Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 12

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 12
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 the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. This ASU is effective for all entities for annual and interim periods in fiscal years beginning after December 15, 2025. Early adoption is permitted for all entities that have adopted the amendments in ASU 2020-06. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

Note 2. Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share.Three Months EndedSix Months Ended June 30,June 30,(Dollars and shares in thousands, except per share data)2025202420252024Numerator for basic and diluted earnings per share—net income available to common shareholders$19,978 $18,107 $42,373 $38,412 Denominator for basic earnings per share—weighted-average shares outstanding28,859 29,247 28,929 29,330 Effect of dilutive securities—stock options and restricted stock units188 106 226 123 Denominator for diluted earnings per share—adjusted weighted-average shares outstanding29,047 29,353 29,155 29,453 Basic earnings per share$0.69 $0.62 $1.46 $1.31 Diluted earnings per share$0.69 $0.62 $1.45 $1.30 Average antidilutive options and restricted stock units excluded from computation of diluted earnings per share112 334 114 255 

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Note 3. Investment Securities

The following table shows the amortized cost, the estimated fair value and the allowance for credit losses of the held-to-maturity securities and available-for-sale securities at June 30, 2025 and December 31, 2024, by contractual maturity within each type: At June 30, 2025(Dollars in thousands)AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesAllowance for Credit LossesFair ValueSecurities Held-to-MaturityResidential mortgage-backed securities:After 1 year to 5 years$796 $— $(13)$— $783 After 5 years to 10 years11,990 — (350)— 11,640 Over 10 years115,669 — (14,926