# EDGAR Filing Document

**Accession Number:** 0000102212
**File Stem:** 0001628280-25-036110
**Filing Date:** 2025-7
**Character Count:** 49815
**Document Hash:** 3b5e767a2d8164369f5db55a34109bd1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-036110.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001628280-25-036110

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 60

**CONFORMED PERIOD OF REPORT**: 20250728

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNIVEST FINANCIAL Corp
- **CENTRAL INDEX KEY:** 0000102212
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 231886144
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-07617
- **FILM NUMBER:** 251153821

**BUSINESS ADDRESS:**
- **STREET 1:** 14 NORTH MAIN STREET
- **STREET 2:** PO BOX 197
- **CITY:** SOUDERTON
- **STATE:** PA
- **ZIP:** 18964
- **BUSINESS PHONE:** 2157212400

**MAIL ADDRESS:**
- **STREET 1:** 14 NORTH MAIN STREET
- **STREET 2:** PO BOX 197
- **CITY:** SOUDERTON
- **STATE:** PA
- **ZIP:** 18964

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNIVEST CORP OF PENNSYLVANIA
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? uvsp-20250728

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**_______________________** 

**FORM 8-K** 

**_______________________** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): July 28, 2025** 

**_______________________** 

**UNIVEST FINANCIAL CORPORATION**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Pennsylvania** | **0-7617** | **23-1886144** |
| **(State or other jurisdiction** | **(Commission** | **(I.R.S. Employer** |
| **of incorporation)** | **File Number)** | **Identification No.)** |

---

**14 North Main Street, Souderton, Pennsylvania 18964**

**(Address of principal executive office) (Zip Code)**

**Registrant's telephone number, including area code (215) 721-2400**

**Not applicable**

**(Former name or former address, if changed since last report)**

**_______________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2 (b))

☐ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<u>Title of class</u>** | **<u>Trading Symbol</u>** | **<u>Name of exchange on which registered</u>** |
| Common Stock, $5 par value | UVSP | The NASDAQ Stock Market |

---

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| | |
|:---|:---|
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |
| Emerging growth company | ☐ |
| If an emerging growth company, indicated by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ◻ |

---

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| | |
|:---|:---|
| **<u>Item 7.01</u>** | **<u>Regulation FD Disclosure</u>** |

---

On July 28, 2025, Univest Financial Corporation (the "Corporation"), parent company of Univest Bank and Trust Co., made available and distributed to analysts and prospective investors a slide presentation. The presentation materials include information regarding the Corporation's operating and growth strategies and financial performance. The slide presentation is furnished in this Current Report on Form 8-K, pursuant to this Item 7.01, as Exhibit 99.1, and is incorporated herein by reference.

The information contained in this Item 7.01 and Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, and shall not be incorporated by reference into any filings made by the Corporation under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such filing.

---

| | |
|:---|:---|
| **<u>Item 9.01</u>** | **<u>Financial Statements and Exhibits</u>** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Not applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Not applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

---

| | |
|:---|:---|
| Exhibit No. | Description of Document |
| 99.1 | <u>[Slide presentation for Univest Financial Corporation (furnished pursuant to Item 7.01 hereof)](uvspinvestorpresentation.htm)</u> |
| 104 | The cover page from the Corporation's Form 8-K, formatted in Inline XBRL |

---

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| Univest Financial Corporation | Univest Financial Corporation |
| By: | /s/ Brian J. Richardson |
| Name: | Brian J. Richardson |
| Title: | Senior Executive Vice President, |
|  | Chief Financial Officer |

---

July 28, 2025

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**EXHIBIT INDEX**

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| | |
|:---|:---|
| Exhibit No. | Description of Document |
| 99.1 | <u>[Slide presentation for Univest Financial Corporation (furnished pursuant to Item 7.01 hereof)](uvspinvestorpresentation.htm)</u> |
| 104 | The cover page from the Corporation's Form 8-K, formatted in Inline XBRL |

---

## Exhibit 99.1

![](uvspinvestorpresentation001.jpg)

Investor Presentation July 28, 2025

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![](uvspinvestorpresentation002.jpg)

Safe Harbor Statement 2 Cautionary Note Regarding Forward-Looking Statements The information contained in this report may contain forward-looking statements. When used or incorporated by reference in disclosure documents, the words "believe," "anticipate," "estimate," "expect," "project," "target," "goal" and similar expressions are intended to identify forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include but are not limited to: statements of our goals, intentions and expectations; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality, growth and composition of our loan, investment and deposit portfolios; statements regarding our financial performance, financial condition and liquidity; and estimates of our risks and future credit provision expenses. These forward-looking statements are based on our current beliefs and expectations and are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to certain risks, uncertainties and assumptions with respect to future business strategies and decisions that are subject to change, including but not limited to those set forth below: • Operating, legal and regulatory risks; • Economic, political and competitive forces; • General economic conditions, either nationally or in our market areas, that are worse than expected, included as a result of employment levels and labor shortages, and the effect of a potential recession or slowed economic growth caused by supply chain disruptions or otherwise; • Legislative, regulatory and accounting changes, including increased assessments by the Federal Deposit Insurance Corporation and changes in the income tax laws and regulations; • Monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; • Demand for our financial products and services in our market area; • Major catastrophes such as earthquakes, floods or other natural or human disasters and infectious disease outbreaks, the related disruption to local, regional and global economic activity and financial markets, and the impact that any of the foregoing may have on us and our customers and other constituencies; • Inflation or volatility in interest rates that reduce our margins and yields, the fair value of financial instruments or our level of loan originations or prepayments on loans we have made and make or the sale of loans or other assets and/or lead to higher operating costs and higher costs to retain or attract deposits; • The imposition of tariffs or other domestic or international governmental policies and retaliatory responses; • Fluctuations in real estate values in our market area; • A failure to maintain adequate levels of capital and liquidity to support our operations; • The composition and credit quality of our loan and investment portfolios; • Changes in the level and direction of loan delinquencies, classified and criticized loans and charge-offs and changes in estimates of the adequacy of the allowance for credit losses; • Changes in the economic assumptions or methodology utilized to calculate the allowance for credit losses; • Our ability to access cost-effective funding; • Changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; • Our ability to implement our business strategies; • Our ability to manage market risk, credit risk, interest rate risk and operational risk; • Timing and amount of revenue and expenditures; • Adverse changes in the securities markets; • The impact of any military conflict, terrorist act or other geopolitical acts;

