Financial Analysis

Commitments and Contingencies Lending Operations Commitments to extend credit, performance letters of credit, standby letters of credit, and other letters of credit are financial instruments issued by the Corporation to accommodate the financial needs of our customers. The Corporation uses the same credit policies in issuing these financial instruments as it does for on-balance sheet financial instruments, including obtaining collateral when management's credit assessment of the customer deems it necessary. These financial instruments generally have fixed expiration dates and historically most of these financial instruments expire without being drawn upon. The Corporation maintains a reserve for off-balance sheet credit exposures that are currently unfunded. Commitments to extend credit are agreements to lend to a customer if there is no violation of any condition established in the contract. The Corporation's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. Performance letters of credit and standby letters of credit commit the Bank to make payments on behalf of customers when certain specified future events occur. The Corporation's exposure to credit loss is essentially the same as the risk involved in extending loans to customers. At December 31, 2025, the maximum potential amount of future payments under letters of credit was …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"Borrowings The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less. Balance at End of Year Weighted Average Interest Rate Maximum Amount Outstanding at Month End During the Year Average Amount Outstanding During the Year Weighted Average Interest Rate During the Year (Dollars in thousands) 2025 Short-term borrowings: Federal funds purchased $ % $ $ 291 4.57 % Customer repurchase agreements 24,411 0.05 24,411 10,821 0.05 Long-term debt: FHLB advances $ 200,000 4.20 % $ 200,000 $ 204,452 4.29 % Subordinated notes 98,867 6.98 149,581 139,584 6.79 2024 Short-term borrowings: FHLB borrowings $ % $ 16,000 $ 201 5.79 % Federal funds purchased 60,000 4,126 5.63 Customer repurchase agreements 11,181 0.05 14,101 9,376 0.05 Long-term debt: FHLB advances $ 225,000 4.35 % $ 310,000 $ 253,730 4.31 % Security repurchase agreements 3 Subordinated notes 149,261 6.08 149,261 149,007 6.12 The Corporation, through the Bank, has a credit facility with the FHLB that had a maximum borrowing capacity of approximately $3.4 billion and $3.3 billion at December 31, 2025 and 2024, respectively. All borrowings and letters of credit from the FHLB are secured by qualifying commercial real estate and residential mortgage loans, investments and other assets. At December 31, 2025 and 2024, the Bank had outstanding short-term letters of credit with the FHLB totaling $1.4 billion and $1.3 billion, …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

"Stock-Based Incentive Plan On April 26, 2023, the 2023 Equity Incentive Plan (the ""Plan"") was approved by shareholders. This Plan replaced the Amended and Restated Univest 2013 Long-Term Incentive Plan (the ""2013 Plan""), which expired in April 2023. No new grants are permitted under the 2013 Plan. However, certain options and restricted stock units granted under the 2013 Plan remain outstanding. Under the Plan, the Corporation may grant up to 1,200,000 options and restricted stock awards and units to employees and non-employee directors, subject to adjustment, as described in the Plan. The Plan provides for the issuance of options to purchase common shares at prices not less than 100 percent of the fair market value on the date of option grant and have a contractual term of ten years. There were 743,651 shares available for future grants at December 31, 2025 under the Plan. At December 31, 2025, there were 74,268 options to purchase common stock and 521,838 nonvested restricted stock units outstanding under the Plan and the 2013 Plan. The following is a summary of the Corporation's stock option activity and related information for the year ended December 31, 2025: (Dollars in thousands, except per share data) Shares Under Option Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value at December 31, 2025 Outstanding at December 31, 2024 127,782 $ 27.72 Exercised (53,514) 27.06 Outstanding at December 31, 202 …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"Fair Value Disclosures Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The Corporation determines the fair value of financial instruments based on the fair value hierarchy. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Corporation. Unobservable inputs are inputs that reflect the Corporation's assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances, including assumptions about risk. Three levels of inputs are used to measure fair value. A financial instrument's level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement. Transfers between levels are recognized at the end of the reporting periods. Level 1: Valuations are based on quoted prices in active markets for identical assets or liabilities that the Corporation can access at the measurement date. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment. Level 2: Valuati …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets The Corporation has goodwill from acquisitions which is deemed to be an indefinite intangible asset and is not amortized. In accordance with ASC Topic 350, goodwill is tested at least annually for impairment at the reporting unit level. The Corporation performs an annual test of goodwill for impairment during the fourth quarter of each year. The Corporation concluded there was no impairment of goodwill during 2023 through 2025. Changes in the carrying amount of the Corporation's goodwill by business segment for the years ended December 31, 2025 and 2024 were as follows: (Dollars in thousands) Banking Wealth Management Insurance Consolidated Balance at December 31, 2023 $ 138,476 $ 15,434 $ 21,600 $ 175,510 Addition to goodwill from acquisitions Balance at December 31, 2024 138,476 15,434 21,600 175,510 Addition to goodwill from acquisitions Balance at December 31, 2025 $ 138,476 $ 15,434 $ 21,600 $ 175,510 The Corporation also has core deposit and customer-related intangibles, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The Corporation also performs an annual test of core deposit and customer-related intangibles for impairment during the fourth quarter of each year. The Corporation concluded there was no impairment of core deposit and customer-related intangibles during 2023 through 2025. The amortization of core deposit …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

"Income Taxes Income taxes paid to federal and state jurisdictions consisted of the following: For the Years Ended December 31, (Dollars in thousands) 2025 2024 2023 Federal $ 19,200 $ 17,975 $ 19,300 Foreign State 1,934 2,699 1,740 Total $ 21,134 $ 20,674 $ 21,040 State income taxes paid, net of refunds, exceeded 5 percent of total income taxes paid, net of refunds, in the following jurisdiction: For the Years Ended December 31, (Dollars in thousands) 2025 2024 2023 State: New Jersey $ 1,410 $ 1,929 * *Jurisdiction below the threshold for the period presented. The components of pre-tax income are related to domestic activities. The Corporation did not have any foreign operations. The provision income taxes from continuing operations included in the accompanying consolidated statements of income consists of the following: For the Years Ended December 31, (Dollars in thousands) 2025 2024 2023 Current: Federal $ 20,002 $ 18,535 $ 16,775 State 2,083 2,105 1,520 Total current expense $ 22,085 $ 20,640 $ 18,295 Deferred: Federal 465 (1,048) (609) State 43 (223) (101) Total deferred expense $ 508 $ (1,271) $ (710) Total income tax expense from continuing operations $ 22,593 $ 19,369 $ 17,585 The Corporation did not have any income tax expense (benefit) in foreign jurisdictions for the years ended December 31, 2025, 2024 or 2023. The provision for income taxes differs from the expected statutory provision as follows: For the Years Ended December 31, (Dollars in thousands) 2025 2024 …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases The following table provides information with respect to the Corporation's operating leases: For the Years Ended December 31, (Dollars in thousands) 2025 2024 Operating lease cost $ 4,124 $ 4,179 Short-term lease cost 18 17 Total lease cost $ 4,142 $ 4,196 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from leases $ 4,342 $ 4,262 At December 31, 2025 At December 31, 2024 Weighted-average remaining lease term in years 10.5 10.8 Weighted-average discount rate 3.96 % 3.97 % At December 31, 2025, maturities of lease liabilities are as follows: Year (Dollars in thousands) Amount 2026 $ 4,394 2027 4,181 2028 3,809 2029 3,465 2030 3,184 Thereafter 16,157 Total lease payments 35,190 Less: imputed interest (6,659) Present value of lease liabilities $ 28,531

