Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 12

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 12
---
s from issuance of subordinated notes— — 50,000 Subordinated notes issuance costs— — (949)Payment of contingent consideration on acquisitions(635)(635)— Payment for shares withheld to cover taxes on vesting of restricted stock units(873)(1,232)(903)Purchases of treasury stock(18,882)(462)(11,381)Stock issued under dividend reinvestment and employee stock purchase plans 2,384 2,565 2,541 Proceeds from exercise of stock options3,195 115 698 Cash dividends paid(24,842)(25,050)(24,607)Net cash provided by financing activities263,680 461,695 50,806 

58

Net increase (decrease) in cash and cash equivalents79,045 97,000 (737,351)Cash and cash equivalents at beginning of year249,799 152,799 890,150 Cash and cash equivalents at end of period$328,844 $249,799 $152,799 For the Years Ended December 31,202420232022Supplemental disclosures of cash flow information:Cash paid for interest$191,513 $139,600 $32,668 Cash paid for income taxes, net of refunds 20,704 16,784 11,859 Non cash transactions:Transfer of loans to other real estate owned$407 $79 $18,325 Transfer of leases to repossessed assets181 — — Transfer of loans to loans held for sale— 25,646 2,500 

See accompanying notes to consolidated financial statements.

59

UNIVEST FINANCIAL CORPORATION AND SUBSIDIARIES

Notes to Consolidated Financial Statements

(All dollar amounts presented in tables are in thousands, except share and per share data. "N/M" equates to "not meaningful"; "-" equates to "zero" or "doesn't round to a reportable number"; and "N/A" equates to "not applicable".)

Note 1.     Summary of Significant Accounting Policies

OrganizationUnivest Financial Corporation (the "Corporation") through its wholly-owned subsidiary, Univest Bank and Trust Co. (the "Bank"), is engaged in domestic banking services for individuals, businesses, municipalities and non-profit organizations. The Bank is the parent company of Girard Investment Services, LLC, a full-service registered introducing broker-dealer and