Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 68

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 68
---
4,706 $4,298 $4,220 Tax benefit on nonqualified stock option expense and disqualifying dispositions of incentive stock options$1,041 $702 $666 

97

There were no significant modifications or accelerations to options, restricted stock awards or restricted stock units from 2022 through 2024. 

Note 15.     Accumulated Other Comprehensive (Loss) Income

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:(Dollars in thousands)Net Unrealized(Losses) Gains onAvailable-for-SaleInvestmentSecuritiesNet ChangeRelated toDerivatives Usedfor Cash FlowHedgesNet ChangeRelated toDefined BenefitPension PlansAccumulatedOtherComprehensive(Loss) IncomeBalance, December 31, 2021$(1,216)$(159)$(14,978)$(16,353)Other comprehensive loss(38,850)(6,672)(229)(45,751)Balance, December 31, 2022(40,066)(6,831)(15,207)(62,104)Other comprehensive income5,745 2,265 3,448 11,458 Balance, December 31, 2023(34,321)(4,566)(11,759)(50,646)Other comprehensive (loss) income(796)1,397 5,306 5,907 Reclassification adjustment recorded in earnings (1)— 747 — 747 Balance, December 31, 2024$(35,117)$(2,422)$(6,453)$(43,992)(1) Represents reclassification to earnings as a reduction to interest income of amounts included in accumulated other comprehensive income on the consolidated balance sheet related to the interest rate swap terminated on August 2, 2024.

Note 16.      Leases

The following table provides information with respect to the Corporation's operating leases:For the Years Ended December 31,(Dollars in thousands)20242023Operating lease cost$4,179 $4,152 Short-term lease cost17 13 Total lease cost$4,196 $4,165 Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from leases$4,262 $3,890 At December 31, 2024At December 31,