Financial Data and Key Metrics Changes - The company reported net income of $2.1 million for Q2 2020, or $0.07 per share, significantly impacted by $19.9 million in COVID-19 related expenses [6][14] - Pre-tax pre-provision income increased by $3.3 million, or 15.1%, compared to Q2 2019, with a pre-tax pre-provision return on average assets of 1.71% [7][14] - The total provision for credit losses was $23.7 million, with $19.9 million attributed to COVID-19, indicating a significant increase in provisioning due to economic uncertainties [14][16] Business Line Data and Key Metrics Changes - The mortgage banking business saw a net gain of $3.5 million for the quarter, a year-over-year increase of $2.7 million, driven by a 185% increase in revenue-generating volume [18] - Noninterest income included swap fees of $1.7 million, an increase of $1.3 million compared to Q2 2019, reflecting customer demand for longer-term fixed rates [19] - Loans were relatively flat during the quarter, with a decrease of $94.5 million in commercial line utilization, but lending opportunities are expected to increase as the economy reopens [9][10] Market Data and Key Metrics Changes - The allowance for credit losses on loans and leases increased by $50.9 million, or 144%, since December 31, 2019, reaching 1.94% of total loans and leases, excluding PPP loans [16] - The net interest margin (NIM) reported was 3.18%, a decrease of 30 basis points from the previous quarter, impacted by excess liquidity and low-yielding PPP loans [16][17] Company Strategy and Development Direction - The company continues to focus on core business performance despite economic uncertainties, emphasizing employee safety and customer service [8][11] - The reopening of branch lobbies and adaptation to safety protocols indicate a strategic shift towards normal operations while maintaining service quality [8] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the pace of economic recovery, influenced by spikes in COVID-19 cases, but remains optimistic about core business performance [6][58] - The company is closely monitoring economic forecasts and will adjust provisioning strategies accordingly, indicating a cautious but proactive approach to risk management [24][26] Other Important Information - The company originated $510 million in PPP loans and modified 1,420 loans and leases with a combined principal balance of approximately $720 million [20][21] - The management highlighted the importance of maintaining a strong capital position and the ongoing review of dividend safety [30] Q&A Session Summary Question: Thoughts on provisioning for the back half of the year - Management indicated that provisioning will depend on economic forecasts and the situation at the end of September, with a consistent approach to using Moody's baseline forecast [24][26] Question: Details on customer deferrals and their status - Approximately 57% of total deferrals have reached the end of their initial 90-day period, with 45% extended and 55% of the remaining customers resuming payments [28] Question: Commentary on capital safety and dividend - Management feels comfortable with the current capital position and will review the dividend on a quarterly basis, acknowledging its importance to shareholders [30] Question: Insights on local economic conditions and customer confidence - The local economy is gradually reopening, with some sectors performing well, particularly in Lancaster, although uncertainties remain due to potential COVID-19 spikes [44][45] Question: Outlook for non-interest income and expenses - Non-interest income is expected to recover as market conditions improve, particularly in mortgage banking, while expenses may normalize as business activities resume [49][53]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Exact name of registrant as specified in its charter) Pennsylvania 23-1886144 (State or other jurisdiction of incorporation or organization) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________ ...

Univest Financial Corp (NASDAQ:UVSP) Q1 2020 Earnings Conference Call April 23, 2020 9:00 AM ET Company Participants Jeffrey Schweitzer - President, CEO & Director Brian Richardson - EVP & CFO Michael Keim - President & Director Conference Call Participants Michael Perito - KBW Frank Schiraldi - Piper Sandler & Co. Operator Good morning, and welcome to the Univest Financial Corp. First Quarter 2020 Earnings Conference Call. [Operator Instructions]. Please note the event is being recorded. Now I'd like to t ...

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, 2019 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 2019 Earnings Conference Call January 23, 2020 9:00 AM ET Company Participants Jeff Schweitzer - President and Chief Executive Officer Brian Richardson - Executive Vice President and Chief Financial Officer Michael Keim - Senior Executive Vice President and President of Univest Bank and Trust Co Conference Call Participants Frank Schiraldi - Piper Sandler Michael Schiavone - KBW Operator Good morning. And welcome to the Univest Financial Corporation's Fourth Qu ...

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 September 30, 2019 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) Pennsy ...

Univest Financial Corporation (NASDAQ:UVSP) Q3 2019 Results Earnings Conference Call October 24, 2019 9:00 AM ET Company Participants Jeffrey Schweitzer - President and Chief Executive Officer Brian Richardson - Executive Vice President and Chief Financial Officer Michael Keim - Senior Executive Vice President and President of Univest Bank and Trust Co. Conference Call Participants Frank Schiraldi - Sandler O'Neill Michael Perito - KBW Operator Good morning and welcome to the Univest Financial Corporation's ...

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, 2019 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) Pennsylvani ...

Univest Financial Corporation (NASDAQ:UVSP) Q2 2019 Results Earnings Conference Call July 25, 2019 9:00 AM ET Company Participants Jeffrey Schweitzer - President and Chief Executive Officer Brian Richardson - Executive Vice President and Chief Financial Officer Michael Keim - Senior Executive Vice President and President of Univest Bank and Trust Co. Conference Call Participants Frank Schiraldi - Sandler O'Neill & Partners Michael Perito - Keefe, Bruyette & Woods Matthew Breese - Piper Jaffray Operator Good ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2019. 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) Pennsylvania 23-1886144 (Stat ...