Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 8

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 8
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Note: See accompanying notes to the unaudited condensed consolidated financial statements.

7

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)  Nine Months Ended September 30,(Dollars in thousands)20252024Cash flows from operating activities:Net income$68,012 $56,990 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses8,522 3,553 Depreciation of premises and equipment4,127 4,096 Net amortization of investment securities premiums and discounts723 794 Amortization, fair market value adjustments and capitalization of servicing rights404 3,290 Net gain on sales of investment securities— (18)Net gain on mortgage banking activities(2,476)(3,945)Bank owned life insurance income(4,879)(2,849)Stock-based compensation3,402 3,414 Intangible expenses367 539 Other adjustments to reconcile net income to cash used in operating activities(2,528)(1,881)Originations of loans held for sale(151,697)(235,166)Proceeds from the sale of loans held for sale164,291 234,788 Contributions to pension and other postretirement benefit plans(199)(187)Increase in accrued interest receivable and other assets(7,260)(14,980)Decrease in accrued interest payable and other liabilities(9,967)(1,376)Net cash provided by operating activities70,842 47,062 Cash flows from investing activities:Proceeds from sale of premises and equipment427 2,450 Purchases of premises and equipment(3,915)(2,467)Proceeds from maturities, calls and principal repayments of securities held-to-maturity10,367 10,462 Proceeds from maturities, calls and principal repayments of securities available-for-sale37,962 43,146 Proceeds from sales of securities available-for-sale— 505 Purchases of investment securities held-to-maturity(2,546)(2,640)Purchases of investment securities available-for-sale(34,849)(37,794)Proceeds from sales of equity securities5,430 3,437 Purchases of money market mutual funds(5,337)(2,482)Net (increase) decrease in other investments(637