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"Accounting Pronouncements Adopted in 2025 In December 2023, the Financial Accounts Standards Board (the ""FASB"") issued ASU No. 2023-09, "" Income Taxes (Topic 740): Improvements to Income Tax Disclosures"" . This ASU enhances annual income tax disclosures to address investor requests for more transparency about income tax information through improvements to income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. This ASU also includes certain other amendments to improve the effectiveness of income tax disclosures. This ASU became effective on December 15, 2025 for the Corporation. The adoption of this ASU resulted in updated disclosures within our financial statements but otherwise did not have a material impact on the Corporation's financial statements. Recent Accounting Pronouncements Yet to Be Adopted In October 2023, the FASB issued ASU No. 2023-06, ""Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative "". This ASU amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. The amendments in this ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC's existing disclosures with those entities that were not previously subject to the requirements, and align the requi …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"Retirement Plans and Other Postretirement Benefits Information with respect to the Retirement Plans and Other Postretirement Benefits follows: Retirement Plans Other Postretirement Benefits (Dollars in thousands) 2025 2024 2025 2024 Change in benefit obligation: Benefit obligation at beginning of year $ 44,770 $ 48,777 $ 1,986 $ 2,209 Service cost 548 565 43 56 Interest cost 2,415 2,383 107 108 Actuarial gain (loss) 799 (2,225) 72 (301) Benefits paid (2,854) (4,730) (108) (86) Benefit obligation at end of year $ 45,678 $ 44,770 $ 2,100 $ 1,986 Change in plan assets: Fair value of plan assets at beginning of year $ 56,777 $ 54,348 $ $ Actual return on plan assets 8,287 7,002 Benefits paid (2,854) (4,730) (108) (86) Employer contribution and non-qualified benefit payments 157 157 108 86 Fair value of plan assets at end of year $ 62,367 $ 56,777 $ $ Funded status 16,689 12,007 (2,100) (1,986) Unrecognized net actuarial loss (gain) 5,108 9,265 (827) (1,015) Net amount recognized $ 21,797 $ 21,272 $ (2,927) $ (3,001) The net actuarial loss (gain) for December 31, 2025 and 2024 was the result of changes in the discount rate, interest crediting rate, cash balance conversion rate and driven by a higher than assumed mortality rate. Components of net periodic benefit (income) cost were as follows: Retirement Plans Other Postretirement Benefits (Dollars in thousands) 2025 2024 2023 2025 2024 2023 Service cost $ 548 $ 565 $ 532 $ 43 $ 56 $ 76 Interest cost 2,415 2,383 2,365 107 108 129 …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Related Party Transactions In the ordinary course of business, the Corporation has made loans and commitments to extend credit to certain directors and executive officers of the Corporation and companies in which directors have an interest (""Related Parties""). These loans and commitments have been made on substantially the same terms, including interest rates and collateral requirements, as those prevailing at the same time for comparable transactions with customers not related to the lender and did not involve more than the normal risk of collectability or present other unfavorable terms. The following table provides a summary of activity for loans to Related Parties during the year ended December 31, 2025: (Dollars in thousands) Balance at January 1, 2025 $ 35 Amounts collected and other reductions (35) Balance at December 31, 2025 $ The following table provides additional information regarding transactions with Related Parties: (Dollars in thousands) At December 31, 2025 Commitments to extend credit $ 1,630 Deposits received 573"

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"Revenue from Contracts with Customers The following tables disaggregate the Corporation's revenue by major source and reportable segment for the years ended December 31, 2025, 2024 and 2023. (Dollars in thousands) Banking Wealth Management Insurance Other Consolidated For the Year Ended December 31, 2025 Net interest income (1) $ 249,488 $ 62 $ $ (9,355) $ 240,195 Noninterest income: Trust fee income 8,853 8,853 Service charges on deposit accounts 8,991 8,991 Investment advisory commission and fee income 22,799 22,799 Insurance commission and fee income 22,443 22,443 Other service fee income (2) 10,635 262 41 10,938 Bank owned life insurance income (1) 5,723 126 5,849 Net gain on mortgage banking activities (1) 3,362 3,362 Other income (2) 4,606 6 14 4,626 Total noninterest income $ 33,317 $ 31,920 $ 22,484 $ 140 $ 87,861 (Dollars in thousands) Banking Wealth Management Insurance Other Consolidated For the Year Ended December 31, 2024 Net interest