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![](uvspinvestorpresentation003.jpg)

Safe Harbor Statement (cont'd) 3 Cautionary Note Regarding Forward-Looking Statements • Our ability to enter new markets successfully and capitalize on growth opportunities; • Competition for loans, deposits and employees; • System failures or cyber-security breaches of our information technology infrastructure and those of our third-party service providers; • The failure to maintain current technologies and/or to successfully implement future information technology enhancements; • Changes in investor sentiment or consumer spending or savings behavior; • Our ability to attract and retain key employees; • Other risks and uncertainties, including those occurring in the U.S. and international financial systems; and • The risk that our analysis of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, expected or projected. These forward-looking statements speak only as of the date of the report. The Corporation expressly disclaims any obligation to publicly release any updates or revisions to reflect any change in the Corporation's expectations with regard to any change in events, conditions or circumstances on which any such statement is based.

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![](uvspinvestorpresentation004.jpg)

Non-GAAP Financial Measures This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These non-GAAP measures include tangible common equity, core net interest income excluding PPP, core noninterest expense excluding purchase accounting ("PA"), core tax equivalent revenue, core pre-tax pre- provision income less net charge-offs ("PTPP-NCO"), average assets excluding PPP, and average interest earning assets excluding excess liquidity and PPP. Management uses these "non-GAAP" measures in its analysis of the Corporation's performance. Management believes these non-GAAP financial measures allow for better comparability of period to period operating performance. Additionally, the Corporation believes this information is utilized by regulators and market analysts to evaluate a company's financial condition and therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. A reconciliation of the non-GAAP measures used in this presentation to the most directly comparable GAAP measures is provided in the Appendix to this presentation. 4

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![](uvspinvestorpresentation005.jpg)

COMPANY OVERVIEW

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![](uvspinvestorpresentation006.jpg)

Univest Company Overview • Headquartered in Souderton, Pennsylvania (Montgomery County) • Bank founded in 1876, holding company formed in 1973 • Engaged in financial services business, providing full range of banking, insurance and wealth management services ◦ Comprehensive financial solutions delivered locally • Experienced management team with proven performance track record • Primarily serving thirteen counties in the Southeastern and Central regions of Pennsylvania, six counties in Western Pennsylvania, three counties in Southern New Jersey and four counties in Maryland • Operating leverage and scale with $7.9 billion of assets, $5.4 billion of assets under management and supervision and agent for $229 million of underwritten insurance premiums as of 6/30/25 6

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![](uvspinvestorpresentation007.jpg)

UVSP by the Numbers 7 7th Largest Diversified Financial Institution Headquartered in PA 4.4%1 Core PTPP-NCO2 <--5-year CAGR--> 9.3% TBV/Share Conservatively Managed Organic Growth Engine ~25% - 30% Fee Income Business Revenue/Total 6.6% 5-yr CAGR Organic Loan Growth w/ Exceptional Asset Quality 6.2% 5-yr CAGR Organic Core Deposit Growth 2nd Largest Bank-owned Insurance Agency in PA 3rd Largest Bank-owned Wealth Management business in PA 1. 5-year CAGR is calculated by comparing YTD Q2 2025Core PTPP-NCO2 to YTD Q2 2020 Core PTPP-NCO2. 2. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation.

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![](uvspinvestorpresentation008.jpg)

Deposits and Liquidity Highlights (As of June 30, 2025) 8 Committed borrowing capacity of $3.6 billion ($2.3 billion available1) Estimated unprotected deposits totaled $1.5 billion3 or 23.0% of total deposits Noninterest-bearing deposits represent 22.2% of total deposits Prudently managed investment portfolio: ~ 6% of total assets Unrealized loss ~ 5%4 of equity5 Brokered deposits totaled $410.4 million or 5.2% of total assets. Additional available liquidity from brokered deposits totals $1.2 billion2 Uncommitted funding sources of $469.0 million 1. Reflects usage of $200.0 million of FHLB advances and $1.1 billion of letters of credit used to collateralize public fund deposits 2. Brokered Deposit policy limit allows for a maximum of 20% of assets 3. Excludes insured, collateralized and internal accounts 4. Includes AFS and HTM investments 5. Excludes AOCI impact of unrealized losses on AFS investments

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![](uvspinvestorpresentation009.jpg)

Executive Leadership Team 9 Name Age Tenure (yrs) with Univest Title Jeffrey M. Schweitzer 52 17 Chairman, President and CEO, Univest Financial Corporation Michael S. Keim 57 16 Chief Operating Officer, Univest Financial Corporation and President, Univest Bank and Trust Co. Brian J. Richardson 42 9 Chief Financial Officer Megan D. Santana 50 9 Chief Risk Officer and General Counsel Patrick C. McCormick 48 3 Chief Commercial Banking Officer John T. Haurin 60 9 President, Commercial Banking, East Penn and NJ Division Thomas J. Jordan 57 9 President, Commercial Banking, Central PA Division Christopher M. Trombetta 55 3 President, Commercial Banking, Western PA Division Matthew L. Cohen 42 3 President, Commercial Banking, Maryland Division Ronald R. Flaherty 58 16 President, Univest Insurance, LLC David W. Geibel 52 11 President, Girard (Univest Wealth Management Division) Mark T. Kelly 57 10 President, Univest Capital, Inc. Brian E. Grzebin 54 7 President, Mortgage Banking Division Eric W. Conner 54 19 Chief Information Officer M. Theresa Fosko 55 21 Director of Human Resources Briana Dona 44 24 Managing Director of Innovation Joseph A. Pensabene 58 2 Managing Director of Operations Neil D. McHugh 45 1 Managing Director, Deposit Strtegy & Program Eleni S. Monios 61 2 Chief Credit Officer Christopher M. McCarthy 47 25 Managing Director of Consumer Services Anthony D. Da Costa 58 26 Managing Director of Consumer Services 9

