Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 90

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 90
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)$95,300 Net capital expenditures$449 $14 $75 $199 $737 (Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidatedFor the Year Ended December 31, 2023Interest income$371,625 $67 $— $38 $371,730 Interest expense142,608 — — 9,125 151,733 Net interest income (expense)229,017 67 — (9,087)219,997 Noninterest income28,414 26,804 21,501 105 76,824 Total revenue257,431 26,871 21,501 (8,982)296,821 Provision for credit losses10,770 — — — 10,770 Less: (1)Salaries, benefits and commissions74,933 15,790 13,283 16,182 120,188 Net occupancy9,219 278 599 590 10,686 Equipment3,769 44 88 231 4,132 Data processing12,914 1,361 527 1,997 16,799 Professional fees3,584 903 22 2,632 7,141 Marketing and advertising1,251 166 70 693 2,180 Deposit insurance premiums4,825 — — — 4,825 Intangible expenses390 — 548 — 938 Restructuring charges1,519 — — — 1,519 Other segment items (2)20,067 2,828 757 5,302 28,954 Intersegment expense (revenue) (3)23,912 459 486 (24,857)— Income (expense) before income taxes$90,278 $5,042 $5,121 $(11,752)$88,689 Net capital expenditures$4,193 $19 $156 $479 $4,847 

112

(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidatedFor the Year Ended December 31, 2022Interest income$252,136 $20 $— $37 $252,193 Interest expense28,098 — — 5,798 33,896 Net interest