Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 60

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 60
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— 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 in thousands)BankingWealth ManagementInsuranceOtherConsolidatedOther segment disclosures:Cash and cash equivalents$74,289 $51,968 $34,108 $— $160,365 Loans and leases, including loans held for sale, net of allowance for credit losses6,731,970 — — — 6,731,970 Goodwill138,476 15,434 21,600 — 175,510 Other segment assets841,531 2,606 2,844 24,230 871,211 Total segment assets$7,786,266 $70,008 $58,552 $24,230 $7,939,056 

44

At December 31, 2024(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidatedOther segment disclosures:Cash and cash equivalents$247,