Univest Financial Corporation (NASDAQ:UVSP) Q3 2021 Earnings Conference Call October 28, 2021 9:00 AM ET Company Participants Jeffrey Schweitzer - President and Chief Executive Officer Brian Richardson - Senior Executive Vice President and Chief Financial Officer Michael Keim - President, Univest Bank and Trust Co. Conference Call Participants Timothy Switzer - Keefe, Bruyette, & Woods Matthew Breese - Stephens Inc. Operator Good morning, and welcome to the Univest Financial Corporation’s Third Quarter 2021 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission File Number: 0-7617 UNIVEST FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) (State or o ...

Univest Financial Corporation (NASDAQ:UVSP) Q2 2021 Earnings Conference Call July 29, 2021 9:00 AM ET Company Participants Jeffrey Schweitzer - President and Chief Executive Officer Brian Richardson - Senior Executive Vice President and Chief Financial Officer Mike Keim - President, Univest Bank and Trust Co. Conference Call Participants Frank Schiraldi - Sandler O'Neill & Partners Tim Switzer - KBW Matthew Breese - Piper Jaffray Operator Good morning and welcome to the Univest Financial Corporation Seco ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission File Number: 0-7617 UNIVEST FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Pennsylvan ...

Univest Financial Corporation (NASDAQ:UVSP) Q1 2021 Earnings Conference Call April 29, 2021 9:00 AM ET Company Participants Jeffrey Schweitzer - President & CEO Brian Richardson - EVP and CFO Michael Keim - President of Univest Bank & Trust Conference Call Participants Andrew DeFranco - KBW Matthew Breese - Stephens Incorporated Frank Schiraldi - Piper Sandler Operator Good morning and welcome to the Univest Financial Corporation First Quarter 2021 Earnings Call. All participants will be in listen-only mode ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Commission File number 0-7617 UNIVEST FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) Pennsylvania 23-1886144 14 North Main Street, Souderton, Pennsylvania 1 ...

Univest Financial Corporation (NASDAQ:UVSP) Q4 2020 Earnings Conference Call January 28, 2021 9:00 AM ET Company Participants Jeffrey M. Schweitzer - President & CEO Brian J. Richardson - EVP and CFO Michael S. Keim - President of Univest Bank & Trust Conference Call Participants Michael Perito - KBW Frank Schiraldi - Piper Sandler Matthew Breese - Stephens Incorporated Operator Good day and welcome to the Univest Financial Corporation Fourth Quarter and Year-End 2020 Earnings Conference Call. All participa ...

