Exhibit 99.1


NEWS

CONTACT: Brian J. Richardson

UNIVEST FINANCIAL CORPORATION

Chief Financial Officer

215-721-2446, richardsonb@univest.net

FOR IMMEDIATE RELEASE

UNIVEST FINANCIAL CORPORATION

REPORTS FOURTH QUARTER 2025 RESULTS

(21.5% increase in earnings per share compared to fourth quarter 2024)

SOUDERTON, Pa., January 28, 2026 - Univest Financial Corporation (“Univest” or the "Corporation") (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended December 31, 2025 of $22.7 million, or $0.79 diluted earnings per share, compared to net income of $18.9 million, or $0.65 diluted earnings per share, for the quarter ended December 31, 2024. For the year ended December 31, 2025, net income totaled $90.8 million, or $3.13 diluted earnings per share, compared to net income of $75.9 million, or $2.58 diluted earnings per share, for the year ended December 31, 2024.

Loans

Gross loans and leases increased $129.3 million, or 1.9% (7.6% annualized), from September 30, 2025, primarily due to increases in commercial and commercial real estate loans, partially offset by a decrease in residential mortgage loans. Gross loans and leases increased $88.2 million, or 1.3%, from December 31, 2024, primarily due to increases in construction, commercial real estate and home equity loans, partially offset by decreases in commercial and residential mortgage loans and lease financings.

Deposits and Liquidity

Total deposits decreased $130.8 million, or 1.8% (7.2% annualized), from September 30, 2025, primarily due to decreases in public funds and commercial deposits, partially offset by increases in consumer and brokered deposits. Total deposits increased $328.1 million, or 4.9%, from December 31, 2024, primarily

due to increases in commercial, brokered and public funds deposits, partially offset by a decrease in consumer deposits.

Noninterest-bearing deposits totaled $1.4 billion and represented 20.2% of total deposits at December 31, 2025, compared to $1.4 billion representing 19.3% of total deposits at September 30, 2025. Unprotected deposits, which excludes insured, internal, and collateralized deposit accounts, totaled $1.6 billion at December 31, 2025 and September 30, 2025. This represented 23.2% of total deposits at December 31, 2025, compared to 22.0% at September 30, 2025.

As of December 31, 2025, the Corporation and its subsidiaries held cash and cash equivalents totaling $553.7 million. The Corporation and its subsidiaries had committed borrowing capacity of $3.8 billion, of which $2.3 billion was available. The Corporation and its subsidiaries also maintained uncommitted funding sources from correspondent banks of $457.0 million at December 31, 2025. Future availability under these uncommitted funding sources is subject to the prerogatives of the granting banks and may be withdrawn at will.

Net Interest Income and Margin

Net interest income of $62.5 million for the fourth quarter of 2025 increased $7.1 million, or 12.8%, from the fourth quarter of 2024 and $1.2 million, or 2.0%, from the third quarter of 2025. The increase in net interest income for the fourth quarter of 2025 compared to the fourth quarter of 2024 was driven by higher average balances of loans and cash and cash equivalents and increased loan yields, as well as a reduction in our cost of funds, offset by decreases in the yield on cash and cash equivalents and an increase in deposits. The increase in net interest income for the fourth quarter of 2025 compared to the third quarter of 2025 was primarily driven by the increased average balance of cash and cash equivalents and a reduction in our cost of funds, offset by decreases in the yield on cash and cash equivalents and an increase in deposits.

Net interest margin, on a tax-equivalent basis, was 3.10% for the fourth quarter of 2025, compared to 3.17% for the third quarter of 2025 and 2.88% for the fourth quarter of 2024. Excess liquidity reduced net interest margin by approximately 27 basis points for the quarter ended December 31, 2025 compared to approximately 16 basis points for the quarter ended September 30, 2025 and approximately 14 basis points for the quarter ended December 31, 2024. Excluding the impact of excess liquidity, the net interest margin, on a tax-equivalent basis, would have been 3.37% for the quarter ended December 31, 2025 compared to 3.33% for the third quarter of 2025 and 3.02% for the fourth quarter of 2024.

Noninterest Income

Noninterest income for the quarter ended December 31, 2025 was $22.0 million, an increase of $692 thousand, or 3.2%, from the comparable period in the prior year.

Investment advisory commission and fee income increased $598 thousand, or 11.0%, for the quarter ended December 31, 2025 compared to the comparable period in the prior year, primarily due to the appreciation of assets under management and supervision and new customer relationships.

Other income increased $1.2 million, or 137.9%, for the quarter ended December 31, 2025 compared to the comparable period in the prior year. Fees on risk participation agreements for interest rate swaps increased $480 thousand due to increased demand. Additionally, income on other real estate owned increased $837 thousand for the quarter ended December 31, 2025 compared to the comparable period in the prior year due to leasing-related activities in the respective periods.

Other service fee income decreased $805 thousand, or 23.2%, for the quarter ended December 31, 2025 compared to the comparable period in the prior year. The three months ended December 31, 2024 included a reversal of a $785 thousand valuation allowance on mortgage servicing rights that was initially recorded in the third quarter of 2024. The reversal was driven by a decrease in prepayment speed assumptions as a result of the increase in interest rates during the fourth quarter of 2024.

