secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000102212-22-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Univest Q3 2022 net income $20.8M ($0.71 EPS), flat YoY; board adds 1M shares to buyback
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- Net income $20.8M, $0.71 diluted EPS for Q3 2022 vs $20.9M, $0.71 EPS in Q3 2021; includes $0.02 EPS from BOLI death benefit.
- Loans ex-PPP grew 13.5% annualized from Q2 2022, 14.4% from YE 2021; deposits up 16.1% annualized from Q2 but down 5.9% from YE.
- Board approved additional 1.0M shares (3.4% of outstanding) for repurchase, supplementing existing program.
- Entered new change-in-control agreements with CEO, COO, CFO, and Chief Risk Officer; provides 2x salary plus avg bonus upon qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000010221222000045/0000102212-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000010221222000045/uvsp-20221026.htm
  HTML page:      https://secwatch.observer/filing/0000102212-22-000045

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