Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 143

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 143
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 a 40% loss given default rate on the most recent investment grade credit curve.The contingent consideration liability resulting from the Sheaffer acquisition was calculated using a discount rate of 8.3% on the acquisition date. During the nine months ended September 30, 2025, the Corporation paid $635 thousand in contingent consideration related to this acquisition. There was no contingent consideration liability at September 30, 2025. During the year ended December 31, 2024, the Corporation paid $635 thousand in contingent consideration related to this acquisition. The contingent consideration liability was $635 thousand at December 31, 2024.The following table includes a roll forward of credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the nine months ended September 30, 2025 and 2024:    Nine Months Ended September 30, 2025(Dollars in thousands)Balance atDecember 31,2024AdditionsIncrease in valueBalance at September 30, 2025Credit derivatives$(67)$(531)$500 $(98)Net total $(67)$(531)$500 $(98) Nine Months Ended September 30, 2024(Dollars in thousands)Balance atDecember 31,2023AdditionsIncrease in valueBalance at September 30, 2024Credit derivatives$(186)$(297)$360 $(123)Net total$(186)$(297)$360 $(123)The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the nine months ended September 30, 2025 and 2024: Nine Months Ended September 30, 2025(Dollars in thousands)Balance atDecember 31,2024Payment ofContingentConsiderationAdjustmentof ContingentConsiderationBalance at September 30, 2025Paul I. Sheaffer Insurance Agency$635 $635 $— $— Total contingent consideration liability$635 $635 $— $—  Nine Months Ended September 30, 2024(Dollars in thousands)Balance atDecember 31,2023Payment ofContingentConsiderationAdjustmentof ContingentConsiderationBalance at September 30, 2024Paul I. Sheaffer Insurance Agency$1,224 $635 $38 $627 Total