Financial Performance - The Corporation reported net income of $18.1 million for the three months ended September 30, 2020, a 2.6% increase from $17.7 million in the same period of 2019[210] - For the nine months ended September 30, 2020, net income was $21.0 million, a significant decrease of 58.1% compared to $50.2 million for the same period in 2019[210] - The Corporation's diluted earnings per share for the three months ended September 30, 2020, was $0.62, compared to $0.60 for the same period in 2019, reflecting a 3.3% increase[210] - Noninterest income for the three months ended September 30, 2020 was $21.8 million, an increase of $5.2 million, or 31.4%, from the three months ended September 30, 2019[227] - Total noninterest income for the nine months ended September 30, 2020 was $58.2 million, an increase of $8.9 million, or 18.1%, from the nine months ended September 30, 2019[227] Interest Income and Expenses - Net interest income on a tax-equivalent basis for the three months ended September 30, 2020, was $44.5 million, reflecting a 2.7% increase from $43.3 million in the same period of 2019[215] - Interest income for the three months ended September 30, 2020 was $51.2 million, a decrease of $3.7 million, or 6.8%, from the same period in the prior year[222] - Interest expense for the three months ended September 30, 2020 was $6.8 million, a decrease of $4.9 million, or 42.0%, from the same period in 2019[223] Credit Losses and Provisions - The provision for credit losses for the three months ended September 30, 2020, was $3.9 million, with $5.6 million related to loans and leases[212] - The allowance for credit losses on loans and leases increased by $12.9 million upon the adoption of CECL effective January 1, 2020[211] - The Corporation recorded CECL-related charges of $49.5 million for the nine months ended September 30, 2020, primarily due to changes in economic assumptions driven by COVID-19[212] - Provision for credit losses for the three months ended September 30, 2020 was $3.9 million compared to $1.5 million for the same period in the prior year[224] - Net loan and lease charge-offs for the nine months ended September 30, 2020 were $4.0 million compared to $2.0 million for the same period in the prior year[224] Assets and Liabilities - Total assets increased to $6,265,605 thousand in Q3 2020, up from $5,317,867 thousand in Q3 2019, representing a growth of 17.8%[218] - Total liabilities rose to $5,603,658 thousand in Q3 2020, compared to $4,658,344 thousand in Q3 2019, an increase of 20.3%[218] - Total deposits increased by $851.5 million, or 19.5%, from December 31, 2019, primarily due to increases in commercial and consumer deposits[255] - Total borrowings rose by $152.5 million, or 57.9%, from December 31, 2019, with long-term borrowings increasing by $54.9 million[256] Loan and Lease Growth - The Corporation originated approximately 2,570 loans totaling around $511 million through the PPP, generating $4.7 million in interest income[213] - Gross loans and leases reached $5,070,037 thousand in Q3 2020, compared to $4,170,485 thousand in Q3 2019, marking an increase of 21.5%[218] - Paycheck Protection Program loans amounted to $500,549 thousand in Q3 2020, contributing $2,811 thousand in income[218] - Gross loans and leases held for investment increased by $825.0 million, or 18.8%, from December 31, 2019, driven by PPP loans outstanding of $501.6 million[240] Capital Adequacy - The Corporation maintained compliance with capital adequacy requirements, with Tier 1 Capital to Risk Weighted Assets exceeding 8.50% as of September 30, 2020[264] - As of September 30, 2020, the Corporation's total capital to risk-weighted assets ratio was 15.35%, significantly above the required 8.00%[266] - The Bank's total capital to risk-weighted assets ratio was 11.94%, also exceeding the required 8.00%[266] - The Corporation's Tier 1 capital to risk-weighted assets ratio was 10.52%, surpassing the minimum requirement of 6.00%[266] Market Risk and Economic Conditions - No material changes in the Corporation's market risk were reported during the current period[288] - The effective tax rate for the nine months ended September 30, 2020 was 16.7%, reflecting the benefits of tax-exempt income from investments[236] Segment Performance - The Banking segment reported pre-tax income of $22.7 million for the three months ended September 30, 2020, compared to $19.9 million for the same period in 2019[260] - The Wealth Management segment's assets under management and supervision were $3.6 billion as of September 30, 2020, a decrease of $44.1 million from December 31, 2019[261] - The Insurance segment reported pre-tax income of $822 thousand for the three months ended September 30, 2020, compared to $853 thousand for the same period in 2019[262] Regulatory Changes and Programs - The Paycheck Protection Program Lending Facility was created to facilitate lending to small businesses, with a credit extension rate of 35 basis points[285] - The Paycheck Protection Program and Health Care Enhancement Act allocated an additional $310 billion, increasing total funding to $659 billion[286] - The Paycheck Protection Program Flexibility Act extended the loan forgiveness period to 24 weeks or until December 31, 2020[287] - The required payroll cost spending for loan forgiveness was reduced from 75% to 60%[287] - The loan maturity period was extended from two years to five years under the PPP Flexibility Act[287]

Univest Financial Corporation (NASDAQ:UVSP) Q3 2020 Earnings Conference Call October 29, 2020 9:00 AM ET Company Participants Jeff Schweitzer - President & Chief Executive Officer Brian Richardson - Chief Financial Officer Mike Keim - President of Univest Bank & Trust Conference Call Participants Michael Perito - KBW Justin Crowley - Piper Sandler Matthew Breese - Stephens Operator Good day and welcome to the Univest Financial Corporation Third Quarter 2020 Earnings Conference Call. All participants will be ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (IRS Employer Identification No.) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission File Number: 0-7617 UNIVEST FINANCIAL CORPORATION (Exact name of registrant as spe ...