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 ...

Financial Data and Key Metrics Changes - The company reported net income of $15.5 million for Q4 2019, translating to $0.53 per share, impacted by a legal settlement charge of $0.02 per share [6] - For the full year 2019, earnings per share were $2.24, with a return on average assets of 1.26% and return on average equity of 10.07% [11][12] - Tangible book value per share increased by $1.76 or 11.5% to $17.01 [13] Business Line Data and Key Metrics Changes - Loans grew by $134.9 million or 12.7% annualized in Q4 2019, contributing to total loan growth of $380.3 million or 9.5% for the year [6] - Mortgage banking operations saw gains on sale increase by $325,000 or 45.6% for the quarter and $821,000 or 26.3% for the year compared to 2018 [8] - Noninterest income represented 28% of total revenue for 2019, with growth in wealth management and insurance revenues of 4.2% and 5.7% respectively [14] Market Data and Key Metrics Changes - Deposits increased by $468.8 million or 12.1% for the year, although Q4 saw a seasonal runoff of public funds deposits, resulting in only $16.8 million growth [7] - The net interest margin for Q4 was 3.44%, down from 3.52% in Q3, with excess liquidity negatively impacting NIM by 12 basis points [14] Company Strategy and Development Direction - The company aims for an 8% loan growth target for 2020, with growth expected across its entire footprint [20][24] - Plans to redeem $50 million of subordinated debt in March 2020, with a focus on maintaining capital for future opportunities [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the local economy's strength despite headwinds from net interest margin compression [30] - The company anticipates a net interest margin compression of approximately 3 to 4 basis points in Q1 2020, with expectations of flat to slightly down margins for the remainder of the year [15] Other Important Information - The efficiency ratio for 2019 was reported at 61.4%, impacted by Pennsylvania Bank shares tax totaling $3.9 million [12] - Noninterest expense growth is expected to be around 5.5% to 6% in 2020, influenced by investments made in 2019 [16] Q&A Session Summary Question: Loan growth expectations for 2020 - The company is targeting 8% loan growth for 2020 [20] Question: Performance of recently hired team in Lancaster - The team has no contractual limitations and is performing well despite competition from the acquiring company [21] Question: Impact of potential rate cuts on net interest margin - A stable rate environment is assumed in guidance, with a 25 basis point decrease expected to impact NIM by 3 to 4 basis points initially [22] Question: Loan growth by geography and line of business - Most loan growth in Q3 came from the commercial line of business, with Central Pennsylvania division slightly ahead [24] Question: Updates on capital deployment priorities - The company plans to pay down subordinated debt and evaluate capital deployment options thereafter [25] Question: Commentary on expected movement in expenses for 2020 - Expense movements will primarily be in headcount and technology investments made in 2019 [28]

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 ...

Univest Financial Corporation (NASDAQ:UVSP) Q1 2019 Earnings Conference Call April 25, 2019 9:00 AM ET Company Participants Jeffrey Schweitzer - President and CEO Mike Keim - President of Univest Bank and Trust Roger Deacon - Chief Financial Officer Brian Richardson - EVP and Director of Finance Conference Call Participants Justin Crowley - Sandler O'Neill Matthew Breese - Piper Jaffray Operator Good morning and welcome to the Univest Financial Corporation First Quarter 2019 Earnings Conference Call [Operat ...

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, 2018 Commission File number 0-7617 UNIVEST FINANCIAL CORPORATION (Address of principal executive of ices) (Zip Code) Registrant's telephone number, including area code (215) 721-2400 Securities registered pursuant to Section 12(b) of the Act: Title of class Name of each exchange on which ...