# UNIVEST FINANCIAL Corp (UVSP) Informational only - not investment advice. CIK: 0000102212 SIC: 6022 State Commercial Banks SIC breadcrumb: [Finance, Insurance, And Real Estate](/division/H/) > [Depository Institutions](/major-group/60/) > [SIC 6022 State Commercial Banks](/industry/6022/) Latest 10-K filed: 2026-02-23 SEC page: https://www.sec.gov/edgar/browse/?CIK=102212 Filing source: https://www.sec.gov/Archives/edgar/data/102212/000010221226000012/uvsp-20251231.htm ## At a glance FY2025 · period end 2025-12-31 · filed 2026-02-23 · accession 0000102212-26-000012 · source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000102212.json | Metric | Value | FY | Provenance | | --- | ---: | ---: | --- | | Revenue | 328,056,000 USD | 2025 | verified | | Net income | 90,757,000 USD | 2025 | verified | | Assets | 8,436,897,000 USD | 2025 | verified | | Free cash flow | 96,927,000 USD | 2025 | computed | | Net margin | 27.67% | 2025 | computed | | Revenue YoY | +9.64% | 2025 | computed | | ROE | 9.62% | 2025 | computed | Computed values are grepcent-computed from the verified facts above and may differ from ratios the company itself reports. Free cash flow = operating cash flow − capital expenditures. Net margin = net income ÷ revenue. Revenue YoY = FY2025 revenue ÷ FY2024 revenue − 1 (consecutive fiscal years only). ROE = net income ÷ period-end stockholders' equity. No market price, no rating, no forecast on this site. Not investment advice. ### Peer percentile fingerprint | Ratio | UVSP | Peer median | Percentile | N | | --- | ---: | ---: | ---: | ---: | | Net margin | 27.7% | 21.9% | 79 | 149 | | Revenue growth | 9.6% | 6.0% | 69 | 148 | | FCF margin | 29.5% | 23.8% | 75 | 133 | | ROE | 9.6% | 9.6% | 50 | 149 | | ROA | 1.1% | 1.1% | 51 | 149 | | Liabilities / equity | 7.94 | 8.04 | 48 | 149 | Percentile = share of the N covered peers reporting that ratio whose value is lower (ties counted half); computed among grepcent-covered companies in SIC industry 6022 State Commercial Banks, not the whole market. A higher percentile means a higher value of the ratio, not a better company. Ratios with fewer than 8 reporting peers are omitted. Latest reported values per company; fiscal periods may differ. Descriptive arithmetic - not a score, rating, or ranking. ## Selected Fundamentals | Metric | Value | Unit | FY | Filed | | --- | ---: | --- | ---: | --- | | Revenue | 328056000 | USD | 2025 | 2026-02-23 | | Net income | 90757000 | USD | 2025 | 2026-02-23 | | Assets | 8436897000 | USD | 2025 | 2026-02-23 | ## Financials Annual standardized facts from SEC companyfacts as of latest extracted filing date 2026-02-23. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000102212.json. Derived margins, ratios, and free cash flow are computed from the extracted annual SEC facts. | Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | | | | | | | 296,182,000 | 296,821,000 | 299,225,000 | 328,056,000 | | Net income | 19,505,000 | 44,094,000 | 50,543,000 | 65,719,000 | 46,916,000 | 91,801,000 | 78,120,000 | 71,104,000 | 75,931,000 | 90,757,000 | | Diluted EPS | 0.84 | 1.64 | 1.72 | 2.24 | 1.60 | 3.11 | 2.64 | 2.41 | 2.58 | 3.13 | | Operating cash flow | 33,306,000 | 68,660,000 | 86,006,000 | 73,148,000 | 51,179,000 | 102,337,000 | 109,455,000 | 89,741,000 | 75,106,000 | 101,512,000 | | Capital expenditures | 12,644,000 | 3,961,000 | 4,288,000 | 3,856,000 | 3,753,000 | 5,878,000 | 5,221,000 | 6,724,000 | 3,104,000 | 4,585,000 | | Dividends paid | 17,024,000 | 21,299,000 | 23,495,000 | 23,435,000 | 17,536,000 | 23,575,000 | 24,607,000 | 25,050,000 | 24,842,000 | 25,334,000 | | Share buybacks | 8,359,000 | 3,519,000 | 5,984,000 | 2,045,000 | 4,382,000 | 295,000 | 11,381,000 | 462,000 | 18,882,000 | 34,625,000 | | Assets | 4,230,528,000 | 4,554,862,000 | 4,984,347,000 | 5,380,924,000 | 6,336,496,000 | 7,122,421,000 | 7,222,016,000 | 7,780,628,000 | 8,128,417,000 | 8,436,897,000 | | Liabilities | 3,725,319,000 | 3,951,488,000 | 4,360,214,000 | 4,705,802,000 | 5,644,024,000 | 6,348,627,000 | 6,445,516,000 | 6,941,420,000 | 7,241,116,000 | 7,493,579,000 | | Stockholders' equity | 505,209,000 | 603,374,000 | 624,133,000 | 675,122,000 | 692,472,000 | 773,794,000 | 776,500,000 | 839,208,000 | 887,301,000 | 943,318,000 | | Free cash flow | 20,662,000 | 64,699,000 | 81,718,000 | 69,292,000 | 47,426,000 | 96,459,000 | 104,234,000 | 83,017,000 | 72,002,000 | 96,927,000 | ### Ratios ROE and ROA use period-end equity/assets. Liabilities / equity uses total liabilities divided by stockholders' equity. Current ratio uses current assets divided by current liabilities when both are reported. | Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Net margin | | | | | | | 26.38% | 23.96% | 25.38% | 27.67% | | Return on equity | 3.86% | 7.31% | 8.10% | 9.73% | 6.78% | 11.86% | 10.06% | 8.47% | 8.56% | 9.62% | | Return on assets | 0.46% | 0.97% | 1.01% | 1.22% | 0.74% | 1.29% | 1.08% | 0.91% | 0.93% | 1.08% | | Liabilities / equity | 7.37 | 6.55 | 6.99 | 6.97 | 8.15 | 8.20 | 8.30 | 8.27 | 8.16 | 7.94 | ## As-reported value updates 2 tracked differences above grepcent's stated thresholds were found between the earliest XBRL-filed value and the value currently on file for the same fiscal period. Ledger: /company/UVSP/revisions/ ## Quarterly Quarterly standardized facts from SEC companyfacts as of latest extracted filing date 2026-07-28. