Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 174

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 174
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826 1.7 Merchant Wholesalers, Nondurable Goods84,534 1.6 Professional, Scientific, and Technical Services81,206 1.5 Fabricated Metal Product Manufacturing74,269 1.4 Amusement, Gambling, and Recreation Industries72,892 1.4 Religious Organizations, Advocacy Groups66,259 1.2 Personal and Laundry Services63,955 1.2 Miniwarehouse / Self-Storage63,941 1.2 Education63,844 1.2 Food Manufacturing55,063 1.0 Private Equity & Special Purpose Entities (except 52592)50,895 0.9 Industries with >$50 million in outstandings$4,502,608 83.9 %Industries with <$50 million in outstandings$866,363 16.1 %Total Commercial Loans$5,368,971 100.0 %Consumer Loans and Lease FinancingsTotal Outstanding BalanceReal Estate-Residential Secured for Personal Purpose$974,395 Real Estate-Home Equity Secured for Personal Purpose197,503 Loans to Individuals13,447 Lease Financings231,166 Total Consumer Loans and Lease Financings$1,416,511 Total$6,785,482 

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 $106 thousand and $175 thousand for the three months ended September 30, 2025 and 2024, respectively. The amortization of core deposit and customer-related intangibles was $367 thousand and $350 thousand for the nine months ended September 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 September 30, 2025 and December 31, 2024.

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The Corporation also has goodwill with a net carrying value of $175.5 million at September