Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 5

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 5
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$34,934 

(1) Represents reclassification to earnings as a reduction to interest income of amounts included in accumulated other comprehensive income on the condensed consolidated balance 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.

5

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)

(Dollars in thousands, except per share data)CommonSharesOutstandingCommonStockAdditionalPaid-inCapitalRetainedEarningsAccumulatedOtherComprehensiveLossTreasuryStockTotalThree Months Ended June 30, 2025Balance at March 31, 202528,962,648 $157,784 $300,634 $541,776 $(37,922)$(58,800)$903,472 Net income — — — 19,978 — — 19,978 Other comprehensive income, net of income tax— — — — 2,953 — 2,953 Cash dividends declared ($0.22 per share)— — — (6,353)— — (6,353)Stock-based compensation— — 965 3 — — 968 Stock issued under dividend reinvestment and employee stock purchase plans18,981 — 48 (1)— 528 575 Vesting of restricted stock units, net of shares withheld to cover taxes433 — (15)— — 8 (7)Exercise of stock options1,500 — 8 — — 35 43 Purchases of treasury stock(172,757)— — — — (4,896)(4,896)Balance at June 30, 202528,810,805 $157,784 $301,640 $555,403 $(34,969)$(63,125)$916,733 

(Dollars in thousands, except per share data)CommonSharesOutstandingCommonStockAdditionalPaid-inCapitalRetainedEarningsAccumulatedOtherComprehensiveLossTreasuryStockTotalThree Months Ended June 30