income (1) $ 220,204 $ 73 $ $ (9,107) $ 211,170 Noninterest income: Trust fee income 8,491 8,491 Service charges on deposit accounts 8,082 8,082 Investment advisory commission and fee income 21,208 21,208 Insurance commission and fee income 22,349 22,349 Other service fee income (2) 14,415 210 122 14,747 Bank owned life insurance income (1) 3,739 122 3,861 Net gain on sales of investment securities (1) 18 18 Net gain on mortgage banking activities (1) 5,265 5,265 Other income (2) 3,961 73 4,034 Total noninterest income $ 35,480 $ 2 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"Segment Reporting At December 31, 2025, the Corporation had three reportable business segments, Banking, Wealth Management and Insurance, which were determined by the Chief Executive Officer (""CEO""), who is the designated Chief Operating Decision Maker (""CODM"") of the Corporation. The CEO determines the segments based primarily upon product and service offerings, through the types of income generated and the regulatory environment. The CEO is responsible for allocating resources and assessing the performance of the Corporation based on each reportable business segment, and regularly receives information from the reportable segment managers. These segments represent how the Corporation strategically operates and has positioned itself in the marketplace. The parent holding company and intercompany eliminations are included in the ""Other"" segment. The accounting policies of the reportable segments are the same as those described in Note 1. Summary of Significant Accounting Policies. Each segment generates revenue from a variety of products and services it provides. Examples of products and services provided for each reportable segment are indicated as follows: The Banking segment provides financial services to individuals, businesses, municipalities and non-profit organizations. These services include a full range of banking services such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing. The …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Summary of Significant Accounting Policies Organization Univest Financial Corporation (the ""Corporation"") through its wholly-owned subsidiary, Univest Bank and Trust Co. (the ""Bank""), is engaged in domestic banking services for individuals, businesses, municipalities and non-profit organizations. The Bank is the parent company of Girard Investment Services, LLC, a full-service registered introducing broker-dealer and a licensed insurance agency, Girard Advisory Services, LLC, a registered investment advisory firm, and Girard Pension Services, LLC, a registered investment advisor, which provides investment consulting and management services to municipal entities. The Bank is also the parent company of Univest Insurance, LLC, an independent insurance agency, and Univest Capital, Inc., an equipment financing business. The Bank's subsidiaries enhance the traditional banking services provided by the Bank. Additionally, 1876 Double Eagle, LLC is a subsidiary of the Corporation. The Bank serves 19 counties in the Southeastern, Central and Western regions of Pennsylvania, three counties in New Jersey and five counties in Maryland. Additionally, the Bank provides banking services to the residents and employees of 10 retirement communities. Principles of Consolidation The consolidated financial statements include the accounts of the Corporation and its wholly-owned subsidiaries, including the Bank as the Corporation's primary subsidiary. All significant intercompany balances and t …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Borrowings The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less. At June 30, 2026 At December 31, 2025 (Dollars in thousands) Balance at End of Period Weighted Average Interest Rate at End of Period Balance at End of Period Weighted Average Interest Rate at End of Period Short-term borrowings: Customer repurchase agreements $ 18,826 0.05 % $ 24,411 0.05 % Long-term debt: FHLB advances $ 125,000 4.00 % $ 200,000 4.20 % Subordinated notes 98,994 6.99 98,867 6.98 The Corporation, through the Bank, has a credit facility with the Federal Home Loan Bank (the FHLB) that had a maximum borrowing capacity of approximately $3.2 billion and $3.4 billion at June 30, 2026 and December 31, 2025, respectively. All borrowings and letters of credit from the FHLB are secured by qualifying commercial real estate and residential mortgage loans, investments and other assets. The Bank had outstanding short-term letters of credit with the FHLB totaling $1.1 billion and $1.4 billion at June 30, 2026 and December 31, 2025, respectively, which