UNIVEST FINANCIAL Corp
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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.
FY2024 · Filed Feb 24, 2025
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 Balance Sheets
| At December 31, | ||
|---|---|---|
| (Dollars in thousands, except share data) | 2024 | 2023 |
| ASSETS | ||
| Cash and due from banks | $75,998 | $72,815 |
| Interest-earning deposits with other banks | 252,846 | 176,984 |
| Cash and cash equivalents | 328,844 | 249,799 |
| Investment securities held-to-maturity (fair value $115,007 and $128,277 at December 31, 2024 and 2023, respectively) | 134,111 | 145,777 |
| Investment securities available-for-sale (amortized cost $402,651 and $395,727, net of allowance for credit losses of $839 and $731 at December 31, 2024 and 2023, respectively) | 357,361 | 351,553 |
| Investments in equity securities | 2,506 | 3,293 |
| Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost | 38,980 | 40,499 |
| Loans held for sale | 16,653 | 11,637 |
| Loans and leases held for investment | 6,826,583 | 6,567,214 |
| Less: Allowance for credit losses, loans and leases | (87,091) | (85,387) |
| Net loans and leases held for investment | 6,739,492 | 6,481,827 |
| Premises and equipment, net | 46,671 | 51,441 |
| Operating lease right-of-use asset | 28,531 | 31,795 |
| Goodwill | 175,510 | 175,510 |
| Other intangibles, net of accumulated amortization | 8,309 | 10,950 |
| Bank owned life insurance | 139,351 | 131,344 |
| Accrued interest receivable and other assets | 112,098 | 95,203 |
| Total assets | $8,128,417 | $7,780,628 |
| LIABILITIES | ||
| Noninterest-bearing deposits | $1,414,635 | $1,468,320 |
| Interest-bearing deposits | 5,344,624 | 4,907,461 |
| Total deposits | 6,759,259 | 6,375,781 |
| Short-term borrowings | 11,181 | 6,306 |
| Long-term debt | 225,000 | 310,000 |
| Subordinated notes | 149,261 | 148,761 |
| Operating lease liabilities | 31,485 | 34,851 |
| Accrued interest payable and other liabilities | 64,930 | 65,721 |
| Total liabilities | 7,241,116 | 6,941,420 |
| SHAREHOLDERS' EQUITY | ||
| Common stock, $5 par value: 48,000,000 shares authorized at December 31, 2024 and 2023; 31,556,799 shares issued at December 31, 2024 and 2023; 29,045,877 and 29,511,721 shares outstanding at December 31, 2024 and 2023, respectively | 157,784 | 157,784 |
| Additional paid-in capital | 302,829 | 301,066 |
| Retained earnings | 525,780 | 474,691 |
| Accumulated other comprehensive loss, net of tax benefit | (43,992) | (50,646) |
| Treasury stock, at cost; 2,510,922 and 2,045,078 shares at December 31, 2024 and 2023, respectively | (55,100) | (43,687) |
| Total shareholders' equity | 887,301 | 839,208 |
| Total liabilities and shareholders' equity | $8,128,417 | $7,780,628 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.