Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 150

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 150
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)102,494 Noninterest income19,973 14,105 12,474 23 46,575 Total revenue126,975 14,142 12,474 (4,522)149,069 Provision for credit losses2,139 — — — 2,139 Less: (1)Salaries, benefits and commissions37,132 8,689 6,821 8,883 61,525 Net occupancy4,742 159 318 332 5,551 Equipment2,006 20 46 127 2,199 Data processing6,580 729 259 1,088 8,656 Professional fees1,527 270 32 1,325 3,154 Marketing and advertising433 106 16 576 1,131 Deposit insurance premiums2,233 — — — 2,233 Intangible expense157 — 218 — 375 Other segment items (2)10,218 1,309 330 2,101 13,958 Intersegment expense (revenue) (3)11,164 104 247 (11,515)— Income (loss) before income taxes$48,644 $2,756 $4,187 $(7,439)$48,148 Income tax expense (benefit)9,692 711 925 (1,592)9,736 Net income (loss)$38,952 $2,045 $3,262 $(5,847)$38,412 Net capital expenditures$(778)$11 $67 $107 $(593)(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.(2) Other segment items for each reportable segment includes:Banking - loan and lease financing related fees, deposit and card service fees, and certain overhead expenses.Wealth Management - referral fees, clearing broker fees, and certain overhead expenses.Insurance - certain overhead expenses.Other - Board of Director fees, retirement costs, and certain overhead expenses.(3) Includes an allocation of general and administrative expenses from both the parent holding company and the Bank.  The following tables show significant components of segment net assets as of June 30, 2025 and December 31, 2024.At June 30, 2025(Dollars