Net gain on mortgage banking activities decreased $434 thousand, or 32.9%, for the quarter ended December 31, 2025 compared to the comparable period in the prior year, primarily due to decreased salable volume.

Noninterest Expense

Noninterest expense for the quarter ended December 31, 2025 was $52.7 million, an increase of $2.1 million, or 4.1%, from the comparable period in the prior year.

Salaries, benefits and commissions increased $1.5 million, or 4.7%, for the quarter ended December 31, 2025 compared to the comparable period in the prior year, primarily due to annual merit increases and an increase in incentive compensation due to increased profitability, partially offset by an increase in capitalized compensation driven by higher loan production.

Professional fees increased $278 thousand, or 16.7%, for the quarter ended December 31, 2025 compared to the comparable period in the prior year driven by an increase in consultant fees for data integration resources and legal fees.

Data processing increased $244 thousand, or 5.9%, for the quarter ended December 31, 2025 compared to the comparable period in the prior year due to increased costs on long-term service contracts.

Tax Provision

The effective income tax rate was 20.8% for the quarter ended December 31, 2025, compared to an effective tax rate of 20.3% for the quarter ended December 31, 2024.

Asset Quality and Provision for Credit Losses

Nonperforming assets totaled $37.8 million at December 31, 2025, $52.1 million at September 30, 2025, and $33.2 million at December 31, 2024. During the fourth quarter, loans totaling $13.9 million related to a nonaccrual commercial loan relationship were paid off and a $449 thousand recovery was recognized. This relationship was placed on nonaccrual during the second quarter of 2025. As of December 31, 2025, a residential property related to this relationship remains in other real estate owned with a carrying value of $1.4 million.

Net loan and lease charge-offs were $1.1 million for the three months ended December 31, 2025 compared to $480 thousand and $767 thousand for the three months ended September 30, 2025 and December 31, 2024, respectively.

The provision for credit losses was $3.1 million for the three months ended December 31, 2025 compared to $517 thousand and $2.4 million for the three months ended September 30, 2025 and December 31, 2024, respectively. The allowance for credit losses on loans and leases as a percentage of loans and leases held for investment was 1.28% at December 31, 2025, September 30, 2025, and December 31, 2024.

Dividend and Share Repurchases

On January 28, 2026, Univest declared a quarterly cash dividend of $0.22 per share to be paid on February 25, 2026 to shareholders of record as of February 11, 2026. On December 10, 2025, the Board of Directors of the Corporation approved an increase of 2,000,000 shares available for repurchase under the Corporation's share repurchase program, or approximately 7.1% of the Corporation's common stock outstanding as of November 30, 2025. During the quarter ended December 31, 2025, the Corporation repurchased 479,690 shares of common stock at an average price of $31.82 per share. Including brokerage fees and excise tax, the average cost per share was $32.17. As of December 31, 2025, 2,270,937 shares are available for repurchase under the Share Repurchase Plan.

Conference Call

Univest will host a conference call to discuss fourth quarter 2025 results on Thursday, January 29, 2026 at 9:00 a.m. EDT. Participants may preregister at https://www.netroadshow.com/events/login/LE9zwo3ifeosEEag73U8miOA26AU31t8QCP. The general public can access the call by dialing 1-833-470-1428; using Access Code 927698. A replay of the conference call will be available through February 5, 2026 by dialing 1-866-813-9403; using Access Code 393949.

About Univest Financial Corporation

Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $8.4 billion in assets and $5.9 billion in assets under management and supervision through its Wealth Management lines of business at December 31, 2025. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices and online at www.univest.net.

# # #

This press release and the reports Univest files with the Securities and Exchange Commission often contain "forward-looking statements" relating to trends or factors affecting the financial services industry and, specifically, the financial condition and results of operations, business, prospects and strategies of Univest. These forward-looking statements involve certain risks and uncertainties in that there are a number of important factors that could cause Univest's future financial condition, results of operations, business, prospects or strategies to differ materially from those expressed or implied by the forward-looking statements. These factors include, but are not limited to: (1) competition and demand for financial services in our market area; (2) inflation and/or changes in interest rates, which may adversely impact our margins and yields, reduce the fair value of our financial instruments, reduce our loan originations and/or lead to higher operating costs and higher costs we pay to retain and attract deposits; (3) changes in asset quality, prepayment speeds, loan sale volumes, charge-offs and/or credit loss provisions; (4) fluctuations in real estate values and both residential and commercial real estate market conditions; (5) changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; (6) our ability to access cost-effective funding; (7) changes in economic conditions nationally and in our market, including potential recessionary conditions and the levels of unemployment in our market area; (8) changes in the economic assumptions or methodology used to calculate our allowance for credit losses; (9) legislative, regulatory, accounting or tax changes; (10) monetary and fiscal policies of the U.S. government, including the policies of the Board of Governors of the Federal Reserve System; (11) the imposition of tariffs or other domestic or international governmental policies and retaliatory responses; (12) the impact of a potential government shutdown; (13) the failure to maintain current technologies and to successfully implement future information technology enhancements; (14) technological issues that may adversely affect our operations or those of our customers; (15) a failure or breach in our operational or security systems or infrastructure, including cyberattacks; (16) changes in the securities markets; (17) the current or anticipated impact of military conflict, terrorism or other geopolitical events; (18) our ability to enter into new markets successfully and capitalize on growth opportunities; (19) changes in investor sentiment or consumer spending or savings behavior; and/or (20) risk factors mentioned in the reports and registration statements Univest files with the Securities and Exchange Commission.