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![](uvspinvestorpresentation010.jpg)

Univest Primary Physical Service Area 10 KEY Headquarters Financial Center Regional Center Regional Center (Deposit Taking) Insurance Western PA Maryland Southeastern PA, Central PA and New Jersey

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![](uvspinvestorpresentation011.jpg)

2025 Strategy 11 Balance Sheet Optimization Improve Operating Leverage Growth In Non-Interest Income Businesses Human Capital ◦ Maintain net interest margin with peer competitive metrics ◦ Execute a diversified deposit sourcing strategy ◦ Manage loan growth focusing on full relationship customers and prioritizing comprehensive relationships ◦ Explore opportunities to sell on-balance mortgage loans when economic conditions permit ◦ Increase use of digital properties ◦ Leverage investments in technology and process enhancements to drive efficiencies ◦ Explore increased usage of "E Delivery" tools ◦ Prioritize sustainable growth in non-interest income businesses as these businesses are less capital and liquidity intensive ◦ Continue to develop career paths and training programs ◦ Identify attributes and behaviors of high performers and incorporate them into our training programs

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![](uvspinvestorpresentation012.jpg)

Attractive Investment Opportunity 12 1. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation. 2. Based on price of $29.38 (represents closing price on 7/25/2025). 3. Based on analyst average consensus of $2.96 EPS for 2026 (KBW projection of $3.04 as of July 24th and Stephens projection of $2.88 as of July 7th). 13.89% 13.96% 1.19% 1.26% 10.94% 11.16% Core PTPP-NCO ROATE Core PTPP-NCO ROAA Core PTPP-NCO ROAE 2024 YTD Q2 2025 —% 10.00% 20.00% 30.00% Strong Earnings Performance1 Dividend Yield 3.00% (2) 9.9x Projected 2026 EPS (2)(3) Attractive Valuation Super-Community Bank Headquartered in attractive Southeastern Pennsylvania market Opportunity and ability to scale and obtain operating leverage Diversified lines of business and revenue streams (i.e. Noninterest Income represents ~25% - 30% of total revenue) 1.2x Tangible Book Value per Share (1)(2)

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![](uvspinvestorpresentation013.jpg)

SUMMARY FINANCIAL HIGHLIGHTS

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![](uvspinvestorpresentation014.jpg)

YTD Q2 2025 Results 1. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation. 2. Includes PA capital stock tax expense - increases efficiency ratio by approximately 180 bps 14 Earnings Loans & Deposits Key Ratios Reported Earnings: $42.4 million $1.46 per Share Core PTPP-NCO1: $50.0 million Reported ROAA: 1.07% Core PTPP-NCO ROAA1: 1.26% Reported ROATE 1: 11.84% Core PTPP-NCO ROATE 1: 13.96% Annualized Loan Contraction : (0.8)% Annualized Deposit Contraction: (5.2)% Average Loan to Deposit Ratio: 103.2% Net Interest Margin1 (tax- equivalent) Reported Efficiency Ratio2 Non-Performing Assets to Total Assets Tangible Equity1 to Tangible Assets Tangible Book Value Per Share 3.14% 61.6% 0.64% 9.52% $25.66

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![](uvspinvestorpresentation015.jpg)

$64,978 $68,620 $84,911 $85,340 $87,236 $108,434 $100,321 93,825 $49,950 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q2 2025 $— $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Core Pre-Tax Pre-Provision Income less Net Charge-Offs1 1. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation. 15

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![](uvspinvestorpresentation016.jpg)

$14.44 $15.24 $17.01 $17.66 $20.14 $20.42 $22.41 $24.43 $25.66 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q2 2025 $— $5.00 $10.00 $15.00 $20.00 $25.00 Tangible Book Value Per Share1 1. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation. 2. Assumes no Wealth Management or Insurance acquisitions. Target 8-10% Annual Growth 2 2017 - 2025 CAGR = 8.0% 16 12/31/24 vs 06/30/25 $24.29 $1.46 $(0.40) $0.31 $25.66 12/31/24 Earnings Buybacks, Dividends, Other AOCI 6/30/2025 $— $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 1 12/31/17 vs 06/30/25 $14.44 $17.84 $(6.03) $(0.59) $25.66 12/31/17 Earnings Buybacks, Dividends, Other AOCI 6/30/2025 $— $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00

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![](uvspinvestorpresentation017.jpg)

Core PTPP- NCO ROAA & ROTE 1. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation. 1.49% 1.45% 1.63% 1.51% 1.37% 1.56% 1.33% 1.19% 1.26% 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q2 2025 1.00% 1.10% 1.20% 1.30% 1.40% 1.50% 1.60% 1.70% 1.80% 1.90% 2.00% 19.54% 16.33% 18.20% 17.58% 15.77% 18.53% 16.14% 13.89% 13.96% 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q2 2025 12.00% 13.00% 14.00% 15.00% 16.00% 17.00% 18.00% 19.00% 20.00% 21.00% 22.00% 17 Core PTPP-NCO ROAA1 Core PTPP-NCO ROTE1

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![](uvspinvestorpresentation018.jpg)

Net Interest Income & Net Interest Margin 1. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation. 2. Pro forma tax equivalent margin calculation excludes purchase accounting accretion and is based upon a pro forma 21% tax rate for all periods presented 3. 2020 - 2022 Core Net Interest Income excludes PPP 18 3.78% 3.72% 3.67% 3.37% 3.18% 3.52% 3.16% 2.93% 3.18% 3.59% 3.16% 3.06% 3.38% 3.12% 2.86% 3.14% 0.08% 0.21% 0.12% 0.14% 0.04% 0.07% 0.04% Reported NIM (2) PPP & Excess Liquidity Core Net Interest Income (1)(3) 2017 2018 2019 2020 2021 2022 2023 2024 Q2 2025 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% $130,000 $140,000 $150,000 $160,000 $170,000 $180,000 $190,000 $200,000 $210,000 $220,000 $230,000 Core Net Interest Margin