were utilized to collateralize public funds deposits and other secured deposits. The maximum borrowing capacity with the FHLB changes as a function of the Banks qualifying collateral assets as well as the FHLBs internal credit rating of the Bank. The available borrowing capacity from the FHLB totaled $2.0 billion and $1.9 billion at June 30, 2026 a …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Stock-Based Incentive Plan On April 26, 2023, the 2023 Equity Incentive Plan (the Plan) was approved by shareholders. This Plan replaced the Amended and Restated Univest 2013 Long-Term Incentive Plan (the 2013 Plan), which expired in April 2023. No new grants are permitted under the 2013 Plan. However, certain options and restricted stock units granted under the 2013 Plan remain outstanding. The following is a summary of the Corporation's stock option activity and related information for the six months ended June 30, 2026: (Dollars in thousands, except per share data) Shares Under Option Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value at June 30, 2026 Outstanding at December 31, 2025 74,268 $ 28.20 Forfeited (3,000) 28.22 Exercised (54,755) 28.14 Outstanding at June 30, 2026 16,513 $ 28.36 1.3 $ 254 Exercisable at June 30, 2026 16,513 $ 28.36 1.3 $ 254 The Corporation did not grant any stock options during the six months ended June 30, 2026 or June 30, 2025. The following is a summary of nonvested restricted stock units at June 30, 2026, including changes during the six months then ended: (Dollars in thousands, except per share data) Nonvested Stock Units Weighted Average Grant Date Fair Value Nonvested stock units at December 31, 2025 521,838 $ 24.03 Granted 184,909 32.75 Canceled by performance factor (18,382) 24.88 Vested (176,650) 23.94 Forfeited (7,818) 25.21 Nonvested stock units at June 30, 2026 50 …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"Fair Value Disclosures Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The Corporation determines the fair value of financial instruments based on the fair value hierarchy. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Corporation. Unobservable inputs are inputs that reflect the Corporations assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances, including assumptions about risk. Three levels of inputs are used to measure fair value. A financial instruments level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement. Transfers between levels are recognized at the end of the reporting periods. Level 1: Valuations are based on quoted prices in active markets for identical assets or liabilities that the Corporation can access at the measurement date. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment. Level 2: Valuation …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets The Corporation has goodwill from acquisitions which is deemed to be an indefinite intangible asset and is not amortized. Changes in the carrying amount of the Corporation's goodwill by business segment for the six months ended June 30, 2026 were as follows: (Dollars in thousands) Banking Wealth Management Insurance Consolidated Balance at December 31, 2025 $ 138,476 $ 15,434 $ 21,600 $ 175,510 Addition to goodwill from acquisitions Balance at June 30, 2026 $ 138,476 $ 15,434 $ 21,600 $ 175,510 The Corporation also has customer-related intangibles, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The following table reflects the components of intangible assets at the dates indicated: At June 30, 2026 At December 31, 2025 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization (1) Net Carrying Amount Gross Carrying Amount Accumulated Amortization (1) Net Carrying Amount Amortized intangible assets: Core deposit intangibles $ 5,268 $ 5,268 $ $ 5,268 $ 5,220 $ 48 Customer related intangibles 2,476 1,811 665 2,476 1,674 802 Servicing rights 13,762 6,577 7,185 12,985 6,507 6,478 Total amortized intangible assets $ 21,506 $ 13,656 $ 7,850 $ 20,729 $ 13,401 $ 7,328 (1) Included within accumulated amortization is a valuation allowance of $21 thousand and $307 thousand on servicing rights at June 30, 2026 and December 31, …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Contingencies The Corporation is periodically subject to various pending and threatened legal actions, which involve claims for monetary relief. Based upon information presently available to the Corporation, it is the Corporation's opinion that any legal and financial responsibility arising from such claims will not have a material adverse effect on the Corporation's results of operations, financial position or cash flows.

