Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 61

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 61
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 Net income (loss)$68,265 $4,699 $3,489 $(8,441)$68,012 Net capital expenditures$2,745 $13 $43 $687 $3,488 

46

Nine Months EndedSeptember 30, 2024(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidatedInterest income$304,805 $56 $— $18 $304,879 Interest expense142,337 — — 6,844 149,181 Net interest income (expense)162,468 56 — (6,826)155,698 Noninterest income26,706 22,134 17,721 164 66,725 Total revenue189,174 22,190 17,721 (6,662)222,423 Provision for credit losses3,553 — — — 3,553 Less: (1)Salaries, benefits and commissions55,461 13,145 10,252 13,369 92,227 Net occupancy7,074 236 467 497 8,274 Equipment3,013 31 70 192 3,306 Data processing9,706 1,091 400 1,613 12,810 Professional fees2,368 388 40 1,937 4,733 Marketing and advertising620 133 28 840 1,621 Deposit insurance premiums3,330 — — — 3,330 Intangible expense212 — 327 — 539 Other segment items (2)15,158 1,921 474 2,941 20,494 Intersegment expense (revenue) (3)18,390 156 370 (18,916)— Income (loss) before income taxes$70,289 $5,089 $5,293 $(9,135)$71,536 Income tax expense (benefit)14,283 1,109 1,184 (2,030)14,546 Net income (loss)$56,006 $3,980 $4,109 $(7,105)$56,990 Net capital expenditures$(234)$11 $73 $167 $17 (1) The significant expense categories and amounts align