Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 131

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 131
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,467 Noninterest income10,959 7,353 7,288 (5)25,595 Total revenue64,680 7,371 7,288 (2,277)77,062 Provision for credit losses1,432 — — — 1,432 Less: (1)Salaries, benefits and commissions19,165 4,142 3,452 4,579 31,338 Net occupancy2,489 80 161 142 2,872 Equipment1,020 9 23 59 1,111 Data processing3,471 353 126 545 4,495 Professional fees690 159 23 816 1,688 Marketing and advertising113 32 11 260 416 Deposit insurance premiums1,135 — — — 1,135 Intangible expense78 — 109 — 187 Other segment items (2)5,080 615 147 990 6,832 Intersegment expense (revenue) (3)5,449 52 123 (5,624)— Income (loss) before income taxes$24,558 $1,929 $3,113 $(4,044)$25,556 Income tax expense (benefit)4,959 413 688 (809)5,251 Net income (loss)$19,599 $1,516 $2,425 $(3,235)$20,305 Net capital expenditures$(1,463)$6 $9 $48 $(1,400)(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 March 31, 2025 and December 31, 2024.At March 31, 2025(Dollars in thousands)BankingWealth ManagementInsuranceOtherCons