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000102212.json. Flow metrics use discrete quarter-length periods from 10-Q/10-Q/A filings. Q4 revenue and net income are derived only when annual FY and nine-month YTD facts exist for the same fiscal year; derived Q4 values are labeled. EPS Q4 is not derived. | Quarter | End date | Revenue | Net income | Diluted EPS | Method | | --- | --- | ---: | ---: | ---: | --- | | 2020-Q4 | 2020-12-31 | 0.00 | | | derived Q4 = FY annual - nine-month YTD | | 2021-Q1 | 2021-03-31 | 0.00 | | | reported discrete quarter | | 2021-Q2 | 2021-06-30 | 0.00 | | | reported discrete quarter | | 2021-Q3 | 2021-09-30 | 0.00 | | | reported discrete quarter | | 2021-Q4 | 2021-12-31 | 0.00 | | | derived Q4 = FY annual - nine-month YTD | | 2022-Q1 | 2022-03-31 | 0.00 | | | reported discrete quarter | | 2022-Q3 | 2022-09-30 | | | 0.71 | reported discrete quarter | | 2023-Q1 | 2023-03-31 | | | 0.71 | reported discrete quarter | | 2023-Q2 | 2023-06-30 | | | 0.57 | reported discrete quarter | | 2023-Q3 | 2023-09-30 | | 17,016,000 | 0.58 | reported discrete quarter | | 2023-Q4 | 2023-12-31 | | 16,254,000 | | derived Q4 = FY annual - nine-month YTD | | 2024-Q1 | 2024-03-31 | | 20,305,000 | 0.69 | reported discrete quarter | | 2024-Q2 | 2024-06-30 | | 18,107,000 | 0.62 | reported discrete quarter | | 2024-Q3 | 2024-09-30 | | 18,578,000 | 0.63 | reported discrete quarter | | 2024-Q4 | 2024-12-31 | | 18,941,000 | | derived Q4 = FY annual - nine-month YTD | | 2025-Q1 | 2025-03-31 | 79,196,000 | 22,395,000 | 0.77 | reported discrete quarter | | 2025-Q2 | 2025-06-30 | 81,042,000 | 19,978,000 | 0.69 | reported discrete quarter | | 2025-Q3 | 2025-09-30 | 83,247,000 | 25,639,000 | 0.89 | reported discrete quarter | | 2025-Q4 | 2025-12-31 | 84,571,000 | 22,745,000 | | derived Q4 = FY annual - nine-month YTD | | 2026-Q1 | 2026-03-31 | 87,453,000 | 27,092,000 | 0.96 | reported discrete quarter | | 2026-Q2 | 2026-06-30 | 84,354,000 | 22,953,000 | 0.82 | reported discrete quarter | ## Filed narrative (10-K & 10-Q) ## Business Verbatim Item 1 Business section from UVSP's latest 10-K: [/company/UVSP/business/](/company/UVSP/business/). ## Risk Factors Verbatim Item 1A Risk Factors from UVSP's latest 10-K: [/company/UVSP/risk-factors/](/company/UVSP/risk-factors/). ## Latest quarter (10-Q) Latest 10-Q source: https://www.sec.gov/Archives/edgar/data/102212/000010221226000037/uvsp-20260630.htm Extracted from Part I Item 2 to the first post-MD&A boundary after HTML sanitization. Published MD&A gate trimmed front/tail over-capture. Confidence: high Filing date: 2026-07-28 Report date: 2026-06-30 Item 2.     Management’s Discussion and Analysis of Financial Condition and Results of Operations (All dollar amounts presented in tables are in thousands, except per share data. “BP” equates to “basis points”; "N/M" equates to “not meaningful”; “—” equates to “zero” or “doesn’t round to a reportable number”; and “N/A” equates to “not applicable.” Certain prior period amounts have been reclassified to conform to the current-year presentation.) Forward-Looking Statements This report may contain 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. When used or incorporated by reference in disclosure documents, the words "may," "will," "could," "should," "would," "believe," "anticipate," "plan," "estimate," "expect," "project," "target," and "goal," the negative of these terms and other similar expressions are intended to identify forward-looking statements, but are not the exclusive way to identify such statements. These forward-looking statements may include but are not limited to: statements of goals, intentions and expectations; statements regarding business plans, prospects, growth and operating strategies; statements regarding the quality, growth and composition of loan, investment and deposit portfolios; statements regarding our financial performance, financial condition and liquidity; and estimates of our risks and future credit provision and noninterest 