UNIVEST FINANCIAL Corp
For the period ended Jun 30, 2026. Filed Jul 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Income for the Three
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended June 30, | ||||||
|---|---|---|---|---|---|---|
| (Dollars in thousands) · 2026 · 2025 | ||||||
| BeforeTaxAmount · TaxExpense(Benefit) · Net ofTaxAmount · BeforeTaxAmount · TaxExpense(Benefit) · Net ofTaxAmount | ||||||
| Income | $28,558 | $5,605 | $22,953 | $25,016 | $5,038 | $19,978 |
| Other comprehensive income: | ||||||
| Net unrealized (losses) gains on available-for-sale investment securities: | ||||||
| Net unrealized holding (losses) gains arising during the period | (1,183) | (249) | (934) | 3,875 | 814 | 3,061 |
| Provision (reversal of provision) for credit losses | 3 | 1 | 2 | (729) | (153) | (576) |
| Less: reclassification adjustment for net gain on investment securities transactions realized in net income | (11) | (2) | (9) | — | — | — |
| Total net unrealized (losses) gains on available-for-sale investment securities | (1,191) | (250) | (941) | 3,146 | 661 | 2,485 |
| Net unrealized gains on interest rate swaps used in cash flow hedges: | ||||||
| Reclassification adjustment recorded in earnings (1) | 212 | 44 | 168 | 569 | 119 | 450 |
| Total net unrealized gains on interest rate swaps used in cash flow hedges | 212 | 44 | 168 | 569 | 119 | 450 |
| Defined benefit pension plans: | ||||||
| Amortization of net actuarial (losses) gains included in net periodic pension costs (2) | (5) | (1) | (4) | 23 | 5 | 18 |
| Total defined benefit pension plans | (5) | (1) | (4) | 23 | 5 | 18 |
| Other comprehensive (losses) income | (984) | (207) | (777) | 3,738 | 785 | 2,953 |
| Total comprehensive income | $27,574 | $5,398 | $22,176 | $28,754 | $5,823 | $22,931 |
(1)Represents reclassification to earnings as a reduction to interest income of amounts included in accumulated other comprehensive income on the condensed consolidated balance sheet related to the interest rate swap terminated on August 2, 2024.
(2)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 8, "Retirement Plans and Other Postretirement Benefits" for additional details.
| Six Months Ended June 30, | ||||||
|---|---|---|---|---|---|---|
| (Dollars in thousands) · 2026 · 2025 | ||||||
| BeforeTaxAmount · TaxExpense(Benefit) · Net ofTaxAmount · BeforeTaxAmount · TaxExpense(Benefit) · Net ofTaxAmount | ||||||
| Income | $62,039 | $11,994 | $50,045 | $52,573 | $10,200 | $42,373 |
| Other comprehensive income: | ||||||
| Net unrealized (losses) gains on available-for-sale investment securities: | ||||||
| Net unrealized holding (losses) gains arising during the period | (2,375) | (499) | (1,876) | 11,035 | 2,318 | 8,717 |
| Provision (reversal) of provision for credit losses | 23 | 5 | 18 | (822) | (173) | (649) |
| Less: reclassification adjustment for net gain on investment securities transactions realized in net income | (11) | (2) | (9) | — | — | — |
| Total net unrealized (losses) gains on available-for-sale investment securities | (2,363) | (496) | (1,867) | 10,213 | 2,145 | 8,068 |
| Net unrealized gains on interest rate swaps used in cash flow hedges: | ||||||
| Reclassification adjustment recorded in earnings (1) | 777 | 163 | 614 | 1,134 | 238 | 896 |
| Total net unrealized gains on interest rate swaps used in cash flow hedges | 777 | 163 | 614 | 1,134 | 238 | 896 |
| Defined benefit pension plans: | ||||||
| Amortization of net actuarial (losses) gains included in net periodic pension costs (2) | (10) | (2) | (8) | 75 | 16 | 59 |
| Total defined benefit pension plans | (10) | (2) | (8) | 75 | 16 | 59 |
| Other comprehensive (loss) income | (1,596) | (335) | (1,261) | 11,422 | 2,399 | 9,023 |
| Total comprehensive income | $60,443 | $11,659 | $48,784 | $63,995 | $12,599 | $51,396 |
(1) Represents reclassification to earnings as a reduction to interest income of amounts included in accumulated other comprehensive income on the condensed consolidated balance sheet related to the interest rate swap terminated on August 2, 2024.
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 8, "Retirement Plans and Other Postretirement Benefits" for additional details.
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