Univest Financial Corporation · NASDAQ:UVSP
Univest Financial — Debt Investor Presentation (November 2025)
49 slides from Univest Financial's debt investor presentation, Nov 6, 2025
Slide 1: Subordinated Notes Investor Presentation October 2025
Exhibit 99.2 Subordinated Notes Investor Presentation October 2025
Slide 2: Confidentiality Notice and Disclaimers
Confidentiality Notice and Disclaimers This presentation has been prepared solely for informational purposes from information supplied by or on behalf of Univest Financial Corporation (“UVSP”) and its subsidiaries (collectively, the “Company,” “we,” “our” or “us”) and is confidential and does not co
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation may contain forward-looking statements. When used or incorporated by reference in disclosure documents, the words “may,” “will,” “could,” “should,” “would,” “believe,” “anticipate,” “plan,” “estimate,” “expect,” “project,” “target,” and “goal,” the negati
Slide 4: Forward Looking Statements (Continued)
Forward Looking Statements (Continued) • Our ability to implement our business strategies; • Our ability to manage market risk, credit risk, interest rate risk and operational risk; • Adverse changes in the securities markets; • The impact of any military conflict, terrorist act or other geopolitica
Slide 5: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These non-GAAP measures include tangible common equity, average tangible common equity,
Slide 6: Terms of Proposed Offering
Terms of Proposed Offering W Issuance Type Term Call Date Use of Proceeds Sole Placement Agen’ Univest Financial Corporation (NASDAQ: UVSP) Subordinated Notes $50 Million BBB by Kroll Bond Rating Agency Fixed-to-Floating Rate Private Placement with Registration Rights 10 Years 5 Years The redemption
Slide 7: Company Overview
COMPANY OVERVIEW
Slide 8: Univest Company Overview
Univest Company Overview Key Franchise Highlights • $8.6B bank headquartered in Souderton, PA • Bank founded in 1876 and has expanded its core markets throughout Pennsylvania, Southern New Jersey and Baltimore th 1 • 7 largest bank headquartered in PA • Experienced management team with a focus on in
Slide 9: Key Financial Highlights
Key Financial Highlights MRQ Key Financial Metrics Long Term Investment Thesis Net Interest Margin 3.17% ~25% - 30% ROAA 1.24% Fee Income Business Revenue/Total Revenue ROAE 11.02% Yield on Loans 5.90% 1 4.5% 9.4% Cost of Deposits 2 2.53% Core PTPP-NCO 2 TBV/Share growth growth Leverage Ratio 5-year
Slide 10: 2025 Strategy
2025 Strategy ◦ Maintain net interest margin consistent with peers ◦ Execute a diversified deposit sourcing strategy Balance Sheet ◦ Manage loan growth focusing on full relationship customers and prioritizing Optimization comprehensive relationships ◦ Explore opportunities to sell on-balance mortgag
Slide 11: Executive Leadership Team
Executive Leadership Team Tenure (yrs) Name Age with Univest Title Jeffrey M. Schweitzer 52 18 Chairman, President and CEO, Univest Financial Corporation Michael S. Keim 58 16 Chief Operating Officer, Univest Financial Corporation and President, Univest Bank and Trust Co. Brian J. Richardson 42 9 Ch
Slide 12: Attractive Investment Opportunity
Attractive Investment Opportunity Diversified lines of “Super-Community Opportunity and business and revenue Bank” Headquartered ability to scale and streams (i.e. Noninterest in attractive obtain operating Income represents ~25% - Southeastern leverage 30% of total revenue) Pennsylvania market Stro
Slide 13: Line of Business Overview
GUNIVEST Girard BANK AND TRUST CO. LINE OF BUSINESS OVERVIEW GUNIVEST GUNIVEST HOME LOANS INSURANCE, LLC
Slide 14: Commercial Banking
Commercial Banking Commercial Banking Commercial Loan Detail as of 9/30/25 • As of 9/30/25, 86 lenders, relationship managers and portfolio managers operating in four divisions established by geography: Tax-Exempt, 3.2% ◦ East Penn and New Jersey: Bucks, Montgomery, Chester, Delaware, Berks, Philade
Slide 15: Consumer Banking
Consumer Banking • 27 financial service centers located in Bucks, Lancaster, Lehigh, Montgomery, Northampton and Philadelphia counties in PA; also operating 12 Regional Centers (Deposit Taking) and 10 retirement centers in Bucks and Montgomery counties in PA. • Proactively addressed continued reduct
Slide 16: Mortgage Banking
MSR Asset Value ($000) Mortgage Banking Mortgage Banking Residential Mortgage Originations 800,000 9,000 • As of 9/30/25, 33 Loan Officers predominately operating in Bank’s core footprint 700,000 8,500 • Primarily agency lender: FNMA, FHLMC, FHA, VA and USDA ◦ FNMA and FHLMC eligible loans sold with
Slide 17: Univest Capital, Inc.
