Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 1

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 1
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ed interest payable and other liabilities54,718 64,930 Total liabilities7,071,695 7,241,116 SHAREHOLDERS’ EQUITYCommon stock, $5 par value: 48,000,000 shares authorized at March 31, 2025 and December 31, 2024; 31,556,799 shares issued at March 31, 2025 and December 31, 2024; 28,962,648 and 29,045,877 shares outstanding at March 31, 2025 and December 31, 2024, respectively157,784 157,784 Additional paid-in capital300,634 302,829 Retained earnings541,776 525,780 Accumulated other comprehensive loss, net of tax benefit(37,922)(43,992)Treasury stock, at cost; 2,594,151 and 2,510,922 shares at March 31, 2025 and December 31, 2024, respectively(58,800)(55,100)Total shareholders’ equity903,472 887,301 Total liabilities and shareholders’ equity$7,975,167 $8,128,417 

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 INCOME

(Unaudited)

Three Months Ended March 31,(Dollars in thousands, except per share data)20252024Interest incomeInterest and fees on loans and leases$97,346 $92,617 Interest and dividends on investment securities:Taxable4,019 3,647 Exempt from federal income taxes4 12 Interest on deposits with other banks1,360 1,609 Interest and dividends on other earning assets687 724 Total interest income103,416 98,609 Interest expenseInterest on deposits41,979 41,973 Interest on short-term borrowings14 5 Interest on long-term debt and subordinated notes4,642 5,164 Total interest expense46,635 47,142 Net interest income56,781 51,467 Provision for credit losses2,311 1,432 Net interest income after provision for credit losses54,470 50,035 Noninterest incomeTrust fee income2,161 2