Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 197

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 2
Chunk 197
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ings(675)317 (358)(2,095)334 (1,761)Total interest expense531 (5,441)(4,910)6,011 (14,068)(8,057)Net interest income$1,578 $6,666 $8,244 $3,052 $19,255 $22,307 

54

Provision for Credit Losses

The provision for credit losses for the three months ended September 30, 2025 and 2024 was $517 thousand and $1.4 million, respectively. The provision for credit losses for the nine months ended September 30, 2025 and 2024 was $8.5 million and $3.6 million, respectively. The increase in provision for the nine months ended September 30, 2025 compared to September 30, 2024 was primarily driven by a $7.3 million charge-off recorded on a $23.7 million commercial loan relationship during the second quarter of 2025. The following table details information pertaining to the Corporation’s allowance for credit losses on loans and leases as a percentage of loans and leases held for investment at the dates indicated. 

(Dollars in thousands)September 30, 2025June 30, 2025March 31, 2025December 31, 2024September 30, 2024Allowance for credit losses, loans and leases$86,527 $86,989 $87,790 $87,091 $86,041 Loans and leases held for investment6,785,482 6,801,185 6,833,037 6,826,583 6,730,734 Allowance for credit losses, loans and leases / loans and leases held for investment1.28 %1.28 %1.28 %1.28 %1.28 %

Noninterest Income

The following table presents noninterest income for the three and nine months ended September 30, 2025 and 2024:

Three Months EndedNine Months Ended September 30,ChangeSeptember 30,Change(Dollars in thousands)20252024AmountPercent20252024AmountPercentTrust fee income$2,230 $2,110 $120 5.7%$6,537 $6,226 $311 5.0%Service charges on deposit accounts2,302