Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 3

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 3
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Net income$25,639 $18,578 $68,012 $56,990 Net income per share:Basic$0.89 $0.64 $2.36 $1.95 Diluted0.89 0.63 2.34 1.94 

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 September 30,(Dollars in thousands)20252024BeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountBeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountIncome$32,061 $6,422 $25,639 $23,388 $4,810 $18,578 Other comprehensive income:Net unrealized gains on available-for-sale investment securities:Net unrealized holding gains arising during the period3,604 756 2,848 11,791 2,476 9,315 Provision (reversal of provision) for credit losses1 1 — (139)(29)(110)Less: reclassification adjustment for net gains on sales realized in net income— — — (18)(4)(14)Total net unrealized gains on available-for-sale investment securities3,605 757 2,848 11,634 2,443 9,191 Net unrealized gains on interest rate swaps used in cash flow hedges:Net unrealized holding gains arising during the period— — — 3,098 650 2,448 Less: reclassification adjustment for net losses realized in net income— — — 575 121 454 Reclassification adjustment recorded in earnings (1)577 121 456 370 78 292 Total net unrealized gains on interest rate swaps used in cash flow hedges 577 121 456 4,043 849 3,194 Defined benefit pension plans:Amortization of net actuarial gains included in net periodic pension costs (2)37 8 29 147 31 116 Total defined benefit pension plans37 8 29 147 31 116 Other comprehensive income4,219 886 3,333 15,824 3,323 12,