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![](uvspinvestorpresentation019.jpg)

62.5% 61.9% 61.4% 60.6% 60.9% 62.4% 66.0% 65.7% 61.6% 60.8% 60.1% 60.2% 60.7% 63.2% 59.7% 62.0% 64.7% 60.4% Reported Efficiency Ratio (Noninterest Expense/Tax Equivalent Revenue) Efficiency Ratio (Core Noninterest Expense Excluding PA Shares Tax/Core Tax Equivalent Revenue) (1),(2) 2017 2018 2019 2020 2021 2022 2023 2024 Q2 2025 50.0% 52.5% 55.0% 57.5% 60.0% 62.5% 65.0% 67.5% 70.0% 72.5% 75.0% Efficiency Ratio 1. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation. 2. Based upon a pro forma 21% tax rate for all periods presented. UVSP's effective tax rate would be approximately 400 bps higher if the Bank Shares Tax was included in income tax expense. 19 UVSP pays a Bank Share Tax rather than Bank Income Tax to the Commonwealth of Pennsylvania as a result of our type of charter. This amount is included in noninterest expense and increases our efficiency ratio by approximately 180 bps compared to other banks that do not have this tax. UVSP's effective tax rate would be approximately 400 bps higher if the Bank Shares Tax was included in income tax expense.

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![](uvspinvestorpresentation020.jpg)

Revenue 1. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation. 2. 2022 is a pro forma annualized figure - (YTD Q3/3x4) Revenue = Net Interest Income + Noninterest Income $(0 00) N on-Interest Incom e % of Total R evenue Net Interest Income (excl PPP) Non-Interest Income Non-Interest Income % of Total revenue 2017 2018 2019 2020 (1) 2021 (1) 2022 (1) 2023 2024 YTD Q 2 2025 — 60,000 120,000 180,000 240,000 300,000 360,000 —% 10% 20% 30% 40% 50% 20 Commercial, 70.6% Mortgage, 13.3% Univest Capital, 2.0% Wealth, 7.9% Insurance, 6.2% Revenue Revenue by Line of Business (YTD Q2 2025) 1

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Fee Income 21 $55,963 $59,240 $60,173 $65,422 $78,328 $83,224 $77,885 $76,824 $88,055 $43,916 33% 29% 28% 28% 32% 32% 26% 26% 29% 27% Trust / Wealth Fee Income Insurance Fee Income Mortgage Banking Service Charges on Deposit Accounts Other Service Fee Income BOLI Other % of Total Revenue 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q2 2025 $— $12,000 $24,000 $36,000 $48,000 $60,000 $72,000 $84,000 $96,000 —% 10% 20% 30% 40% 50%

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![](uvspinvestorpresentation022.jpg)

Assets and Loans Chart data as of December 31 except for 2025 (6/30) Assets Excluding PPP Loans: 2020 = $5.9B, 2021 = $7.1B and 2022 = $7.2B $(0 00) $4.2B $4.6B $5.0B $5.4B $6.3B $7.1B $7.2B $7.8B $8.1B $7.9B Net Loans & Leases Total Investment Securities Other Assets Cash and Due From Banks 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 22 Assets Loans by Segment (excluding PPP) $3.3B $3.6B $4.0B $4.4B $4.8B $5.3B $6.1B $6.6B $6.8B $6.8B Commercial Real Estate Commercial, financial and agricultural Real Estate - Residential Loans to Individuals Lease Financings 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 CAGR = 8.9%

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![](uvspinvestorpresentation023.jpg)

Liabilities and Deposits Chart data as of December 31 except for 2025 (6/30) $(0 00) $3.7B $4.0B $4.4B $4.7B $5.6B $6.3B $6.4B $6.9B $7.2B $7.0B Interest-Bearing Deposits Noninterest-Bearing Deposits Borrowings Other Liabilities 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 $(0 00) $3.3B $3.6B $3.9B $4.4B $5.2B $6.1B $5.9B $6.4B $6.8B $6.6B DD, Noninterest-Bearing DD, Interest-Bearing Regular Savings Time Deposits 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 23 CAGR = 8.6% Liabilities Deposits

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Asset Quality Chart data as of December 31 except for 2025 (6/30) $(0 00) Nonaccrual Loans and Leases ACL/nonaccrual loans and leases 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 — 10,000 20,000 30,000 40,000 50,000 0.0% 100.0% 200.0% 300.0% 400.0% 500.0% 600.0% 700.0% 800.0% $(0 00) Nonaccrual & 90+ Past Due Loans and Leases Troubled Debt Restructured Loans and Leases Other Real Estate Owned Repossessed Assets Nonperforming Assets to Total Assets Ratio of Net Charge-offs to Avg Loans and Leases 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 — 10,000 20,000 30,000 40,000 50,000 60,000 (0.25)% —% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% 1.75% 2.00% 2.25% 2.50% 24 Nonperforming Assets Nonaccrual Loans & Leases

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Current Expected Credit Loss (CECL)1 25 1. Reflects the current expected credit loss for loans and leases only; excludes the current expected credit loss for investment securities and unfunded commitments 2020 2021 2022 2023 2024 YTD 2025 Beginning of year Loan and Lease Reserve $35,331 $83,044 $71,924 $79,004 $85,387 $87,091 Impact of adoption of CECL 12,922 — — — — — Loan Growth and changes in economic related assumptions 36,317 (10,546) 4,327 7,360 1,545 (966) Changes in Specific Reserves 3,122 (361) 6,648 4,420 3,961 10,356 Net Charge-offs (4,648) (213) (3,895) (5,397) (3,802) (9,493) End of year Loan and Lease Reserve $83,044 $71,924 $79,004 $85,387 $87,091 $86,989 Coverage Ratio 0.85% 1.72% 1.36% 1.29% 1.30% 1.28% 1.28% 2019 2020 2021 2022 2023 2024 YTD 2025 0.75% 1.00% 1.25% 1.50% 1.75% 2.00% 1.10%

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LIQUIDITY AND CAPITAL

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Liquidity and Capital All data in millions, as of 6/30/25 Balance Unused FHLB - Pittsburgh\* $200.0 $1,862.6 Federal Fund Lines (8 Lenders)\*\* — 469.0 FRB - Philadelphia — 414.5 Univest Financial Corp. LOC 1 — 10.0 Total $200.0 $2,756.1 \*FHLB remaining capacity is less outstanding letters of credit and advances \*\*Uncommitted lines ranging from $15mm to $125mm 1 Holding Company Line of Credit with 3rd Party Financial Institution Period Amount 2025 4.8 2026 131.0 2027 172.5 2028 196.5 2029 95.1 2030 10.0 Total $609.9 27 Liabilities & Shareholders' Equity Borrowing Sources – as of 6/30/25 Wholesale Term Funding Maturities – as of 6/30/25 Business Deposits, 31.7% Public Funds Deposits, 15.8% Consumer Deposits, 30.3% Brokered Deposits, 5.2% Other Borrowings, 2.6% Subordinated debt, 1.9% Other Liabilities, 1.1% Shareholders' Equity, 11.6% $7.9 Billion at 6/30/25

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Strong Capital Ratios Provide for Operating Flexibility 28 Tier 1 (Leverage) 8.84% 10.48% 10.13% 10.02% 9.08% 9.13% 9.81% 9.36% 9.51% 9.94% 5.00% Required Capital Ratio with full Basel III phase-in Univest Financial Corp 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 —% 2.50% 5.00% 7.50% 10.00% 12.50% Tier 1 (Common/RBC) 9.42% 11.11% 10.88% 11.03% 10.76% 11.08% 10.37% 10.58% 10.85% 11.19% 8.50% Required Capital Ratio with full Basel III phase-in Univest Financial Corp 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 —% 5.00% 10.00% 15.00% Total (RBC) 12.44% 14.00% 13.70% 13.78% 15.31% 13.77% 13.67% 13.90% 14.19% 14.58% 10.50% Required Capital Ratio with full Basel III phase-in Univest Financial Corp 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 —% 5.00% 10.00% 15.00% 20.00% Tangible Common Equity to Tangible Assets 7.97% 9.68% 9.29% 9.59% 8.40% 8.56% 8.49% 8.70% 8.92% 9.52% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 —% 2.50% 5.00% 7.50% 10.00% 12.50% Tier 1 and Common Equity Tier 1 Capital Ratios are the same.

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Largest Deposit Relationships 1 – As of 6/30/25 29 Deposits Balance Rank Type (000s) 1 Bus/Corp 103,999 2 Public Funds 92,136 3 Bus/Corp 71,072 4 Bus/Corp 50,199 5 Public Funds 49,997 6 Public Funds 39,336 7 Bus/Corp 37,019 8 Public Funds 35,582 9 Public Funds 35,143 10 Bus/Corp 34,667 11 Public Funds 33,681 12 Public Funds 31,618 13 Public Funds 27,822 14 Public Funds 27,680 15 Public Funds 25,836 16 Public Funds 25,425 17 Public Funds 24,480 18 Bus/Corp 23,837 19 Public Funds 23,181 20 Bus/Corp 22,404 1. Excludes Brokered Deposits and CD's

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Investments Corporate Bonds (in millions) Moody's Rating Aa3 1.0 Aa2 0.5 Aa1 — Aaa 0.5 A3 16.9 A2 15.5 A1 43.5 Baa2 — Baa1 — WR — N/A — Total 77.9 30 MBS/ CMO 84.8% Other 0.4% Corporate Bonds 14.8% $497 Million at 6/30/25 Investment Portfolio Corporate Bond Ratings

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LOAN PORTFOLIO DETAIL AND CREDIT OVERVIEW

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Loan & Lease Detail Chart Data is as of December 31 except for 2025 (6/30) 2020 - 2022 Total Loans excludes PPP 32 1,375 1,542 1,741 2,040 2,459 2,719 3,028 3,303 3,530 3,486 823 896 938 947 893 956 1,087 990 1,038 1,052 175 176 216 233 243 284 382 394 274 302 294 342 363 374 381 410 478 517 536 535 30 28 33 30 27 26 28 28 21 14 291 322 388 439 488 541 730 909 995 984 163 184 186 174 167 159 177 179 187 195 135 130 142 149 165 185 211 247 245 232 Real estate-commercial Commercial, Financial and Agricultural Real estate-construction Real estate-residential secured for business purpose Loans to individuals Real estate-residential secured for personal purpose Real estate-home equity secured for personal purpose Lease financings 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