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, which are worse than expected, including 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 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, trade restrictions and any retaliatory measures impacting our borrowers and the broader economy; •The impact of a potential federal government shutdown, debt ceiling impasses or fiscal uncertainty; •Fluctuations in real estate values in our market area; •A failure to maintain adequate levels of capital and liquidity to support our operations; •The availability of capital; •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 and the effectiveness of our risk management processes and procedures; •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; •Our ability to enter new markets successfully and capitalize on growth opportunities; •Competition for loans, deposits and employees; 49 Table of Contents •Risks associated with cybersecurity threats, data breaches, ransomware attacks, or other failures in our operational or security systems and infrastructure, including the risks arising from our dependence on third-party service providers and vendors; •The failure to maintain current technologies and/or to successfully implement future information technology enhancements; •Changes in investor sentiment or consumer spending, borrowing or savings behavior; •Our ability to attract, develop 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 and other risk factors are more fully described in this report and in the Univest Financial Corporation Annual Report on Form 10-K for the year ended December 31, 2025 under the section entitled "Item 1A - Risk Factors," and from time to time in other filings made by the Corporation with the SEC. 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, unless otherwise required by law. Critical Accounting Policies In order to prepare the Corporation’s financial statements in conformity with U.S. generally accepted accounting principles, management is required to make estimates and assumptions that affect the amounts reported in the Corporation’s financial statements. There are uncertainties inherent in making these estimates and assumptions. Certain critical accounting policies could materially affect the results of operations and financial condition of the Corporation should changes in circumstances require a change in related estimates or assumptions. The Corporation has identified the fair value measurement of investment securities available-for-sale and the calculation of the allowance for credit losses on loans and leases as critical accounting policies. For more information on these critical accounting policies, please refer to the Corporation’s 2025 Annual Report on Form 10-K. General The Corporation is a Pennsylvania corporation, organized in 1973, and registered as a bank holding company pursuant to the Bank Holding Company Act of 1956. The Corporation owns all of the capital stock of Univest Bank and Trust Co. and is the sole member of 1876 Double Eagle, LLC. The condensed consolidated financial statements include the accounts of the Corporation and its wholly owned subsidiaries, the Bank and 1876 Double Eagle, LLC. The Bank is engaged in domestic banking services for individuals, businesses, municipalities and non-profit organizations. Through its wholly owned subsidiaries, the Bank provides a variety of financial services throughout its markets of operation. 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 Corporation earns revenues primarily from the margins and fees generated from lending and depository services as well as fee-based income from trust, insurance, mortgage banking, treasury management and investment services. The Corporation seeks to achieve adequate and reliable earnings through business growth while maintaining adequate levels of capital and liquidity and limiting exposure to credit and interest rate risk. 50 Table of Contents Executive Overview The Corporation’s consolidated net income, earnings per share and return on average assets and average equity were as follows: [[GREPCENT_TABLE]] [["","Three Months Ended","","","","","","Six Months Ended"],["","June 30,","","Change","","June 30,","","Change"],["(Dollars in thousands, except per share data)","2026","","2025","","Amount","","Percent","","2026","","2025","","Amount","","Percent"],["Net income","$","22,953","","","$","19,978","","","$","2,975","","","14.9","%","","$","50,045","","","$","42,373","","","$","7,672","","","18.1","%"],["Net income per share:"],["Basic","$","0.83","","","$","0.69","","","$","0.14","","","20.3","","","$","1.79","","","$","1.46","","","$","0.33","","","22.6"],["Diluted","0.82","","","0.69","","","0.13","","","18.8","","","1.78","","","1.45","","","0.33","","","22.8"],["Return