Yield Univest Capital, Inc. Univest Capital Lease Financing 280,000 10.00% • Equipment financing business with $231 million in lease receivables as of 9/30/25 9.00% 240,000 • Average lease size $45,000 typically with 8.00% four-year term 200,000 7.00% • Primary industries served: health care, educat
Slide 18: Wealth Management
Wealth Management Wealth Management Assets Under Management/Supervision 6,000,000 • Comprehensive wealth management platform including broker / dealer, municipal pension 5,500,000 services, registered investment advisor, retirement plan services and trust 5,000,000 • The wealth management division o
Slide 19: Insurance
Insurance Insurance Agent Written Premiums 250,000 • Independent insurance agency with more than 60 carrier relationships as of 9/30/25 225,000 • Full service agency providing commercial and 200,000 personal lines, employee benefits and HR consulting solutions 175,000 • Built via eight acquisitions
Slide 20: Summary Financial Highlights
SUMMARY FINANCIAL HIGHLIGHTS
Slide 21: YTD Q3 2025 Results
YTD Q3 2025 Results Earnings Loans & Deposits Reported Earnings: $68.0 million $2.36 per share Annualized Loan Contraction : (0.8)% 1 Core PTPP-NCO : $81.1 million Annualized Deposit Growth: 9.1% Reported ROAA: 1.13% 1 Core PTPP-NCO ROAA : 1.35% 1 Reported ROATE : 12.47% Average Loan to Deposit Rati
Slide 22: Core PTPP-NCO
1 Core PTPP-NCO $120,000 $108,434 $100,321 $100,000 93,825 $87,236 $85,340 $84,911 $81,082 $80,000 $68,620 $64,978 $60,000 $40,000 $20,000 $— 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q3 2025 1. This is a non-GAAP financial measure. Refer to the Appendix for reconciliation. 22
Slide 23: Core PTPP-NCO ROAA & ROTE
1 1 Core PTPP-NCO ROAA & ROTE 1 1 Core PTPP-NCO ROAA Core PTPP-NCO ROTE 2.00% 22.00% 1.90% 21.00% 1.80% 20.00% 19.54% 1.70% 19.00% 1.63% 18.53% 18.20% 1.60% 18.00% 1.56% 17.58% 1.49% 1.51% 1.50% 17.00% 16.14% 1.45% 1.40% 16.00% 16.33% 1.35% 15.77% 1.37% 1.33% 14.87% 1.30% 15.00% 1.20% 14.00% 1.19% 1
Slide 24: Non-Interest Income % of Total Revenue
Non-Interest Income % of Total Revenue Revenue 2 Revenue Revenue by Line of Business (YTD Q3 2025) 360,000 50% Univest Capital, Mortgage, 1.9% 300,000 13.1% Wealth, 40% 7.9% 240,000 30% Insurance, 6.0% 180,000 20% 120,000 10% 60,000 — —% Commercial, 71.1% 1 Core Net Interest Income Non-Interest Inco
Slide 25: Fee Income
Fee Income $96,000 50% $88,055 $83,224 $84,000 $78,328 $77,885 $76,824 40% $72,000 $65,839 $65,422 $60,173 32% $59,240 32% $60,000 30% 29% 29% 28% 28% 27% 26% 26% $48,000 20% $36,000 $24,000 10% $12,000 $— —% 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q3 2025 Trust / Wealth Fee Income Insurance Fee
Slide 26: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin Core Net Interest Margin 3.80% 240,000 3.71% 3.63% (0.01)% 230,000 3.72% 3.65% (3 0..7 00 7% )% 3.72% 0.06% 3.60% 220,000 3.70% 3.59% 3.52% 210,000 0.14% 3.40% 3.37% 200,000 3.38% 190,000 0.21% 3.23% 3.18% 3.20% 180,000 3.16% 0.08% 0.04% 3.16% 0.12% 3.15% 17
Slide 27: Efficiency Ratio
