Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 4

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 4
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 sheet related to the interest rate swap terminated on August 2, 2024.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 8, "Retirement Plans and Other Postretirement Benefits" for additional details.

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

4

Six Months Ended June 30,(Dollars in thousands)20252024BeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountBeforeTaxAmountTaxExpense(Benefit)Net ofTaxAmountIncome$52,573 $10,200 $42,373 $48,148 $9,736 $38,412 Other comprehensive income (loss):Net unrealized gains (losses) on available-for-sale investment securities:Net unrealized holding gains (losses) arising during the period11,035 2,318 8,717 (2,841)(596)(2,245)(Reversal of provision) provision for credit losses(822)(173)(649)50 10 40 Total net unrealized gains (losses) on available-for-sale investment securities10,213 2,145 8,068 (2,791)(586)(2,205)Net unrealized gains (losses) on interest rate swaps used in cash flow hedges:Net unrealized holding losses arising during the period— — — (5,077)(1,066)(4,011)Less: reclassification adjustment for net losses realized in net income— — — 3,172 666 2,506 Reclassification adjustment recorded in earnings (1)1,134 238 896 — — — Total net unrealized gains (losses) on interest rate swaps used in cash flow hedges1,134 238 896 (1,905)(400)(1,505)Defined benefit pension plans:Amortization of net actuarial gains included in net periodic pension costs (2)75 16 59 294 62 232 Total defined benefit pension plans75 16 59 294 62 232 Other comprehensive income (loss)11,422 2,399 9,023 (4,402)(924)(3,478)Total comprehensive income$63,995 $12,599 $51,396 $43,746 $8,812