(UVSP - ER)


Univest Financial Corporation
Consolidated Selected Financial Data (Unaudited)
December 31, 2025
(Dollars in thousands)

Balance Sheet (Period End)	12/31/2025		9/30/2025		6/30/2025		3/31/2025		12/31/2024
ASSETS
Cash and due from banks	$	63,579	$	70,843	$	76,624	$	73,319	$	75,998
Interest-earning deposits with other banks	490,133		745,896		83,741		95,815		252,846
Cash and cash equivalents	553,712		816,739		160,365		169,134		328,844

Investment securities held-to-maturity	123,024		126,040		128,455		130,889		134,111
Investment securities available for sale, net of allowance for credit losses	371,251		368,393		366,421		364,503		357,361
Investments in equity securities	2,014		2,413		1,801		1,667		2,506
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost	37,808		39,617		36,482		35,732		38,980
Loans held for sale	15,288		6,330		17,774		13,150		16,653
Loans and leases held for investment	6,914,804		6,785,482		6,801,185		6,833,037		6,826,583
Less: Allowance for credit losses, loans and leases	(88,165)		(86,527)		(86,989)		(87,790)		(87,091)
Net loans and leases held for investment	6,826,639		6,698,955		6,714,196		6,745,247		6,739,492
Premises and equipment, net	45,554		46,245		47,140		47,175		46,671
Operating lease right-of-use assets	25,795		26,536		27,278		27,182		28,531
Goodwill	175,510		175,510		175,510		175,510		175,510
Other intangibles, net of accumulated amortization	7,328		7,537		7,967		8,061		8,309
Bank owned life insurance	140,001		139,044		140,086		139,482		139,351

Accrued interest and other assets	112,973		120,257		115,581		117,435		112,098
Total assets	$	8,436,897	$	8,573,616	$	7,939,056	$	7,975,167	$	8,128,417

LIABILITIES
Noninterest-bearing deposits	$	1,431,974	$	1,390,565	$	1,461,189	$	1,433,995	$	1,414,635
Interest-bearing deposits:	5,655,339		5,827,578		5,121,471		5,224,503		5,344,624
Total deposits	7,087,313		7,218,143		6,582,660		6,658,498		6,759,259
Short-term borrowings	24,411		11,951		6,271		4,031		11,181
Long-term debt	200,000		200,000		200,000		175,000		225,000
Subordinated notes	98,867		129,597		149,511		149,386		149,261
Operating lease liabilities	28,531		29,310		30,106		30,062		31,485
Accrued expenses and other liabilities	54,457		51,396		53,775		54,718		64,930

Total liabilities	7,493,579		7,640,397		7,022,323		7,071,695		7,241,116

SHAREHOLDERS' EQUITY
Common stock, $5 par value: 48,000,000 shares authorized and 31,556,799 shares issued	157,784		157,784		157,784		157,784		157,784
Additional paid-in capital	304,021		302,696		301,640		300,634		302,829
Retained earnings	591,202		574,715		555,403		541,776		525,780
Accumulated other comprehensive loss, net of tax benefit	(25,467)		(31,636)		(34,969)		(37,922)		(43,992)
Treasury stock, at cost	(84,222)		(70,340)		(63,125)		(58,800)		(55,100)
Total shareholders’ equity	943,318		933,219		916,733		903,472		887,301
Total liabilities and shareholders’ equity	$	8,436,897	$	8,573,616	$	7,939,056	$	7,975,167	$	8,128,417


	For the three months ended,										For the twelve months ended,
Balance Sheet (Average)	12/31/2025		9/30/2025		6/30/2025		3/31/2025		12/31/2024		12/31/2025		12/31/2024
Assets	$	8,528,465	$	8,191,010	$	7,979,475	$	7,981,043	$	8,163,347	$	8,171,555	$	7,897,707
Investment securities, net of allowance for credit losses	497,201		492,197		497,214		500,078		500,748		496,652		497,051
Loans and leases, gross	6,848,654		6,790,827		6,846,938		6,856,503		6,758,649		6,835,586		6,677,206
Deposits	7,165,437		6,836,043		6,633,250		6,617,653		6,804,483		6,814,659		6,526,929
Shareholders' equity	936,417		923,454		908,536		896,811		880,237		916,433		858,019


Univest Financial Corporation
Consolidated Summary of Loans by Type and Asset Quality Data (Unaudited)
December 31, 2025
(Dollars in thousands)

Summary of Major Loan and Lease Categories (Period End)	12/31/2025		9/30/2025		6/30/2025		3/31/2025		12/31/2024
Commercial, financial and agricultural	$	1,027,434	$	996,612	$	1,052,246	$	1,034,361	$	1,037,835
Real estate-commercial	3,621,536		3,517,803		3,485,615		3,546,402		3,530,451
Real estate-construction	306,793		309,365		302,424		281,785		274,483
Real estate-residential secured for business purpose	554,178		545,191		535,210		536,082		536,095
Real estate-residential secured for personal purpose	959,610		974,395		984,166		992,767		994,972
Real estate-home equity secured for personal purpose	200,394		197,503		195,014		189,119		186,836
Loans to individuals	12,793		13,447		14,069		16,930		21,250
Lease financings	232,066		231,166		232,441		235,591		244,661
Total loans and leases held for investment, net of deferred income	6,914,804		6,785,482		6,801,185		6,833,037		6,826,583
Less: Allowance for credit losses, loans and leases	(88,165)		(86,527)		(86,989)		(87,790)		(87,091)
Net loans and leases held for investment	$	6,826,639	$	6,698,955	$	6,714,196	$	6,745,247	$	6,739,492