Efficiency Ratio UVSP’s effective tax rate would be approximately 400 bps higher if 75.0% the Bank Shares Tax was included UVSP pays a Bank Share Tax rather than Bank Income Tax to the Commonwealth of Pennsylvania as a result of our type of in income tax expense. charter. This amount is included in
Slide 28: Assets and Loans
Assets and Loans Assets Loans by Segment (excluding PPP) $10,000,000 $8,000,000 CAGR = 8.6% $9,000,000 $8.6B $6.8B $7,000,000 $6.8B $6.6B $8.1B $7.8B $8,000,000 $6.1B $7.2B $6,000,000 $7.1B $7,000,000 $5.3B $6.3B $4.8B $5,000,000 $6,000,000 $4.4B $5.4B $4.0B $5.0B $5,000,000 $4,000,000 $4.6B $3.6B $
Slide 29: Liabilities and Deposits
Liabilities and Deposits Liabilities Deposits 9,000,000 8,000,000 CAGR = 9.5% $7.2B 8,000,000 $7.6B 7,000,000 $6.8B $7.2B $6.4B $6.9B $6.1B 7,000,000 $5.9B 6,000,000 $6.4B $6.3B $5.2B 6,000,000 $5.6B 5,000,000 $4.4B 5,000,000 $4.7B $3.9B $4.4B 4,000,000 $3.6B $4.0B 4,000,000 $3.7B $3.3B 3,000,000 3,
Slide 30: Loan Portfolio Detail and Credit Overview
LOAN PORTFOLIO DETAIL AND CREDIT OVERVIEW
Slide 31: Loan & Lease Detail
Loan & Lease Detail 2016 1,375 823 175 294 30 291 163135 2017 1,542 896 176 342 28 322 184130 1,741 938 216 363 33 388 186 142 2018 2019 2,040 947 233 374 30 439 174 149 2020 2,459 893 243 381 27 488 167 165 2,719 956 284 410 26 541 159 185 2021 2022 3,028 1,087 382 478 28 730 177 211 2023 3,303 990
Slide 32: Credit Infrastructure
Credit Infrastructure Approval Process Significant Centralized Management Experienced Conservative credit oversight via committee credit team credit culture underwriting approvals for $10 process million or greater Credit / Risk Line of Business Owns Borrower Risk Owns Borrower Relationship Risk Ass
Slide 33: Asset Quality
Asset Quality Nonperforming Assets Nonaccrual Loans & Leases 60,000 2.50% 50,000 800.0% 2.25% 700.0% 50,000 2.00% 40,000 1.75% 600.0% 40,000 1.50% 500.0% 1.25% 30,000 30,000 1.00% 400.0% 20,000 0.75% 20,000 300.0% 0.50% 10,000 0.25% 200.0% —% 10,000 — (0.25)% 100.0% 2016 2017 2018 2019 2020 2021 202
Slide 34: Credit Overview
Credit Overview • Joint signature up to $10.0MM, then management level loan committee for the largest exposures. ◦ Itemized report of all closed loans of $500K or more reported weekly to Officers Loan Committee. • Robust independent loan review process, using team-based audits with risk-based scope.
Slide 35: Liquidity and Capital
LIQUIDITY AND CAPITAL
Slide 36: Liquidity and Capital
Liquidity and Capital Borrowing Sources – as of 9/30/25 Liabilities & Shareholders’ Equity Subordinated debt, 1.5% Balance Unused Other Borrowings, FHLB - Pittsburgh* $ 200.0 $ 1,425.2 Other Liabilities, 0.9% 2.5% Brokered Federal Fund Lines (8 Lenders)** — 457.0 Deposits, Shareholders’ FRB - Philad
Slide 37: Deposits and Liquidity Highlights
Deposits and Liquidity Highlights as of 9/30/2025 Brokered deposits totaled $446.9 million Committed borrowing Uncommitted funding or 5.2% of total assets. capacity of $3.6 billion sources of $457.0 Additional available 1 ($1.8 billion available ) million liquidity from brokered deposits totaled $1.