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Largest Loan Exposures – As of 6/30/25 33 Commercial Real Estate and Residential Real Estate Secured for Business Purposes Commercial & Industrial $4,323M \| Avg Loan Size $607K $1,052M \| Avg Loan Size $351K Risk Exposure Risk Exposure Rank Loan Type/Industry Rating (000s) Geography Rank Loan Type/Industry Rating (000s) Geography 1 Car Dealerships Pass $42,634 Southeastern PA 1 Private Equity & Special Purpose Entities Pass $44,000 Southeastern PA 2 Highway, Street & Bridge Construction / Quarry Pass $41,777 Southeastern PA 2 Motor Vehicle and Parts Dealers Pass $42,773 Southeastern PA 3 Repair and Maintenance Pass $41,630 Central PA 3 Merchant Wholesalers, Durable Goods Pass $36,916 Southeastern PA 4 Retirement Community Pass $40,492 New Jersey 4 Private Equity & Special Purpose Entities Pass $36,000 Southeastern PA 5 Hotels & Motels Pass $39,840 Southeastern PA 5 Repair and Maintenance Pass $35,622 New Jersey 6 CRE - Mixed-Use Pass $38,906 Southeastern PA 6 Credit Intermediation and Other Related Activities Pass $31,246 Southeastern PA 7 CRE - Retail Pass $38,677 Southeastern PA 7 Highway, Street & Bridge Construction / Land Subdivision Pass $31,133 Southeastern PA 8 Retirement Community Pass $38,000 Virginia 8 Credit Intermediation and Other Related Activities Pass $30,640 Southeastern PA 9 CRE - Multi-family Pass $36,182 New Jersey 9 Credit Intermediation and Other Related Activities Pass $30,000 New Jersey 10 Homebuilding (tract developers, remodelers) Pass $33,377 Southeastern PA 10 Private Equity & Special Purpose Entities Pass $30,000 New York Equipment Finance Consumer Loans $232M \| Avg Balance per Account $46K $1,212M \| Avg Loan Size $460K (Res Mtg) / $89K (HE) / $36K (Cons) Risk Exposure Risk Exposure Rank Loan Type/Industry Rating (000s) Geography Rank Loan Type/Industry Rating (000s) Geography 1 School District '---N/A--- $2,076 Pennsylvania 1 1-4 Family Residential '---N/A--- $6,099 Florida 2 Storage Facility $1,307 New Jersey 2 Constr-Perm 10yr ARM 1-4 Family Res. $5,707 Connecticut 3 School District $1,227 New Jersey 3 Constr-Perm 10yr ARM 1-4 Family Res. $3,885 New Jersey 4 School District $1,121 New Jersey 4 1-4 Family Residential $3,699 Connecticut 5 School District $1,116 Pennsylvania 5 Constr-Perm 10yr ARM 1-4 Family Res. $3,605 Pennsylvania 6 School District $1,115 New Jersey 6 1-4 Family Residential $3,263 South Carolina 7 Landscaping $1,072 New Hampshire 7 1-4 Family Residential $3,163 Pennsylvania 8 School District $1,036 New Jersey 8 1-4 Family Residential $3,000 Florida 9 School District $1,027 New Jersey 9 1-4 Family Residential $2,984 New Jersey 10 School District $873 Pennsylvania 10 1-4 Family Residential $2,961 Pennsylvania

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Loan Portfolio Overview – As of 6/30/25 34 Industry Description Total Outstanding Balance % of Commercial Loan Portfolio CRE - Retail $453,445 8.4 % Animal Production 401,946 7.5 CRE - Multi-family 360,345 6.7 CRE - 1-4 Family Residential Investment 279,322 5.2 CRE - Office 262,374 4.9 Hotels & Motels (Accommodation) 222,878 4.1 CRE - Industrial / Warehouse 222,234 4.1 Specialty Trade Contractors 197,138 3.7 Nursing and Residential Care Facilities 167,978 3.1 Homebuilding (tract developers, remodelers) 154,166 2.9 Merchant Wholesalers, Durable Goods 140,876 2.6 Repair and Maintenance 135,318 2.5 Motor Vehicle and Parts Dealers 132,852 2.5 Crop Production 113,684 2.1 CRE - Mixed-Use - Residential 113,422 2.1 Wood Product Manufacturing 99,041 1.8 Food Services and Drinking Places 88,822 1.7 Real Estate Lenders, Secondary Market Financing 87,750 1.6 Administrative and Support Services 86,092 1.6 Professional, Scientific, and Technical Services 85,567 1.6 Merchant Wholesalers, Nondurable Goods 81,836 1.5 Private Equity & Special Purpose Entities (except 52592) 76,957 1.4 CRE - Mixed-Use - Commercial 76,067 1.4 Fabricated Metal Product Manufacturing 72,635 1.4 Amusement, Gambling, and Recreation Industries 69,971 1.3 Education 65,839 1.2 Religious Organizations, Advocacy Groups 65,568 1.2 Personal and Laundry Services 63,886 1.2 Miniwarehouse / Self-Storage 63,531 1.2 Food Manufacturing 53,682 1.0 Industries with >$50 million in outstandings $4,495,222 83.6 % Industries with <$50 million in outstandings $880,273 16.4 % Total Commercial Loans $5,375,495 100.0 % Consumer Loans and Lease Financings Total Outstanding Balance Real Estate-Residential Secured for Personal Purpose $984,166 Real Estate-Home Equity Secured for Personal Purpose 195,014 Loans to Individuals 14,069 Lease Financings 232,441 Total Consumer Loans and Lease Financings $1,425,690 Total $6,801,185

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Credit Infrastructure 35 Approval Process Credit / Risk Owns Borrower Risk Risk Assessment/Analysis Portfolio Risk Assessment Credit Risk Structure Underwriting Process Approval Sign-Off Independent Loan Review Line of Business Owns Borrower Relationship Business/Industry Expertise or Analysis Transaction Structure Negotiations Term Sheet Shared Approval Process RISK Management Process Experienced credit team Conservative credit culture Centralized credit underwriting process Significant Management oversight via committee approvals for $10 million or greater

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• Joint signature up to $10.0MM, then management level loan committee for the largest exposures. ◦ Itemized report of all closed loans of $500K or more reported weekly to Officers Loan Committee. • Robust independent loan review process, using team based audits with risk based scope. • Generally, lending is in Pennsylvania, Delaware, New Jersey and Maryland. • Management of risk appetite through quarterly reporting to Enterprise Risk Management Committee of the Board ("ERM"). ◦ In-House commercial concentrations levels vs. policy limits, out of market lending report, largest commercial borrowers, regulatory concentrations vs. risk based capital, CRE regulatory guidance report. • CRE portfolio trends and market analysis, with stress testing, presented annually to ERM Committee, meeting regulatory expectations for portfolio stress testing. • Independent departments for appraisal and environmental report ordering, construction loan disbursement and monitoring. • Chief Risk Officer reports directly to the Board of Directors. Credit Overview 36

