UNIVEST FINANCIAL Corp Earnings Per Share Disclosure
| For the Years Ended December 31, | |||||||||||||||||
| (Dollars and shares in thousands, except per share data) | 2025 | 2024 | 2023 | ||||||||||||||
Numerator for basic and diluted earnings per share—net income available to common shareholders | $ | 90,757 | $ | 75,931 | $ | 71,104 | |||||||||||
Denominator for basic earnings per share—weighted-average shares outstanding | 28,735 | 29,215 | 29,433 | ||||||||||||||
| Effect of dilutive securities—stock options and restricted stock units | 242 | 186 | 100 | ||||||||||||||
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding | 28,977 | 29,401 | 29,533 | ||||||||||||||
| Basic earnings per share | $ | 3.16 | $ | 2.60 | $ | 2.42 | |||||||||||
| Diluted earnings per share | $ | 3.13 | $ | 2.58 | $ | 2.41 | |||||||||||
| Average anti-dilutive options and restricted stock units excluded from computation of diluted earnings per share | 111 | 195 | 293 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2024 | Feb 24, 2025 | |
| 2023 | Feb 26, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Mar 3, 2017 | |
| 2015 | Mar 4, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.