on average assets","1.13","%","","1.00","%","","13 BP","","13.0","","","1.23","%","","1.07","%","","16 BP","","15.0"],["Return on average equity","9.67","%","","8.82","%","","85 BP","","9.6","","","10.62","%","","9.47","%","","115 BP","","12.1"]] [[/GREPCENT_TABLE]] The financial results for the three months ended June 30, 2026 included a pre-tax charge of $5.2 million ($4.1 million after-tax), or $0.15 diluted earnings per share, related to a valuation adjustment on an other real estate owned (OREO) property. The adjustment was recorded based on an updated appraisal which reflects the property's estimated fair value less costs to sell. The property was initially transferred to OREO during the three months ended June 30, 2022 and was listed for sale during the quarter ended June 30, 2025. The financial results for the three months ended June 30, 2026 also included tax-free bank owned life insurance (BOLI) death benefit proceeds of $708 thousand, which represented $0.03 diluted earnings per share. The financial results for the six months ended June 30, 2026 included tax-free BOLI death benefit proceeds of $1.1 million, which represented $0.04 diluted earnings per share. In addition, the financial results for the six months ended June 30, 2026 included a $427 thousand restructuring charge ($337 thousand after-tax), or $0.01 diluted earnings per share, related to the planned closure of two underutilized facilities: a financial center and a limited purpose banking office. The financial results for the six months ended June 30, 2025 included tax-free BOLI death benefit proceeds of $1.1 million, which represented $0.04 diluted earnings per share. Results of Operations Net Interest Income Net interest income is the difference between interest earned primarily on loans, leases and investment securities and interest paid on deposits, borrowings, long-term debt and subordinated notes. Net interest income is the principal source o [Excerpt truncated for page length; source filing is linked above.] ## Latest 10-K MD&A (excerpt) Latest 10-K Item 7 source: https://www.sec.gov/Archives/edgar/data/102212/000010221226000012/uvsp-20251231.htm Complete FY 2025 MD&A: /company/UVSP/mda/fy2025/ Extracted structurally from real Item 7 body heading to real Item 7A/8 boundary. Published MD&A gate trimmed front/tail over-capture. Confidence: high Filing date: 2026-02-23 Report date: 2025-12-31 Item 7.     Management's Discussion and Analysis of Financial Condition and Results of Operations (All dollar amounts presented in tables are in thousands, except per share data. "BP" equates to "basis points"; "N/M" equates to "not meaningful"; "—" equates to "zero" or "doesn't round to a reportable number"; and "N/A" equates to "not applicable." Certain prior period amounts have been reclassified to conform to the current-year presentation.) The information contained in this report may contain forward-looking statements, including statements relating to the Corporation and its financial condition and results of operations that involve certain risks, uncertainties and assumptions. The Corporation's actual results may differ materially from those anticipated, expected or projected as discussed in forward-looking statements. A discussion of forward-looking statements and factors that might cause such a difference includes those discussed in Part I, "Forward-Looking Statements," Item 1A. "Risk Factors," as well as those within this Management's Discussion and Analysis ("MD&A") of Financial Condition and Results of Operations and elsewhere in this report. Critical Accounting Policies The discussion below outlines the Corporation's critical accounting policies. For further information regarding accounting policies, refer to Note 1, "Summary of Significant Accounting Policies" included in the Notes to the Consolidated Financial Statements under Item 8 of this Form 10-K. In order to prepare the Corporation's financial statements in conformity with U.S. generally accepted accounting principles, management is required to make estimates and assumptions that affect the amounts reported in the Corporation's financial statements. There are uncertainties inherent in making these estimates and assumptions. Certain critical accounting policies could materially affect the results of operations and financial condition of the Corporation should changes in circumstances require a change in related estimates or assumptions. The Corporation has identified the fair value measurement of investment securities available-for-sale and the calculation of the allowance for credit