UNIVEST FINANCIAL Corp
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 26, 2024
UVSP$41.09+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders Equity
| (Dollars in thousands, except per share data) | CommonSharesOutstanding | CommonStock | AdditionalPaid-inCapital | RetainedEarnings | AccumulatedOtherComprehensive(Loss) Income | TreasuryStock | Total |
|---|---|---|---|---|---|---|---|
| Balance at December 31, 2020 | 29,295,052 | $157,784 | $296,186 | $306,899 | $(22,144) | $(46,253) | $692,472 |
| Net income | — | — | — | 91,801 | — | — | 91,801 |
| Other comprehensive income, net of income tax | — | — | — | — | 5,791 | — | 5,791 |
| Cash dividends declared ($0.80 per share) | — | — | — | (23,519) | — | — | (23,519) |
| Stock-based compensation | — | — | 3,513 | (56) | — | — | 3,457 |
| Stock issued under dividend reinvestment and employee stock purchase plans | 86,187 | — | 153 | (1) | — | 2,232 | 2,384 |
| Vesting of restricted stock units, net of shares withheld to cover taxes | 43,963 | — | (1,153) | — | — | 798 | (355) |
| Exercise of stock options | 93,033 | — | 155 | — | — | 1,903 | 2,058 |
| Cancellations of performance-based restricted stock awards | (7,199) | — | 327 | — | — | (327) | — |
| Purchases of treasury stock | (10,494) | — | — | — | — | (295) | (295) |
| Balance at December 31, 2021 | 29,500,542 | $157,784 | $299,181 | $375,124 | $(16,353) | $(41,942) | $773,794 |
| Net income | — | — | — | 78,120 | — | — | 78,120 |
| Other comprehensive loss, net of income tax benefit | — | — | — | — | (45,751) | — | (45,751) |
| Cash dividends declared ($0.83 per share) | — | — | — | (24,399) | — | — | (24,399) |
| Stock-based compensation | — | — | 3,989 | (208) | — | — | 3,781 |
| Stock issued under dividend reinvestment and employee stock purchase plans | 96,366 | — | 169 | — | — | 2,372 | 2,541 |
| Vesting of restricted stock units, net of shares withheld to cover taxes | 92,073 | — | (2,551) | — | — | 1,648 | (903) |
| Exercise of stock options | 32,934 | — | 20 | — | — | 678 | 698 |
| Purchases of treasury stock | (450,000) | — | — | — | — | (11,381) | (11,381) |
| Balance at December 31, 2022 | 29,271,915 | $157,784 | $300,808 | $428,637 | $(62,104) | $(48,625) | $776,500 |
| Net income | — | — | — | 71,104 | — | — | 71,104 |
| Other comprehensive income, net of income tax | — | — | — | — | 11,458 | — | 11,458 |
| Cash dividends declared ($0.84 per share) | — | — | — | (24,717) | — | — | (24,717) |
| Stock-based compensation | — | — | 4,210 | (333) | — | — | 3,877 |
| Stock issued under dividend reinvestment and employee stock purchase plans | 128,480 | — | (78) | — | — | 2,643 | 2,565 |
| Vesting of restricted stock units, net of shares withheld to cover taxes | 131,601 | — | (3,857) | — | — | 2,625 | (1,232) |
| Exercise of stock options | 6,210 | — | (17) | — | — | 132 | 115 |
| Purchases of treasury stock | (26,485) | — | — | — | — | (462) | (462) |
| Balance at December 31, 2023 | 29,511,721 | $157,784 | $301,066 | $474,691 | $(50,646) | $(43,687) | $839,208 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.