Asset Quality Data (Period End)	12/31/2025			9/30/2025			6/30/2025			3/31/2025			12/31/2024
Nonaccrual loans and leases, including nonaccrual loans held for sale	$	13,743		$	27,330		$	27,909		$	11,126		$	12,667
Accruing loans and leases 90 days or more past due	89			829			125			322			321
Total nonperforming loans and leases	13,832			28,159			28,034			11,448			12,988
Other real estate owned	23,926			23,926			22,471			22,433			20,141
Repossessed assets	65			40			80			79			76
Total nonperforming assets	$	37,823		$	52,125		$	50,585		$	33,960		$	33,205
Nonaccrual loans and leases / Loans and leases held for investment	0.20		%	0.40		%	0.41		%	0.16		%	0.19		%
Nonperforming loans and leases / Loans and leases held for investment	0.20		%	0.41		%	0.41		%	0.17		%	0.19		%
Nonperforming assets / Total assets	0.45		%	0.61		%	0.64		%	0.43		%	0.41		%

Allowance for credit losses, loans and leases	$	88,165		$	86,527		$	86,989		$	87,790		$	87,091
Allowance for credit losses, loans and leases / Loans and leases held for investment	1.28		%	1.28		%	1.28		%	1.28		%	1.28		%
Allowance for credit losses, loans and leases / Nonaccrual loans and leases	641.53		%	316.60		%	311.69		%	789.05		%	687.54		%
Allowance for credit losses, loans and leases / Nonperforming loans and leases	637.40		%	307.28		%	310.30		%	766.86		%	670.55		%

	For the three months ended,															For the twelve months ended,
	12/31/2025			9/30/2025			6/30/2025			3/31/2025			12/31/2024			12/31/2025			12/31/2024
Net loan and lease charge-offs	$	1,145		$	480		$	7,807		$	1,686		$	767		$	11,118		$	3,802
Net loan and lease charge-offs (annualized)/Average loans and leases	0.07		%	0.03		%	0.46		%	0.10		%	0.05		%	0.16		%	0.06		%


Univest Financial Corporation
Consolidated Selected Financial Data (Unaudited)
December 31, 2025
(Dollars in thousands, except per share data)
	For the three months ended,										For the twelve months ended,
For the period:	12/31/2025		9/30/2025		6/30/2025		3/31/2025		12/31/2024		12/31/2025		12/31/2024
Interest income	$	111,716	$	109,648	$	105,706	$	103,416	$	107,476	$	430,486	$	412,355
Interest expense	49,167		48,324		46,165		46,635		52,004		190,291		201,185
Net interest income	62,549		61,324		59,541		56,781		55,472		240,195		211,170
Provision for credit losses	3,145		517		5,694		2,311		2,380		11,667		5,933
Net interest income after provision for credit losses	59,404		60,807		53,847		54,470		53,092		228,528		205,237
Noninterest income:
Trust fee income	2,316		2,230		2,146		2,161		2,265		8,853		8,491
Service charges on deposit accounts	2,237		2,302		2,258		2,194		2,192		8,991		8,082
Investment advisory commission and fee income	6,055		5,671		5,460		5,613		5,457		22,799		21,208
Insurance commission and fee income	4,825		5,468		5,261		6,889		4,743		22,443		22,349
Other service fee income	2,668		2,416		3,147		2,707		3,473		10,938		14,747
Bank owned life insurance income	970		1,908		1,012		1,959		1,012		5,849		3,861
Net gain on sales of investment securities	—		—		—		—		—		—		18
Net gain on mortgage banking activities	886		848		981		647		1,320		3,362		5,265


Other income	2,065		1,080		1,236		245		868		4,626		4,034
Total noninterest income	22,022		21,923		21,501		22,415		21,330		87,861		88,055
Noninterest expense:
Salaries, benefits and commissions	33,009		31,652		31,536		30,826		31,518		127,023		123,745
Net occupancy	2,882		2,675		2,739		2,853		2,751		11,149		11,025
Equipment	1,052		1,076		1,043		1,122		1,147		4,293		4,453
Data processing	4,390		4,263		4,408		4,364		4,146		17,425		16,956
Professional fees	1,947		1,876		1,597		1,797		1,669		7,217		6,402
Marketing and advertising	479		323		498		353		552		1,653		2,173
Deposit insurance premiums	1,106		1,195		1,074		1,151		1,102		4,526		4,432
Intangible expenses	102		106		131		130		155		469		694