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LINE OF BUSINESS OVERVIEW

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Commercial Banking • As of 6/30/25, 86 lenders, relationship managers and portfolio managers operating in four divisions established by geography: ◦ East Penn and New Jersey: Bucks, Montgomery, Chester, Delaware, Berks, Philadelphia, Lehigh and Northampton counties in Pennsylvania and Cape May, Atlantic and Burlington counties in New Jersey ◦ Central PA: Lancaster, York, Cumberland, Lebanon and Dauphin counties ◦ Western PA: Allegheny, Beaver, Butler, Fayette, Washington and Westmoreland counties ◦ Maryland: Baltimore, Baltimore City, Howard and Anne Arundel counties • Average loan size ◦ Commercial real estate - $607K ◦ C&I - $351K ◦ Tax-exempt - $1.1M • Commercial customer base provides large opportunity for cross-sell of cash management (deposits), wealth management and insurance products and services Tax-Exempt, 3.2% C&I, 18.3% Commercial Real Estate, 78.6% $4.8 billion, represents 78.7% of loans \*includes $535 million of Residential Real Estate secured for Business Purpose 38 Commercial Banking Commercial Loan Detail as of 6/30/25

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Consumer Banking • 27 financial service centers located in Bucks, Lancaster, Lehigh, Montgomery, Northampton and Philadelphia counties in PA; also operating 12 Regional Centers (Deposit Taking) and 10 retirement centers in Bucks and Montgomery counties. • Proactively addressed continued reduction in transactional volume by closing 22 financial centers and 4 retirement centers since September 2015; Reinvesting savings in our digital solutions and expanded operating footprint • Financial centers staffed by combination of personal bankers and tellers, providing both transaction and consultative services augmented by technology • Focused on creating seamless customer experience between in-person and digital • Growth strategy focused on obtaining consumer business from commercial customers and their employee base 39

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Mortgage Banking • As of 6/30/25, 34 Loan Officers predominately operating in Bank's core footprint • Primarily agency lender: FNMA, FHLMC, FHA, VA and USDA ◦ FNMA and FHLMC eligible loans sold with servicing retained ◦ GNMA issuer ◦ FHA, VA and USDA loans currently sold primarily to correspondents with servicing released; we will be ramping up in-house securitization with servicing retained ◦ Portfolio primarily non-conforming (size) hybrid ARMs • $985.0 million in loans serviced for others as of 6/30/25; $5.9 million in mortgage servicing rights • Residential mortgages (includes home equity loans) on balance sheet of $1.2 billion or 17.3% of total loans as of 6/30/25 Chart data for the year ended December 31 except for 2025 (6/30) 40 $(0 00) M SR A sset V alue ($000) Agency Correspondent Portfolio MSR Asset 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500 9,000 Mortgage Banking Residential Mortgage Originations

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Univest Capital, Inc. • Equipment financing business with $232 million in lease receivables as of 6/30/25 • Average lease size $46,000 typically with four-year term • Primary industries served: health care, education, automotive, golf/turf, C&I equipment and energy • Manage residual risk by primarily using $1 buyout leases and equipment finance agreements (~$1.5 million of residuals as of 6/30/25) Chart data as of December 31 except for 2025 (6/30) 41 $(0 00) Y ield Commercial Government Yield 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 — 40,000 80,000 120,000 160,000 200,000 240,000 280,000 —% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% Univest Capital Lease Financing

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Wealth Management • Comprehensive wealth management platform including broker / dealer, municipal pension services, registered investment advisor, retirement plan services and trust • The wealth management division operates under the Girard brand (i.e., Girard Advisory Services, LLC, Girard Benefits Group, LLC, Girard Pension Services, LLC, Girard Investment Services, LLC) • Organic growth supplemented by acquisition ◦ Trust powers obtained in 1928 ◦ Broker / Dealer acquired in 1999 ◦ Municipal pension operation acquired in 2008 ◦ Registered investment advisor, Girard Partners, acquired in 2014 • $5.4 billion in assets under management/ supervision at 6/30/25 Chart data as of December 31 except for 2025 (6/30) $(0 00) RIA & Pension Services Broker/Dealer Trust 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 — 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000 5,500,000 42 Wealth Management Assets Under Management

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Insurance • Independent insurance agency with more than 60 carrier relationships • Full service agency providing commercial and personal lines, employee benefits and HR consulting solutions • Built via a series of eight acquisitions beginning in 2000 • Agent for written premiums of $229 million as of 6/30/25. Chart data as of December 31 except for 2025 (6/30) $(0 00) Commercial Personal Employee Benefits 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 — 25,000 50,000 75,000 100,000 125,000 150,000 175,000 200,000 225,000 250,000 43 Insurance Agent Written Premiums

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APPENDIX (Non-GAAP Reconciliations)