losses on loans and leases as critical accounting policies. Fair Value Measurement of Investment Securities Available-for-Sale: The Corporation designates its investment securities as held-to-maturity, available-for-sale or trading. Each of these designations affords different treatment on the balance sheet and statement of income for market value changes affecting securities. Should evidence emerge that indicates that management's intent or ability to manage the securities as originally asserted is not supportable, securities with the held-to-maturity or available-for-sale designations may be re-categorized, which may result in adjustments to either the balance sheet or statement of income. Fair values for securities are determined using independent pricing services and market-participating brokers. The independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information for structured securities, cash flows and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, the pricing service's evaluated pricing applications apply information as applicable through processes, such as benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. If at any time, the pricing service determines that it does not have sufficient verifiable information to value a particular security, the Corporation will utilize valuations from another pricing service. Management has a sufficient understanding of the third-party service's valuation models, assumptions and inputs used in determining the fair value of securities to enable management to maintain an appropriate system of internal control. Allowance for Credit Losses on Loan and Leases: The Allowance for Credit Losses ("ACL") on loans and leases uses techniques that estimate losses on pools of loans and leases that share similar risk characteristics and specifically identify losses on individual loans and leases that do not share similar risk characteristics with others. The adequacy of these allowances is sensitive to changes in current and forecasted economic conditions that may affect the ability of borrowers to make contractual payments as well as the value of the collateral securing such payments. Management utilizes a discounted cash flow ("DCF") model to calculate the present value of the expected cash flows for pools of loans and leases that share similar risk characteristics and compares the results of this calculation to the amortized cost basis to determine its allowance for credit loss balance. The key assumptions used in the model are (1) probability of default, (2) loss given default, (3) prepayment and curtailment rates, (4) recovery delay (5) reasonable and supportable economic forecasts, (6) forecast reversion period, (7) expected recoveries on charged-off loans, and (8) discount rate. Although management believes it uses the best information available to establish the ACL, future adjustments to the ACL may be necessary and the Corporation’s results of operations could be adversely affected if circumstances differ substantially from the assumptions used in making the determinations. While management believes it has established the ACL in conformity with U.S. GAAP, our regulators, in reviewing the loan portfolio, may request us to increase our ACL based on judgments different from ours. In addition, because future events affecting 30 Table of Contents borrowers and collateral cannot be predicted without uncertainty, the existing ACL may not be adequate or increases may be necessary should the quality of any loans or leases deteriorate or if there are changes to the assumptions noted above. Any material increase in the ACL would adversely affect the Corporation’s financial condition and results of operations. The following table indicates the economic factors utilized in the Corporation's CECL model. Economic Factors [[GREPCENT_TABLE]] [["","At December 31, 2025","","At December 31, 2024","","Description of Economic Factors"],["Prepayment rates","11.27","%","","11.58","%","","Average total portfolio rate"],["Curtailment rates","27.93","%","","28.21","%","","Average total portfolio rate"],["Recovery delay","30 months","","31 months","","Average across all pools"],["Economic forecast","Moody's downside S2 weighted 42.5%, Baseline weighted 57.5%","","Moody's downside S2 weighted 60%, Baseline weighted 40%","","Moody's US Macro Forecast Narratives for December 2025 & 2024"],["Unemployment rates","5.48","%","","5.42","%","","Average of 4 quarter forecast period"],["GDP rates","1.21","%","","1.12","%","","Average of 4 quarter forecast period"],["House price index","(1.90)","%","","(1.62)","%","","Average of 4 quarter forecast period"]] [[/GREPCENT_TABLE]] Sensitivity Analysis