Other expense	7,743		7,503		7,306		6,732		7,618		29,284		28,112
Total noninterest expense	52,710		50,669		50,332		49,328		50,658		203,039		197,992
Income before taxes	28,716		32,061		25,016		27,557		23,764		113,350		95,300
Income tax expense	5,971		6,422		5,038		5,162		4,823		22,593		19,369
Net income	$	22,745	$	25,639	$	19,978	$	22,395	$	18,941	$	90,757	$	75,931
Net income per share:
Basic	$	0.80	$	0.89	$	0.69	$	0.77	$	0.65	$	3.16	$	2.60
Diluted	$	0.79	$	0.89	$	0.69	$	0.77	$	0.65	$	3.13	$	2.58
Dividends declared per share	$	0.22	$	0.22	$	0.22	$	0.21	$	0.21	$	0.87	$	0.84
Weighted average shares outstanding	28,376,191		28,716,582		28,859,348		29,000,567		29,070,039		28,734,922		29,215,365
Period end shares outstanding	28,156,917		28,576,346		28,810,805		28,962,648		29,045,877		28,156,917		29,045,877


Univest Financial Corporation
Consolidated Selected Financial Data (Unaudited)
December 31, 2025

	For the three months ended,															For the twelve months ended,
Profitability Ratios (annualized)	12/31/2025			9/30/2025			6/30/2025			3/31/2025			12/31/2024			12/31/2025			12/31/2024
Return on average assets	1.06		%	1.24		%	1.00		%	1.14		%	0.92		%	1.11		%	0.96		%
Return on average shareholders' equity	9.64		%	11.02		%	8.82		%	10.13		%	8.56		%	9.90		%	8.85		%
Return on average tangible common equity (1)(3)	11.93		%	13.68		%	11.02		%	12.69		%	10.79		%	12.33		%	11.24		%
Net interest margin (FTE)	3.10		%	3.17		%	3.20		%	3.09		%	2.88		%	3.14		%	2.86		%
Efficiency ratio (2)	61.8		%	60.2		%	61.6		%	61.6		%	65.5		%	61.3		%	65.7		%

Capitalization Ratios
Dividends declared to net income	27.5		%	24.7		%	31.8		%	27.2		%	32.2		%	27.6		%	32.3		%
Shareholders' equity to assets (Period End)	11.18		%	10.88		%	11.55		%	11.33		%	10.92		%	11.18		%	10.92		%
Tangible common equity to tangible assets (1)	9.27		%	9.00		%	9.52		%	9.31		%	8.92		%	9.27		%	8.92		%
Common equity book value per share	$	33.50		$	32.66		$	31.82		$	31.19		$	30.55		$	33.50		$	30.55
Tangible common equity book value per share (1)	$	27.20		$	26.45		$	25.66		$	25.06		$	24.43		$	27.20		$	24.43

Regulatory Capital Ratios (Period End)
Tier 1 leverage ratio	9.51		%	9.85		%	9.94		%	9.80		%	9.51		%	9.51		%	9.51		%
Common equity tier 1 risk-based capital ratio	11.22		%	11.40		%	11.19		%	10.97		%	10.85		%	11.22		%	10.85		%
Tier 1 risk-based capital ratio	11.22		%	11.40		%	11.19		%	10.97		%	10.85		%	11.22		%	10.85		%
Total risk-based capital ratio	13.86		%	14.28		%	14.58		%	14.35		%	14.19		%	13.86		%	14.19		%
(1) Non-GAAP metric. A reconciliation of this and other non-GAAP financial measures is included at the end of this document.
(2) Noninterest expense to net interest income before loan loss provision plus noninterest income adjusted for tax equivalent income.
(3) Net income before amortization of intangibles to average tangible common equity.


Univest Financial Corporation
Average Balances and Interest Rates (Unaudited)
	For the Three Months Ended,
Tax Equivalent Basis	December 31, 2025						September 30, 2025
	Average		Income/		Average		Average		Income/		Average
(Dollars in thousands)	Balance		Expense		Rate		Balance		Expense		Rate
Assets:
Interest-earning deposits with other banks	$	680,052	$	6,808	3.97	%	$	395,944	$	4,363	4.37	%


