTPP-NCO1 $120,000 $111,785 $108,456 $101,298 $100,000 $93,947 $87,236 $84,911 $85,640 $80,000 $69,313 $67,408 $ (000) $60,000 $40,000 $20,000 $— 2018 2019 2020 2021 2022 2023 2024 2025 YTD Q2 2026 1. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation 14
Slide 15: Tangible Book Value Per Share
Tangible Book Value Per Share1 Target 8-10% Annual Growth 2 12/31/25 vs 6/30/26 2018 - 2026 CAGR = 8.5% $30.00 $35.00 $30.00 $1.79 $28.16 $27.20 $28.16 $27.20 $25.00 $(0.78) $(0.05) $25.00 $20.00 $24.43 $15.00 $22.41 $10.00 $20.00 $20.42 $5.00 $20.14 $— $17.66 12/31/25 Earnings Buybacks, AOCI 6/30/2
Slide 16: Core PTPP-NCO ROAA & ROTE
Core PTPP- NCO ROAA1 & ROTE1 Core PTPP-NCO ROAA1 Core PTPP-NCO ROTE1 2.00% 22.00% 1.90% 21.00% 1.80% 20.00% 1.70% 19.00% 1.63% 18.53% 1.66% 18.20% 1.60% 18.00% 1.56% 17.64% 17.63% 1.50% 1.51% 17.00% 1.46% 16.49% 16.14% 1.40% 1.37% 16.00% 1.37% 15.77% 15.19% 1.34% 1.30% 15.00% 1.20% 14.00% 1.19% 13.8
Slide 17: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin Core Net Interest Margin 3.80% $260,000 3.71% (0.01)% 3.65% 3.72% 0.06% $240,000 3.60% 3.59% 3.52% 3.49% 0.14% 0.08% $220,000 3.40% 3.37% 3.41% 3.38% 3.26% $ (000) 0.21% $200,000 3.20% 3.18% 0.12% 3.16% 3.16% 0.04% 0.12% 3.14% 3.12% $180,000 3.06% 3.00% 2.93
Slide 18: Efficiency Ratio
Efficiency Ratio 75.0% UVSP pays a Bank Share Tax rather than Bank Income Tax to the Commonwealth of Pennsylvania as a result of our type of charter. This amount is included in noninterest expense and increases our efficiency ratio by approximately 180 bps compared 72.5% to other banks that do not h
Slide 19: Non-Interest Income % of Total Revenue
Revenue Revenue Revenue2 by Line of Business (YTD Q2 2026) $350,000 50% Univest Capital, Mortgage, 2.1% $300,000 12.2% Wealth, 40% 8.2% Non - Interest Income % of Total Revenue $250,000 Insurance, 30% $200,000 6.3% $ (000) $150,000 20% $100,000 10% $50,000 $— —% 2018 2019 2020 2021 2022 2023 2024 20
Slide 20: Fee Income
Fee Income $100,000 60% $90,000 $88,055 $87,861 $83,224 50% $80,000 $78,328 $77,885 $76,824 $70,000 $65,422 40% $60,173 $60,000 32% 32% 29% 30% $50,000 $ (000) 28% 28% $42,194 26% 27% 26% 25% $40,000 20% $30,000 $20,000 10% $10,000 —% $— $(5,000) 2018 2019 2020 2021 2022 2023 2024 2025 YTD Q2 2026 T
Slide 21: Assets and Loans
Assets and Loans Assets Loans by Segment (excluding PPP) $9,000,000 $8,000,000 $8.4B CAGR = 7.8% $8.1B $8.2B $7.0B $8,000,000 $7.8B $7,000,000 $6.8B $6.9B $6.6B $7.1B $7.2B $6.1B $7,000,000 $6,000,000 $6.3B $5.3B $6,000,000 $5.4B $5,000,000 $4.8B $5.0B $4.4B $5,000,000 $ (000) $ (000) $4.0B $4,000,0
Slide 22: Liabilities and Deposits
Liabilities and Deposits Liabilities Deposits $8,000,000 $8,000,000 $7.5B CAGR = 8.0% $7.2B $7.2B $7.1B $6.9B $6.9B $7,000,000 $7,000,000 $6.8B $6.3B $6.4B $6.4B $6.1B $5.9B $6,000,000 $6,000,000 $5.6B $5.2B $5,000,000 $4.7B $5,000,000 $4.4B $4.4B $ (000) $ (000) $4,000,000 $4,000,000 $3.9B $3,000,0
Slide 23: Asset Quality
Asset Quality Nonperforming Assets Nonaccrual Loans & Leases $70,000 2.50% $50,000 800.0% 2.25% $60,000 700.0% 2.00% $40,000 $50,000 1.75% 600.0% 1.50% $40,000 500.0% 1.25% $30,000 $ (000) $30,000 $ (000) 1.00% 400.0% 0.75% $20,000 $20,000 0.50% 300.0% $10,000 0.25% 200.0% —% $10,000 $0 (0.25)% 100.
Slide 24: Current Expected Credit Loss (CECL)
Current Expected Credit Loss (CECL)1 YTD Q2 $ (000) 2020 2021 2022 2023 2024 2025 2026 Beginning of year Loan and Lease Reserve 35,331 83,044 71,924 79,004 85,387 87,091 88,165 Impact of adoption of CECL 12,922 — — — — — — Loan Growth and changes in economic related assumptions 36,317 (10,546) 4,327
Slide 25: Liquidity and Capital
LIQUIDITY AND CAPITAL
Slide 26: Liquidity and Capital
Liquidity and Capital Liabilities & Shareholders’ Equity Borrowing Sources – as of 6/30/26 Subordinated Debt, 1.2% Balance Unused Other Borrowings, Other Liabilities, 0.9% FHLB - Pittsburgh* $ 125.0 $ 2,011.0 1.8% Federal Fund Lines (8 Lenders)** — 422.0 Brokered Shareholders’ Deposits, FRB - Philad
Slide 27: Strong Capital Ratios Provide for Operating Flexibility
Strong Capital Ratios Provide for Operating Flexibility Tier 1 (Leverage) Tier 1 (Common/RBC) Tier 1 and Common Equity Tier 1 Capital 15.00% 15.00% Ratios are the same. 10.88% 11.03% 11.08% 10.85% 11.22% 11.19% 10.76% 10.37% 10.58% 10.13% 10.02% 9.81% 10.13% 10.00% 9.13% 9.36% 9.51% 9.51% 10.00% 9.0
Slide 28: Largest Deposit Relationships – As of 6/30/26
Largest Deposit Relationships1 – As of 6/30/26 Deposits Balance Rank Type $ (000) 1 Bus/Corp 100,248 2 Bus/Corp 62,402 3 Public Funds 56,813 4 Public Funds 49,775 5 Bus/Corp 48,594 6 Public Funds 45,013 7 Bus/Corp 40,886 8 Bus/Corp 36,754 9 Bus/Corp 36,130 10 Public Funds 33,569 11 Public Funds 33,4
Slide 29: Investments as of 6/30/2026
Investments as of 6/30/2026 Investment Portfolio Corporate Bond Ratings Corporate Other 0.5% Bonds 16.0% Corporate Bonds 06/30/26 (in millions) Moody’s Rating Fair Value Aa2 0.9 Aa3 1.5 $497 A1 41.0 Million A2 14.9 at 6/30/26 A3 16.5 N/A 5.0 Total $79.8 MBS/CMO 83.4% 29
Slide 30: Loan Portfolio Detail and Credit Overview
LOAN PORTFOLIO DETAIL AND CREDIT OVERVIEW
Slide 31: Loan & Lease Detail
Loan & Lease Detail 2018 1,741 938 216 363 33 388 186 142 2019 2,040 947 233 374 30 439 174 149 2020 2,459 893 243 381 27 488 167 165 2021 2,719 956 284 410 26 541 159 185 2022 3,028 1,087 382 478 28 730 177 211 2023 3,303 990 394 517 28 909 179 247 2024 3,530 1,038 274 536 21 995 187 245 2025 3,622
Slide 32: Largest Loan Exposures – As of 6/30/26
Largest Loan Exposures – As of 6/30/26 Commercial Real Estate and Residential Real Estate Secured for Business Purposes Commercial & Industrial $4,591M | Avg Loan Size $624K $1,082M | Avg Loan Size $348K Risk Exposure Risk Exposure Rank Loan Type/Industry Rating $ (000) Geography Rank Loan Type/Indu
Slide 33: Loan Portfolio Overview as of 6/30/26
Loan Portfolio Overview as of 6/30/26 Total Outstanding Balance % of Commercial Industry Description $ (000) 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) 26
Slide 34: Credit Infrastructure
Credit Infrastructure Approval Process Significant Centralized Management Experienced Conservative credit oversight via credit team credit culture underwriting committee process approvals for $10 million or greater Line of Business Credit / Risk Owns Borrower Relationship Owns Borrower Risk Assessme
Slide 35: Credit Overview
Credit Overview • Joint signature up to $10.0 million, then management level loan committee for the largest exposures ◦ Itemized report of all closed loans of $500K or more reported weekly to Officers Loan Committee. • Robust independent loan review process, using team based audits with risk based s
Slide 36: Line of Business Overview
BANK AND TRUST CO. Member FDIC GUNIVEST Girard LINE OF BUSINESS OVERVIEW ak GUNIVEST UNIVEST HOME LOANS INSURANCE, LLC
Slide 37: Commercial Banking
Commercial Banking Highlights Commercial Loan Detail as of 6/30/26 • As of 6/30/26, 89 lenders, relationship managers and portfolio managers operating in four divisions established by geography: Tax-Exempt, 3.0% ◦ East Penn and New Jersey: Bucks, Montgomery, Chester, Delaware, Berks, Philadelphia, L
Slide 38: Consumer Banking
Consumer Banking • 27 financial service centers located in Bucks, Lancaster, Lehigh, Montgomery, Northampton and Philadelphia counties in PA; also operating 12 Regional Centers (Deposit Taking) and 10 retirement centers in Bucks and Montgomery counties. • Proactively addressed continued reduction in
Slide 39: Mortgage Banking
Mortgage Banking Highlights Residential Mortgage Originations • As of 6/30/26, 35 Loan Officers predominately $800,000 $9,000 operating in Bank’s core footprint • Primarily agency lender: FNMA, FHLMC, FHA, $700,000 $8,500 VA and USDA ◦ FNMA and FHLMC eligible loans sold with $600,000 $8,000 servicin
Slide 40: Univest Capital, Inc.
Univest Capital, Inc. Highlights Lease Financing • Equipment financing business with $241 million $280,000 10.00% in lease receivables as of 6/30/26 9.00% $240,000 ◦ Average lease origination size of ~$82K typically with four-year term 8.00% $200,000 • Primary industries served: health care, 7.00% e
Slide 41: Wealth Management
Wealth Management Highlights Assets Under Management/Supervision • Comprehensive wealth management platform $6,500,000 including broker / dealer, municipal pension $6,000,000 services, registered investment advisor, retirement plan services and trust $5,500,000 • The wealth management division opera
Slide 42: Insurance
Insurance Highlights Agent Written Premiums • Independent insurance agency with more $250,000 than 60 carrier relationships as of 6/30/26 $225,000 • Full service agency providing commercial $200,000 and personal lines, employee benefits and HR consulting solutions $175,000 • Built via eight acquisit
Slide 43: Appendix (Non-GAAP Reconciliations)
APPENDIX (Non-GAAP Reconciliations)
Slide 44: Appendix – Non-GAAP Reconciliations
Appendix – Non-GAAP Reconciliations $ (000) 2018 2019 2020 2021 2022 2023 2024 2025 YTD Q2 2026 1. Tangible Common Equity Shareholders' Equity $ 624,133 $ 675,122 $ 692,472 $ 773,794 $ 776,500 $ 839,208 $ 887,301 $ 943,318 $ 954,253 Less: Goodwill 172,559 172,559 172,559 175,510 175,510 175,510 175,
Slide 45: Appendix – Non-GAAP Reconciliations (Continued)
Appendix – Non-GAAP Reconciliations (Continued) $ (000) 2018 2019 2020 2021 2022 2023 2024 2025 YTD Q2 2026 6. Average Interest Earning Assets excluding Excess Liquidity and PPP Loans Average Interest Earning Assets $ 4,321,322 $ 4,783,680 $ 5,594,910 $ 6,232,133 $ 6,520,116 $ 7,096,690 $ 7,433,260
Slide 46: Appendix – Non-GAAP Reconciliations (Continued)
Appendix – Non-GAAP Reconciliations (Continued) $ (000) 2018 2019 2020 2021 2022 2023 2024 2025 YTD Q2 2026 11. Core Pre-Tax Pre-Provision Income less Net Charge-offs ("PTPP-NCO") Pre-Tax Income $ 60,686 $ 80,053 $ 56,897 $ 114,330 $ 97,210 $ 88,689 $ 95,300 $ 113,350 $ 62,039 Plus: Provision for Cr
Slide 47: Univest
j] GUNIVEST BANKING | INSURANCE | INVESTMENTS