Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 8

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 8
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 June 30,(Dollars in thousands)20252024Cash flows from operating activities:Net income$42,373 $38,412 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses8,005 2,139 Depreciation of premises and equipment2,731 2,718 Net amortization of investment securities premiums and discounts480 521 Amortization, fair market value adjustments and capitalization of servicing rights81 2,899 Net gain on mortgage banking activities(1,628)(2,649)Bank owned life insurance income(2,971)(1,928)Stock-based compensation2,252 2,231 Intangible expenses261 375 Other adjustments to reconcile net income to cash used in operating activities(1,567)(1,107)Originations of loans held for sale(95,067)(138,398)Proceeds from the sale of loans held for sale95,735 124,758 Contributions to pension and other postretirement benefit plans(125)(126)Increase in accrued interest receivable and other assets(3,526)(18,716)Decrease in accrued interest payable and other liabilities(8,176)(2,972)Net cash provided by operating activities38,858 8,157 Cash flows from investing activities:Proceeds from sale of premises and equipment305 2,445 Purchases of premises and equipment(3,293)(1,852)Proceeds from maturities, calls and principal repayments of securities held-to-maturity6,727 6,583 Proceeds from maturities, calls and principal repayments of securities available-for-sale24,025 32,931 Purchases of investment securities held-to-maturity(1,236)(1,100)Purchases of investment securities available-for-sale(22,380)(27,351)Proceeds from sales of equity securities2,955 2,103 Purchases of money market mutual funds(2,250)(1,847)Net decrease in other investments2,498 3,061 Net decrease (increase) in loans and leases14,283 (119,483)Proceeds from sales of foreclosed / repossessed assets239 — Purchases of bank owned life insurance— (5,710)Proceeds from bank owned life insurance2,236 1,159 Net cash provided by (used in) investing activities