Other debt and equity securities	497,201		4,021		3.21		492,197		3,923		3.16

Federal Home Loan Bank, Federal Reserve Bank and other stock	38,894		754		7.69		37,159		736		7.86
Total interest-earning deposits, investments and other interest-earning assets	1,216,147		11,583		3.78		925,300		9,022		3.87
Commercial, financial, and agricultural loans	939,461		15,900		6.71		949,676		17,223		7.20
Real estate—commercial and construction loans	3,781,248		56,163		5.89		3,705,154		55,469		5.94
Real estate—residential loans	1,716,569		21,967		5.08		1,719,844		21,846		5.04
Loans to individuals	13,023		297		9.08		13,497		308		9.05
Tax-exempt loans and leases	225,707		3,091		5.43		229,253		3,033		5.25
Lease financings	172,646		3,158		7.26		173,403		3,159		7.23
Gross loans and leases	6,848,654		100,576		5.83		6,790,827		101,038		5.90
Total interest-earning assets	8,064,801		112,159		5.52		7,716,127		110,060		5.66
Cash and due from banks	56,000						60,950
Allowance for credit losses, loans and leases	(87,615)						(88,202)
Premises and equipment, net	46,062						46,980
Operating lease right-of-use assets	26,153						26,901
Other assets	423,064						428,254
Total assets	$	8,528,465					$	8,191,010
Liabilities:
Interest-bearing checking deposits	$	1,389,619	$	9,175	2.62	%	$	1,293,781	$	8,685	2.66	%
Money market savings	2,168,721		19,679		3.60		1,915,501		18,765		3.89
Regular savings	754,027		1,444		0.76		724,927		1,068		0.58
Time deposits	1,441,199		14,371		3.96		1,482,837		15,100		4.04
Total time and interest-bearing deposits	5,753,566		44,669		3.08		5,417,046		43,618		3.19
Short-term borrowings	21,490		3		0.06		10,639		1		0.04
Long-term debt	200,000		2,144		4.25		200,000		2,145		4.26
Subordinated notes	120,764		2,351		7.72		139,127		2,560		7.30
Total borrowings	342,254		4,498		5.21		349,766		4,706		5.34
Total interest-bearing liabilities	6,095,820		49,167		3.20		5,766,812		48,324		3.32
Noninterest-bearing deposits	1,411,871						1,418,997
Operating lease liabilities	28,902						29,702
Accrued expenses and other liabilities	55,455						52,045
Total liabilities	7,592,048						7,267,556
Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds")	7,507,691				2.60		7,185,809				2.67
Shareholders' Equity:
Common stock	157,784						157,784
Additional paid-in capital	303,235						302,063
Retained earnings and other equity	475,398						463,607
Total shareholders' equity	936,417						923,454
Total liabilities and shareholders' equity	$	8,528,465					$	8,191,010
Net interest income			$	62,992					$	61,736
Net interest spread					2.32						2.34
Effect of net interest-free funding sources					0.78						0.83
Net interest margin					3.10	%					3.17	%
Ratio of average interest-earning assets to average interest-bearing liabilities	132.30		%				133.80		%

*Obligations of states and political subdivisions are tax-exempt earning assets.
Notes: For rate calculation purposes, average loan and lease categories include deferred fees and costs and purchase accounting adjustments.
Net interest income includes net deferred costs amortization of $559 thousand and $687 thousand for the three months ended December 31, 2025 and September 30, 2025, respectively.
Nonaccrual loans and leases have been included in the average loan and lease balances. Loans held for sale have been included in the average loan balances.
Tax-equivalent amounts for the three months ended December 31, 2025 and September 30, 2025 have been calculated using the Corporation’s federal applicable rate of 21.0%.


Univest Financial Corporation
Average Balances and Interest Rates (Unaudited)
	For the Three Months Ended December 31,
Tax Equivalent Basis	2025						2024
	Average		Income/		Average		Average		Income/		Average
(Dollars in thousands)	Balance		Expense		Rate		Balance		Expense		Rate
Assets:
Interest-earning deposits with other banks	$	680,052	$	6,808	3.97	%	$	402,753	$	4,852	4.79	%

Obligations of state and political subdivisions*	—		—		—		1,290		7		2.16
Other debt and equity securities	497,201		4,021		3.21		499,458		3,815		3.04

Federal Home Loan Bank, Federal Reserve Bank and other stock	38,894		754		7.69		39,407		746		7.53
Total interest-earning deposits, investments and other interest-earning assets	1,216,147		11,583		3.78		942,908		9,420		3.97
Commercial, financial, and agricultural loans	939,461		15,900		6.71		972,840		17,492		7.15
Real estate—commercial and construction loans	3,781,248		56,163		5.89		3,631,142		53,163		5.82
Real estate—residential loans	1,716,569		21,967		5.08		1,708,795		21,249		4.95
Loans to individuals	13,023		297		9.08		25,803		522		8.05
Tax-exempt loans and leases	225,707		3,091		5.43		233,036		2,652		4.53
Lease financings	172,646		3,158		7.26		187,033		3,296		7.01
Gross loans and leases	6,848,654		100,576		5.83		6,758,649		98,374		5.79
Total interest-earning assets	8,064,801		112,159		5.52		7,701,557		107,794		5.57
Cash and due from banks	56,000						56,989
Allowance for credit losses, loans and leases	(87,615)						(86,812)
Premises and equipment, net	46,062						47,155
Operating lease right-of-use assets	26,153						28,891
Other assets	423,064						415,567
Total assets	$	8,528,465					$	8,163,347
Liabilities:
Interest-bearing checking deposits	$	1,389,619	$	9,175	2.62	%	$	1,275,348	$	8,504	2.65	%
Money market savings	2,168,721		19,679		3.60		1,954,246		20,653		4.20
Regular savings	754,027		1,444		0.76		705,222		817		0.46
Time deposits	1,441,199		14,371		3.96		1,499,998		17,247		4.57
Total time and interest-bearing deposits	5,753,566		44,669		3.08		5,434,814		47,221		3.46
Short-term borrowings	21,490		3		0.06		7,102		1		0.06
Long-term debt	200,000		2,144		4.25		225,000		2,501		4.42
Subordinated notes	120,764		2,351		7.72		149,194		2,281		6.08
Total borrowings	342,254		4,498		5.21		381,296		4,783		4.99
Total interest-bearing liabilities	6,095,820		49,167		3.20		5,816,110		52,004		3.56
Noninterest-bearing deposits	1,411,871						1,369,669
Operating lease liabilities	28,902						31,864
Accrued expenses and other liabilities	55,455						65,467
Total liabilities	7,592,048						7,283,110
Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds")	7,507,691				2.60		7,185,779				2.88
Shareholders' Equity:
Common stock	157,784						157,784
Additional paid-in capital	303,235						301,895
Retained earnings and other equity	475,398						420,558
Total shareholders' equity	936,417						880,237
Total liabilities and shareholders' equity	$	8,528,465					$	8,163,347
Net interest income			$	62,992					$	55,790
Net interest spread					2.32						2.01
Effect of net interest-free funding sources					0.78						0.87
Net interest margin					3.10	%					2.88	%
Ratio of average interest-earning assets to average interest-bearing liabilities	132.30		%				132.42		%

