Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 7

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 7
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60 $2.42 $2.66 Diluted2.58 2.41 2.64 

See accompanying notes to consolidated financial statements.

55

UNIVEST FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

 For the Years Ended December 31,(Dollars in thousands)202420232022BeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountBeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountBeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountIncome$95,300 $19,369 $75,931 $88,689 $17,585 $71,104 $97,210 $19,090 $78,120 Other comprehensive (loss) income:Net unrealized (losses) gains on available-for-sale investment securities:Net unrealized holding (losses) gains arising during the period(1,098)(231)(867)7,681 1,613 6,068 (49,358)(10,365)(38,993)Provision (reversal of provision) for credit losses108 23 85 (409)(86)(323)211 44 167 Less: reclassification adjustment for net gains on sales realized in net income (1)(18)(4)(14)— — — (30)(6)(24)Total net unrealized (losses) gains on available-for-sale investment securities(1,008)(212)(796)7,272 1,527 5,745 (49,177)(10,327)(38,850)Net unrealized gains (losses) on interest rate swaps used in cash flow hedges:Net unrealized holding losses arising during the period(1,979)(416)(1,563)(2,726)(573)(2,153)(7,925)(1,665)(6,260)Less: reclassification adjustment for net losses (gains) realized in net income3,747 787 2,960 5,593 1,175 4,418 (521)(109)(412)Reclassification adjustment recorded in earnings (2)946 199 747 — — — — — — Total net unrealized gains (losses) on interest rate swaps used in cash flow hedges2,714 570 2,144 2,867 602