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Appendix – Non-GAAP Reconciliations 1. Amount does not include mortgage servicing rights 2. Based upon a pro forma 21% tax rate for all periods presented. $s in millions 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q2 2025 1. Tangible Common Equity Shareholders' Equity $603,374 $624,133 $675,122 $692,472 $773,794 $776,500 $839,208 $887,301 $916,733 Less: Goodwill 172,559 172,559 172,559 172,559 175,510 175,510 175,510 175,510 175,510 Less: Other Intangibles 1 7,357 5,264 3,815 2,580 4,210 3,251 2,405 2,263 2,040 Tangible Common Equity $423,458 $446,310 $498,748 $517,333 $594,074 $597,739 $661,293 $709,528 $739,183 2. Average Tangible Common Equity Average Shareholders' Equity $527,087 $612,197 $652,453 $668,201 $734,456 $771,499 $805,667 $858,019 $902,706 Less: Average Goodwill 172,559 172,559 172,559 172,559 172,810 175,510 175,510 175,510 175,510 Less: Average Other Intangibles 1 8,751 6,258 4,548 3,181 2,338 3,694 2,802 2,193 2,114 Average Tangible Common Equity $345,777 $433,380 $475,346 $492,461 $559,308 $592,295 $627,355 $680,316 $725,082 3. Core Net Interest Income excluding PPP Net Interest Income $143,176 $158,062 $169,232 $174,361 $188,383 $218,297 $219,997 $211,170 $116,322 Tax Equivalent Interest Income 2 5,637 2,649 2,594 2,466 2,128 1,915 1,199 1,173 802 Net Interest Income Tax Equivalent $148,813 $160,711 $171,826 $176,827 $190,511 $220,212 $221,196 $212,343 $117,124 Less: PPP Net Interest Income — — — 7,862 15,032 797 — — — Core Net Interest Income excluding PPP $148,813 $160,711 $171,826 $168,965 $175,479 $219,415 $221,196 $212,343 $117,124 4. Core Noninterest Expense & Core Noninterest Expense, excluding PA shares tax Noninterest expense $130,713 $137,239 $146,090 $154,998 $167,409 $186,774 $197,362 $197,992 $99,660 Less: Restructuring costs — 571 — 1,439 — 184 1,519 — — Plus: FDIC Small Bank Assessment Credit — — 1,102 — — — — — — Plus: Capitalized compensation for PPP Loans — — — 1,280 616 — — — — Less: Digital transformation — — — — — 3,806 1,558 — — Less: Market Expansions — — — — — 705 4,025 — — Core Noninterest Expense $130,713 $136,668 $147,192 $154,839 $168,025 $182,079 $190,260 $197,992 $99,660 Less: Bank Capital Stock Tax Expense 3,644 3,857 3,895 4,376 4,728 4,833 5,038 5,287 2,850 Core Noninterest Expense, excl PA shares tax $127,069 $132,811 $143,297 $150,463 $163,297 $177,246 $185,222 $192,705 $96,810 45

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Appendix – Non-GAAP Reconciliations (cont.) 1. Based upon a pro forma 21% tax rate for all periods presented. 2. Excess liquidity is defined by Management as Interest Earning Deposits with Other Banks greater than $40 million 46 $s in millions 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q2 2025 5. Core Tax Equivalent Revenue Total Revenue $202,416 $218,235 $234,654 $252,689 $271,607 $296,182 $296,821 $299,225 $160,238 Plus: Tax Equivalent Adjustment 6,697 3,493 3,439 3,248 3,186 2,922 2,046 2,199 1,592 Tax Equivalent Revenue 1 $209,113 $221,728 $238,093 $255,937 $274,793 $299,104 $298,867 $301,424 $161,830 Less: BOLI Death Benefits (Tax Equivalent) — 715 — — 1,392 1,237 — 310 1,415 Less: Gain on Sale of MSRs — — — — — — — 3,361 17 Less: PPP Net Interest Income — — — 7,862 15,032 797 — — — Core Tax Equivalent Revenue $209,113 $221,013 $238,093 $248,075 $258,369 $297,070 $298,867 $297,753 $160,398 6. Core Pre-Tax Pre-Provision Income less Net Charge-offs ("PTPP-NCO") Pre-Tax Income $61,811 $60,686 $80,053 $56,897 $114,330 $97,210 $88,689 $95,300 $52,573 Plus: Provision for Credit Losses 9,892 20,310 8,511 40,794 (10,132) 12,198 10,770 5,933 8,005 Less: BOLI Death Benefits 889 446 — — 1,101 977 — 245 1,118 Plus: Restructuring Charges — 571 — 1,439 — 184 1,519 — — Less: Net Charge-offs 5,836 12,501 2,551 4,648 213 3,895 5,397 3,802 9,493 Less: FDIC Small Bank Assessment Credit — — 1,102 — — — — — — Less: PPP Activity — — — 9,142 15,648 797 — — — Plus: Digital transformation — — — — — 3,806 1,558 3,361 — Less: Gain on Sale of MSRs — — — — — — — — 17 Plus: Market Expansions — — — — — 705 3,182 — — Core PTPP-NCO $64,978 $68,620 $84,911 $85,340 $87,236 $108,434 $100,321 $93,825 $49,950 Plus: Intangible expense 2,582 2,166 1,595 1,216 979 1,293 938 694 261 Core PTPP-NCO excluding intangible expense $67,560 $70,786 $86,506 $86,556 $88,215 $109,727 $101,259 $94,519 $50,211 7. Average Interest Earning Assets excluding Excess Liquidity and PPP Loans Average Interest Earning Assets $3,938,520 $4,321,322 $4,783,680 $5,594,910 $6,232,133 $6,520,116 $7,096,690 $7,433,260 $7,513,191 Less: Average PPP Loans — — — 342,920 281,484 7,939 — — — Less: Average Excess Liquidity 2 — 94,669 101,760 234,372 436,351 285,875 90,309 180,356 85,725 Avg Int Earning Assets excl. Excess Liq. & PPP $3,938,520 $4,226,653 $4,681,920 $5,017,618 $5,514,298 $6,226,302 $7,006,381 $7,252,904 $7,427,466 8. Average Assets Excluding PPP Average Assets $4,356,540 $4,737,772 $5,224,583 $6,006,877 $6,655,443 $6,956,292 $7,557,058 $7,897,707 $7,980,254 Less: Average PPP Loans — — — 342,920 281,484 7,939 — — — Average Assets Excluding PPP $4,356,540 $4,737,772 $5,224,583 $5,663,957 $6,373,959 $6,948,353 $7,557,058 $7,897,707 $7,980,254 9. Total Loans excluding PPP Total Loans $3,620,067 $4,006,574 $4,386,836 $5,306,841 $5,310,017 $6,123,230 $6,567,214 $6,826,583 $6,801,185 Less: PPP Loans — — — 483,773 31,748 2,147 — — — Total Loans excluding PPP $3,620,067 $4,006,574 $4,386,836 $4,823,068 $5,278,269 $6,121,083 $6,567,214 $6,826,583 $6,801,185

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