Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 75

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 75
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,537 $6,226 $311 5.0%Service charges on deposit accounts2,302 2,037 265 13.0 6,754 5,890 864 14.7 Investment advisory commission and fee income5,671 5,319 352 6.6 16,744 15,751 993 6.3 Insurance commission and fee income5,468 5,238 230 4.4 17,618 17,606 12 0.1 Other service fee income2,416 1,815 601 33.1 8,270 11,274 (3,004)(26.6)Bank owned life insurance income1,908 921 987 107.2 4,879 2,849 2,030 71.3 Net gain on sales of investment securities— 18 (18)N/M— 18 (18)N/MNet gain on mortgage banking activities848 1,296 (448)(34.6)2,476 3,945 (1,469)(37.2)Other income1,080 1,396 (316)(22.6)2,561 3,166 (605)(19.1)Total noninterest income$21,923 $20,150 $1,773 8.8%$65,839 $66,725 $(886)(1.3%)

Three and nine months ended September 30, 2025 versus 2024 

Noninterest income for the three months ended September 30, 2025 was $21.9 million, an increase of $1.8 million, or 8.8%, from the three months ended September 30, 2024. Noninterest income for the nine months ended September 30, 2025 was $65.8 million, a decrease of $886 thousand, or 1.3%, from the nine months ended September 30, 2024.

Bank owned life insurance income increased $987 thousand, or 107.2%, for the three months ended September 30, 2025 and $2.0 million, or 71.3%, for the nine months ended September 30, 2025 from the comparable periods in the prior year, primarily due to death benefit claims received in both periods.

Other service fee income increased $601