Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 202

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 202
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 Scientific, and Technical Services85,567 1.6 Merchant Wholesalers, Nondurable Goods81,836 1.5 Private Equity & Special Purpose Entities (except 52592)76,957 1.4 CRE - Mixed-Use - Commercial76,067 1.4 Fabricated Metal Product Manufacturing72,635 1.4 Amusement, Gambling, and Recreation Industries69,971 1.3 Education65,839 1.2 Religious Organizations, Advocacy Groups65,568 1.2 Personal and Laundry Services63,886 1.2 Miniwarehouse / Self-Storage63,531 1.2 Food Manufacturing53,682 1.0 Industries with >$50 million in outstandings$4,495,222 83.6 %Industries with <$50 million in outstandings$880,273 16.4 %Total Commercial Loans$5,375,495 100.0 %Consumer Loans and Lease FinancingsTotal Outstanding BalanceReal Estate-Residential Secured for Personal Purpose$984,166 Real Estate-Home Equity Secured for Personal Purpose195,014 Loans to Individuals14,069 Lease Financings232,441 Total Consumer Loans and Lease Financings$1,425,690 Total$6,801,185 

Goodwill and Other Intangible Assets

Goodwill and other intangible assets have been recorded on the books of the Corporation in connection with acquisitions. The Corporation has core deposit and customer-related intangibles, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The amortization of core deposit and customer-related intangibles was $131 thousand and $175 thousand for the three months ended June 30, 2025 and 2024, respectively. The amortization of core deposit and customer-related intangibles was $261 thousand and $350 thousand for the six months ended June 30, 2025 and 2024. See Note 5 to the Condensed Unaudited Consolidated Financial Statements, "Goodwill and Other Intangible Assets," for a summary of intangible assets at June 30, 2025 and December 31, 2024.

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The Corporation also has goodwill with a net carrying value of $