Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 9

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 9
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)264 Net decrease (increase) in loans and leases28,499 (165,648)Proceeds from sales of foreclosed / repossessed assets275 68 Purchases of bank owned life insurance— (5,710)Proceeds from bank owned life insurance5,186 1,159 Net cash provided by (used in) investing activities40,862 (155,250)Cash flows from financing activities:Net increase in deposits458,881 478,350 Net increase in short-term borrowings770 1,950 Proceeds from issuance of long-term debt50,000 — Repayment of long-term debt(75,000)(85,000)Repayment of subordinated debt(20,000)— Payment of contingent consideration on acquisitions(635)(635)Payment for shares withheld to cover taxes on vesting of restricted stock units(1,596)(859)Purchases of treasury stock(19,208)(14,706)Stock issued under dividend reinvestment and employee stock purchase plans1,732 1,855 Proceeds from exercise of stock options323 877 Cash dividends paid(19,076)(18,743)Net cash provided by financing activities376,191 363,089 Net increase in cash and cash equivalents487,895 254,901 Cash and cash equivalents at beginning of year328,844 249,799 Cash and cash equivalents at end of period$816,739 $504,700 

8

 Nine Months Ended September 30,(Dollars in thousands)20252024Supplemental disclosures of cash flow information:Cash paid for interest$148,698 $140,759 Cash paid for income taxes, net of refunds14,479 15,740 Non cash transactions:Transfer of loans to other real estate owned$3,945 $407 Transfer of leases to repossessed assets78 167 

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

9

UNIVEST FINANCIAL CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements (Unaudited)

Note 1. Summary of Significant Accounting Policies

Principles of Consolidation and Basis of PresentationThe accompanying unaudited condensed consolidated financial statements include the accounts of Univest Financial Corporation (the Corporation) and its wholly owned subsidiaries. The Corporation’s direct subsidiary is Univest Bank and Trust Co. (the Bank). All significant