Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 195

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 195
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11,073 10,432 641 6.1 Insurance commission and fee income5,261 5,167 94 1.8 12,150 12,368 (218)(1.8)Other service fee income3,147 3,044 103 3.4 5,854 9,459 (3,605)(38.1)Bank owned life insurance income1,012 1,086 (74)(6.8)2,971 1,928 1,043 54.1 Net gain on mortgage banking activities981 1,710 (729)(42.6)1,628 2,649 (1,021)(38.5)Other income1,236 745 491 65.9 1,481 1,770 (289)(16.3)Total noninterest income$21,501 $20,980 $521 2.5 %$43,916 $46,575 $(2,659)(5.7 %)

Three and six months ended June 30, 2025 versus 2024 

Noninterest income for the three months ended June 30, 2025 was $21.5 million, an increase of $521 thousand, or 2.5%, from the three months ended June 30, 2024. Noninterest income for the six months ended June 30, 2025 was $43.9 million, a decrease of $2.7 million, or 5.7%, from the six months ended June 30, 2024.

Service charges on deposit accounts increased $276 thousand, or 13.9%, for the three months ended June 30, 2025 and $599 thousand, or 15.5%, for the six months ended June 30, 2025 from the comparable periods in the prior year, primarily due to increased treasury management income.

Investment advisory commission and fee income increased $222 thousand, or 4.2%, for the three months ended June 30, 2025 and $641 thousand, or 6.1%, for the six months ended June 30, 2025 from the comparable periods in the prior year, primarily due to new customer relationships and appreciation of assets under management and supervision.

Insurance commission and fee income decreased $218 thousand, or 1.8%, for the six months ended June 30,