Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 2

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 2
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409 5,058 9,051 10,222 Total interest expense46,165 48,805 92,800 95,947 Net interest income59,541 51,027 116,322 102,494 Provision for credit losses5,694 707 8,005 2,139 Net interest income after provision for credit losses53,847 50,320 108,317 100,355 Noninterest incomeTrust fee income2,146 2,008 4,307 4,116 Service charges on deposit accounts2,258 1,982 4,452 3,853 Investment advisory commission and fee income5,460 5,238 11,073 10,432 Insurance commission and fee income5,261 5,167 12,150 12,368 Other service fee income3,147 3,044 5,854 9,459 Bank owned life insurance income1,012 1,086 2,971 1,928 Net gain on mortgage banking activities981 1,710 1,628 2,649 Other income1,236 745 1,481 1,770 Total noninterest income21,501 20,980 43,916 46,575 Noninterest expenseSalaries, benefits and commissions31,536 30,187 62,362 61,525 Net occupancy2,739 2,679 5,592 5,551 Equipment1,043 1,088 2,165 2,199 Data processing4,408 4,161 8,772 8,656 Professional fees1,597 1,466 3,394 3,154 Marketing and advertising498 715 851 1,131 Deposit insurance premiums1,074 1,098 2,225 2,233 Intangible expenses131 188 261 375 Other expense7,306 7,126 14,038 13,958 Total noninterest expense50,332 48,708 99,660 98,782 Income before income taxes25,016 22,592 52,573 48,148 Income tax expense5,038 4,485 10,200 9,736 Net income$19,978 $18,107 $42,373