Slide 38: Strong Capital Ratios Provide for Operating Flexibility
Strong Capital Ratios Provide for Operating Flexibility Tier 1 and Common Tier 1 (Common/RBC) Tier 1 (Leverage) Equity Tier 1 Capital 15.00% 12.50% Ratios are the same. 10.48% 10.13% 10.02% 9.85% 9.81% 9.51% 11.40% 10.00% 9.36% 11.11% 11.03% 11.08% 9.13% 10.88% 10.85% 9.08% 10.76% 10.58% 8.84% 10.37
Slide 39: Illustrative Pro Forma Capital Ratios
Illustrative Pro Forma Capital Ratios Proceeds Redemption from $50M of $80M of Actual 9/30/25 9/30/2025 Sub. Notes Sub. Notes Pro Forma ($ in thousands) Actual Offering due 2030 9/30/2025 14.3% 14.1% Pro Forma 9/30/25 Regulatory Capital Common Equity Tier 1 Capital $ 793,504 $ 793,504 Preferred Equi
Slide 40: Double Leverage & Interest Coverage
Double Leverage & Interest Coverage ($ in thousands) Pro Forma Double Leverage Ratio As of the Year Ended: Quarter Ended Offering Quarter Ended 1 12/31/2021 12/31/2022 12/31/2023 12/31/2024 9/30/2025 Adj. 9/30/2025 Bank-Level Equity $ 761,782 $ 786,560 $ 856,289 $ 887,188 $ 930,634 — $ 930,634 Paren
Slide 41: Appendix (Including Non-GAAP Reconciliations)
APPENDIX (Including Non-GAAP Reconciliations)
Slide 42: Appendix – Investments as of 9/30/2025
Appendix – Investments as of 9/30/2025 Investment Portfolio Corporate Bond Ratings Corporate Other Bonds 0.5% 14.8% Corporate Bonds 9/30/25 (in millions) Moody’s Market Rating Value Aa3 $1.0 Aa2 — Aa1 — $497 Aaa 0.5 A3 16.4 Million A2 14.9 at 9/30/25 A1 40.9 Baa2 — Baa1 — WR — N/A — Total $73.7 MBS/
Slide 43: Appendix – Largest Loan Exposures as of 9/30/2025
Appendix – Largest Loan Exposures as of 9/30/2025 Commercial Real Estate and Residential Real Estate Secured for Business Purposes Commercial & Industrial $4,372M | Avg Loan Size $609K $997M | Avg Loan Size $328K Risk Exposure Risk Exposure Rank Loan Type/Industry Rating (000s) Geography Rank Loan T
Slide 44: Appendix – Loan Portfolio Overview as of 9/30/2025
Appendix – Loan Portfolio Overview as of 9/30/2025 % of Commercial Industry Description Total Outstanding Balance Loan Portfolio CRE - Retail $ 448,366 8 .4 % Animal Production 413,288 7.7 CRE - Multi-family 356,421 6.6 CRE - 1-4 Family Residential Investment 279,521 5.2 CRE - Office 256,336 4.8 Hot
Slide 45: Appendix – Largest Deposit Relationships as of 9/30/2025
1 Appendix – Largest Deposit Relationships as of 9/30/2025 Deposits Balance Rank Type (000s) 1 Public Funds 242,383 2 Bus/Corp 123,272 3 Public Funds 74,353 4 Bus/Corp 72,479 5 Public Funds 65,839 6 Public Funds 55,907 7 Public Funds 53,596 8 Public Funds 50,309 9 Bus/Corp 50,199 10 Public Funds 49,
Slide 46: Appendix – Non-GAAP Reconciliations
Appendix – Non-GAAP Reconciliations $s in millions 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q3 2025 1. Tangible Common Equity Shareholders' Equity $ 603,374 $ 624,133 $ 675,122 $ 692,472 $ 773,794 $ 776,500 $ 839,208 $ 887,301 $ 933,219 Less: Goodwill 172,559 172,559 172,559 172,559 175,510 175,5
Slide 47: Appendix – Non-GAAP Reconciliations (Continued)
Appendix – Non-GAAP Reconciliations (Continued) $s in millions 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q3 2025 6. Average Interest Earning Assets excluding Excess Liquidity and PPP Loans Average Interest Earning Assets $ 3,938,520 $ 4,321,322 $ 4,783,680 $ 5,594,910 $ 6,232,133 $ 6,520,116 $ 7,0
Slide 48: Appendix – Non-GAAP Reconciliations (Continued)
Appendix – Non-GAAP Reconciliations (Continued) $s in millions 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q3 2025 11. Core Pre-Tax Pre-Provision Income less Net Charge-offs ( PTPP-NCO ) Pre-Tax Income $ 61,811 $ 60,686 $ 80,053 $ 56,897 $ 114,330 $ 97,210 $ 88,689 $ 95,300 $ 84,634 Plus: Provision
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