*Obligations of states and political subdivisions are tax-exempt earning assets.
Notes: For rate calculation purposes, average loan and lease categories include deferred fees and costs and purchase accounting adjustments.
Net interest income includes net deferred costs amortization of $559 thousand and $676 thousand for the three months ended December 31, 2025 and 2024, respectively.
Nonaccrual loans and leases have been included in the average loan and lease balances. Loans held for sale have been included in the average loan balances.
Tax-equivalent amounts for the three months ended December 31, 2025 and 2024 have been calculated using the Corporation’s federal applicable rate of 21.0%.


Univest Financial Corporation
Average Balances and Interest Rates (Unaudited)
	For the Twelve Months Ended December 31,
Tax Equivalent Basis	2025						2024
	Average		Income/		Average		Average		Income/		Average
(Dollars in thousands)	Balance		Expense		Rate		Balance		Expense		Rate
Assets:
Interest-earning deposits with other banks	$	333,556	$	13,902	4.17	%	$	220,356	$	11,193	5.08	%

Obligations of state and political subdivisions*	217		4		1.84		1,447		33		2.28
Other debt and equity securities	496,435		15,925		3.21		495,604		14,909		3.01

Federal Home Loan Bank, Federal Reserve Bank and other stock	37,584		2,848		7.58		38,647		2,912		7.53
Total interest-earning deposits, investments and other interest-earning assets	867,792		32,679		3.77		756,054		29,047		3.84
Commercial, financial, and agricultural loans	971,245		67,829		6.98		972,213		69,921		7.19
Real estate—commercial and construction loans	3,720,892		218,473		5.87		3,587,147		207,053		5.77
Real estate—residential loans	1,723,191		87,127		5.06		1,670,126		82,344		4.93
Loans to individuals	15,360		1,335		8.69		26,646		2,161		8.11
Tax-exempt loans and leases	228,478		11,951		5.23		232,020		10,157		4.38
Lease financings	176,420		12,749		7.23		189,054		12,845		6.79
Gross loans and leases	6,835,586		399,464		5.84		6,677,206		384,481		5.76
Total interest-earning assets	7,703,378		432,143		5.61		7,433,260		413,528		5.56
Cash and due from banks	57,252						57,799
Allowance for credit losses, loans and leases	(87,942)						(86,530)
Premises and equipment, net	46,797						48,610
Operating lease right-of-use assets	26,936						29,990
Other assets	425,134						414,578
Total assets	$	8,171,555					$	7,897,707
Liabilities:
Interest-bearing checking deposits	$	1,281,075	$	32,735	2.56	%	$	1,191,634	$	32,857	2.76	%
Money market savings	1,920,600		73,424		3.82		1,801,035		80,217		4.45
Regular savings	720,718		4,024		0.56		740,493		3,529		0.48
Time deposits	1,485,281		61,838		4.16		1,413,589		64,266		4.55
Total time and interest-bearing deposits	5,407,674		172,021		3.18		5,146,751		180,869		3.51
Short-term borrowings	11,112		19		0.17		13,703		249		1.82
Long-term debt	204,452		8,778		4.29		253,733		10,942		4.31
Subordinated notes	139,584		9,473		6.79		149,007		9,125		6.12
Total borrowings	355,148		18,270		5.14		416,443		20,316		4.88
Total interest-bearing liabilities	5,762,822		190,291		3.30		5,563,194		201,185		3.62
Noninterest-bearing deposits	1,406,985						1,380,178
Operating lease liabilities	29,765						33,006
Accrued expenses and other liabilities	55,550						63,310
Total liabilities	7,255,122						7,039,688
Total interest-bearing liabilities and noninterest-bearing deposits ("Cost of Funds")	7,169,807				2.65		6,943,372				2.90
Shareholders' Equity:
Common stock	157,784						157,784
Additional paid-in capital	302,243						300,644
Retained earnings and other equity	456,406						399,591
Total shareholders' equity	916,433						858,019
Total liabilities and shareholders' equity	$	8,171,555					$	7,897,707
Net interest income			$	241,852					$	212,343
Net interest spread					2.31						1.94
Effect of net interest-free funding sources					0.83						0.92
Net interest margin					3.14	%					2.86	%
Ratio of average interest-earning assets to average interest-bearing liabilities	133.67		%				133.61		%

*Obligations of states and political subdivisions are tax-exempt earning assets.
Notes: For rate calculation purposes, average loan and lease categories include deferred fees and costs and purchase accounting adjustments.
Net interest income includes net deferred costs amortization of $2.5 million and $2.7 million for the twelve months ended December 31, 2025 and 2024, respectively.
Nonaccrual loans and leases have been included in the average loan and lease balances. Loans held for sale have been included in the average loan balances.
Tax-equivalent amounts for the twelve months ended December 31, 2025 and 2024 have been calculated using the Corporation’s federal applicable rate of 21.0%.


