Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 3

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 3
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$38,412 Net income per share:Basic$0.69 $0.62 $1.46 $1.31 Diluted0.69 0.62 1.45 1.30 

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

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Table of Contents

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)Three Months Ended June 30,(Dollars in thousands)20252024BeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountBeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountIncome$25,016 $5,038 $19,978 $22,592 $4,485 $18,107 Other comprehensive income:Net unrealized gains (losses) on available-for-sale investment securities:Net unrealized holding gains arising during the period3,875 814 3,061 148 32 116 Reversal of provision for credit losses(729)(153)(576)(36)(8)(28)Total net unrealized gains on available-for-sale investment securities3,146 661 2,485 112 24 88 Net unrealized gains on interest rate swaps used in cash flow hedges:Net unrealized holding losses arising during the period— — — (1,064)(223)(841)Less: reclassification adjustment for net losses realized in net income— — — 1,586 333 1,253 Reclassification adjustment recorded in earnings (1)569 119 450 — — — Total net unrealized gains on interest rate swaps used in cash flow hedges 569 119 450 522 110 412 Defined benefit pension plans:Amortization of net actuarial gains included in net periodic pension costs (2)23 5 18 147 31 116 Total defined benefit pension plans23 5 18 147 31 116 Other comprehensive income3,738 785 2,953 781 165 616 Total comprehensive income$28,754 $5,823 $22,931 $23,373 $4,650 $18,723 

(1) Represents reclassification to earnings as a reduction to interest income of amounts included in accumulated other comprehensive income on the condensed consolidated balance