The below table indicates the impact to the allowance for credit losses on loans and leases if the factors described below were adjusted in the Corporation's CECL model. [[GREPCENT_TABLE]] [["","","","Increase (Decrease) ($)","","Adjustment Factor"],["Prepayment rates","","","+/- 2,000","","If rates were adjusted across all pools by +/-100 basis points"],["Curtailment rates","","","+/- 460","","If rates were adjusted across all pools by +/- 100 basis points"],["Recovery delay","","","+/- 3,600","","If recovery delays were adjusted by +/- 3 months across all pools"],["Economic forecast","","","(19,000)","","If Baseline forecasts were used instead of the weighted Downside/Baseline scenarios"],["Economic forecast","","","28,100","","If S2 Downside forecasts were used instead of the weighted Downside/Baseline scenarios"],["Economic forecast","","","52,000","","If S3 Downside forecasts were used instead of the weighted Downside/Baseline scenarios"],["Unemployment rates","","","20,900","","If rates were increased across all pools by 100 basis points"],["Unemployment rates","","","(18,600)","","If rates were decreased across all pools by 100 basis points"],["GDP rates","","","+/- 2,200","","If the GDP forecast inputs were adjusted by +/- 100 basis points"],["House price index","","","+/- 50","","If the HPI forecast inputs were adjusted by +/- 100 basis points"],["Reversion period","","","650","","If the reversion period was increased by 2 quarters across all pools"],["Reversion period","","","(775)","","If the reversion period was decreased by 2 quarters across all pools"]] [[/GREPCENT_TABLE]] Readers of the Corporation’s financial statements should be aware that the estimates and assumptions used in the Corporation’s current financial statements may need to be updated in future financial presentations for changes in circumstances, business or economic conditions in order to fairly represent the condition of the Corporation at that time. General The Corporation earns revenues primarily from the margins and fees generated from lending and depository services as well as fee-based income from trust, insurance, mortgage banking, treasury management and investment services. The Corporation seeks to achieve adequate and reliable earnings through business growth while maintaining adequate levels of capital and liquidity and limiting exposure to credit and interest rate risk. 31 Table of Contents Selected Financial Data [Excerpt truncated for page length; the complete text is on the linked full-MD&A page.] Read the full FY 2025 MD&A: /company/UVSP/mda/fy2025/ All MD&A years: /company/UVSP/mda/ ## MD&A history Prior-year 10-K MD&A spans are extracted from SEC filings with the same bounded parser used for the latest filing. Each year's full verbatim text is on its own sub-page. - [FY 2024 MD&A](/company/UVSP/mda/fy2024/): filed 2025-02-24; accession 0000102212-25-000006 (https://www.sec.gov/Archives/edgar/data/102212/000010221225000006/uvsp-20241231.htm) - [FY 2023 MD&A](/company/UVSP/mda/fy2023/): filed 2024-02-26; accession 0000102212-24-000010 (https://www.sec.gov/Archives/edgar/data/102212/000010221224000010/uvsp-20231231.htm) - [FY 2022 MD&A](/company/UVSP/mda/fy2022/): filed 2023-02-24; accession 0000102212-23-000016 (https://www.sec.gov/Archives/edgar/data/102212/000010221223000016/uvsp-20221231.htm) - [FY 2021 MD&A](/company/UVSP/mda/fy2021/): filed 2022-02-25; accession 0000102212-22-000009 (https://www.sec.gov/Archives/edgar/data/102212/000010221222000009/uvsp-20211231.htm) ## Macro cross-references Indicators mapped to this company's SIC classification (industry 6022 State Commercial Banks) by grepcent's deterministic macro-sector crosswalk. A navigational mapping, not a statistical or causal claim. - [FEDFUNDS](/indicator/FEDFUNDS/): Federal Funds Effective Rate - [DFEDTARU](/indicator/DFEDTARU/): Federal Funds Target Range - Upper Limit - [DGS2](/indicator/DGS2/): Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity - [DGS10](/indicator/DGS10/): Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity - [T10Y2Y](/indicator/T10Y2Y/): 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity Macro-to-micro threads including this sector: [Interest rates & the Fed](/thread/interest-rates-fed/), [Money & trade](/thread/money-trade/), [Consumer & credit](/thread/consumer-credit/), [Government finances](/thread/government-finances/), [Sector employment](/thread/sector-employment/). All macro indicators: /indicators/ ## For LLMs & downloads Markdown twin: /company/UVSP.md · JSON record: /company/UVSP.json · verified financials: /company/UVSP/financials.json / /company/UVSP/financials.csv · machine TOC for the whole site: /llms.txt