secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000102212-22-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Univest Q2 net income falls 37% to $13.2M; EPS $0.45 vs $0.71 YoY
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- Q2 2022 net income $13.2M ($0.45 diluted EPS) vs $20.9M ($0.71) in Q2 2021, down 37%.
- Gross loans (ex-PPP) grew $265.9M or 19.6% annualized from Q1 2022; total loans up 11.5% YoY.
- Total deposits fell $484.9M (32% annualized) from Q1 2022; down $492.1M from Dec 2021.
- New change-in-control agreements for CEO, COO, CFO and CRO with 2x salary+bonus severance and non-compete.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000010221222000027/0000102212-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000010221222000027/uvsp-20220727.htm
  HTML page:      https://secwatch.observer/filing/0000102212-22-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer