Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 9

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 9
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24,109 (109,061)Cash flows from financing activities:Net (decrease) increase in deposits(176,602)119,529 Net (decrease) increase in short-term borrowings(4,910)5,475 Proceeds from issuance of long-term debt50,000 — Repayment of long-term debt(75,000)(60,000)Payment of contingent consideration on acquisitions(635)(635)Payment for shares withheld to cover taxes on vesting of restricted stock units(1,582)(857)Purchases of treasury stock(11,440)(10,516)Stock issued under dividend reinvestment and employee stock purchase plans1,149 1,268 Proceeds from exercise of stock options323 373 Cash dividends paid(12,749)(12,621)Net cash (used in) provided by financing activities(231,446)42,016 Net decrease in cash and cash equivalents(168,479)(58,888)Cash and cash equivalents at beginning of year328,844 249,799 Cash and cash equivalents at end of period$160,365 $190,911 Supplemental disclosures of cash flow information:Cash paid for interest$98,926 $91,937 Cash paid for income taxes, net of refunds11,310 11,090 Non cash transactions:Transfer of loans to other real estate owned$2,526 $252 Transfer of leases to repossessed assets17 167 

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

8

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 intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to the rules and regulations for interim financial information. The accompanying unaudited condensed