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"Accounting Pronouncement Adopted in 2026 In November 2024, the FASB issued ASU No. 2024-04, ""DebtDebt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments."" This ASU clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. This ASU became effective on January 1, 2026 for the Corporation. The adoption of this ASU did not have a material impact on the Corporation's financial statements. In July 2025, the FASB issued ASU 2025-05, "" Financial InstrumentsCredit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. "" This ASU amends ASC 326-20 to provide a practical expedient (for all entities) and an accounting policy election (for all entities, other than public business entities that elect the practical expedient) related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606, ""Revenue from Contracts with Customers."" This ASU became effective on January 1, 2026 for the Corporation. The adoption of this ASU did not have a material impact on the Corporation's financial statements. Recent Accounting Pronouncements Yet to Be Adopted In October 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-06, ""Disclosure Improvements: Codificatio …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Retirement Plans and Other Postretirement Benefits Information with respect to the Retirement Plans and Other Postretirement Benefits follows: Three Months Ended June 30, 2026 2025 2026 2025 (Dollars in thousands) Retirement Plans Other Postretirement Benefits Service cost $ 153 $ 142 $ 10 $ 11 Interest cost 610 604 27 27 Expected loss on plan assets (1,006) (899) Amortization of net actuarial loss (gain) 17 61 (22) (38) Net periodic (income) benefit cost $ (226) $ (92) $ 15 $ Six Months Ended June 30, 2026 2025 2026 2025 (Dollars in thousands) Retirement Plans Other Postretirement Benefits Service cost $ 294 $ 274 $ 20 $ 22 Interest cost 1,210 1,208 55 54 Expected loss on plan assets (1,990) (1,790) Amortization of net actuarial loss (gain) 35 124 (45) (49) Net periodic (income) benefit cost $ (451) $ (184) $ 30 $ 27 The components of net periodic benefit cost, other than the service cost component, are included in other noninterest expense in the condensed consolidated statements of income. The Corporation expects to make contributions of $155 thousand to the Retirement Plans and $120 thousand to Other Postretirement Benefit Plans in 2026. During the six months ended June 30, 2026, the Corporation contributed $78 thousand to its Retirement Benefit Plans and $58 thousand to its Other Postretirement Benefit Plans. During the six months ended June 30, 2026, $1.5 million was paid to participants from the Retirement Plans and $58 thousand was paid to participants from the Other …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Segment Reporting At June 30, 2026, the Corporation had three reportable business segments, Banking, Wealth Management and Insurance. The parent holding company and intercompany eliminations are included in the ""Other"" segment. Each segment generates revenue from a variety of products and services it provides. Examples of products and services provided for each reportable segment are indicated as follows: The Banking segment provides financial services to individuals, businesses, municipalities and non-profit organizations. These services include a full range of banking products and services such as deposits, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing. The Wealth Management segment offers investment advisory, financial planning and trust and brokerage services. The Wealth Management segment serves a diverse client base of private families and individuals, municipal pension plans, retirement plans, trusts and guardianships. The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, employee benefit solutions, personal insurance lines and human resources consulting. The following tables provide reportable segment-specific information, as well as the Other Segment, and reconciliations to the condensed consolidated financial information for the three and six months ended June 30, 2026 and 2025. Three Months Ended June 30, 2026 (Dollars in thous …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Univest Financial Corporation (the Corporation) and its wholly owned subsidiaries. The Corporations direct subsidiaries are Univest Bank and Trust Co. (the Bank) and 1876 Double Eagle, LLC. All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to the rules and regulations for interim financial information. The accompanying unaudited condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current period presentation. Operating results for the three- and six-month periods ended June 30, 2026 are not necessarily indicative of the results that may be expected for the year ended December 31, 2026 or for any ot …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing