Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 4

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 4
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501 Total comprehensive income$36,280 $7,308 $28,972 $39,212 $8,133 $31,079 

(1) Represents reclassification to earnings as a reduction to interest income of amounts included in accumulated other comprehensive income on the condensed consolidated balance sheet related to the interest rate swap terminated on August 2, 2024.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 8, "Retirement Plans and Other Postretirement Benefits" for additional details.

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

4

Nine Months Ended September 30,(Dollars in thousands)20252024BeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountBeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountIncome$84,634 $16,622 $68,012 $71,536 $14,546 $56,990 Other comprehensive income:Net unrealized gains on available-for-sale investment securities:Net unrealized holding gains arising during the period14,639 3,074 11,565 8,950 1,880 7,070 Reversal of provision for credit losses(821)(172)(649)(89)(19)(70)Less: reclassification adjustment for net gains on sales realized in net income— — — (18)(4)(14)Total net unrealized gains on available-for-sale investment securities13,818 2,902 10,916 8,843 1,857 6,986 Net unrealized gains on interest rate swaps used in cash flow hedges:Net unrealized holding losses arising during the period— — — (1,979)(416)(1,563)Less: reclassification adjustment for net losses realized in net income— — — 3,747 787 2,960 Reclassification adjustment recorded in earnings (1)1,711 359 1,352 370 78 292 Total net unrealized gains on interest rate swaps used in cash flow hedges1,711 359 1,352 2,138 449 1,689 Defined benefit pension plans:Amortization of net actuarial gains included in net periodic pension costs (2)112 24 88 441 93 348 Total defined benefit pension plans