Univest Financial Corporation
Loan Portfolio Overview (Unaudited)
December 31, 2025

(Dollars in thousands)
Industry Description	Total Outstanding Balance		% of Commercial Loan Portfolio
CRE - Retail	$	437,864	7.9	%
Animal Production	428,809		7.8
CRE - Multi-family	383,688		7.0
CRE - 1-4 Family Residential Investment	277,643		5.0
Hotels & Motels (Accommodation)	259,170		4.7
CRE - Office	244,534		4.4
CRE - Industrial / Warehouse	222,619		4.0
Specialty Trade Contractors	209,450		3.8
Nursing and Residential Care Facilities	163,938		3.0
Homebuilding (tract developers, remodelers)	150,906		2.7
Merchant Wholesalers, Durable Goods	137,124		2.5
Crop Production	135,818		2.5
Repair and Maintenance	124,570		2.3
Motor Vehicle and Parts Dealers	116,657		2.1
CRE - Mixed-Use - Commercial	114,659		2.1
CRE - Mixed-Use - Residential	108,517		2.0
Administrative and Support Services	99,083		1.8
Wood Product Manufacturing	98,771		1.8
Real Estate Lenders, Secondary Market Financing	93,066		1.7
Professional, Scientific, and Technical Services	92,883		1.7
Food Services and Drinking Places	90,211		1.6
Fabricated Metal Product Manufacturing	79,947		1.5
Merchant Wholesalers, Nondurable Goods	79,922		1.5
Education	78,031		1.4
Amusement, Gambling, and Recreation Industries	76,874		1.4
Religious Organizations, Advocacy Groups	65,397		1.2
Miniwarehouse / Self-Storage	63,371		1.2
Personal and Laundry Services	62,052		1.1
Food Manufacturing	59,804		1.1
Machinery Manufacturing	52,598		1.0
Industries with >$50 million in outstandings	$	4,607,976	83.6	%
Industries with <$50 million in outstandings	$	901,965	16.4	%
Total Commercial Loans	$	5,509,941	100.0	%

Consumer Loans and Lease Financings	Total Outstanding Balance
Real Estate-Residential Secured for Personal Purpose	$	959,610
Real Estate-Home Equity Secured for Personal Purpose	200,394
Loans to Individuals	12,793
Lease Financings	232,066
Total Consumer Loans and Lease Financings	$	1,404,863

Total	$	6,914,804


Univest Financial Corporation
Non-GAAP Reconciliation
December 31, 2025

Management uses non-GAAP measures in its analysis of the Corporation's performance. These measures should not be considered a substitute for GAAP basis measures nor should they be viewed as a substitute for operating results determined in accordance with GAAP. Management believes the presentation of the non-GAAP financial measures, which exclude the impact of the specified items, provides useful supplemental information that is essential to a proper understanding of the financial results of the Corporation. See the table below for additional information on non-GAAP measures used throughout this earnings release.




	As of or for the three months ended,										As of or for the twelve months ended,
(Dollars in thousands)	12/31/2025		9/30/2025		6/30/2025		3/31/2025		12/31/2024		12/31/2025		12/31/2024




Net income	$	22,745	$	25,639	$	19,978	$	22,395	$	18,941	$	90,757	$	75,931
Amortization of intangibles, net of tax	81		84		103		103		122		371		548
Net income before amortization of intangibles	$	22,826	$	25,723	$	20,081	$	22,498	$	19,063	$	91,128	$	76,479

Shareholders' equity	$	943,318	$	933,219	$	916,733	$	903,472	$	887,301	$	943,318	$	887,301
Goodwill	(175,510)		(175,510)		(175,510)		(175,510)		(175,510)		(175,510)		(175,510)
Other intangibles (a)	(1,919)		(1,966)		(2,040)		(2,104)		(2,263)		(1,919)		(2,263)
Tangible common equity	$	765,889	$	755,743	$	739,183	$	725,858	$	709,528	$	765,889	$	709,528

Total assets	$	8,436,897	$	8,573,616	$	7,939,056	$	7,975,167	$	8,128,417	$	8,436,897	$	8,128,417
Goodwill	(175,510)		(175,510)		(175,510)		(175,510)		(175,510)		(175,510)		(175,510)
Other intangibles (a)	(1,919)		(1,966)		(2,040)		(2,104)		(2,263)		(1,919)		(2,263)
Tangible assets	$	8,259,468	$	8,396,140	$	7,761,506	$	7,797,553	$	7,950,644	$	8,259,468	$	7,950,644

Average shareholders' equity	$	936,417	$	923,454	$	908,536	$	896,811	$	880,237	$	916,433	$	858,019
Average goodwill	(175,510)		(175,510)		(175,510)		(175,510)		(175,510)		(175,510)		(175,510)
Average other intangibles (a)	(1,935)		(1,983)		(2,068)		(2,162)		(2,146)		(2,036)		(2,193)
Average tangible common equity	$	758,972	$	745,961	$	730,958	$	719,139	$	702,581	$	738,887	$	680,316

(a) Amount does not include mortgage servicing rights

UNIVEST FINANCIAL Corp 8-K